Diana Buys Another Containership
Diana Containerships Inc. (NASDAQ: DCIX), said that on November 5, 2014, it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase from an unaffiliated third party a 2005-built Post-Panamax container vessel of approximately 5,000 TEU capacity, the m/v “Santa Pamina”, for a purchase price of $15.95 million. The vessel is expected to be delivered to the Company from the sellers by the end of November, 2014.
Kongsberg Maritime Launches K-Sim Navigation
Kongsberg Maritime has unveiled its latest generation ship’s bridge simulator, K-Sim Navigation, which meets the requirements of the most demanding navigation training for merchant, offshore and naval vessels. Designed for the future of advanced and integrated simulation training, K-Sim Navigation is based on a new cutting-edge technology platform enabling more realistic training scenarios and enhanced user benefits for both instructors and students.
Hamburg Süd Raises Goal for CO2e Reduction
Hamburg Süd has achieved its environmental goal of reducing the CO2e emissions of its fleet by 26% by the year 2020, compared to 2009, well ahead of schedule. This is due to a number of measures. These include investments in the energy efficiency of the shipping company’s own ships, the expansion of the average ship size within the newbuilding program, the chartering of energy-efficient ships and the further optimization of vessel deployment.
Songa Beats Street, But Sees Market Weakness Ahead
Norwegian rig company Songa Offshore reported a forecast-beating core profit for the third quarter although it said weak demand for drilling rigs would remain subdued…
PDVSA's Cardon Refinery Slowed by Equipment Outages
Venezuela's state oil company PDVSA said its 310,000 barrel-per-day Cardon refinery was hit by an electrical fault during a weekend storm, resulting in the halting of some units.
Wärtsilä Dual-Fuel Solution for Icebreaking LNG Carriers
The Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea has ordered a total of 54 Wärtsilä dual fuel engines to power 172,600 cbm icebreaking LNG carriers being built for use in arctic conditions to serve the Yamal LNG project in Northern Russia. The ships will be owned by one joint venture between Teekay LNG Partners of Canada and China LNG Shipping (CLNG), and another joint venture between China Shipping LNG Investment Co.,Ltd. (CSLNG) and Japan based Mitsui O.S.K.
Fincantieri & Technip JV for Offshore Market
Fincantieri and Technip in Italy signed a Memorandum of Understanding aiming to increase their joint competitiveness by starting to address Italian and Mediterranean Sea offshore markets.
Further Developed Gas Engines from Liebherr
At the EnergyDecentral 2014 Liebherr-Component Technologies AG will be presenting its further developed and completely equipped gas engines. Apart from the base version engines offered until now…
Fracking Inquiry Puts Aussie Energy at Risk
The South Australian Liberal Party risks damaging investor and public confidence in the natural gas industry by moving to establish a Parliamentary inquiry into…
USS Ross Arrives in Turkey
The Arleigh Burke-class guided-missile destroyer USS Ross (DDG 71) arrived in Istanbul, Turkey, for a scheduled port visit, Nov. Ross’ visit to Turkey reaffirms to NATO allies that the U.S.
Additional Fosun Reps Appointed on ROC Board
The Board of Roc Oil Company Limited (ROC) has today announced the appointment of Dr Yuanlin JIANG, Mr Yao XU and Mr Qunbin WANG as Non-Executive Directors of ROC…
Keppel T&T Proposes Listing of Keppel DC REIT
Keppel Telecommunications & Transportation (Keppel T&T) has today issued a circular to Keppel T&T shareholders together with a notice of extraordinary general meeting (EGM).
Drydocks World Wins Maritime Std Awards
Drydocks World the international service provider to the maritime, oil, gas and energy sectors has received the Shipyard/Ship Repair Facility of the Year and the…
Two Terex® RMG Cranes for S. Africa
Terex Port Solutions (TPS) has strengthened its presence in the largest container terminal in Africa. Two Terex® rail-mounted gantry cranes (RMGs) are now in operation at Durban Container Terminal…
Battle of Cocos Commemorated
The Governor-General, His Excellency General the Honourable Sir Peter Cosgrove, His Excellency Dr Christoph Müller, Ambassador of the Republic of Germany, and Chief of Navy…
Lewis B. Puller Successfully Completes Float-Off
The Navy's third Mobile Landing Platform (MLP), Lewis B. Puller successfully completed launch and float-off at the General Dynamics National Steel and Shipbuilding Co. (NASSCO) shipyard Nov. Lewis B.
Caterpillar CEO Will Attend APEC CEO Summit
Chairman and CEO Doug Oberhelman is joining APEC economic leaders, business decision-makers and academics to discuss opportunities to strengthen regional economic…
MHI to Transfer Ownership Stake to MEG
Mitsubishi Heavy Industries, Ltd. (MHI) yesterday concluded an agreement with Miyaji Engineering Group, Inc. (MEG) whereby, effective April 1, 2015, MHI will transfer…
Egypt, Greece, Cyprus Pledge More Energy Cooperation
Egypt, facing its worst power crisis in decades, on Saturday pledged greater energy cooperation with Greece and Cyprus, a diplomatic move that opened up the possibility…
Libyan Protesters Stop Oil Exports from Eastern Hariga Port
Libyan state security guards have started a protest at the eastern Hariga oil port, banning any oil exports, a Libyan oil official said on Saturday. A tanker had…
