Court: Vens to Pay Tidewater $46 mln
A World Bank tribunal has ordered Venezuela to pay oil service company Tidewater around $46 million in compensation for seized vessels, in a decision the South American country hailed as a victory.
Rig Count a Predictor for US Q2 Production
The falling number of rigs drilling for oil in the United States is pointing to a decline in U.S. oil production in the second quarter, Goldman Sachs analysts said on Monday.
Australia Reveals Barrier Reef Protections
UNESCO's World Heritage Committee is due to decide in June whether to put the reef on its "in danger" list because its corals have been badly damaged and some of its animal species…
Shell Pulls Back from South African Shale
Royal Dutch Shell is pulling back from its shale projects in South Africa due to lower energy prices although it is still seeking an exploration license for the onshore Karoo Basin…
First Supertanker Docks at Vopak-Dialog Terminal
A supertanker carrying about 1 million barrels of Middle East crude docked on Monday at a terminal jointly run by Vopak and Dialog Group in Malaysia, the companies said.
Chinese-make 2-stroke Wärtsilä Engine Unveiled
The first Wärtsilä two-stroke engine with a high pressure SCR (Selective Catalytic Reduction) system manufactured in China has been introduced. The system is fitted…
Shipbuilding for the Arctic
The Arctic region has a huge potential in terms of unexploited natural wealth and resources, though it accounts for a small area on the earth’s surface. Many countries…
PGS Wins Patent Dispute with EMGS
Oslo, Norway, Petroleum Geo-Services ASA informed today that Oslo District Court in its judgment of 13 February 2015 ruled in favor of PGS in the lawsuit filed by…
ABB Shore Power for Johan Sverdrup
Statoil has, on behalf of the Johan Sverdrup partnership, awarded a contract to ABB for land-based power supply to phase 1 of the Johan Sverdrup field. The contract value is around NOK 1.1 billion…
Rescue Sheet for Liebherr Mobile Cranes
Liebherr mobiles cranes which comply with stage 3b or over now come with a rescue sheet as standard. This shows the structure of the crane and any hazardous substances on it.
Lerwick Sees Cruise Season Boom
Lerwick Harbour’s cruise season launches at the double this week, with the arrival of the first two vessels of the year on Wednesday (18 March), bringing 1,850 passengers to Shetland.
U.S. Ambassador to Cameroon visits USNS Spearhead
Ambassador Michael S. Hoza, U.S. ambassador to Cameroon, visited and delivered remarks during reception held aboard the Military Sealift Command’s joint high-speed…
Another Artificial Island in Panama by Boskalis
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract from Compañía Insular Americana, S.A. to construct a second artificial island off the coast…
Observation Pod for Cruise Lines by MacGregor
MacGregor, part of Cargotec, has supplied Royal Caribbean International's first Quantum Class cruise ship with a crane and observation gondola called the North Star.
USCG Responds to Grounded Ferry near Ocracoke Inlet, NC
The Coast Guard responded to a ferry that ran aground Saturday approximately one mile south of Ocracoke, North Carolina. The captain of the Silver Lake, a 220-foot passenger and vehicle ferry…
Australia Bans Dumping within Great Barrier Reef
The dumping of dredge spoil in the Great Barrier Reef Marine Park will be completely banned under draft laws proposed by the Federal Environment Minister. Greg Hunt…
New Korean Maritime Minister Urges for Safety
South Korea's new maritime minister Yoo Ki-june urged all-out efforts to enhance maritime safety. Calling the tragic sinking of a passenger ferry last year the result of a failure by his ministry…
Coming soon: German LNG-powered Ferries
Germany’s AG-Ems is preparing to put two liquefied natural gas-diesel dual fuel ferries into operation for the summer season in the North Sea for the first time.
Volvo Ocean Race on Cyclone Pam Alert
Cyclone Pam continues to delay the restart of the Volvo Ocean race with organizers grounding the six yachts in the race until weather associated with the deadly system stabilizes.
Malta Freeport Terminals Bullish on Prospects
The decision of the two leading shipping consortia, to choose Malta Freeport Terminals (MFT) as their main transshipment hub in the central Mediterranean came as shot in the arm for Malta.
