Myanmar Lands Seized Migrant Boat on Island
A boat packed with more than 700 "boat people" seized off Myanmar's coast was stopped on a small island on Saturday, as officials gave mixed signals about its final destination.
Mexico Lifts Bidding Limits for First Batch of Oil Tenders
Mexico's oil regulator voted on Friday to relax rules on bidding terms and contracts that form the first step in a historic sector opening that kicks off this summer…
Fourth Vessel Joins Topaz Energy ERRV Fleet
Topaz Energy and Marine, a leading offshore support vessel company, has bolstered its Emergency Response and Recovery Vessel (ERRV) fleet with the addition of a new vessel, Topaz Responder.
NewLead Holdings' CFO Quits
NewLead Holdings Ltd. announced yesterday that Antonios Bertsos has resigned as Chief Financial Officer of the Company in order to pursue other career opportunities.
HAROPA, an Official Partner for Vinexpo 2015
From 14 to 18 June, HAROPA, world top port for wine and spirits, will be an official partner for Vinexpo 2015, a major and inescapable event in the wine and spirit sector.
More Keppel FELS Jackup Rigs for Mexico
Keppel FELS Limited , a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), is on track to deliver three KFELS B Class jackup rigs to Mexican company…
USS Montpelier Modernization Contract for General Dynamics
The U.S. Navy has awarded General Dynamics Electric Boat a $46.4 million contract for planning efforts in support of maintenance and modernization work on USS Montpelier…
Pentair Opens Aquaculture Center of Excellence
Mindful that fish farming has the potential to help meet an expanding population's need for protein in a world with increasing water constraints, Pentair announced…
Scorpio Tankers' Buyback Plan, Newbuild Delivery
Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and (iii)…
Hiab to Launch the New Z-series Crane
Hiab launched the HIAB Z-HiPro 191 and HIAB Z-PRO 171 crane. Part of the new HIAB Z-series, the cranes feature the ability to be folded into a Z position and parked…
Great Barrier Reef Kept Off UNESCO 'Danger' List
A heritage committee of the UNESCO cultural agency stopped short of placing Australia's Great Barrier Reef on an "in danger" list, but the ruling on Friday raised long-term concerns about its future.
World Refugee Crisis to Worsen with Climate Change
A historic 52 million people are fleeing conflict worldwide, a trend that will intensify over the next two decades because of climate change, International Rescue…
EXG Wins CII SCALE Award
Express Global Logistics Pvt Ltd (EXG) won the Supply Chain and Logistics Excellence (SCALE) Award 2015 organized by CII (Confederation of Indian Industry). EXG…
Unicom Selects the Ecochlor BWTS for 10 Tankers
Ecochlor, Inc. announced that Unicom Management Services (Cyprus) Ltd. (Unicom), acting for SCF Group, signed a 10-vessel agreement for the Ecochlor Ballast Water Treatment System (BWTS) in Limassol…
Wage Row Between Argentine Crushers, Companies Reaches Crunch Point
Pressure grew on Friday for a resolution to wage talks between exporters and striking crushers in Argentina's Rosario grains hub, with another powerful union threatening…
Kongsberg Contracted to Support FLNG Conversion
Keppel Shipyard in Singapore and Black & Veatch in the U.S. have awarded Kongsberg Maritime an order for the delivery of an electrical package and safety and automation system for Golar LNG’s conversion of the ex-LNG Carrier Golar Hilli to an FLNG (Floating Liquefied Natural Gas production unit). Kongsberg Maritime’s technology will be the backbone of the Integrated Control and Safety System (ICSS) for the new FLNG.
Statoil Awarded Licenses Offshore Nicaragua
Statoil informs it was today awarded four licenses offshore the Nicaraguan Pacific, covering an area of about 16,000 km2 in the largely unexplored Sandino Basin. Statoil will be the operator with 85 percent equity with the Empresa Nicaraguense del Petroleo (Petronic) participating with the remaining equity. Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere…
Crowley to Manage 4 Jones Act Ships for Pasha
Crowley Maritime Corp.’s ship management group has been awarded a new contract with Sunrise Operations LLC, a subsidiary of The Pasha Group, of San Rafael, Calif., for the operation, crewing and maintenance of four Jones Act ships operating between the U.S. West Coast and Hawaii. The news follows the recent announcement that Pasha Hawaii, a wholly owned subsidiary of The Pasha Group, a family-owned global logistics company…
Matson Completes Horizon Lines Acquisition
Matson, Inc. has completed the acquisition of Horizon Lines, Inc. which includes Horizon's Alaska operations and the assumption of all non-Hawaii business liabilities. Separately and immediately preceding the completion of the transaction, Horizon completed the sale of its Hawaii trade lane assets and liabilities to The Pasha Group for $141.5 million. Matson acquired the stock of Horizon for $0.72 per fully diluted common share…
US Oil Contango Vanishing as Supply Glut Shifts Abroad
The U.S. oil market is on the brink of returning to a more bullish footing known as backwardation for the first time in six months, with the discount for prompt…
