Stolt-Nielsen, Golar LNG Form Joint Venture
Stolt-Nielsen Limited and Golar LNG Limited have formed a 50/50 joint venture to pursue opportunities in small-scale LNG production and distribution, the companies announced today. Stolt-Nielsen Limited has invested in Golar LNG through open-market purchases, representing an ownership stake of approximately 2.3 percent in the company. Commenting on the investment, Niels G. Stolt-Nielsen, CEO of Stolt-Nielsen Limited…
CA Spill Clean-up Costs to Exceed $60 Million
Clean-up costs associated with a Californian oil pipeline rupture that dumped as much as 2,400 barrels of crude onto a pristine stretch of coastline and into the…
USS Rushmore Aids 65 People Near Indonesia
USS Rushmore (LSD 47) rendered assistance to 65 people on makeshift bamboo rafts in the waters between the Indonesian islands of Kalimantan and Sulawesi June 10.
IRClass Rules for Indian Naval Ships Released
The “Rules and Regulations for Construction and Classification of Indian Naval Combatant Ships”, developed by Indian Register of Shipping were formally released by the Chief of the Naval Staff…
Shelter-in-place lifted, Houston Ship Channel reopened
A shelter-in-place was lifted and the Houston Ship Channel was reopened at 2:08 p.m. Wednesday, after an incident in the upper ship channel that caused the release of as much as 23…
MHI Debuts Non-ozone-depleting Refrigerant
Mitsubishi Heavy Industries, Ltd. (MHI) has developed a new series of centrifugal chillers, dubbed the "ETI-Z Series," adopting a new refrigerant, HFO-1233zd(E)…
Former ST Marine Exec Faces Corruption Charges
On 12 September 2011, Singapore Technologies Engineering Ltd announced that the Corrupt Practices Investigation Bureau (“CPIB”) was investigating certain transactions…
Low Sulphur Fuel Regulation for Cruise Ships at NSW Ports
The Port Authority of New South Wales (NSW) has issued advice about the Consultation Draft of a new regulation requiring cruise ships to use low sulphur diesel fuel…
PSA International Ventures into South-Western China
PSA International (PSA) established itself as the first and only Global Terminal Operator in the Guangxi-Beibu Gulf region by signing a Joint Venture Agreement with…
AMSA Prosecutes Shipping Cos, Masters for Pollution
The Australian Maritime Safety Authority (AMSA) has prosecuted two shipping companies and their masters for two separate marine pollution incidents within the Great Barrier Reef.
MSC to Optimise Capacity on Asia-Europe Network
MSC has announced plans to optimise all of its Asia-Europe services. The changes, which will be implemented progressively over the coming months will include: port combinations…
ReCAAP: Asian Piracy Up in May
Singapore-headquartered anti-piracy watchdog ReCAAP Information Sharing Centre (ReCAAP ISC) posted a 19% increase in the number of reported incidents to 20 cases…
ReCAAP: 80 Piracy Incidents This Year till May
From January 2015 till May 2015, a total of 80 incidents had been reported, comprising 75 actual incidents and five attempted incidents, says Information Sharing Centre (ReCAAP ISC).
Russia, China Hold Joint Naval Exercises
The second stage of Russia-China "Joint Sea 2015" maritime exercises are taking place on June 8-11 in Russia’s Far Eastern Primorsky Territory, according to a statement…
Singapore Tops as Leading Maritime Capital
Norwegian consulting firm Menon has named Singapore as the world's leading maritime city, according to a Menon Business Economics Group survey. Singapore ranks first…
Indonesia, Panama explore maritime cooperation
The governments of Indonesia and Panama have explored cooperation in the field of maritime affairs, reports the Jakarta Post. The cooperation in maritime affairs…
China to be the Top Shipping Nation by 2030
China’s total international shipping volume will reach 6.2bn tons, which will account for 17% of the world’s shipping volume, says 2030 China Shipping Development…
Maritime Services Become More Globalized
Shipping is the premise for international trade and has always been an international industry. A central driver for the global shift has been the operational and…
India's First Indigenous Aircraft Carrier INS Vikrant Undocked
India has undocked its first indigenously-built aircraft carrier INS Vikrant at a simple ceremony at Cochin Shipyard Limited (CSL) in Kochi, reports PTI. As of this week…
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