Scorpio Bulkers Charters Out Newbuild Bulker
Dry bulk marine transport provider Scorpio Bulkers Inc. announced today that it has agreed to time charter-out the SBI Montesino, a Capesize vessel that is currently…
Polarcus Divests from Select Projects in Europe, Africa
Polarcus Limited announced it has signed a Letter of Intent (LOI) with TGS-NOPEC Geophysical Company ASA (TGS) for the sale of its multi-client projects in Northwest Europe and West Africa (MC Projects) in return for a cash consideration of $27.5 million and future revenue share on library late sales. The agreement includes an upfront cash payment, a tiered revenue share from future sales of the divested…
Missing Divers Found in Gulf of Mexico
U.S. Two overdue divers offshore from San Jose Island, Texas, were rescued by a U.S. Coast Guard (USCG) helicopter crew Saturday afternoon. The two San Antonio men, Dennis Garrett and Robert Holms, were diving approximately 16 miles off the shoreline of San Jose Island at approximately 10 a.m. when they became noticeably overdue, leading the captain of the dive boat Reel Excursions to contact the USCG…
ContainerTug B.V. Releases Two New Models
Young Dutch ship design, engineering and construction company ContainerTug B.V. follows on the introduction of the ContainerTug 600S early last year with the release of two new containerized workboat models, the Containerbarge 1200D and the ContainerBarge 1200P. Both models include the company’s standard feature: they can be transported as a standard 40 foot container. The Containerbarge 1200D concerns…
Baltic Exchange Eyes Move into Commodities
Baltex reaches breakeven level since start of 2015; Baltic previously faced broker opposition over platform. London's Baltic Exchange is studying a potential foray…
Woman Airlifted offshore Palm Beach Gardens, Florida
A rescue helicopter crew from Coast Guard Air Station Miami medically evacuated a woman 98 nautical miles northeast of Palm Beach Gardens, Florida, Sunday. Watchstanders…
ICS: U.S. Approach to LNG 'Protectionist'
According to the Internatinal Chamber of Shipping, the United States Congress signaled last week its intention to approve major free trade deals with Asia and Europe.
Wave Power Unit for Victorian Waters
BioPower Systems Pty Ltd (BioPower) has finished constructing its prototype wave power unit to be installed off the coast of Port Fairy, Victoria, later this year.
Australian Navy Awards In-service Support Contract
The Australian Government informs it has awarded a $60.6 million in-service support contract for maintenance of the Bay-Class Landing Ship Dock, HMAS Choules, over the next two years.
Cruise Ship Collides with Tanker off Gallipoli
A Celestyal Cruises ship suffered structural damage to its bow and was forced to dock at Turkey’s port of Gallipoli after it collided with the Marshal Islands-flagged…
WOC Provides Industry Comments on U.S. NOP
The World Ocean Council (WOC) has submitted a paper synthesizing the common themes from industry comments on the U.S. National Ocean Policy (NOP). Initiated in 2010…
Sevan Marine Investigates Petrobras Corruption Case
Norway's Offshore drilling firm Sevan Marine ASA has appointed law firm Selmer to investigate claims by Brazilian media that a former manager and agent of Sevan…
TGS to Acquire Polarcus' Multi-Client Library
Polarcus Limited has signed a Letter of Intent (LOI) with TGS-NOPEC Geophysical Company for the sale of its multi-client projects in Northwest Europe and West Africa…
Northern Offshore acquired by Shandong Offshore
Offshore oil and gas drilling firm Northern Offshore Ltd. has reached agreement on the terms of a recommended $165m cash acquisition by Shandong Offshore International Company Limited.
China's State Audit Uncovers Misdeeds in Cosco
Intensifying crackdown on corruption China’s National Audit Office released an audit report for state-run shipping conglomerate Cosco Group in which it has uncovered…
Brand New Ro-Ro Ran Aground in Norway
Ro-ro cargo vessel Kvitbjørn ran aground off Ulsteinvik port, Norway, in the afternoon June 28, while approaching the port. The vessel, owned by Norway-based Nor Lines…
Dalian Shipbuilding Wins Cosco Order for 7 Ships
Dalian Shipbuilding Industry Corporation (DSIC) has announced an order win for two 319,000 dwt VLCCs and five 72,000 dwt product tankers from Cosco Dalian, the tanker…
Statoil Cancels Rig Contract, COSL Cuts Jobs
COSL Drilling Europe is reportedly being forced to make 229 rig staff redundant as a result of Statoil’s decision to cancel the charter for semi-submersible unit COSL Pioneer.
Cheniere’s Maiden LNG Spot Deal At $7.20/MMBtu
Cheniere concluded its maiden LNG spot trade earlier this week at for late-July delivery to an Asian buyer, reports Platts quoting a source with direct knowledge of the deal.
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