Sulzer Takes Measures in the Pumps Equipment Division
Based on the current challenging environment in the oil and gas market, Sulzer decided to take measures to streamline the manufacturing capacities of its Pumps Equipment division.
Strike Likely at Panama Canal's 3rd Set of locks Project
The Panama Canal Authority (ACP) has learned of the National Union of Workers of Construction and Similar Industries (SUNTRACS) notice to strike issued to Grupo Unidos por el Canal (GUPC).
Russia Claims Ownership of the Arctic and North Pole
Russia, led by President Vladimir Putin, has re-submitted its petition to the United Nations claiming exclusive control over 1.2 million square kms (463,000 square miles) of the Arctic sea shelf…
Will COSCO-CSCL Marriage Happen Soon?
The ocean carrier merger - between China’s two state-owned megacarriers, COSCO and CSCL - rumours are back in the news! The beleaguered state behemoths struggling…
China to Dig the Nicaragua Canal With a Change in Layout
The $50 billion project of Hong Kong development company HKND to build an artificial waterway across Nicaragua to go ahead with some modification of the route of…
Brisbane Port Picket over Sacked Workers Continues
A picket of Hutchison ports in Sydney and Brisbane has entered fourth day after the Maritime Workers Union vowed to continue defying a Fair Work order to cease industrial action.
Panama Canal to Limit Cargo on Bigger Ships amid El Nino Drought
The Panama Canal Authority said that next month it will temporarily limit the amount of cargo for larger ships using the waterway because drought has lowered water levels in Gatun and Alhajuela lakes…
UASC Places Order of 3500 Reefer Containers
United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, has ordered another 3,500 reefer containers, after ordering 2…
Moroccan to Acquire Submarine from Moscow
Moroccan King Mohammed VI’s upcoming visit to Moscow by the end of 2015 is expected to conclude negotiations to obtain the country’s first submarine from Russia, says a report in World Tribune.
Iran-Japan Joint LNG Production
Iran's oil minister invited the Japanese delegation to partner in many areas especially Liquid Natural Gas (LNG) output, reports MNA. The delegation of high-level…
Singapore Tanker Found Without Cargo near Indonesia
A ship with 3,500 metric tonnes of marine fuel oil that was reported missing in the Malacca Strait off Malaysia on Saturday, has been found in Indonesian waters without its cargo…
Alberta Investigating Bird Deaths at Oil Sands Site
Alberta's energy regulator said on Saturday it is investigating reports that about 30 blue herons have died at a Syncrude Canada oil sands mine site in the northern part of the Canadian province.
Powerful storm hits Taiwan, six dead
A powerful typhoon battered Taiwan on Saturday with strong wind and torrential rain, cutting power to 3.62 million households as the death toll rose to six. Four…
USCG Commissions National Security Cutter in Boston
The Coast Guard commissioned its newest National Security Cutter, the 418-foot Coast Guard Cutter James, Saturday during a ceremony at Coast Guard Base Boston. "Joshua…
Kobelt Acquires Accu-Steer
Manufacturer of quality hydraulic steering actuators will join Kobelt to expand marine system offerings. Kobelt announced today the acquisition of Accu-Steer Inc.…
U.S. Okays Lockheed Aegis Combat System Sale to Japan
The U.S. State Department has approved the likely sale to Japan of two Lockheed Martin Corp Aegis combat systems valued at $1.5 billion, a deal aimed at boosting…
'Frack now, pay later,' - Top Companies Amid Oil Crash
Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years.
APM Terminals Acquires Reefer Terminal S.p.A.
APM Terminals and GF Group are pleased to announce the acquisition of 100% of Reefer Terminal S.p.A. by APM Terminals has been completed today. Terms and price were not disclosed.
SCCT All Set for Suez Traffic Growth
The Suez Canal Container Terminal, located east of the northern entrance of the Suez Canal, at the convergence of the continents of Africa, Asia and Europe, is preparing…
Dryships Post 2Q Loss
DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its affiliate, Ocean Rig UDW Inc., or Ocean Rig…
