Subsea 7 Bags $150 million Offshore UK Contract Maersk
Offshore contractor Subsea 7 has been awarded a $150 million subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the development of the Culzean field in the UK North Sea.
SMOE Wins $1bln Multi-platform Culzean Contract
Singapore's offshore services provider Sembcorp Marine has won an engineering, procurement and construction (EPC) contract worth over USD1 billion for the Culzean field development project in the North Sea. Sembcorp Marine subsidiary SMOE construction contract will cover the topsides for the central processing facility, wellhead platform and utilities and living quarter platform, and two connecting bridges. The facility will installed in the UK sector of the Central North Sea.
CMES Establishes Subsidiary for Valemax
China Merchants Energy Shipping Co., Ltd (CMES), the dry and wet bulk arm of state conglomerate China Merchants Holdings (International) Company Limited, has set…
Singapore Navy Foils Pirate Attack
The Republic of Singapore Navy ( RSN) disrupted a sea robbery on a tugboat in the eastern approaches of the Singapore Strait, says Ministry of Defence (MINDEF).
India's Oil Exploration near South China Sea Irks China
The state-run China Daily says that India's plans to conduct oil exploration off Vietnam coast in the South China Sea is "illegal and is an "unwise move" that may "sabotage" positive momentum in ties.
USCG Rescues Unconscious Boater
The Coast Guard rescued an individual from a marsh flat in Barataria Waterway located approximately six miles north of Grand Isle, Tuesday. Coast Guard Sector New…
SHIPPINGInsight to Focus on Ship Telematics
The subject of ship telematics will be prominently featured at the upcoming SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, which takes place in Stamford, Conn., Oct. 13-14.
Euronav Acquires $ 750 mi Facility
The Executive Committee of Euronav NV today announced that it has signed a new USD 750 million senior secured amortizing revolving credit facility led by DNB Bank…
Worldwide Launch of Joint CIC
The Maritime Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control has launched a joint Concentrated Inspection Campaign…
Sea Breeze 2015 Kicks off in Odesa
Maritime forces from 11 nations kicked off the U.S.-Ukraine co-hosted multinational exercise Sea Breeze 2015 in Odesa, Ukraine and the Black Sea, Sept. Sea Breeze…
Russian JV Close Acquisition of Prime Shipping
The Russian Joint Venture between Rosneft, Sberbank Investments and Pietro Barbaro S.p.A. closed the acquisition of the Pietro Barbaro Group shipping assets in the…
NewLead's MT Nepheli Update
NewLead Holdings Ltd.announced today a review of the commercial performance of one of its bitumen tanker vessels, the MT Nepheli since the vessel was delivered to NewLead's fleet.
Drilling Down into Risk Management
Afloat or ashore, we cannot eliminate risk, but it can be sensibly managed to a tolerable level. It begins with a hypothetical, but worryingly authentic, tale of…
Latest ShipConstructor Update Targets Offshore
With the release of ShipConstructor 2016 R1.1, SSI said it provides additional enhancement for the offshore rig construction market, particularly with regards to weld management.
Runaway Crane Barge Sinks on the Mississippi
The U.S. Coast Guard is working with a team of responders to recover a runaway crane barge that sunk near Convent on the Mississippi River. The crane barge broke…
Joe Pyne Joins DHT Holdings’ Board of Directors
Crude oil shipper DHT Holdings, Inc. announced today that it has appointed Joseph H. Pyne to its board of directors, expanding the board from three to four independent directors. Erik Lind, Chairman of DHT said, “We are very pleased to have Joe join the DHT board of directors. His commercial and operational experience and longstanding insight into the U.S. Pyne is the Executive Chairman of Kirby Corporation, a U.S.
Nigeria Ramps up Push to Eradicate Oil Theft
Nigerian authorities hope to put an end to rampant oil theft in eight months by increasing drone and naval monitoring of territorial waters and working with local communities…
TEN Charters Tanker at 20% Premium
Greece-based crude, product and LNG tanker operator Tsakos Energy Navigation Limited (TEN) announced today a charter renewal of a handysize product carrier to a…
Huntington Ingalls Cites Interest in Building US Icebreakers
Huntington Ingalls Industries Inc, which builds aircraft carriers and U.S. Navy warships, on Tuesday said it was keen to bid to build new icebreakers for the U.S. Coast Guard, after President Barack Obama pushed for quicker work on the program. The company's Ingalls shipbuilding unit, based in Pascagoula, Miss., built the newest U.S. icebreaker in the U.S. fleet, the USCGC Healy, which was delivered in November 1999.
MN: Foss Maritime Company
Foss Maritime Company is wholly owned by Saltchuk Resources, a privately owned family investment company formed in 1982 and based in the Pacific Northwest. Saltchuk has over $2 billion of assets invested in numerous operating companies in several different business groups, including deep water shipping logistics, ship management, tug and barge operations, fuel distribution and trucking. Foss regularly…
