New British Marine Brand Launched
British Marine has today unveiled its strong new identity that stands out within the context of modern brands in the marine sector, providing a solid focal pointā¦
Samsung Bags $4.7bn Order for 3 FLNG from Shell Gas
South Korean shipbuilder Samsung Heavy Industries Co. as won a 5.2 trillion won (US$4.7 billion) order to build three floating liquefied natural gas (FLNG) facilities, reports Yonhap.
FLEX Acquires LNG Assets from EXMAR
Nicolas Saverys-led Exmar has agreed to integrate its LNG assets and infrastructure with those of John Fredriksenās Geveran and Flex LNG under a new USD 2.3 billion company ā Exmar LNG Ltd.
Cargoship Disabled and Grounded in Dardanelles
General cargo vessel Ibrahim Konan (7,618 dwt, built 2008) today (July 1) suffered rudder failure and ran aground in Dardanelles in front of Eceabat in Turkey, while transiting in southern direction.
COSCO Receives Fund for Fleet Renewal
China COSCO Holdings Co Ltd says it has received ship scrapping subsidies for about 3.96 billion yuan ($638.71 million). It came through China Ocean Shipping, theā¦
China Says Indian Ocean Not Backyard of India
The perception that Indian Ocean is India's "backyard" may result in clashes, Chinese military officials and experts have cautioned. The Indian Ocean cannot be aā¦
EU Funds Port Move
The Port of Cork has received almost EUR13 million in EU funds for the Euro100 million redevelopment of Ringaskiddy, as part of plans to modernize the port. Theā¦
Esben Poulsson, New President for Singapore Shipping Association
The Singapore Shipping Association (SSA) has named Asian shipping veteran Esben Poulsson as its new president, succeeding Evergreenās Patrick Phoon. āI am honoredā¦
Team Tankers Appoints Hans Feringa as President and CEO
Team Tankers International Ltd has appointed Hans Feringa as new President and CEO. Feringa is the former President of Stolt Tankers, a division of Stolt-Nielsen Limited.
Monopiles Terminal to Be Built in Rotterdam
Sif Group, Verbrugge International and the Port of Rotterdam Authority have signed an agreement in principle for the construction of a production and storage/handling terminal in Rotterdam. Sif Group and Verbrugge are planning to set up a joint venture to bring the storage and logistics of the foundations, so-called monopiles, under one roof. At the terminal, which covers around 42 hectares, Sif Group will produce steel foundations for offshore wind farms and the oil and gas industry.
Motion Compensation Solution for Solan Field
Motion compensated access solutions developer Ampelmann informs it will provide one of its offshore access solutions to enable āwalk to workā for a commissioning campaign on Premier Oilās Solan field, West of Shetland. The Ampelmann system enables the safe and effective transfer of the workforce in one of the worldās most challenging offshore locations. To meet the demands of working offshore West of Shetlandā¦
Dittmann Named Chairman of SEA Europe
Kjeld Dittmann, the Managing Director of Lyngsø Marine A/S, is the new Chairman of the European Ships and Maritime Equipment Association (SEA Europe). He succeeds Govert Hamers, CEO of Vanderlande Industries in the Netherlands, who has completed his term as Chairman. The announcement was made at the SEA Europe Annual General Meeting in Istanbul on June 26 hosted by the Turkish Association of Ship Industrialists (full member of SEA Europe).
Sanamar Launches 3 Tugs from New Yard
Sanmarās new custom-built, general purpose shipyard at Altinova, Turkey, has launched three 60-metric-ton bollard pull tugs on the same day, less than five months since work first started at the yard. The trio of Bogacay Class tugs, designed by Robert Allan Ltd. exclusively for Sanmar, measure 24.4m x 11.25m and are the 12th, 13th and 14th of this ASD model equipped with Caterpillar engines driving Rolls-Royce Z-drives. Two different customers are involved.
US Issues Potential Setback to Shell's Arctic Drilling
The Obama administration issued a potential setback to Royal Dutch Shell's Arctic oil exploration plans on Tuesday, telling the company that established wildlifeā¦
DryShips Sells Six Aframax Tankers
Dry bulk and petroleum cargo shipper DryShips Inc., through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore contract drilling oil services, announcedā¦
Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court
A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday. The 5th U.S. Circuit Court of Appeals in New Orleans agreed with a lower court judge's decision last June to throw out the defendant Kurt Mix's December 2013 conviction. U.S. District Judge Stanwood Duval acted after learning thatā¦
Shipping Confidence at 7-year Low -Survey
Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Respondents complained predominantly about low freight rates and overtonnaging, while some expressed continuing doubts about private equity funding.
Teekay Sells FPSO, Announces Dividend Boost
Teekay Corporation announced today that its board of directors has declared a cash dividend on its common stock of $0.55 per share for the quarter ended June 30, 2015, an increase of approximately 75 percent over the previous cash dividend of $0.31625 per share. The cash dividend is payable on July 31, 2015 to all shareholders of record as at July 17, 2015. Teekay also announced today that it will complete the sale of the Petrojarl Knarr (Knarr) floating productionā¦
Huge Yacht Carrier Headed for South Pacific
New policies making it easier for foreign-flagged vessels to explore the coastlines of Australia have lead DYT Yacht Transport (DYT) to schedule its largest semi-submersible yacht carrier, the 686-foot (209-metre) Yacht Express, to deliver yachts to the South Pacific. The trip coordinates with the end of the Mediterranean charter season, starting in Genoa (Italy) in November to accommodate private luxury yachts and charter vessels departing from the Mediterranean Sea.
Pirates and Hold-ups: Crime Strikes Venezuela's Oil Industry
When night falls over western Venezuela, armed gangs known as "pirates" sometimes ride boats into muggy Lake Maracaibo to steal equipment from oil wells. In the country's Paraguana peninsulaā¦
