Panama Canal Plans LNG Terminal
The Panama Canal Authority (ACP), which administers the canal, is looking at building a Liquefied Natural Gas (LNG) import terminal near the Canal. The ACP has been…
Greece's Creditors Take Aim at Shipowners
Greece's international lenders are asking the debt-laden country to hike vessel tax, according to a report in the Financial Times. The shipping sector is a vital generator of income for Greece.
Robert Goodwill Hails Port of Tyne
UK's Ports and Shipping Minister Robert Goodwill said that the Port of Tyne is a model of innovation and a major contributor to both the local and national economy.
China Shipping Service to Moldova
China Shipping Group has launched container shipping services in Moldova, becoming thus the second foreign companies to have the operation in the country's only port of Giurgiulesti.
Exxon, BP Defer Canadian Arctic Drilling
As Imperial Oil, as senior partner in the northern venture with ExxonMobil and BP, told Canada’s National Energy Board (NEB) that the exploration program has been deferred…
Fed's Green Signal for Port Everglades Expansion
Port Everglades received key federal clearance to begin the next phase of deepening and widening its channels. The port now can seek Congressional funding for a…
Klein Systems Now Saab Technologies
As of June 26, 2015, Klein Systems Group Ltd. has changed its name to Saab Technologies Ltd. Klein Systems has been a wholly owned subsidiary of Saab AB since 2012. Saab is a $3.5 billion company serving the global market with world-leading products, services and solutions from military defense to civil security. Being part of the Saab organization has given Klein access to Saab’s financial strength and international resources.
Twin Disc Elects Knutson CFO, Treasurer
The board of directors of Twin Disc, Inc. has elected Jeffrey S. Knutson to the position of chief financial officer and treasurer effective June 22, 2015 in addition…
Barge Captain Gets Prison Time for Fatal Explosion
An Illinois man who was captain of a petroleum barge that exploded in a Chicago canal in 2005, killing a crew member, was sentenced to six months in prison on Friday, prosecutors said.
Maersk Oil Targets North Sea Lead
Maersk Oil says there is still huge potential value in the North Sea, citing projects like Culzean – which received board approval this month – and Johan Sverdrup, as the Danish oil and gas company aims to improve from its current rank of ninth to become a top-five producer in the region. Maersk Oil informs it is looking for new long-term growth opportunities in the North Sea, investing heavily in projects and improving the efficiency of operations.
Maritime Ireland Comes of Age
Even though the struggle for independence from Britain finally resulted in Ireland being declared “a sovereign, independent, democratic state” in 1937 there was…
Imperial Oil Defers Drilling in Canada's Beaufort Sea
Imperial Oil Ltd said on Friday it is deferring plans to drill an exploratory well in the Beaufort Sea in Canada's Arctic as it seeks an extension to the length…
UK Seeks Maritime Dominance of Yore
“Britannia rules the waves” paid a glowing tribute to the maritime past of the United Kingdom. Over the past three centuries as the sun began to set on the British power, resilient U.K.
A chat with John Murray, Chief Executive, Society of Maritime Industries
The Society of Maritime Industries is the voice of the U.K. maritime engineering sector, and its Chief Executive John Murray is the very public and indelible face of the organization. SMI promotes and supports the interests of organizations with activities and interests in this sector both to its membership and the wider world. In total it is a trade association of more than 150 organizations across the maritime…
Offshore Renewables: The Future is Now
While the recent swoon in world oil and gas prices has predictably cooled a number of offshore renewable projects, there is a palpable change regarding the way in which the world views renewable energy. Renewable energy projects, at one time merely serving as window dressing, are slowly weaving their way into the mainstream energy mix, with European countries, namely the U.K., leading the way. In November world leaders will arrive in Paris to negotiate a new global agreement on climate change…
More than Mega: Diversity Defines the Dredging Industry
The mantra of recent times has been the worldwide trend to ‘mega’. Mega container ships created the need for mega ports which required mega dredging projects. These in turn demand mega dredging vessels. All this is true but disregards another development: the consolidation of the major dredging contractors into larger companies with long-term strategies that have resulted in diversification. Today’s major dredging contractors do more than dredge.
'Corporate Ocean Responsibility'
Recently in its New York City office Maritime Reporter sat with Paul Holthus, CEO of the World Ocean Council, for a discussion of the trend toward corporate ocean responsibility and his organization’s contribution to that end. Can you tell us a bit about your meeting at the United Nations? The U.N. has an annual briefing for governments on ocean issues that has been going for 16 years, but industry hasn’t usually been well represented.
New Marine Pollution Instrument
The Nairobi International Convention on the Removal of Wrecks, which entered into force internationally in April this year, provides another tool in the armory of global treaties adopted by the International Maritime Organization (IMO) which are intended to help prevent pollution from ships and minimize any damage caused. IMO’s Jan De Boer gave a presentation on the “Nairobi Wreck Removal Convention…
MOL Inaugurates Ikeda as President
Mitsui O.S.K. Lines, Ltd. (MOL) inaugurated Junichiro Ikeda as its new president on June 23, 2015. “The world economy continues to expand, and demand for ocean transport is growing steadily.
US Backs Study into Panama Canal LNG Terminal
The U.S. Trade and Development Agency informs it has awarded a grant to the Panama Canal Authority (ACP) to support the planning of a liquefied natural gas (LNG) import terminal.
