Making Data a Priority is Key
During a conference in Oslo, KVH CEO Martin Kits van Heyningen urged maritime operators to utilize big data in order to remain competitive. The future competitiveness…
ADM Joint Venture Acquires Brazilian Shipping Agency
Archer Daniels Midland Company (ADM) and Norton Lilly International announced that their steamship agency joint venture, Agri Port Services LLC, has acquired Brazilian…
Keppel Unit Inks Seabed Exploration Contract
A subsidiary of Singaporean conglomerate Keppel Corp Ltd said it signed a 15-year contract with the International Seabed Authority to search the ocean for scarce minerals.
Russia to Cut Pipeline Oil Exports, Oil Transit
Russia plans to cut oil exports by pipeline and oil transit by 0.6 percent to 52.5 million tonnes in the third quarter, quarter-on-quarter, trade sources citing a loading schedule said on Tuesday. The sources, who spoke on condition of anonymity, told Reuters oil exports and transit via the Baltic Sea port of Primorsk were seen rising to 12.4 million tonnes from 12.1 million in the second quarter. Those through the Ust-Luga port were seen falling to 6.6 million tonnes from 7 million.
North Sea Job Losses Raise Skills and Safety Concerns
Cost-cutting in Britain's North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised. A plunge in crude prices over the last 12 months has prompted oil majors such as Royal Dutch Shell, BP , Chevron and ConocoPhillips to lay off hundreds of workers. Oil field services groups such as Amec Foster Wheeler , Wood Group and Petrofac are also in consultation with employees over job cuts.
China Says About to Finish Some Land Reclamation in South China Sea
China will soon complete some of its land reclamation on the Spratly islands in the disputed South China Sea, the Foreign Ministry said on Tuesday, indicating that…
Gazprom Not Considering Gas Pipe to Japan
Russian gas producer Gazprom is not considering building a gas pipeline to Japan because of ecological reasons, the firm's deputy CEO, Alexander Medvedev, said on Tuesday.
Marine Fuel Price Slump Set to Deepen
Marine fuel prices are set to fall further after plunging to their lowest since late 2013, with traders in Singapore, the world's largest ship refuelling hub, saying…
Kearsarge, 26th MEU Begin ARG Exercise
Sailors from the Kearsarge Amphibious Ready Group (KSGARG) and Marines assigned to the 26th Marine Expeditionary Unit (MEU) kicked off the KSGARG/MEU Exercise (ARGMEUEX)…
Oz, NZ ships Seize $700 mi in Narcotics
Maritime security operations by Australian and New Zealand frigates operating in the Middle East region during the past six weeks have seized almost a tonne of narcotics…
Ocean Mineral Singapore Contract for Seabed Exploration
Ocean Mineral Singapore Pte Ltd (OMS) has entered into a 15-year exploration contract for polymetallic nodules at a site within the Clarion-Clipperton Fracture Zone…
DNV GL's P&A Guideline Could Save O&G $ 32 bln
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be USD108bn (NOK1870bn) over the next 40 years. Now a new DNV GL guideline will introduce a risk-based approach instead of the current prescriptive practice. DNV GL estimates that when combined with optimized project execution and new technology, the P&A cost can be reduced by 30-50%.
Using Key Data to Remain Competitive
The future competitiveness of the maritime industry will be affected by how rapidly shipping operators take advantage of big data, according to one of the world’s…
IMO Adopts Regulations for Ships Using LNG
United Nations' International Maritime Organization (IMO) adopted globally binding regulations for ships using liquefied natural gas (LNG) as fuel. The IMO has just…
MSC's ECSA Service to the US & Mexican Gul
Mediterranean Shipping Company announced improvements to its MSC’s East Coast South America (ECSA) service to and from the US & Mexican Gulf, effective from the first week of July.
HAL’s ms Noordam Rescues 41 in Glacier Bay, Alaska
While in the vicinity of Jaw Point at Glacier Bay, Alaska, Holland America Line’s ms Noordam assisted 41 persons on a disabled sightseeing boat Wednesday, June 10.
Cargotec Bags Daewoo's Deck Machinery Order
MacGregor, part of Cargotec, has signed a major contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea to supply a range of Hatlapa deck machinery for ten 172…
Cyprus Transport Ministry to call for tenders for Limassol Port
The government of Cyprus has changed the legal framework of the Cyprus Ports Authority (CPA), which will allow commercial operations at Limassol port to be privatised.
Arctic Drilling Protest Get Star Power from Jane Fonda and Rachel McAdams
Actors Jane Fonda and Rachel McAdams added their star power to protest against Shell’s plan to drill for oil in the Arctic. Both are opposed to Shell drilling in the Arctic.
Capital Product Partners Tankers get Contracts
Capital Product Partners (CPP) has taken delivery of a new panamax containership, which will commence a five-year timecharter to CMA CGM. It also has won a timecharter from Cargill…
