CSD, Cosco JV to Buy Vale's Bulk Carriers
China Shipping Development (CSD) and Cosco have established a joint venture (JV), China Ore Shipping Pte., in Singapore to purchase four 400,000 dwt ore carriers from Vale and operate them.
China Denies Kra Canal Deal
China has denied it is involved in work on the Kra canal, defusing hype over a project that purportedly lets ships bypass the Strait of Malacca and Singapore's port, reports Strait Times.
Petronet LNG appoints new chairman
India’s largest importer of the chilled gas Petronet LNG has appointed Kapil Dev Tripathi, Secretary, Ministry of Petroleum and Natural gas as Chairman and Director on the Board of the company.
Joe Tofalo to Lead US Submarine Force
Rear Adm. Joe Tofalo will take command of Submarine Forces, a post that comes with a third star and oversees the submarine force's manning, gear and training. Secretary…
British Columbia Signs LNG Deal with Petronas
B.C. Premier Christy Clark has announced an agreement in principle with Pacific NorthWest LNG, owned in majority by Malaysia's Petronas, for a liquefied natural…
Indonesia Sinks Boats from China
According to The China People's Daily, Indonesia has just sank a large Chinese vessel and 40 other foreign ships caught fishing in The South China Sea. The Jakarta…
Global Warming Slowdown Tracked to Indian Ocean
Global surface warming has slowed since the start of the twenty-first century, while Pacific heat uptake was enhanced. Analyses of ocean heat content suggest that…
Trelleborg Provides Floatover Tech to Project in West Africa
Trelleborg’s engineered products operation has completed its supply of floatover equipment for Phase 3 of the DSO Escravos Gas Project; the operation’s first floatover in West Africa. Contracted by Hyundai Heavy Industries (HHI), Trelleborg provided Leg Mating Unit (LMU) pads for the floatover process, as well as surge fenders, shock pads and rubstrips to constitute the project’s boat landing systems.
Fisherman Medevaced Off US West Coast
A fisherman who had reportedly lost consciousness and was suffering from chest pain was medevaced by a U.S. Coast Guard (USCG) helicopter crew 30 miles west of Crescent City, California, Tuesday. An MH-65 Dolphin helicopter crew from Coast Guard Air Station North Bend, Oregon, hoisted the man and transferred him to awaiting EMS at Crescent City Airport. A video is available here. USCg Pacific Area command center watchstanders in Alameda…
Statoil Completes Gudrun Leak Investigation
A condensate leak occurred on the Gudrun platform in the North Sea on February 18, 2015. The incident has been investigated by Statoil’s corporate investigation team which classifies it to be of the highest degree of seriousness. On the morning of February 18, noise and vibrations were reported on Gudrun, and shortly afterwards hydrocarbons were confirmed in the process module. There was a 2 mm wide crack extending approximately 90 percent across the circumference of a two-inch pipeline.
Fire Aboard Fugro Vessel
Fugro confirmed there was a fire onboard its ROV support vessel Fugro Symphony around 2:30 a.m. this morning. The 2011-built vessel was docked at Peterhead Harbor in the U.K. at the time of the incident. The fire was contained in a small area of the vessel and extinguished in the presence of emergency services personnel. No injuries were reported. All nonessential personnel onboard were immediately evacuated as a precaution…
Danelec to Lead Working Group in EU’s EfficienSea2
Danish marine electronics company Danelec Marine informs it will oversee a working group in the European Union (EU) EfficienSea2 maritime innovation project designed…
Expanded World Maritime University Campus Inaugurated
Expanded premises for the World Maritime University (WMU) were inaugurated on Monday, May 19, 2015 in Malmö, Sweden, by IMO Secretary-General and WMU Chancellor Koji Sekimizu. WMU is an international educational institute for the maritime community, operating under the auspices of IMO. At close to 6,000m2, WMU’s new facility is nearly double the size of the previous Malmö campus. It provides a new auditorium…
SC Ports Box Volumes Up Nearly 15%
South Carolina Ports Authority (SCPA) informs it has handled nearly 15 percent more pier containers fiscal year to date than the same period last year, with total box volume through April climbing to nearly 900,000 containers. SCPA handled 96,166 pier containers in April, compared to 86,505 boxes moved during the same month last year. The port plans to handle more than 1 million containers by the completion of its fiscal year on June 30.
Dolphin die-off Spurred by BP Oil Spill
A record dolphin die-off in the northern Gulf of Mexico was caused by the largest oil spill in U.S. history, researchers said on Wednesday, citing a new study that found many of the dolphins died with rare lesions linked to petroleum exposure. Scientists said the study of dead dolphins tissue rounded out the research into a spike of dolphin deaths in the region affected by BP Plc's oil spill that was caused by the 2010 Deepwater Horizon oil rig explosion.
Seattle, Tacoma Container Volumes Stable in April
Puget Sound container volumes stabilized in April, growing 1 percent year to date to 1,106,384 TEUs. The moderate volumes reflect the return of normal operations at the ports of Seattle and Tacoma, as the ports finished clearing the backlog of cargo that built up during contract negotiations between the West Coast labor union and employers. Containerized exports grew 3 percent year to date to 394,118 TEUs, while imports improved 1 percent to 456,068 TEUs.
KSA Donates $50,000 to World Maritime University
Yesterday in Malmö, Sweden, the Korean Shipowners’ Association (KSA) made a donation of $50,000 to the World Maritime University. The donation was handed over by KSA chairman, Youn-jae Lee, at a ceremony attended by Cleopatra Doumibia-Henry (president designate of WMU) and Neil Bellefontaine (current president). WMU moved into Malmö city earlier this month and KSA’s donation will be used to furbish the university’s cafeteria which has now been named KSA Hall.
USACE Soo Lock Bulkheads Delivered
Moran Iron Works, Inc. (MIW) was contracted to fabricate, galvanize and deliver two bulkheads for the U.S. Army Corps of Engineers (USACE), Detroit District for installation in the Soo Lock Complex located in Sault Sainte Marine, Michigan. The bulkheads are used when dewatering the locks to enable a safe work environment for maintenance and repairs to be performed during the annual lock closure each winter.
How Do You Lose 100 Million Barrels of Oil?
Oil-market watchers are struggling to reconcile the large estimated oversupply in the market with the much smaller buildup of reported inventories and narrowing contango in futures prices.
Italy Gives Final Go Ahead for TAP Gas Pipeline Build
Italy signed a decree on Wednesday authorising the construction of the Trans Adriatic Pipeline (TAP) that will carry gas from Azerbaijan to Europe, the Industry Ministry said.
