US Weekly Oil Rig Count Decline Slows
The fall in the U.S. oil rig count slowed this week, data showed on Friday, suggesting the collapse in drilling may be coming to an end as prices recover after falling 60 percent from June to March.
US Says China's Activity in South China Sea Won't Help Peace
The U.S. State Department said on Friday that China's activities building on reclaimed land in the South China Sea do not contribute to peace in the region, regardless of how the facilities are used.
Vale Debt Rating Cut On Iron Ore Price Drop
Brazilian mining company Vale SA was downgraded late on Thursday by the Standard & Poor's credit-rating agency over concern that a drop in iron ore prices will erode…
Savannah, Ga. Opposes Offshore Drilling
The city council of Savannah, Georgia on April 30 unanimously approved a resolution opposing offshore seismic testing and oil drilling activities, the Savannah Morning News reported. The city’s opposition comes as the U.S. Bureau of Ocean Energy Management (BOEM) is trying to open the mid and south Atlantic coastal areas to exploration and development of offshore drilling as part of the Obama Administration’s…
Indonesia Pledges Support for Ferry Safety
The Indonesian Minister for Transportation Ignasius Jonan, visited the International Maritime Organization (IMO) April 28, confirming his country’s support for the IMO’s initiative to establish global safety standards for domestic ferries. This follows the adoption in Manila, Philippines, last week of guidelines to address the topic. The minister also told IMO Secretary-General Koji Sekimizu of his country’s plans to expand and modernize its maritime sector…
Shipbuilder HII Declares Quarterly Dividend
U.S. shipbuilder Huntington Ingalls Industries (HII) announced today that its board of directors has declared a quarterly cash dividend of $0.40 per share, payable on June 12, 2015, to shareholders of record as of the close of business on May 29, 2015.
US Navy Ships Arrive in Busan
U.S. Navy sailors from the Arleigh Burke-class guided-missile destroyers USS Preble (DDG 88) and USS Fitzgerald (DDG 62) along with the Los Angeles-class fast-attack…
Baltic Index Down on Lower Rates for Panamax, Smaller Vessels
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday, pulled down by a fall in rates for panamax and smaller vessels.
Vessel Draft Restrictions Lifted at Oregon Inlet, NC
The U.S. Coast Guard (USCG) informed it has lifted restrictions and enforcement of the regulated navigation area Thursday at Oregon Inlet between Bodie and Pea Islands.
Onomichi Marine Tech Center to Be Established
Eco Marine Power (EMP) in cooperation with its strategic partner, Teramoto Iron Works Co. Ltd., have agreed to establish a development and test facility in Onomichi, Hiroshima, focused on marine technologies for the shipping and offshore industries. The new facility, to be known as the Onomichi Marine-Tech Test Center or Onomichi MTTC, will be co-located at the Teramoto Iron Works Chojahara Workshop.
ACR Electronics Acquires Ocean Signal
ACR Electronics, Inc., a Drew Marine company, announced its acquisition of Ocean Signal, Ltd. “Ocean Signal has pioneered a number of innovations in marine safety,” said Gerry Angeli, President of ACR Electronics. “Their ability to create a strong brand in a short period of time is a testament to their product design, quality and understanding of the market. The combination of the ACR and Ocean Signal brands bolster the product lines for the marine marketplace.
Meijer Appointed CEO of Huisman
Huisman announced that André Meijer is appointed as CEO, effective August 1, 2015. This appointment follows the decision of Joop Roodenburg to step down as the company’s CEO this year to the CTO position. From his new position as CTO, Roodenburg will remain a member of the board and will now be able to fully focus on technical innovation for the company’s various product groups, Huisman said. Furthermore…
Shipping Industry Faces Ballast Water Dilemma
The Round Table (RT) of International Shipping Organizations (comprising BIMCO, the International Chamber of Shipping, Intercargo and INTERTANKO) said it is concerned…
Feds Indict LA Port Police Chief
The chief of police for the port of Los Angeles was indicted on federal corruption charges involving a program to help citizens report criminal activity at the port, the U.S.
Cyclone Threat Closes Australian LNG Port
SYDNEY, May 1 (Reuters) - An Australian port used by Chevron for liquefied natural gas exports has been forced to close by a cyclone off the country's west coast.
ICTSI Subic unit shop Reduces Port Users Time
International Container Terminal Services, Inc.’s (ICTSI) Subic Bay Freeport unit, Subic Bay International Terminal Corp. (SBITC), in partnership with the Subic…
USN Announces 2015 Young Investigators
It's a career-defining moment for 36 college and university faculty April 30, as the Department of the Navy announces the recipients of its 2015 Young Investigator Program…
Gazprom Building up Resource Base
In 2014 Gazprom Group (excluding Gazprom Neft) performed exploratory drilling of above 125,000 m of rocks, constructed 32 prospecting and exploratory (7 and 25 accordingly) wells.
Tropical Cyclone nears Dampier Port
According to the Australian Bureau of Meteorology's update at 0600 hours local time today (30 April), Severe Tropical Cyclone Quang has just reached category 4 intensity.
Simrad HALO Pulse Compression Radar launched
Navico Commercial Marine Division today launched the Simrad HALO Pulse Compression Radar, the world’s most affordable solid-state, open-array radar system with pulse…
