BHP: GoM Mad Dog Project Viable with sub-$50 Oil
BHP Billiton said the second phase of its Mad Dog offshore joint venture with BP in the Gulf of Mexico was economical at oil prices below $50 per barrel. Originally slated for development in 2013…
Typhoon Chaba Disrupts South Korean Port Ops
Typhoon Chaba battered southern parts of South Korea with violent wind and heavy rain on Wednesday, killing at least three people and flooding the country's main…
Nearly 11,000 Migrants Rescued in Last 48 hours off Libya
Many bodies found in the hold of one ship. More than 4,650 migrants were saved on Tuesday off the Libyan coast and 28 bodies recovered, bringing the total number…
Iran: Saudi Navy Should Avoid Iranian Waters
Iran's powerful Revolutionary Guards (IRGC) warned Saudi naval vessels taking part in military exercises in the Gulf on Wednesday not to get close to Iranian waters.
New Japanese Coal Carrier Enters Service
A new coal carrier Noshiro Maru was delivered on September 30 at Oshima Shipbuilding Co. Ltd. in Saikai city, Nagasaki prefecture. A delivery and naming ceremony…
40 Years Protecting the Mediterranean
International Maritime Organization (IMO) joined celebrations marking four decades of cooperation in the Mediterranean to prevent and combat marine pollution from…
India Approves $77.4 Mln for Sagar Port Project
Indian Government has given in principle approval to a grant of Rs. 515 crores ($77.4 Mln ) to make the development of the proposed Sagar Port project in West Bengal financially viable.
Singapore Plans to Shape Bunkering for World's Future
Maritime and Port Authority of Singapore (MPA) introduced several new initiatives at SIBCON as part of Singapore’s continued efforts to enhance bunkering processes…
Top 5 Carriers to Dominate Container Shipping, Says Drewry
If both APL and UASC are included within their new parents, the top five ocean carriers now control approximately 54 percent of the world’s containership fleet, says Drewry.
North Korea Builds Largest Missile Submarine Yet
Satellite footage suggests that the North Korean regime of Kim Jong-Un has begun development of a massive new submarine capable of launching ballistic missiles further potentially threatening the US…
BP Pact with Eni to Buy Gas from New Mozambique Field
BP and the Area 4 concession partners, Eni East Africa (EEA), Galp Energia (Galp), Kogas and Empresa Nactional de Hidrocarbonetos (ENH), have entered into a sales…
CGB to Invest $30 mln in Indiana Port
Consolidated Grain and Barge Co. (CGB) announced plans today to expand its operations at the Port of Indiana-Mount Vernon, investing more than $31 million to increase…
New Zealand Navy Orders Polar-class Support Tanker
A new polar-class logistic support tanker for the Royal New Zealand Navy (RNZN) will be the first naval vessel to feature the Rolls-Royce Environship design with wave piercing bow. The new vessel, which will replace the 30-year-old HMNZS Endeavor, will be significantly larger than its predecessor. The 23,000-metric-ton tanker will carry out operations in extreme Antarctic conditions and is strengthened and winterized to Polar code 6 requirements.
UAE Calls Houthi Ship Attack an Act of Terrorism
The United Arab Emirates said on Wednesday Yemeni Houthi forces had attacked a UAE civilian vessel in a strategic Red Sea shipping lane off the coast of Yemen at…
Port Canaveral Evacuated Ahead of Hurricane Matthew
With forecasts indicating severe weather conditions related to Hurricane Matthew, Port Canaveral CEO John Murray today issued an evacuation order for landside operations, including Jetty Park campers, marinas and all port businesses and tenants. The evacuation deadline is set for noon on Wednesday. In addition to the landside evacuation, the U.S. Coast Guard has given notice that the Canaveral harbor will close by tomorrow afternoon.
Navig8 Cancels Five Newbuildings at STX
Navig8 Chemical Tankers Inc. announced that it has cancelled contracts to construct five IMO2 49,000 DWT Interline-coated medium range tankers at STX Offshore & Shipbuilding Co., Ltd.
Maritime Cook Islands Focuses on Next Generation on World Maritime Day
Maritime Cook Islands (“MCI”) joined the international maritime community in a celebration of World Maritime Day 2016 on September 29. The theme for 2016 is “Shipping: indispensable to the world”…
Boskalis JVs Order two LNG Dual-fuel Harbor Tugs
Royal Boskalis Westminster (Boskalis) joint ventures Keppel Smit Towage and Maju Maritime have ordered two innovative LNG dual-fuel harbor tugs, which marks a breakthrough…
Euronav Inks Two Charter Deals
Euronav NV announces that it has signed two long-term time charter contracts of seven years each with Valero Energy Inc. for Suezmax vessels with specialised Ice Class 1C capability starting in 2018.
Definitive Study On The Impact Of Global Sulphur Regulations
Marine Energy Consulting Ltd. (MECL) and 20|20 Marine Energy, two leading consultancies in this field, today announced that they will collaborate to produce a comprehensive…
