Company to Pay $9.5 Mln for Actions Leading to US Gulf Explosion
Wood Group PSN Inc., a Nevada corporation headquartered in Houston, was ordered to pay $9.5 million in two separate cases involving its conduct in the Gulf of Mexico.
New Briese Vessels Sport Schottel Propulsion
Briese Group contracted Groot Ship Design to deliver the design and basic engineering package for four multi-purpose vessels. Schottel performed enhanced CFD investigations to determine the optimal aftship configuration incorporating nozzle support and streamline body between rudder and hull. As a result, a streamlined CPP installation will enable a power reduction of 3.7 percent. The vessels feature an open and closed top design for variable cargo purposes.
Philippines Wants 'Clarity' on China Ties Before Allowing S China Sea work
The Philippines is waiting for clarity on its relations with China before lifting a suspension on exploration in disputed areas in the South China Sea, its energy minister said on Monday.
Russian Frigate Heads to Med on Syria Mission
The Russian frigate Admiral Grigorovich left the port of Sevastopol in Crimea on Monday for the Mediterranean where it will join the country's naval forces deployed near the Syrian coast…
Haropa Ports sees double digit maritime trade with India
France-based Haropa port expects maritime trade with India to grow at double digit this calendar year after having reported 7% growth in 2016, said Herve Martel…
Vestdavit mission accomplished on Ramform safety
Seatrials are underway in Japan involving Ramform Hyperion, the last of four ships built to the seismic sector’s all-time highest specifications, completing a project…
Multipurpose vessel Adhémar de Saint-Venant launched
AVIC shipyard in Weihai, China launched Jan De Nul Group’s new multipurpose vessel Adhémar de Saint-Venant. The sister vessel, Daniel Bernoulli, will be launched in March 2017.
$400 bln of unassessed climate risk in shipping
Today, Carbon War Room (CWR) and UMAS released research that suggests climate transition pathways pose risks to the banks that hold $400 billion of global shipping debt.
ISS wins global Hurtigruten contract
Inchcape Shipping Services (ISS), the world’s leading maritime and logistics service provider, has won a global port agency contract with Hurtigruten, a world leader in expedition travel.
MOL, University of Tokyo Graduate School Team up on Project based learning
Mitsui O.S.K. Lines, Ltd. today announced the completion, on Friday, February 10, of this year’s Project Based Learning (“PBL”) program at the University of Tokyo…
Russian flagged vessels in Russia to be managed by V. Group
V.Group has taken its first Russian flagged vessel into full technical management following earlier successful accreditation of the St.Petersburg office from the Russian Register.
Austal HY profit slides
ď‚· Underlying EBIT of $31.2m after excluding arbitration settlement related to 7-year-old claim. ď‚· Earnings growth from US shipyard. Lower throughput in Australian shipyard, as anticipated.
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