Ocean Yield to Invest in Modern Vessels
Ocean Yield ASA is currently in negotiations regarding further investments in modern vessels with long term charters, said the company. In a press release, Ocean…
Govt Approves Yamal LNG Train
OAO Yamal LNG was granted State permission to commission the main technological facilities of the LNG plant’s first stage, including the first liquefaction train…
Eni Buys out Shell's Stake in Evans Shoal Gas Field
Italy's Eni announces the purchase of a 32.5% stake in the Evans Shoal gas field in the Timor Sea, Australia. The field is located offshore in the NT/P48 exploration…
Azerbaijan, Russia Introduces New Cruise
The Chairman of Azerbaijan Caspian Shipping Company (ACSC) Rauf Veliyev and Konstantin Anisimov, the General Director of Moscow River Shipping Company (MRSC) signed…
OOCL Rolls-out Next Phase of OCEAN Alliance
Following the success of the Day One products introduced earlier this year, Orient Overseas Container Line Limited (OOCL) announced the forthcoming launch of the…
Marubeni, PTT Plan LNG Bunkering in Thailand
Marubeni Corporation started a joint feasibility study with PTT Public Company Limited, Thailand`s national petroleum and petrochemical company, which aims at implementing…
NIMASA Set to Acquire More Fast Intervention Vessels
In line with the recent approval by the Federal Executive Council (FEC), the Nigerian Maritime Administration and Safety Agency, NIMASA is set to acquire strategic maritime safety and security assets…
Spain: Demand for Natural Gas Rises 9% in 2017
Demand for natural gas in 2017 has grown by close to 9% in Spain, compared to 2016, reaching 351 TWh. It is the third consecutive year of increased gas demand in the country.
Bulkers to Benefit as China Iron Ore Appetite Grows
It has been quite awhile since the global bulk carrier market has had much to cheer about, but U.S. dry bulk shippers are set to post strong revenue growth in the next two years thanks to soaring Chinese demand for high-grade iron ore from Brazil and Australia. To combat severe winter smog, China has slashed iron ore output, pushing steel mills in the world's second biggest economy to import more high-grade ore. China also wants to make pollution control a priority for the next three years.
AME Expands into Hydraulics
Advanced Mechanical Enterprises (AME) has added hydraulic service and repair to its broad range of predictive, preventative and corrective maintenance solutions. “Adding hydraulics to our line of services was a natural progression for AME. We have two-full machine shops that can quickly help troubleshoot hydraulic issues as well as trained hydraulic technicians on staff that are readily available,” said Rich Merhige, President, AME.
China Denies Selling Oil Illicitly to N.Korea
China on Friday denied reports it has been illicitly selling oil products to North Korea after U.S. President Donald Trump said he was not happy that China had allowed oil to reach the isolated nation. Trump said on Twitter the previous day that China had been "caught" allowing oil into North Korea and that would prevent "a friendly solution" to the crisis over North Korea's nuclear and missile programmes that it conducts in defiance of heavy U.N. Security Council sanctions.
Best Workboats of 2017
Marine News showcases the best of North America’s 2017 workboat deliveries. There is something for everyone. Notwithstanding the lingering offshore energy downturn…
Oil Finishes Strong in 2017
U.S. oil prices rose above $60 a barrel on the final trading day of the year and hit their highest since mid-2015, as an unexpected fall in American output and a decline in commercial crude inventories stoked buying in generally thin trading. International benchmark Brent crude futures also rose, supported by ongoing supply cuts by top producers OPEC and Russia as well as strong demand from China. Oil prices are set to close out the year with strong gains.
