Big Oil Set to Cash in on IMO 2020 Rules
The world's biggest oil traders are gearing up to cash in on big disruptions that could hit the shipping fuel market in just over a year due to new U.N.-mandated environmental rules.International Maritime Organization (IMO) regulations will cut the limit for sulphur in marine fuels globally from 3.5 percent to 0.5 percent from the start of 2020."We're going to hopefully facilitate the new rules in…
Eastern Shipbuilding Group Resumes Operations, all OPC Workers Back to Work
Eastern Shipbuilding Group, a family-owned and operated shipbuilder that is involved in both government and commercial vessel construction and repair, resumed operations at both of its two main shipbuilding facilities just two weeks after Hurricane Michael devastated Panama City Florida and the surrounding communities.The most powerful storm to ever make landfall in the Florida Panhandle, Hurricane…
Orsted's Offshore Wind Power Profits Breeze Ahead
Danish wind power giant Orsted sees surge in earnings from offshore wind, driving interim profits up 14 percent and earnings up 32 percent for the first nine months…
ExxonMobil Rolls-out New Antwerp Unit to Produce Marine Fuel
ExxonMobil has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels…
TechnipFMC Wins EPC Contract with Egypt's MIDOR
Oil and gas industry company TechnipFMC has signed a major Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (MIDOR) for the…
3T Energy Group Buys Offshore Training Firm Survivex
Technology and training organization 3T Energy Group has acquired Aberdeen-based Survivex, an offshore oil and gas training specialist.Global technology and training…
Teekay Offshore Settles Dispute with Petrobras
Bermuda-based marine services company Teekay Offshore Partners announced that certain of its subsidiaries have entered into a settlement agreement with Petrobras…
Pieridae Energy to Construct Goldboro LNG
Pieridae Energy has welcome the decision of the Nova Scotia Utility and Review Board to issue the permit to construct the Goldboro LNG Facility.Pieridae will now…
EU Approves State Aid for Lithuania’s Klaipėda LNG Terminal
The European Commission said that the EC has approved under EU State aid rules the compensation granted by Lithuania to LITGAS for supplying a mandatory quantity…
Tallinna Sadam, Alexela Invest Sign MoU
AS Tallinna Sadam and AS Alexela Invest signed a Memorandum of Understanding (MOU) for finding the best solutions for the development and implementation of LNG terminal…
VeChain Inks Blockchain Deal for Chinese LNG Solution
Chinese enterprise blockchain company VeChain announced a deal for a liquified natural gas (LNG) management solution that will leverage the VeChainThor Blockchain.The…
First Aloha-Class Ship Delivered to Matson
Matson, Inc. took delivery of the first of two new Aloha Class containerships built for Matson's Hawaii service at Philly Shipyard.Christened 'Daniel K. Inouye' in honor of Hawaii's late senior U.S.
Port Oakland Opens Cold Storage Facility
Lineage Logistics and Dreisbach Enterprises announced the official opening of Lineage Cool Port Oakland, the world’s latest next-generation cold storage and logistics…
APM Terminals Bahrain IPO Aims to Raise USD 30 mln
Port operator APM Terminals Bahrain plans to raise around BHD12m ($32m) through its planned initial public offering (IPO). This is the first IPO for a transport…
Wärtsilä Sells Pumps Business to Solix Group
Finnish technology group Wärtsilä has divested its pumps business to Solix Group, a Scandinavian investment company with offices in Copenhagen, Denmark and Malmö…
Port Groups Join for Go Green Initiative
Five global container port operators have jointly undertaken a week-long initiative to promote sustainable resource usage in their respective port and facility…
London Thamesport Eyes Short-Sea Container Hub Status
Hutchison Ports London Thamesport’s growing reputation as a short-sea container hub has been further enhanced by Helsinki-based Containerships plc’s introduction…
UK Funds Study on Navigation of Autonomous Ships
The United Kingdom Hydrographic Office (UKHO), a government agency has contributed to a new UK government-funded study on navigational requirements for autonomous maritime vessels.According to UKHO…
GMN Promotes Technologies to Cut Shipping Emissions
Practical efforts to implement ship energy-efficiency measures and promote technology transfer are an integral part of International Maritime Organization (IMO)'s…
Great Workboats of 2018: Application Deadline Extended!
Will your vessel be honored as a “Great Workboat of 2018” in the December 2018 edition of Marine News?Every year, Marine News profiles the most outstanding vessels built in shipyards in North America…
