OSV Market Poised for Growth -Report
The global offshore support vessel (OSV) market is expected to grow from an estimated $20.06 billion in 2018 to $25.66 billion by 2023, according to a recent report published by MarketsandMarkets. Ongoing offshore activities across the U.S., China, Brazil and the North Sea will help the market to expand at a CAGR of 5.04 percent during the forecast period, according to the report. Offshore exploration…
Schaller Takes Over as Head of the Voith Group
As of April 1, 2018, Stephan Schaller has begun in his role as head of the Corporate Board of Management at Voith GmbH & Co. KGaA and will lead the international technology company. He succeeds the long-serving head of the Board, Dr. Hubert Lienhard, who, at the age of 67, is retiring as planned. Schaller has supported Voith since 2015 as a member of Voith’s Shareholders’ Committee. Schaller has many years of international experience in various sectors and industries outside Voith.
Genco Sets Up Minor Bulk Subsidiary
Genco Shipping & Trading Limited announced it has established a European subsidiary in Copenhagen to be led by newly appointed Commercial Director, Minor Bulk, Europe, Sune Linné Fladberg.
Washington State: Hybrid Electric Ferries to be Considered
Washington Governor Jay Inslee has signed into law An Act Relating to Transportation Funding and Appropriations (SB 6106). Among other things, the bill includes $600…
Trump to Unveil China Tariff List
The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move…
Barge Company Fined for Fertilizer Spill into Columbia, Snake Rivers
A local barge company has been fined $18,000 for spilling 40,000 gallons of liquid urea ammonium nitrate into the Snake and Columbia rivers. Urea ammonium nitrate…
PIL Founder Steps Down as Chairman
The founded and Chairman of Pacific International Lines (PIL) Chang Yun Chung announced that he is stepping down and the current Managing Director SS Teo will take over from him.
Qatargas, EGAT Exploring LNG Collaboration
Qatargas Operating Company Limited (Qatargas) and the Electricity Generating Authority of Thailand (EGAT) announced the signing of a Memorandum of Understanding…
Thoresen Thai Buys Secondhand Bulker
Thoresen Thai Agencies Public Company Limited reported it has acquired a secondhand Supramax dry bulk vessel for a purchase price of $14 million. Known earlier as M.V. Albion and renamed M.V.
Container Shipping: ONE Begins
Japan's Ocean Network Express (ONE) announced the commencement of container shipping businesses on April 1, 2018. ONE is the result of an integration of the container…
Atlantic Navigation Calls Off Equity Sale to Gulf Navigation
Atlantic Navigation Holdings said that discussions pertaining to sale of a substantial equity stake to Gulf Navigation Holding have terminated because the parties…
ExxonMobil Wins Eight Deepwater Blocks in Brazil
ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning eight additional exploration blocks during Brazil’s 15th bid round. The blocks awarded add about 640…
Port of Oakland Forecasts Steady Growth
Containerized cargo volume moving through Port of Oakland is expected to increase 2 percent annually for the next five years. The catalyst for growth: a nearly $700…
Noble Sells Kamsarmax Bulker
Singapore-listed commodity giant Noble Group (NGL) has announced it has entered into a memorandum of agreement to sell a Kamsarmax-size dry bulk carrier to Cypriot…
Port of Seattle Goes Green
The Port of Seattle Commissioners took action to create its 2018 Energy and Sustainability Committee and identify top environmental priorities to reduce greenhouse…
BW Offshore Gets FPSO Abo extension
Global provider of floating production services to the oil and gas industry BW Offshore has signed an interim extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd…
Arctic: ExxonMobil Exits, Rosneft Goes Ahead
Russian state oil company Rosneft will continue geological explorations in the Arctic offshore zone after ExxonMobil quits the joint projects, reports TASS. The…
NYK to Sponsor Shell XPrize Finalist
NYK has agreed to sponsor Team KUROSHIO,* a finalist in the Shell Ocean Discovery XPRIZE competition, by providing the transportation for the team’s unmanned robots…
Investments set Oakland Port on growth path
Containerized cargo volume moving through this city is expected to increase 2 percent annually for the next five years. The catalyst for growth: a nearly $700 million…
RB-M: the Coast Guard's Durable Workhorse
Petty Officer 2nd Class Nathan Reynolds stood on a wooden Coast Guard pier looking to the water’s edge at an orange and silver boat used for saving lives and assisting mariners in distress…