Shale Growth could Overwhelm U.S. Refiners, Fuel Exports
Rising U.S. shale oil production will overwhelm the nation's refining capacity, with three-quarters of the additional oil produced in the United States by 2023 shipped to Europe and Asiaā¦
IMO/MARPOL Amendments Enter Into Force
Requirements for ships to collect data on their fuel oil consumption entered into force on 1 March. Other important amendments to the International Convention forā¦
Austal Wins $68m Ferry Contract
Following the Memorandum of Understanding of 8 December 2017, Austal has announced the award of a A$68 million contract to design and build an 83 metre trimaran ferry for JR Kyushu Jet Ferry of Japan.
EMGS in Refinancing Deal
Cash-strapped Norwegian survey player Electromagnetic Geoservices (EMGS) has launched a refinancing exercise as the geophysical services company seeks to alleviate a liquidity squeeze.
SolstadFarstad Bags Statoil Contract
Statoil ASA has awarded SolstadFarstad (SOFF) a contract for Platform Supply Vessel (PSV) Normand Fortune (2013, VS 485 MK III Design). The contract for Normandā¦
Port of Gothenburg Enhance Efficiency Through Digitalisation
The Port of Gothenburg has implemented what has amounted to a major surge in automation, governing large-scale pumping between terminals and refineries. The newā¦
Truman Strike Group Completes COMPTUEX
The Harry S. Truman Carrier Strike Group (HSTCSG) returned to Naval Station Norfolk after completing their Composite Training Unit Exercise (COMPTUEX) March 1, certifyingā¦
Panama Canal Sets New Milestone with 3,000th Neopanamax Transit
Panama Canal announced the transit of its 3,000th Neopanamax vessel, exceeding initial traffic expectations by this date and reaffirming the value and impact itsā¦
Thorco Projects Expanded New Dry Cago Division
Danish shipping company Thorco Projects said that in less than two months after the establishment of its new dry cargo division, it expands and adds more manpowerā¦
dāAmico Updates on its Fleet
dāAmico International Shipping said that M/T High Challenge, an āEcoā new-building MR product tanker built by Hyundai Mipo Dockyard ā South Korea at their Hyundai Vinashin Shipyard ā Vietnamā¦
Greek CG Nabs 1.3 tonnes of Cannabis
Greece's coast guard seized about 1.3 tonnes of processed cannabis, hidden aboard a foreign flagged fishing vessel intercepted off the southern island of Crete, it said on Sunday. The drug bust was the result of a three-day operation. Greek authorities had been informed by French customs that a suspect ship was sailing to the southeast of the island, possibly carrying illegal cargo. The operation involved four coast guard patrol vessels and two planesā¦
Nakilat, Maran Ventures JV adds two vessels
Nakilat has expanded its joint venture partnership with Greek shipping company Maran Ventures Inc., to include two additional LNG vessels. Maran Nakilat Co. Ltd.
UAE Marine Environment Protection Association launched in Dubai
The Director General of HELMEPA, Dimitris C. Mitsatsos and the Chairman of Dubai Council for Marine & Maritime Industries (DCMMI), Mr. Khamis Juma Buamim, signedā¦
MOL: New Stowage System for Car Carriers
Mitsui O.S.K. Lines, Ltd. introduced an upgraded stowage planning system for car carriers called āMOL-CAPSā. The MOL-CAPS system generates a voyage-by-voyage stowageā¦
Total acquires Marathon Oil Libya
Total has acquired Marathon Oil Libya Limited which holds a 16.33% stake in the Waha Concessions in Libya. This acquisition will give Total access to reserves andā¦
Austal Delivers Its 12th LCS
Austal USA delivered its seventh Independence-variant littoral combat ship (LCS) to the U.S. Navy on Wednesday, Feb. 28. The future USS Manchester (LCS 14) will be the twelfth LCS to enter the fleet.
Fitch: Profitable May be Tough for Container Shippers
Fitch Ratings-London-01 March 2018: Sustaining last year's improved profitability in 2018 may prove challenging for container shipping companies, Fitch Ratings says.
WinGD, HHI Partner for Digital Techn
Winterthur Gas & Diesel (WinGD) and Hyundai Heavy Industries (HHI) Group recently signed, the first agreement of its kind to integrate their advanced digital technologiesā¦
Danish Energy Agency Clears Maersk Oil Sale to Total
The Danish Energy Agency has approved AP Moller-Maersk's US$ 7.45 billion sale of of Mærsk Olie & Gas A/S (Maersk Oil) to global oil major Total S.A., the conglomerate said.
New Sponsor for Marine Science
International Maritime Organization (IMO)'s marine science advisory group, Joint Group of Experts on the Scientific Aspects of Marine Environmental Protection (GESAMP), is welcoming a new sponsor.
