Bourbon BoD to Analyze Restructuring Proposals
Following the submission of financial restructuring proposals subject to conditions precedent, the Board of Directors of BOURBON Corporation reviewed today the two proposals which are considered relevant to the interests of the group, its employees, its partners and its shareholders.In particular, the Board relied on the review done by an ad hoc committee of four Directors (two of whom are independent)…
Orolia Maritime Signs Multi-Year Contract with Kongsberg
Orolia Maritime announces it has signed a multi-year contract with Kongsberg Maritime, a leading global technology corporation specializing in dynamic positioning and integrated bridge solutions (IBS), to provide Netwave NW6000 voyage data recorders (VDR).Thousands of vessels around the world depend on Kongsberg Maritime for safety, operational efficiency and sustainability. Due to significant developments in technology in recent years…
U.S. Refiner Phillips 66 Enters Offshore Oil Export Race
U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, challenging at least eight other projects aiming to send U.S. shale oil to world markets, according to a memo and a source who asked not to be named.The project, called Bluewater Texas Terminal LLC, signals another major expansion of its logistics operations. The fourth largest U.S. refiner last week…
Russia's Novatek Ships First LNG Cargo to Spain from Vysotsk
Russia's largest non-state gas producer Novatek has delivered a first liquefied natural gas (LNG) cargo to Spain from its Vysotsk plant, according to Refinitiv Eikon data.Novatek…
USMI: 35 Years and Going Strong
Spanning 35 exciting years, USMI’s core values of Family, Integrity and Quality have served the firm and its military customers well. The next 35 promise to be just…
U.S. Navy says Evidence Points to Iran in Gulf Tanker Attack
The United States Navy on Wednesday displayed limpet mine fragments and a magnet it said it had removed from one of two oil tankers attacked in the Gulf of Oman last week, saying the mines bore a striking resemblance to Iranian ones.The United States, waging a "maximum pressure" sanctions campaign against Iran to curb its nuclear and regional activities, has been trying to build an international consensus that Iran was behind last week's blasts…
Prysmian Bags Dolwin5 Cabling
Italian multinational corporation Prysmian Group has been awarded a major grid connection project worth in region of EUR 140 million by the Dutch-German grid operator…
NC Ports Adopts Vortex Simulator
North Carolina Ports took delivery of a CM Labs Simulations, developer of Vortex training solutions, port equipment simulator in May. The simulator will run training…
OPEC Output to Remain Flat: Rystad
OPEC and its allies, including Russia, can maintain their current cuts and not reduce outputs any more because there will be a crude oil demand surge later this…
ICTSI to Acquire Cameroon Port
The International Container Terminal Services Inc. (ICTSI) has been declared as the preferred bidder for the development, operations and management of the Port of…
Kalmar Intros Electric Reachstacker
Kalmar, a part of Cargotec Corporation, forges ahead on its electrification journey with maritime industry's first fully electric reachstacker for the global logistics…
Port of New Orleans Gets Hybrid Trucks
The Port of New Orleans (Port NOLA) has expanded its electric vehicle charging fleet with two energy-efficient trucks. The new trucks are part of an overall effort…
Oceanteam Wins Cable Lay Spread Gig
Oceanteam Solutions, a provider of complete set of equipment suitable for offshore cable laying, announced that it has been awarded a contract for supplying an undisclosed…
Wartsila, Grimaldi Cut 3.5% Fuel Bills
Finnish technology group Wärtsilä, the Netherlands based Maritime Research Institute MARIN and Italian ship owner Grimaldi, have together successfully designed an Energy Saving Device (ESD)…
CMA CGM Breaks Tampa Port Vessel Record
Florida's largest port, Port Tampa Bay has marking a major milestone and partnership with CMA CGM as Port customers, local officials, and business leaders gather…
Paris MoU Publishes Performance Lists
Paris MoU Committee approved the 2018 inspection results and adopted new performance lists for flags and Recognized Organizations (ROs) at its 52nd meeting last…
Cocaine Seized in Philadelphia Port
Federal officials in Philadelphia seized more than 15,000 kilos of cocaine with a street value of more than $1 billion at the Philadelphia Port, making it the largest…
High Level Meet on Piracy in Gulf of Guinea
A high-level meeting on piracy and armed robbery in the Gulf of Guinea held at the International Maritime Organization (IMO) head office in London, was attended by the shipping community…
ICS Thrusts on CO2 Reduction
International Chamber of Shipping (ICS) plans to take concrete steps to support further CO2 reduction by international shipping.The representatives of the world’s…
IMO's Actions on Climate Change
International Maritime Organization (IMO) is at the UN climate change conference in Bonn, Germany (17-27 June), where governments are meeting to work towards significantly…
