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More Democrats Needed to Repeal Crude Export Ban
Lawmakers who want to ditch the 40-year-old U.S. ban on exporting oil will likely enjoy a victory on Thursday in the Senate banking committee - but they are struggling…
Italy's Eni Arrives Arctic as Shell Departs
As Shell retreats from the Arctic, the Italian oil giant Eni is making final preparations for its own oil exploration venture in the Norwegian Arctic, reports the Guardian.
Nigeria's Oil Exports Under Threat
Nigeria's latest effort to combat theft could imperil its oil income lifeline, compounding the damage the crude price fall has done to its finances, access to dollars and imports.
NOCC Opts for Optimarin BWT System for Its Newbuild
Ballast water treatment (BWT) specialist Optimarin has been chosen by Norwegian Car Carriers AS (NOCC) as the supplier of choice for its two newbuild vessels currently…
HMAS Newcastle Returns with Seized Heroin
HMAS Newcastle today returned triumphantly to Garden Island, Sydney, after seizing more than $1 billion in heroin in the Middle East region during her six-month Operation MANITOU deployment.
World Court Hears Boliva-Chile Dispute Over Sea Access
The International Court of Justice said on Thursday it will continue to hear a case brought by Bolivia against Chile seeking to force its neighbour to enter negotiations…
Insights: Tracy Zea, Director-Government Relations, WCI
Washington-based Tracy R. Zea advocates for Waterways Council, Inc. (WCI) goals for authorizations and appropriations which support a modern, efficient, and reliable inland waterways transportation system. Zea also works to enhance WCI’s stakeholder relationship with the U.S. Army Corps of Engineers while additionally tracking implementation of WRRDA legislation and ensuring that WCI’s views are reflected in the outcomes.
RINA Launches New Services for Yacht
Press release - Italy-based classification society RINA has launched a series of new services and standards aimed at helping the growing global yacht industry to grow efficiencies and reduce its environmental footprint. The five new services being rolled out in the last quarter of 2015 are a Global Compliance certification for boats to show they meet both US and EU standards, a set of courses and certification for Marina Managers…
FPSO: Guide to Life Extension
There are new-builds, and there are conversions. In lean times, there’s also “life-extension” for FPSOs increasingly seen as the best hope of developing oilfields too pricy as platform projects. Life extension is about making first-time money, cutting costs or continuing to earn when a field or floater enters a new stage. It’s also about safety. Life extension involves major, multiyear considerations for operators and FPSO contractors…
FLNG Birth of a Market
FLNG deal-making has been sporadic since Woodside Petroleum at the end of 2013 delayed a final investment decision for the giant Browse FLNG project off Northwest Australia. The previous year had seen go-aheads for most of the floating liquefied natural gas projects (FLNG) underway today, including Shell’s Prelude FLNG — Woodside’s choice, it seems, of a liquefaction solution for fields 200 kilometers offshore. Yet Prelude, “the first project out”, might not be first to produce.
Chile Earthquake - Ports Status
Chile's government has declared a state of emergency in the central region struck by Wednesday's earthquake, the biggest to hit the country since 2010 and the most powerful in the world this year.
Asia Tankers-VLCC Rates Soar on Tighter tonnage
Mideast-Japan VLCC rates climb by $46,000 per day since Aug 26. Freight rates for very large crude carriers (VLCCs), which reached a seven-week high this week, are…
Ingalls Launches National Security Cutter Munro
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division launched the U.S. Coast Guard’s newest National Security Cutter (NSC), Munro (WMSL 755), on Saturday, the shipbuilder announced. Munro is the company’s sixth NSC and is expected to deliver by the end of next year. “The National Security Cutter program is in a very mature state,” said Derek Murphy, Ingalls’ NSC program manager. “NSC 6 is the most complete ship at launch, and we accomplished this a week earlier than scheduled.
Hybrid Marine Power & Propulsion Conference: Program Announced
The Hybrid Marine Power & Propulsion Conference being held at the RNLI College in Poole, U.K., October 6-8, will bring together an international group of experts armed with the latest knowledge that will assist the sub IMO professional sector to understand the possibilities of utilizing hybrid systems. The aim is to identify the potential for hybrid systems for specific sectors, including diesel / electric / battery for workboats…
South Korea Takes Stab at Slaying Zombie Company Menace
South Korea is getting serious about tackling its "zombie company" problem and will set up its first restructuring firm backed by the government and banks in November, spooked by some huge corporate losses and a darkening economic outlook. Korea Development Bank (KDB) will also seek to sell some of the 118 non-financial firms it controls, the government said last week - a move seen as part of its new resolve to deal with the issue.
Felixstowe Port Top For Customer Care
The Port of Felixstowe, the Port of Britain has walked away with the coveted Rail Freight Group 2015 Customer Care Award for its continued and sustained improvement in customer service.
Standing on Guard(eon): Preventing the ‘Arc Flash’ Casualty
As GE celebrates the grand opening of its Mebane Customer Experience Center and a multimillion dollar manufacturing facility renovation, Maritime Reporter & Engineering…
China Plans Live-Fire Drills in Taiwan Strait
Taiwan drills already underway. The Chinese military will hold three days of live-fire drills in the sensitive Taiwan Strait starting from Friday, the government…
Donegal Fishing Boat Nearly Hit by Submarine
Donegal fishermen are counting their lucky stars after a near-miss with a submarine last week. A shocked fisherman has described his close encounter with a submarine…
Lean Manufacturing Transforms Maker of US Navy Warships
Big investments, lean manufacturing techniques borrowed from the automotive industry, and a more engaged workforce have revamped the Wisconsin shipyard where Italy's Fincantieri SpA builds the Freedom variant of the U.S. Navy's coastal warships for prime contractor Lockheed Martin Corp. Fincantieri invested $100 million in recent years to transform the 1940s era shipyard into a state-of-the-art facility…
