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Oil Majors Push Offshore Players for 30% Cuts
30%That’s the minimum level of capital expenditure cuts facing owners and operators of offshore rigs, vessels and various support services, as they scramble to keep equipment working and their heads above water during one of the worst oil downturns in 30 years. From a high of $108 per barrel in June of last year, prices plummeted roughly 60% as supply surpassed weakening demand, crashing in November to around $44 a barrel.
Philippines Accuses China of Turning Water Cannon on its Fishing Boats
Filipino activists denounced China's coast guard on Tuesday for turning water cannon on Philippine fishing boats in disputed waters, near where hundreds of Filipino…
Philippines: China Intimidating Its Fishing Boats
Filipino activists denounced China's coast guard on Tuesday for turning water cannon on Philippine fishing boats in disputed waters, near where hundreds of Filipino…
Risk & Reputation in the age of Disruption
Risks faced by today’s global businesses represent a combination of traditional concerns and newer threats that reflect changing times. The 2015 Allianz Risk Barometer, a survey of more than 500 corporate insurance experts and risk managers from 47 countries, revealed that issues related to business interruption and supply chain risk, natural catastrophes, and fire and explosion continue to top annual rankings.
Hiab Crowns World's First Crane Champ
Hiab, part of Cargotec, declared Johnny Jensen from Denmark as the first ever World Crane Champion. The Competition was held today at the Commercial Vehicle Show in Birmingham, U.K.
US Could Eliminate Energy Imports -EIA
EIA's AEO2015 projects that U.S. The Annual Energy Outlook 2015 (AEO2015) released today by the U.S. Energy Information Administration (EIA) presents updated projections for U.S. energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. "EIA's AEO2015 shows that the advanced technologies are reshaping the U.S.
Hybrid Marine Power & Propulsion Workshop
In May 2015 U.K. based Shock Mitigation will bring together a group of experts armed with the latest knowledge that will assist the sub IMO professional sector to understand the possibilities of utilizing hybrid power and storage systems. The aim is to identify the potential of hybrid systems for specific sectors, starting with diesel / electric for wind farm support vessels, pilot boats, patrol craft, survey vessels and unmanned craft.
US Fishermen Seek Federal Action against Illegal Fishing
Gulf of Mexico fishermen are threatened by a daily wave of foreign illegal fishing vessels and the U.S. fishing industry is calling on Congress to take action, Florida business owners said April 8 at an event hosted by the Gulf Coast Leadership Conference. Mexican fishing boats enter U.S. sovereign waters and illegally poach hundreds to thousands of fish at a time. Although the U.S. Coast Guard and…
Ships, Tankers Diverting from Yemen
With violent conflicts and fighting continue at most Yemeni ports, shipping lines are pulling away from the country that’s devolved into chaos in past weeks. A report in Reuters…
Wheat Ship Barred from Entering Yemen Port
Warships from the Saudi-led coalition have blocked a vessel carrying more than 47,000 tonnes of wheat from entering a Yemeni port, demanding United Nations guarantees…
Shipyard Shakedown
Shipyard selection, whether it involves newbuild or repair, can be a daunting task. It doesn’t have to be that way. Selecting a shipyard is a challenging proposition, an investment really, but how does one choose the right one? Location, capabilities, price, and availability are always among the first variable to consider. Equally important, but sometimes relegated to secondary concerns are craftsmanship, safety, integrity, and technology.
Blocked Entrance to Santos Port to Open Overnight
Trucks will be able to access a blocked entrance at Santos, Brazil's largest port, at night while firefighters finish extinguishing a blaze at a nearby fuel-storage facility…
Russian Trawler Sunk by Greed and Corruption
Greed and corruption were to blame for the sinking of a Russian trawler last week in which at least 56 crew died, a spokesman for investigators said on Wednesday.
USCG Adm. Zukunft: The Man, His Mission
Adm. Paul F. Zukunft, the 25th commandant of the U.S. Coast Guard has a full plate. Driving sexual assault out of the Coast Guard; Preparing the fleet for operations through the year 2061; Coordinating intel and assets to stem the flow of illegal drugs ... they are all on the short list. From his Washington, DC, HQ he shares his vision and mission with Maritime Reporter. You are almost a year in this position as the Commandant of the United States Coast Guard. Looking back, critique year one.
River Dance: Grounding Launches Runaway Barges, Coast Guard Investigation
It has been said that the vast majorities of collisions at sea occur in near perfect weather conditions. That trend can also be applied to the inland river system. Not too long ago, it was a beautiful mid-summer afternoon in the nation’s heartland. The skies were clear, the sun was shining and the variable southwest breeze barely caused a ripple on the muddy water of the winding river. Hopeful fishermen…
Jenkins Elected Chairman of CG Foundation Board
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced today that William E.
ISU Honors Costa Concordia Salvors
Crowley Maritime Corp.’s Houston-based subsidiary TITAN Salvage and Italian engineering partner Micoperi were honored with the International Salvage Union (ISU) Meritorious Service Award during the organization’s Associate Members’ Day Conference in London. The award was presented by ISU President Leendert Muller in recognition of TITAN and Micoperi’s outstanding service to the salvage industry during…
Access to Brazil's Largest Port Restricted after Fire
Trucks delivering grains and other goods to Brazil's largest port of Santos will be restricted through at least Wednesday, the port authority said on Tuesday, as…
UASC Streamlines Fuel Purchasing
United Arab Shipping Company (UASC), a global shipping company based in the Middle East, has implemented Shiptech, an end-to-end fuel management system developed by global cloud software company Inatech. Shiptech provides the company with an automated, cloud-based, fuel management system that transforms the way UASC buys bunker fuel. Using Shiptech’s procurement, contract management and advanced reporting applications…
Fire Still Restricts Trucks from Largest Brazilian Port
A fire at a fuel-storage facility at the Port of Santos, the largest port in Brazil, burned for a sixth day on Tuesday, restricting access to trucks delivering grains and other goods.
