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US Forecaster sees El Nino Likely into N. Hemisphere Spring
A U.S. government weather forecaster on Thursday warned that much-watched El Nino conditions are likely to last another nine months, potentially roiling global crops and commodities prices.
Australian Navy Drug Seizures Top $1.7 bln in 2 Years
In its sixth haul in eight weeks, Royal Australian Navy frigate HMAS Newcastle seized 139kg of heroin, with an estimated street value of around $41 million AUD ($30.5 million USD), off the East coast of Africa. Under the auspices of the Combined Maritime Forces (CMF), the latest haul brings the Australian Navy’s total seizures in the Middle East region over the last two years to an estimated street value of $2.3 billion AUD (approximately $1.7 billion USD).
Migrant Sailboat Sinks in Aegean, 17 Missing
A sailboat carrying migrants sank in in the Aegean sea between Turkey and Greece on Tuesday and at least 17 people were missing, Greek authorities said. Greece's…
Antwerp Joins “One Belt, One Road” Taskforce
“One Belt, One Road” is a Chinese development strategy launched at the end of 2013 that focuses on connectivity and cooperation among countries primarily in Eurasia.
Parkinson Retires from Sunderland Marine
Geoff Parkinson, chief executive officer of North P&I Club’s subsidiary Sunderland Marine, retired on 30 June 2015 following a period of ill health. Tom Rutter,…
Aberdeen Pupils Peek into Subsea Oil & Gas Technology
Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving seat…
Grimaldi Orders Three PCTCs
After signing an order for the construction of five new ships two weeks ago, the Italian shipowner Grimaldi Group has signed another contract for the construction…
Technip Samsung JV Wins 2 FLNG Project Contracts
The Browse project covers the realization and installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin, 425 kilometers North of Broome…
Terrorists Will Exploit EU Migrant Crisis, ESC Warns
ESC Global Security has called for the Mediterranean to be classed a maritime High Risk Area in the wake of the terrorist atrocities in Tunisia and Europe’s escalating migration crisis. “There is a reasonable doubt that some refugees from these areas will be a threat to European security. Terrorists and fundamentalists will take advantage of the crisis if they haven’t already,” said Jaanus Rahumägi, president and CEO of ESC Global Security.
KPA: Striking Mombasa Port Workers Must Return by Friday
The Kenya Ports Authority said on Thursday striking workers at the Mombasa port should resume work by Friday morning or lose their jobs, and that normal activities…
Striking Ferry Workers to Ease Blockade of Calais Port
Striking ferry workers blocking access to Calais port in northern France agreed on Wednesday to let some boats through, partly lifting a blockade in its third day.
Kenyan Port Workers Strike Over Higher Health Costs
More than 2,000 workers at East Africa's biggest port in Kenya's coastal city Mombasa went on strike on Wednesday protesting an increase in the amount they will…
Transnet Awards Bid for Cape Town Cruise Terminal
Transnet National Ports Authority awarded the V&A Waterfront (Pty) Ltd the status of Preferred Bidder for the development of a cruise terminal at the Port of Cape Town, Transnet said on Tuesday.
First Bodies Recovered from Deadliest Migrant Shipwreck
Italy's navy said on Tuesday it had retrieved the first bodies from the wreck of a boat that sank in the Mediterranean three months ago, killing up to 800 migrants…
S. African Competition Watchdog Fines Japanese Shipping Firm
South Africa's competition watchdog has recommended Japanese shipping firm Nippon Yusen Kabushiki Kaisha Ltd (NYK) pay a 104 million rand ($8.5 million) penalty…
Otto Marine Secures $131 mln in New Contracts
Otto Marine Limited, an offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services…
Polarcus Divests from Select Projects in Europe, Africa
Polarcus Limited announced it has signed a Letter of Intent (LOI) with TGS-NOPEC Geophysical Company ASA (TGS) for the sale of its multi-client projects in Northwest Europe and West Africa (MC Projects) in return for a cash consideration of $27.5 million and future revenue share on library late sales. The agreement includes an upfront cash payment, a tiered revenue share from future sales of the divested…
TGS to Acquire Polarcus' Multi-Client Library
Polarcus Limited has signed a Letter of Intent (LOI) with TGS-NOPEC Geophysical Company for the sale of its multi-client projects in Northwest Europe and West Africa…
Fed's Green Signal for Port Everglades Expansion
Port Everglades received key federal clearance to begin the next phase of deepening and widening its channels. The port now can seek Congressional funding for a…
Global LNG Prices Hold, Supported by Middle East Demand
Asian liquefied natural gas (LNG) spot prices for August delivery were firm on Friday, underpinned by steady demand from the Middle East and the potential for stronger…