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IEA: Unconventional Oil Revolution to Spread by End of Decade
The IEA’s Medium-Term Oil Market Report 2014 will be officially launched during a Press webinar on Tuesday, June 17, 2014, 11 a.m. Paris time. In addition, a web-based technical briefing will take place on June 17, at 16:30 Paris time where journalists will have an opportunity to put questions to the team that produced the Medium-Term Oil Market Report 2014. The unconventional supply revolution that…
Siemens, Mitsubishi Challenge GE with Alstom Offer
Germany's Siemens and Japan's Mitsubishi Heavy Industries presented a joint offer to France's Alstom on Monday that included 7 billion euros ($9.5 billion) in cash…
Germany Could Stop RWE Unit Sale
Germany's Economy Ministry is investigating whether to block the sale of RWE's oil and gas unit DEA to a group of investors led by Russian tycoon Mikhail Fridman, a spokeswoman said.
Micanti Wins Dutch Chamber's SME Innovation Award
Micanti has won the Dutch Chamber of Commerce’s SME Innovation Top 100 Award. The Dutch maritime technology company Micanti has won the award for its design of a…
China Never To Send Military To Oil Rig Spat With Vietnam
A Chinese official said on Friday that China will never send military forces to the scene of an increasingly ugly spat with Vietnam over an oil rig in the South…
Norway Police Want to Reopen 1990 Ship Fire Case
Norwegian police on Friday recommended reopening an investigation into a ferry fire in 1990 that killed 159 people after a police review cast doubt on findings that…
Damen’s First Hybrid Tug Delivered
Iskes Towage & Salvage took delivery of the Bernardus, the first Damen ASD 2810 Hybrid, Damen announced in a press release today, stating the delivery represents a turning point for the tug industry as operators and port authorities demand innovative solutions to rising fuel costs and stricter emissions regulations. Based in IJmuiden near Amsterdam (the Netherlands), Iskes has been operating a conventional Damen ASD Tug 2810 since November 2011.
China: No Military Force to Settle Oil Rig Spat
A Chinese official said on Friday that China will never send military forces to the scene of an increasingly ugly spat with Vietnam over an oil rig in the South China Sea…
Ferry Family Boss Eludes South Korea Manhunt
South Korea's biggest and most bizarre manhunt, linked to a ferry disaster in which hundreds drowned, has come full circle at the compound of a sect known for its organic ice cream as police on Thursday used earth movers to search for tunnels. Police have raided the grounds of the Evangelical Baptist Church in Anseong, a two-hour drive south of Seoul, twice as they try to flush out church co-founder Yoo Byung-un…
South Korea's Bizarre Manhunt for Ferry Family Boss
South Korea's biggest and most bizarre manhunt, linked to a ferry disaster in which hundreds drowned, has come full circle at the compound of a sect known for its…
Hurricane Cristina Intensifies off Mexico's Pacific Coast
Hurricane Cristina intensified into a category 4 hurricane early on Thursday as it continued to move away from Mexico's Pacific coast, the U.S. National Hurricane Center (NHC) said.
Navies to Address Maritime Skill Decline
However reintegration of capabilities is presenting new challenges in the design, manufacture and integration of sub-sea and surface systems for maritime Special Forces. James Fisher Defencehas stated that navies around the world are now seriously addressing the need to re-develop their skills in the use of maritime warfare, specifically in relation to maritime Special Forces and strategies for operations and intelligence gathering.
Chinese Port Probe May Spread to Iron Ore, Soybeans
The Chinese probe into financing of copper and aluminium may spread to other commodities such as iron ore and soybeans, an executive of a commodity hedge fund said on Wednesday.
Thorco Chairman: More Ships and IPO
Thorco sees fleet expanding by 50 pct in coming years. Multi-purpose shipping company aims to list in Copenhagen. Drewry expects industry to pick up in next few years.
Emotions Run High in Court as Korea Ferry Crew Face Trial
Captain caught abandoning boat in his underwear as children stayed in cabins; "Imagine the children were yours," mourning families tell crew. Fifteen crew of a South…
Egypt Puts Sinai's Al-Arish Port under Military Control
Egypt has transferred the assets of the Al-Arish port in the Sinai Peninsula from a civilian-run agency to the armed forces, citing national security reasons in…
China Stops Issuing Import Permits for US Distillers Grains
China has stopped issuing permits for imports of distillers dried grains (DDGs) from top exporter the United States on concerns they might contain an unapproved genetically-modified organism (GMO)…
Second Tanker of Kurdish Oil Leaves Turkey Despite Baghdad Protest
A second shipment of Iraqi Kurdish crude has sailed from the Turkish port of Ceyhan, industry and government sources said, increasing the stakes in a battle with…
Less than a Year to go to the FAL Directive Deadline
The FAL Directive under which European Member States are mandated to adopt a Maritime Single Window system is less than a year away; by June 1 2015 all shipping companies, operators and port authorities must be using the Single Window for reporting. To mark the occasion, Inlecom Systems Ltd. (Inlecom), the transport and logistics research and innovation company, is offering to pilot its Intelligent Ship Reporting Gateway free of charge to ship owners, ship operators and port authorities.
ABB Turbocharging Opens Service Facility in Denmark
ABB Turbocharging announced today it will celebrate the opening of a new service facility in Fredericia, Denmark on June 12, 2014. The ceremony will also mark the…
