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How Do You Lose 100 Million Barrels of Oil?
Oil-market watchers are struggling to reconcile the large estimated oversupply in the market with the much smaller buildup of reported inventories and narrowing contango in futures prices.
Seaspan Marine Names Reynolds President
Bart Reynolds has been hired to take over as president of Seaspan Marine, the company announced today. Appointed to lead Seaspan’s Marine Division, Reynolds joins the company with more than 20 years of experience in leadership positions and senior management. In the last 15 years, Reynolds has held positions in the offshore supply boat business in the United States, West Africa, the Mediterranean and Latin America, most recently serving as Vice President, Americas at GulfMark Offshore Inc.
Cameroon Cocoa Exports Up in April
Cameroon cocoa exports jumped 24 percent to 181,893 tonnes year-on-year by end-April since the start of the 2014/15 season on Aug. 1, data from the sector's regulator showed on Tuesday.
MOL Joins 2M on Asia-ECSA Trade
Maersk Line announced that it has entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui O.S.K Lines (MOL) on the Asia to East Coast of South America trade.
EU Backs Migrant Crisis Naval Plan
EU foreign ministers have agreed to launch a military mission against migrant smugglers in the Mediterranean. The decision allows European governments to move ahead with plans for a naval operation.
Trelleborg to Supply FPSO Mooring Systems in Angola
Trelleborg’s marine systems operation has been awarded the contract to supply complete tandem mooring systems to two floating production, storage and offloading (FPSO) vessels in Angola, West Africa. The Angola-based FPSO tandem mooring projects demanded solutions capable of performing demanding offshore applications, while adhering to project quality documentation processes and Class rules, Trelleborg said.
Phoenix Express 2015 Kicks Off
Maritime forces from North Africa, Europe, and the United States kicked off Exercise Phoenix Express 2015 with opening ceremonies in Tunisia, today. The at sea portion…
9 Voith Schneider Tugs on target in SA Shipyards
Construction work on nine tugboats for Transnet National Ports Authority (TNPA) at the Southern African Shipyards premises in Durban is well under way. "This is…
Odfjell Drilling Vietnam Bound
Norway's Odfjell Drilling has secured a contract with VietGazprom to deploy 2011-built drillship Deepsea Metro I (UDW drillship) to Vietnam. The area of operation…
Aiken Marine Sees Upturn In Overseas Business
A division of Aberdeen-based Aiken Group announced an upturn in its overseas business in recent months. Aiken Marine, which supplies a range of services to the global marine and offshore industries, has seen a rise in its business supplying and brokering newbuild resale drilling jackups and offshore supply vessels in Mexico, West Africa, the Middle East and Far East. Marine manager Steve Grant said…
'Mass Casualties' Unless Thailand Meets Migrant Obligations
Thailand, Indonesia and Malaysia should fulfil their obligations under international maritime law by rescuing thousands of migrants adrift at sea and avoiding "mass casualties"…
United Heavy Lift's Maiden Call to India
United Heavy Lift GmBH& Co. KG, Germany commenced operations on 1st April, this year. Lars Rolner, the former owner and Managing Director of SAL established United Heavy Lift this February in Hamburg.
Italy Reports 3,600 Migrant Rescues in 2 Days
Almost 3,600 migrants have been rescued from overcrowded boats sailing from Africa to Europe over the past 48 hours, Italy said on Thursday, with sea conditions…
Asia Dry Bulk-Capesize Rates Steady
Rates for capesize bulk carriers, which climbed to their highest since at least January on Wednesday, are likely to remain steady next week on tighter tonnage supply, ship brokers said.
Offshore Oil & Gas: Floating Production Market a Bright Spot
Despite industry gloom about the offshore market, orders for production floaters continue to flow. Over the past few weeks a speculatively-ordered FLNG found use off Africa, negotiations began to convert a third LNG carrier to an FLNG, an FSRU was ordered and a modified LNG tanker has been leased for storage use. Looking forward, we are tracking 30 projects considered likely to generate contracts for floating production units over the next 18 months.
Universal LNG, Sembcorp Marine Pact for West Africa LNG Development
Universal LNG Holdings has launched West Africa LNG Development, a ground-breaking solution partnership between Universal LNG Holdings and Sembcorp Marine Group Company.
Havila Extends Niche Deal with Maersk
Havila Shipping ASA has seen Maersk Oil & Gas (MOG) extend an option for a vessel, allowing the company to avoid the weak North Sea spot market for 12 more months.
Bourbon Says 3 Kidnapped Crew Members Released
French oil services company Bourbon said on Monday that the three Nigerian crew members kidnapped after one of its speedboats was boarded off the Nigerian coast on April 8 had been released.
GUARDIAN Antipiracy Barriers Available to Lease
Guardian Maritime announced that GUARDIAN antipiracy barriers are now available to lease. A passive solution against the threat of piracy, GUARDIAN ship protection system provides worldwide 24/7 protection against stowaways, robbery and piracy for vessels, crew and cargo at sea, anchor or in port, as well as static installations such as oil rigs. Offering an affordable solution, with no initial outlay…
Suezmax Tanker Market Improves
Suezmax tanker owners are among the “happiest” ones when it comes to the performance of their vessels during 2014, as well as throughout this year as well says the…
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
