Stena Weco Opens Office in Dubai
Stena Bulk, via Stena Weco and Golden Stena Weco, has opened a new office in Dubai and will move in this month. The official inauguration will take place in January next year. The company already has a presence in the market in the region but said it wants to get closer to its customers to continue to develop the transportation of chemicals and petroleum products. For Stena Bulk and Stena Weco, which, with its IMOIIMAX fleet, is focusing increasingly on trade with chemicals, Dubai is a strategic hub.
US Navy, Queensland Partner with Industry
A two-day Biofutures Industry Forum hosted by the Queensland government and U.S. Navy at the Brisbane Convention and Exhibition Centre commenced today in Brisbane, Australia. The forum will bring together biofutures industry leaders from each step in the supply chain to collaborate and discuss the production of biofuels that meet both jet and marine specifications; all while forming and strengthening professional relationships between the nations. "The Navy has always been in the energy-innovation business- from wind to coal…
Sri Lanka, China Ink Deal to Develop Southern Port
Sri Lanka will take part in a joint venture with China Merchants Port Holdings Company Limited to develop a port in its south, where China has also been offered an investment zone. The cabinet approved a plan under which Sri Lanka will lease 80 percent of the Hambantota port to Hong Kong-based China Merchants Port Holdings Company for 99 years for $1.12 billion, a government document showed on Wednesday. China Merchants Port Holdings Company will make a $5 million payment as a security deposit upon signing the agreement, which the government expects to do on Jan.
Harvey Gulf's Formula for Success
A formula for success – in good times and bad: Harvey Gulf International Marine hasn’t deviated from its long term plans and goals, even as the price of oil negatively impacts all sectors. Apparently, this isn’t rocket science. According to Dr. Loren C. Scott, an industry analyst, retired professor and economist from Louisiana State University, U.S. oil production is up 85 percent since 2008 – the highest growth of any country in the world, over that period. Shale oil is largely responsible for that trend…
Lloyd’s Register’s Acquires Seasafe
Lloyd’s Register (LR), a global engineering, technical and business services organization has added to its portfolio of advanced data, digital and software solutions with the acquisition of Seasafe Marine Software & Computation (Seasafe). An unexpected incident, such as a grounding, a collision or an explosion, can result in complex technical challenges, all requiring a fast and effective response. Seasafe specializes in on-board loading and stability software to help customers manage the stability of vessels and offshore structures…