BP Shipping today celebrates its 100-year anniversary, making it the longest continually operating company in the BP group.Formed on April 30, 1915 as the British Tanker Company, the business has adapted to significant world events including two world wars…
The 2014 Maritime Innovation Award, given jointly by the Royal Institution of Naval Architects and QinetiQ, has been presented to Subsea Industries for the product Ecolock.The Maritime Innovation Award is presented to an individual or…
At a festive ceremony, held in Moscow today to honor the 70th Anniversary of Victory in the Great Patriotic War, LUKOIL employees received decorations from the Russian government, its agencies and from their own company.Vladimir Osipov…
ClassNK released PrimeShip-GREEN/ProSTA, making it the world’s first classification society to develop software which analyzes and calculates a ship’s speed trial results for EEDI calculation in compliance with the latest IMO Guidelines on 1 May 2015…
Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno will be traveling to Houston for the 2015 Offshore Technology Center May4-7 at NRG Park. The annual conference is an international gathering showcasing leading‐edge technology for offshore drilling…
South Korea's Hyundai Heavy Industries has won the Gazprom Flot tender for the construction of the Kaliningrad floating LNG terminal, Gazprom said. It will build a floating liquefied natural gas terminal in the western Russian city of Kaliningrad for $295 million…
CWind, a provider of services to the offshore wind industry, has once again won the RoSPA Occupational Health and Safety Gold Award. The Gold award in the annual scheme run by the Royal Society for the Prevention of Accidents (RoSPA) recognizes…
The EU has approved a Danish-led, maritime innovation project with a budget of DKK 85 million, intended to enhance safety of navigation and increase efficiency at sea. 13 Danish partners will become frontrunners of the project, which is launched on 1 May…
The UK’s second largest ports operator, Peel Ports, has today (Wednesday, 29 April) launched a major carbon emission initiative, Cargo200, and is calling on the UK freight and logistics industry to rethink supply chain and services routes…
The 5 Gyres Institute, a leader in global plastic pollution research, has launched an online contest for those who want to learn first-hand about the problem and help drive solutions. One winner will be chosen to join the final leg of 5 Gyre’s June research expedition to the North Atlantic Ocean…
Marsol International Ltd, a Dubai-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has announced the registration of its new subsidiary, Marsol Oil & Gas Services LLC, which will…
The Company is pleased to announce the appointment of two new independent non-executive directors, Keith Lough and Peter Kallos, to the Board of Cairn Energy PLC.Keith Lough will be appointed immediately following the Company’s AGM on…
Senior U.S. diplomat brings background in energy, economics to IEA Paul Simons, a senior United States diplomat with a strong background in energy and economic policy, has been selected to be the new Deputy Executive Director of the International Energy Agency…
Advanced dynamic positioning (DP) vessels can now meet critical safety regulations while gaining operational flexibility, efficiency and cost savings through new design and monitoring methods.More and more operators are asking their drilling…
Many investors are asking questions about the dynamics of the tanker market and asked us to confirm their views on vessel utilisation across the tanker market.This answer is very much linked to how supply and demand balance one another in a bulk tramping market…