Canada’s role in the oil industry has changed dramatically in recent years driven by synthetic crude oil production in the oil sands of Alberta. New plans for Energy East, a cross-Canada West to East pipeline with a capacity of 1,100kb/day…
China's biggest oil and gas company China National Petroleum Corp.(CNPC ) has expressed interested in a terminal in Kyaukphyu in Myanmar to receive imported Liquefied natural gas (LNG). China National Petroleum Corporation has proposed…
Japanese shipbuilding and maritime transport company Tsuneishi Holdings has expressed a commitment to invest up to $40 million to open ship repair services in Indonesia, reports The Jakarta Globe. The Hiroshima Prefecture-based company…
A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal…
KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, sees Lana Rjedkin rejoin the New York office as a Bunker & Lubricant Broker/Trader.Rjedkin initially joined KPI Bridge Oil in…
Seafarers UK is to provide $1.8m in funding towards the building of a major new extension to the Trinity House Hub retirement home for ex-seafarers at Mariners’ Park in Wallasey, Merseyside. The announcement was made by HRH The Earl of Wessex…
Hyundai Heavy Industries (HHI) has become the world's first shipbuilder to deliver its 2,000th ship. The world's largest shipbuilding company delivered a drillship, 'Ocean BlackLion,' to U.S. oil drilling firm Diamond Offshore at the Ulsan shipyard Friday…
The Vietnam National Shipping Lines (Vinalines) and the Ministry of Transport (MOT) hope the plan to reduce the state’s ownership ratio in the big shipping firm to 36 percent will help restructure the business. It has finalized an overall plan for the development of its seaport network…
The Dubai Maritime City Authority (DMCA) is in the final stages of completing the rules for the first maritime arbitration centre in the Middles East: the Emirates Maritime Arbitration Centre (EMAC) says Al Tamimi & Company, Advocates and Legal Consultants…
Private equity-backed tanker operator Gener8 Maritime filed with the U.S. Securities and Exchange Commission (SEC) to proceed with an initial public offering worth up to $100m. The company was created in February 2015 via the merger of General Maritime and Navig8 Crude…
Senator Lisa Murkowski, Alaska, and Senator Maria Cantwell, Washington, have introduced a bill that would authorize the Navy to build up six icebreakers for use by the U.S. Coast Guard.The senators believe that the Coast Guard and the…
Fincantieri has signed an agreement for the acquisition of a minority stake via capital injection in Camper & Nicholsons International (Camper & Nicholsons), the world leading authority in all luxury yachting activities. The agreement includes…
Greece-based Tsakos Energy Navigation Ltd (TEN) has reported first-quarter profit of $37.3 million from $14.6 million in Q1 2014 - a 156% Increase. On a per-share basis it has profit of 42 cents. The results topped Wall Street expectations…
Egypt is reportedly to issue a tender in early June to buy up to $3 billion of liquefied natural gas over 2016 and 2017, Reuters reports. The country recently secured 90 cargoes of the liquefied natural gas, majority of which came through a $2…
The Chamber of Marine Commerce today joins governments, policymakers, industry and the general public in celebrating the nation’s merchant marine industry, but also urges reforms to ensure greater industrial competitiveness, jobs and prosperity…