Hapag-Lloyd has received unconditional clearance under Brazilian merger regulations for the planned integration of the container shipping activities of Compañía Sud Americana de Vapores (CSAV) into Hapag-Lloyd. Hapag-Lloyd and CSAV signed a binding business combination agreement in April…
Northeast charities and golf clubs benefit from EnQuest’s $120,000 donations.Fifteen golf clubs across Aberdeen City and Shire have been gifted life-saving equipment worth a total of more than $24,000 by leading North Sea oil producer, EnQuest…
The recently established company, Nordic American Offshore Ltd (NAO) announced October 20, a dividend of $0.45 per share for the 3rd quarter 2014. The payment of dividend is expected to take place on or about November 21 to shareholders of record as of November 7…
Brisbane-based shipbuilders Aluminium Boats Australia Pty Ltd has been placed into voluntary administration after a shipyard fire in August has set the company toward financial instability.The fire, which occurred at the company’s Hemmant dockyard 11 weeks ago…
France-Corsica ferry operator SNCM has suspended payments to creditors and will file for court protection on Tuesday, the firm said in a statement late on Monday.Majority-owned by public transport firm Transdev, which is owned by water firm Veolia and French state bank CDC…
Liquefied Natural Gas Limited informed that on 31st October 2014, its wholly owned company Bear Head LNG Corporation, filed for modifications to the existing construction and environmental permits granted by the Nova Scotia Utility and Review Board and Nova Scotia Environment…
Technip was awarded by Sasol a contract to provide engineering and procurement for eight proprietary Ultra Selective Conversion (USC®) furnaces (1) for a world-scale ethane cracker and derivatives complex to be located in Lake Charles, Louisiana…
The gigantic Johan Sverdrup field, one of the most profitable industrial projects in Norway over coming decades, will provide enormous value.Construction of the first phase may lead to 51,000 man-years related to Norwegian deliveries, and…
Number of Cargotec shares increases through subscription with stock options 2010 on 3 November 2014 A total number of 900 new Cargotec class B shares have been subscribed for with stock options 2010A. The entire subscription price of EUR 16…
Last Friday (10/31) Petrobras and PPSA (Pré-Sal Petróleo S.A.) signed a Production Individualization Agreement (PIA) for the Tartaruga Mestiça field, in the southern part of the Campos Basin. This Agreement sets out the rules for joint production…
Global safety standards body, OPITO, says safety in the oil and gas industry is still not good enough despite a five year improvement in the Middle-east. At its fifth annual safety and competence conference (OSCC 2014) in Abu Dhabi today (4 November 2014)…
DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has held the first BE&O P&I Seminar in Limassol, Cyprus.Hosted by Captain Andreas Efthimiades, Head of DGS Marine’s Cyprus office and Director of Claims…
The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the year is set for adjustment, with Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight rate peak in the 2016/2017 period…
The union that represents workers along the St. Lawrence Seaway has agreed to take a contract dispute to arbitration, avoiding a strike that would have shut the waterway linking the Great Lakes and the Atlantic Ocean.The union, Unifor, announced the news in a statement on Sunday evening…
Dynamar has published “INTRA-MEDITERRANEAN CONTAINER TRADES”, the latest report in its Container Trades and Markets series. Salient details and interesting findings of the new report are discussed here below.Intra-Mediterranean (2014) Container…