Press release- This year’s cruise shipping season in Kiel was ending on Tuesday October 20th with a visit by the “AIDAcara”. Overall the port registered 133 calls this year by 25 different ships with a total tonnage of more than 8.6 million GT (an increase of 19…
Korean Register (KR) - an IACS member classification society – was selected as the very first recipient of the new ‘K-Award’ launched at the KORMARINE Conference 2015 in Korea.The ‘K-Award’ recognizes organizations or individuals for their…
Morocco has launched an international tender seeking a financial advisor for its plan to boost liquefied natural gas (LNG) imports, state-owned power utility ONEE said on Thursday.ONEE said the last date for submitting bids for the tender is Dec…
Brazil has told Dutch SBM Offshore NV, the world's top oil production ship leaser, to agree soon to a $250 million bribery settlement if it wants to regain its biggest client in the world's largest oilship market, a government source told Reuters…
Novatek, Russia's No.2 gas producer, will stick to plans to raise financing for its Yamal LNG project by the end of the year, Chief Executive Leonid Mikhelson was quoted as saying by Russian news agencies on Thursday.Russian banking sources…
In a new study, researchers from the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI) show for the first time that marine litter can even be found at the sea surface of Arctic waters. Though it remains unclear how the litter made it so far north…
The concept of using wind power for offshore oil and gas applications is one step closer to realisation. WIN WIN, a DNV GL-led joint industry project (JIP), is running with the following seven participants: ExxonMobil, ENI Norge, Nexen Petroleum UK Ltd…
Financially-troubled Japanese dry bulk specialist Daiichi Chuo Kisen Kaisha plans to halve its current long-distance shipping fleet, reports Nikkei. The debt-ridden shipowner under civil rehabilitation proceedings, also plans to improve profitability by updating charterage to shipowners…
In an industry first, the Miami-based Carnival Corp. will develop a multi-ship domestic Chinese cruise brand with Chinese partners. Carnival, the world’s largest cruise company, formed a joint venture with China State Shipbuilding Corp…
India government’s failure to take a decision on the purchase of 98 Black Shark torpedoes worries Indian Navy as the induction of the first Scorpene submarine is less than a year away, reports DHNS. The navy plans to buy Black Shark torpedoes…
Scotland-based Ferguson Marine Engineering (FMEL) has signed a deal to build two 100-meter, dual-fuel ferries for Caledonian Maritime Assets Ltd (CMAL) in a contract worth £97 million (USD 150 million) that will boost shipbuilding on the River Clyde and secure 150 shipyard jobs…
The Bahrain National Oil and Gas Authority (NOGA) will award a $400 million Liquefied Natural Gas (LNG) terminal contract next month, Energy Minister Abdulhussain Mirza told local media this week. The LNG terminal will be constructed near Khalifa Bin Salman Port…
Greece and the US are likely to reveal a joint venture to develop a liquefied natural gas (LNG) terminal when US Secretary of State John Kerry makes an official visit to Athens in November. According to a local news report in eKathimerini…
Shipping rates in New Zealand waters have become 'unsustainably low' in the wake of supply chain agreements such as between Kotahi and Port of Tauranga, NBR reports as South Port New Zealand chairman Rex Chapman saying. The company's…
“Sustainable development” has gone from buzz word to business imperative in the two decades since the initial Earth Summit in Rio de Janeiro in 1992. Companies are increasingly evaluated on how well they address sustainability as a critical…