Transocean Ltd. announced that it has reached two separate settlement agreements, with the Plaintiffs' Steering Committee (the 'PSC') and with BP Exploration & Production Inc. and BP America Production Co. ('BP'). These settlements together…
ABB announced today it will start production of robots in the United States, making it the first global industrial robotics company to fully commit to and invest in a North American robotics manufacturing footprint. The company made the announcement…
Port of Antwerp has launched breakbulk application for more efficient freight handling. Antwerp has long been the breakbulk port par excellence in Europe. This status finds expression each day anew in a flexible range of high-quality services tailored to the requirements of the customer…
GAIL (India) Ltd has signed a preliminary deal with Royal Dutch Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production, says Reuters and local media reports. Gail, a Maharatna public sector company…
China Shipping Development (CSD) and Cosco have established a joint venture (JV), China Ore Shipping Pte., in Singapore to purchase four 400,000 dwt ore carriers from Vale and operate them. CSD and Cosco’s bulk shipping division Cosco Bulk…
China has denied it is involved in work on the Kra canal, defusing hype over a project that purportedly lets ships bypass the Strait of Malacca and Singapore's port, reports Strait Times. There are no plans by the Chinese government to participate…
India’s largest importer of the chilled gas Petronet LNG has appointed Kapil Dev Tripathi, Secretary, Ministry of Petroleum and Natural gas as Chairman and Director on the Board of the company. The appointment follows the former Chairman and Director of the company Board…
Rear Adm. Joe Tofalo will take command of Submarine Forces, a post that comes with a third star and oversees the submarine force's manning, gear and training. Secretary of Defense Ash Carter announced that the president has made the following nomination: 'Navy Rear Adm…
According to The China People's Daily, Indonesia has just sank a large Chinese vessel and 40 other foreign ships caught fishing in The South China Sea. The Jakarta Post cited Maritime Affairs and Fisheries Minister Susi Pudjiastuti as saying that the Gui Xei Yu 12661…
Global surface warming has slowed since the start of the twenty-first century, while Pacific heat uptake was enhanced. Analyses of ocean heat content suggest that the warm water was transferred to the Indian Ocean, through the Indonesian straits…
Kristin Decas, port director and CEO of Southern California’s Port of Hueneme and chairwoman of the American Association of Port Authorities (AAPA), has been chosen to speak at the U.S. Department of Transportation’s National Maritime Day ceremony on May 21…
Expanded premises for the World Maritime University (WMU) were inaugurated on Monday, May 19, 2015 in Malmö, Sweden, by IMO Secretary-General and WMU Chancellor Koji Sekimizu. WMU is an international educational institute for the maritime community…
Yesterday in Malmö, Sweden, the Korean Shipowners’ Association (KSA) made a donation of $50,000 to the World Maritime University. The donation was handed over by KSA chairman, Youn-jae Lee, at a ceremony attended by Cleopatra Doumibia-Henry…
Alastair Marsh, current CFO at the Lloyd’s Register Group Ltd. (LR), has been appointed as the successor to CEO Richard Sadler who has decided to step down at the end of 2015. Sadler will pass the CEO role to Marsh on October 1, 2015 and…
Maritime services provider V.Group has appointed Sheila Armstrong to the newly created position, head of communications. Based in the company’s V.Ships office in Glasgow, Armstrong will report directly to Executive Director, Bob Bishop.…