OAO Sovcomflot (SCF Group) signed a new USD 319 million 10 year credit facility with a consortium of leading European banks with ING acting as Agent. The funds will be used towards financing two new ice-class LNG carriers SCF Melampus and SCF Mitre…
Germany's new, lower targets for CO2 emissions will further curb demand for carbon permits and undermine Europe's already dysfunctional emission trading system, the EU's new energy commissioner told a German newspaper.'The agreed additional…
The United States is willing to help Hungary and other European countries build energy infrastructure to reduce its dependence on Russian oil and gas, U.S. Chargé d'Affaires in Budapest André Goodfriend has told Nepszava newspaper.'Relying on Russian sources threatens energy independence…
Russian natural gas producer Gazprom said on Saturday it had received a prepayment of $378.22 million from Ukraine for natural gas supplies, paving the way for the first shipments to Kiev since Moscow cut supplies in June.Ukraine's state energy firm…
Sri Lanka slashed fuel prices by up to nearly 6 percent on Saturday to reflect falling global oil prices and said it would forgo subsidies and allow market forces to determine prices at the pumps from now on.The fuel price reduction comes…
Shin Yang Shipyard of Miri, Sarawak, Malaysia has delivered the sister ships MV Anis and MV Alya. Designed by Wartsila Ship Design Singapore, the 83.8-meter (275-foot) maintenance and work boats have massive capacities.Accommodation is provided for up to 199 people…
Celebrity Cruises has taken a bold step in ship design with the signing of a letter of intent for a new class of vessels, Royal Caribbean Cruises Ltd. and French shipbuilder STX France announced today. The two 2,900-guest, 117,000-gross-registered-ton ships…
The Coast Guard medevaced a 71-year-old woman suffering from abdominal pain Saturday from a cruise ship approximately 50 miles east of Cape Hatteras, North Carolina.Crewmembers aboard the Norwegian Breakaway, a 1,069-foot cruise ship, contacted Coast Guard watchstanders at approximately 8:45 a…
In November 2014, Bosch Rexroth celebrated the 25th anniversary of its Fountain Inn, SC hydraulics production facility. After undergoing an expansion in 2013, the location is home to the company’s largest hydraulics manufacturing facility in the Americas…
Horizon Shipbuilding Inc. recently delivered two towboats to Florida Marine Transporters. The towboats are the 120’ GIANNA HULL and the 80’ JOHN COX.This is the third vessel Horizon has delivered to Florida Marine Transporters this year…
HMS Global Maritime welcomed Allen Naugle as the Director of Safety, Quality and Environment as of December 1, 2014. He will be headquartered in the HMS Global Maritime Corporate office in New Albany, IN. Allen brings 28 years of engineering and leadership experience to the team…
On 4 and 5 December, EUCAP Nestor Head of Mission, Etienne de Poncins, visited EUCAP Nestor’s Country Office in the Seychelles. During his visit, he met several high officials to discuss the way ahead for the exemplary and successful cooperation between the Seychelles and the Mission…
On Tuesday, December 9, 2014 at 4 p.m., the Port of Galveston along with Moody National Bank, Texas First Bank, Hometown Bank and Webber L.L.C. will celebrate the expansion of Cruise terminal 2. The ceremony will take place at the Port of…
Specialist marine insurance intermediary Seacurus says that overall confidence in the successful implementation of the Maritime Labour Convention 2006 (MLC) should not conceal the fact that there is continuing concern over the risk of abandonment and the timely payment of crew wages…
With most holiday merchandise safely in the country despite significant congestion impacting West Coast ports, import cargo volume at the nation’s major retail container ports is expected to continue to slow down this month, according to…