Traders and shipping companies scrambled to source fuel and take over supply contracts on Friday after Danish marine fuel supplier OW Bunker said a suspected fraud at its Singapore subsidiary had pushed it to the brink of bankruptcy.The…
The world's largest ship fuel supplier OW Bunker said it would file for bankruptcy as soon as possible to the probate court in Aalborg in the northern part of Denmark.OW Bunker said on Thursday it has discovered fraud by senior employees in its Singapore-based subsidiary…
The National Marine Representatives Association (NMRA) has elected its 2014-2015 officers and board members. Two new officers and three new board members joined the association's leadership group. Brandon Flack of Atlantic Marketing Co.…
Bibby Offshore has been recognized for its commitment to staff and the development of its people with the Investment in People award at the 2014 Oil & Gas UK Awards, as announced last night, Thursday, November 6, at the Aberdeen Exhibition and Conference Center…
Proserv apprentice technician Marnie Toal was presented with the Apprentice of the Year Award last night, Thursday November 6, after being judged to have made a very significant impact on the oil and gas industry during her relatively short career…
Adonis AS (Adonis), a provider of global maritime HR solutions, announced that Petroleum Geo-Services (PGS) has implemented Adonis Personnel Manager (APM) to automate crew planning processes for its multinational maritime workforce. The solution…
SENER attended the 53rd edition of the Naval Architecture Congress in Spain, from October 8-10. It was organized by the Naval Architecture and Oceanic Engineering Association of Spain, this time in Cartagena.SENER's Rodrigo Pérez presented a work about the computer aided design evolution…
Following the announcement made yesterday regarding fraud in Singapore and significant risk management loss, the board of directors regret not having found able to find a solution with the syndicate banks. On this basis, it has been decided…
ABB has been recognized by Thomson Reuters as one of the world’s top 100 innovators for a third year.This award acknowledges companies around the world for their outstanding commitment to global innovation, the protection of ideas and the commercialization of inventions…
The Coast Guard is responding to a report of a downed military aircraft approximately 57 miles south of Panama City, Florida, Thursday.Watchstanders at the 8th Coast Guard District received a call from the Air Force at approximately 9:30 a…
The Navy will christen littoral combat ship (LCS) Montgomery Nov. 8 during a ceremony at the Austal USA shipyard in Mobile, Alabama. Vice Chief of Naval Operations Adm. Michelle Howard, will deliver the principal address at the ceremony…
Singapore Technologies Engineering Ltd (ST Engineering) today announced that further to its announcement on 11 July 2014 on the setting up of ST Electronics do Brasil Serviços e Soluções em Sistemas Eletronicôs Ltda (ST Electronics Brazil) in Brazil…
Kalmar, part of Cargotec, is delivering 18 forklift trucks to four different port authorities in Algeria: Algiers, Bejaia, Djen Djen and Mostaganem. The order was awarded by the Algerian port procurement company, Groupement D'Interêt Commun Des Entreprises Portuaires (GICEP) in April 2014…
Dorian LPG Ltd. today reported its financial results for the three months ended September 30, 2014.Highlights – Second QuarterTook delivery of the second vessel under our VLGC newbuilding program, the Corsair, from Hyundai Heavy Industries Co…
General Dynamics Information Technology, a business unit of General Dynamics, announced today that it will continue to support and expand the analytic engine and reporting system for the Arkansas Health Care Payment Improvement Initiative (AHCPII)…