Nordic American Tankers Limited Chairman & CEO Herbjørn Hansson addressed the impacts of low oil prices on the tanker business in a letter to shareholders, citing the decrease in oil price as an overall positive for the world tanker market and…
Tug engineers withdrew plans to strike at Port Hedland, Australia's biggest iron ore port, tug operator Teekay Shipping said on Thursday, removing a threat to exports from BHP Billiton and Fortescue Metals Group Ltd.The Australian Institute…
China and India will account for about 35% of global oil trade in the next 10 to 15 years, according to predictions by Harald Lone, Chairman and CEO of Newport Shipping Group. Many traditional global shipbuilding patterns are in flux with the proliferation of oil and gas coming from the U…
The Australian Renewable Energy Agency (ARENA) today announced $452,000 funding for Fulcrum3D to further develop an advanced cloud tracking system.ARENA CEO Ivor Frischknecht said that effectively tracking and predicting cloud movements…
The Governor of Yamalo-Nenets Autonomous Region, Dmitry Kobylkin, presented the annual report on the situation in the autonomous region.'We have been confronted with new challenges. A number of countries are leading a fairly aggressive sanctions policy against Russia…
TransAtlantic and Stora Enso have signed and started the installation of the first order of a new innovative scrubber that washes out sulphur oxides from ship exhaust gases in a totally closed loop. It has taken years to find a solution that…
Drillsearch Energy Limited today announced a further strengthening of its senior management team with the appointment of Mr Walter Simpson as Chief Operating Officer, reporting to Managing Director Brad Lingo.The most recent role in Mr Simpson’s…
Two members of Fugro’s geoconsultancy team have won international awards – one recently presented in London, UK and the second in Regina, Canada.Dr. Kokkuen Lee, Principal Engineer at Fugro Advanced Geomechanics (Fugro AG), received the David…
Hutchison Port Holdings Limited (HPH) subsidiary Barcelona Europe South Terminal (BEST), located at the Port of Barcelona, today held a ceremony for the arrival of three new Quay Cranes (QCs), part of the next phase of expansion to enhance the terminal’s ability to handle mega-vessels…
The Gazprom Specialized Department was opened today in St. Petersburg State University of Economics, Russia's top-rated higher education institution of economics. Alexey Miller, Chairman of the Gazprom Management Committee Chairman and Igor Maximtsev…
OAO Sovcomflot (SCF Group) today reported results for the nine months and third quarter (Q3) ended 30 September 2014. Nine months 2014 – Financial Highlights (IFRS accounts) USD millions…
China Oilfield Services Limited saw successful delivery of the deepwater semi-submersible drilling rig COSLProspector it invested in and commissioned to build in Yantai, Shandong today. This rig has adopted the latest marine engineering design…
This year’s “Award for Exceptional Bravery at Sea” is given to the crew from the DFDS ship BRITANNIA SEAWAYS. The award is presented by United Nations’ International Maritime Organization (IMO) for exceptional bravery displayed at sea.The…
U.S. Rep. Bill Shuster (R-Pa.) was selected today by the House Republican Conference to serve again as Chairman of the U.S. House Committee on Transportation and Infrastructure, one of the largest committees in Congress. “I am honored that…
The U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement today regarding port congestion, as well as the Transpacific Stabilization Agreement’s (TSA) amendment to expand its scope to include westbound trans-Pacific trade…