The Maritime Administration (MARAD) is seeking comments on the agency’s proposed policy to accept, evaluate and process license applications for the construction and operation of offshore deepwater export facilities. The agency is proposing to use the existing Deepwater Port License regulations…
The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday, though Russia and Jordan abstained from the vote over concerns about the move…
Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.The facility is comprised of a $192m term loan facility and a revolving credit facility of up to $148m…
Eniram, the Finnish award-winning provider of fuel-saving technology, announced it had been named in the prestigious 2014 Global Cleantech 100, produced by Cleantech Group, whose mission is to connect corporates to sustainable innovation through the i3 market intelligence platform…
London-based ship manager Newport Shipping has introduced a new revenue sharing agreement (RSA) concept to the Handysize bulk carrier sector and will now market the scheme under Newport Handy Bulkcarriers.The RSA concept, proven in the larger Supramax…
The Board of Directors of Matson, Inc. ('Matson' or the 'Company') (NYSE: MATX), a U.S. carrier in the Pacific, has declared a fourth quarter dividend of $0.17 per common share. The dividend will be paid on December 4, 2014 to all shareholders of record as of the close of business on November 6…
Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, according to a new survey by international accountant and shipping consultant Moore Stephens. The…
MMT announced the achievement of high scores on the Achilles FPAL Verify audit.The Achilles FPAL community serves the procurement needs of the wider European oil & gas market. FPAL Verify is a supplier assessment that involves a two day visit to a nominated suppliers’ premises to audit Quality…
Peter Hutton has been appointed senior vice president CFO investor relations and will report to chief financial officer Torgrim Reitan.Hutton is currently director of oil and gas research in RBC Capital Markets London, and has broad international experience from the oil and gas industry…
Mexico's state-owned oil company Pemex reported a sharply deeper third quarter loss, nearly 50 percent larger compared to the same period last year, the company said on Friday in a filing with the Mexican stock exchange.Pemex said its quarterly loss totaled 59…
The London P&I Club saidfailure to preserve Voyage Data Recorder (VDR) data in the event of an incident can compromise the owner’s position in the event of a claim.In the latest issue of its StopLoss Bulletin, the club says that its ship…
Diana Containerships Inc. (NASDAQ: DCIX) has agreed to extend the present time charter contract with A.P. Møller-Maersk A/S, for its Panamax container vessel, the m/v Sagitta, for a period of minimum 10 months to maximum 12 months. The gross charter rate is US$7…
Exports of Russian Urals crude oil are set to decline in November as domestic refineries are wrapping up maintenance work, a preliminary program showed on Friday. Russian November Urals oil exports from the Baltic Sea port of Primorsk are seen down to 3…
Singapore, the world's biggest bunkering port, plans to end the so-called 'cappucino effect' in ship fuelling through new meters designed to stop suppliers from short-changing customers, although the industry is warning of a short-term sales dip…
Singapore-based offshore oilfield services firm Ezra Holdings Ltd's quarterly net profit rose 10 percent, with full year revenue rising to a record, powered by a strong performance in its subsea services division. The company said net profit…