The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea (PNG) - when a wrangle over terms is solved. Beyond PNG, in international waters…
The vice-principal of a South Korean high school who accompanied hundreds of pupils on a ferry that capsized has committed suicide, police said on Friday, as hopes faded of finding any of the 268 missing alive. The Sewol, carrying 475 passengers and crew…
Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980s.Ship owners ordered large numbers of vessels between 2007 and 2009…
Lockheed Martin notifies that its first Liquefied Natural Gas (LNG) tank has transitioned from the assembly line to the shipyard for integration with the Wärtsilä LNG propulsion system, and it will be installed in Harvey Gulf’s LNG powered offshore…
Overseas Shipholding Group, Inc. (OSG) lets it be known that U.S. ownership of its common stock at the close of business on April 15, 2014 was 77 percent: the minimum percentage of shares that must be owned by United States citizens in order to preserve the status of OSG as a Jones Act company…
The Rio de Janeiro state pilot tariff will increase by 5.62% from May 1, 2014, said GAC in its daily hot Port News alert. The new tariff will be valid for one year.According to local agency union, pilots had initially requested an increase of 7%.
Owner Operator standardizes on AVEVA Engineering & Design Solutions for increased efficiency on all new projects.AVEVA announced that TOTAL E&P Nigeria Ltd (TEPNG) has adopted AVEVA’s Engineering & Design solutions as part of an Integrated Engineering & Design approach…
NATO is sending part of its naval rapid reaction force to the Baltic Sea as part of measures to step up the defence of its eastern European allies in response to the Ukraine crisis, the alliance said on Thursday.A multinational group of…
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) has announced that the following four MOL-operated and managed vessels were selected for FY2013 “Best Quality Ship Award” (seven vessels receive awards) by the Japan Federation of Pilots’…
Rising Ukraine tensions heighten fears over Russian supply New U.S. unemployment claimants near 6-1/2 year low Brent crude oil was steady below $110 a barrel on Thursday, after hitting a six-week high in the previous session…
InterManager said it welcomes the adoption of new measures to protect seafarers against abandonment.Amendments to the Maritime Labour Convention 2006, agreed at a meeting of the International Labour Organization in Geneva last week, will…
Combined production of crude oil, gas and condensates in the United States is on course to a hit a record this year, passing the previous peak set in 1972.The rise in output has confounded the famous forecast made by Shell geologist M King Hubbert who predicted that U…
The captain of the South Korean ferry that capsized off the southwest coast was facing a criminal investigation on Thursday, an official said, amid unconfirmed reports that he was one of the first people to jump to safety as the vessel began sinking…
Shipowner liability is on the horizon as the Nairobi International Convention on the Removal Wrecks will enter into force on 14 April 2015 following the deposit, on 14 April 2014, of an instrument of ratification by Denmark, with the International Maritime Organization (IMO)…
The US Coast Guard informs that Rear Adm. Charles W. Ray will relieve Vice Adm. Paul F. Zukunft (US Coast Guard Commander designate) as Commander, Coast Guard Pacific Area and Coast Guard Defense Forces West, in a change-of-command ceremony at Coast Guard Island in Alameda…