USCG revises policy on transfer of cargo by foreign tank vesselsThe U.S. Coast Guard (USCG) Sector Houston-Galveston has established a policy governing the transfer of cargo by foreign tank vessels in advance of overdue safety compliance…
Delays to general shipping at Cape Town are possible today, June 26, as the oil rig Scarabeo 7 will be docking, weather permitting, GAC reported in its daily Hot Port News report.The rig is being brought into port after experiencing technical problems outside the port limits…
Vice Commandant of the U.S. Coast Guard (USCG) Vice Adm. Peter Neffenger presented the 2014 Rear Adm. William Benkert Awards at the American Petroleum Institute's (API) annual tanker conference Thursday. The award is given to support and recognize…
EXMAR NV today announced that it has closed a $114 million (NOK 700 million) senior unsecured bond issue due in July 2017. All interest and principal payments have been swapped into U.S. dollars at an all in fixed interest rate of 5.72%. The…
The part reserved to institutional investors in the initial public offering of Italian shipbuilder Fincantieri was still not fully covered as of Wednesday evening, two sources close to the matter said on Thursday.The company is likely to…
States Domestic Maritime’s Commitment to Meeting Transportation Needs of Changing Energy EconomyAppearing before the American Petroleum Institute’s Tanker Conference in Austin, AWO President & CEO Tom Allegretti affirmatively stated that…
Imtech Marine and Caledonian Maritime Assets Ltd (CMAL) have won the Electric & Hybrid Propulsion System and Supplier of the Year Awards at the Electric and Hybrid World Expo, held in Amsterdam.Rotterdam-headquartered Imtech Marine was asked by Ferguson Shipbuilders in Scotland…
America’s waterways are the economic engine that drives national prosperity. The federal effort in facilitating the safe and efficient operations of these waters must be an accelerant rather than a brake on this economic engine. To this end…
Underwriters must do their homework and those who do that will generally have solid results.Insurers, by definition, are in the business of risk. Hence, risk assessment is a critical aspect of day-to-day operations. That said; it always…
Readiness for Panama Canal Expansion is Just One Variable Driving Global Play. Inland Waterways, Ports Must Tackle Time and Money Issues to Play in the Post-Panamax Era. It’s risky business.It always comes down to time and money, doesn’t it…
Some 650 dignitaries, customers and industry stakeholders joined DNV GL, ship classification society and risk and sustainability service provider, for a night in Hamburg. Held at the Fischauktionshalle Halle, the event celebrated the 150th anniversary…
Thousands of international maritime experts met this past week at the Terminal Operations Conference and Exhibition (TOC Europe) to discuss recent industry developments. Fraunhofer CML was represented at the three-day conference, presenting its new study…
Despite its unquestionable allure, LNG as a fuel carries with it as many risks as it does answers to the problems it promises to solve. As industry and OEM’s work to remove any doubt, the collaborative effort outpaces the slow-moving regulatory machine…
Norwegian labour union SAFE has agreed a wage deal with offshore oil producers, it said on Thursday, averting a strike at several ExxonMobil Corp fields which would have cut output.'There will be no strike among SAFE's members (working) on the continental shelf…
Drum Cussac readies local countries to address the scourge of piracy, which up until now has been a largely international endeavor, with a focused ‘capacity building effort.’The late Nelson Mandela once said: “I dream of an Africa which is in peace with itself…