A new pushboat used to push barges convoys along the Paraguay River will be powered by a Wärtsilä integrated propulsion solution. The vessel is being built at the 'Astillero la Barca del Pescador' (Shipyard SA) yard in Paraguay on behalf of Naviera Yeruti…
Vinalines, a major state-owned shipping firm, is scheduled to launch its initial public offering in the first quarter of 2015, according to the Transport Ministry, the Dau Tu newspaper reports. Vinalines has also sought the ministry's approval…
Greece-based chemical transportation company Stalwart Tankers Inc has postponed its U.S. IPO plans due to 'market conditions,' an underwriter told Reuters. The company filed with U.S. regulators in February to raise up to $100 million in an IPO of its common stock…
U.S. Navy Aims To Smooth Impact Of Fiscal 2015 Cut To Ship Orders Add to Collection(Oil)|PrintDownload:Plain TextXMLAll WASHINGTON, April 10 (Reuters) - The U.S. Navy hopes to smooth out the impact on Lockheed Martin Corp…
President Vladimir Putin warned on Thursday that Russian gas supplies to Europe could be disrupted if Moscow cuts the flow to Ukraine over unpaid bills, drawing a U.S. accusation that it is using energy 'as a tool of coercion'. In a letter to the leaders of 18 European countries…
Australia's Padbury Mining Ltd said it had secured almost $6.5 billion in funding to build a new deepwater port and railway at Oakajee in Western Australia, potentially opening a new export hub for the region's iron ore riches. Plans for…
A working group of the Merchant Marine Personnel Advisory Committee (MERPAC) will meet to work on Task Statement 80, concerning crew training requirements onboard vessels subject to the International Code of Safety for ships using gases or low flashpoint fuels (IGF Code)…
The National Ocean Industries Association (NOIA) Board of Directors has elected John T. Rynd as Chairman of NOIA and Cindy B. Taylor as Vice Chair of NOIA for the upcoming 2014-2015 term. Rynd and Taylor assumed their positions at the NOIA Annual Meeting today in Washington…
ConocoPhillips, the largest independent oil company, is using the knowledge it gained drilling in Texas' Eagle Ford rocks to fuel growth in less-developed shale formations in North American and even Poland.'The value associated with that learning curve has been pretty tremendous…
CLIMAX Portable Machining & Welding Systems, industry pioneer in the design and manufacture of portable on-site machining and welding tools, announced today it has hired Scott Kunkler as Vice President of Global Quality and Engineering. Kunkler joined the CLIMAX World Headquarters in Newberg…
Greencarrier Freight Services, one of the Nordic region’s largest privately owned global transport companies, has opened an office in Minsk, Belarus.The company has expanded through both organic growth and acquisition since it was founded…
Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared a cash distribution of $0.6918 per unit for the quarter ended March 31, 2014. The cash distribution for the quarter ended March 31…
At this week’s 12th Annual Ferry Shipping Conference sailing on board Romantika between Stockholm & Riga, Danish Naval Architects, Knud E. Hansen A/S, were awarded the 2013 ShipPax Award. The award was presented in recognition of the efficient…
Inchcape Shipping Services (ISS) is advising of the approach of Cyclone Ita towards the North Queensland coast of Australia. Forecast to develop into a severe category level 4 tropical cyclone, it is expected to make landfall late on Friday…
The UK P&I Club’s Pre-Employment Medical Examination Program has just completed its 300,000th examination. At the beginning of April, Edward Nefuda, a Second Engineer from Anglo-Eastern Crew Management Phils, Inc, was successfully passed…