Specialist marine insurance intermediary Seacurus launched a new insurance policy to indemnify seafarers in the event of the financial default of their employers which, for the first time, offers recompense in respect of unpaid crew wages.The…
Hyundai Heavy Industries (HHI) to build a US$ 1.9-billion order Floating Production Storage and Offloading unit (FPSO) for Chevron North Sea Ltd.Hyundai Heavy is to carry out engineering, procurement, and construction for the floating offshore…
Heerema Fabrication Group contracted by Marathon E.G. Production to deliver the new Alba B3 greenfield gas compression platform.The Alba Field is a gas and condensate field located approximately 20 miles north of Bioko Island. MEGPL operates…
Women ITF inspectors have recently completed a week-long training programme on women in leadership and strategic change.Twelve of the ITF's 136 inspectors are women, from countries including Germany, Kenya, Korea, Spain, Sweden, Ukraine and the US…
The Club has received the following update on Piracy in the Gulf of Guinea from its correspondents in the area.“In the Gulf of Guinea, we would remind you that the pirates' zone of action now spreads from the Cameroonian Peninsula up to the Ivory Coast…
Unlike the ill-fated 'Guardian' the stranded vessel may soon be towed off the reef as its steel hull is intact.The Philippine Coast Guard are confident are confident that the Chinese vessel can be re-floated after its de-fueling or lightening…
The partners in Russia 's Yamal LNG project are in talks to ship cargoes to Britain & northwest Europe in winter, when heavy sea ice clogs routes to Asia.Under the plan, a fleet of around 14 LNG ice-breaking vessels will deliver Arctic gas…
Evergreen Marine Corp. partnered with French-based CMA CGM Grou, & Yang Ming Marine both offer new container services.Evergreen's new route, called South Red Sea Service, connects Southeast Asia, the Indian subcontinent, and countries near the Red Sea…
Inland Salvage successfully delivers salvaged jack-up drill rig which sank last winter in the Gulf of Mexico. In mid-December 2012 a retired jack-up drill rig under tow from Fourchon, LA to be dismantled in Texas began taking on water. Despite being in the crowded waters of the oilfield…
Norway-based Xeneta gets funding to advance their comparison engine to the shipping industry & expand into new markets.The company, a price comparison service for sea freight, say they have received €1.2m in institutional financing. The round…
Arctic offshore vessel NB 507 has been named after Russian Navigator Aleksey Chirikov at Arctech Helsinki Shipyard.The vessel will be delivered to the largest Russian shipping company Sovcomflot shortly and will continue its path straight to Sakhalin area in Far East Russia…
Eclipse Group Inc., of Annapolis, Md. and Seaward Services Inc., New Albany, Ind. awarded Navy contracts by the Deptartment of Defense.The Eclipse contract is valued at US$ 22,879,990, and the Seaward contract at US$ 21,849,824.Both contracts are cost-plus-fixed-fee…
Treasure hunters Sub Sea Research team up with Howe and Howe Technologies to recover 'Port Nicholson' cargo.Last year, Sub Sea Research made international news with the announcement of their discovery of the $4 billion gold and platinum cargo aboard the SS Port Nicholson…
DONG Energy & Siemens AG sign up to supply and service a total of 154 offshore wind turbines (OWT) of 6 megawatt each.The agreements give DONG Energy the option to install the turbines on its Gode Wind projects in Germany from 2015. Utilisation…
Ridgebury Tankers LLC announce a $200 million commitment from Riverstone Holdings LLC, alongside a $5.7 million commitment from Ridgebury management. The Connecticut-based Company will use the capital to acquire clean product carriers of…