Korea-based conglomorate STX saw tough times the past year due to severe cash shortage, but is seeking a turnaround in 2013 after offloading some assests. Market analysts have mixed views for STX. Some say that its bold move will help the conglomerate get back on track…
Fugro Atlantic to undertake a geological and geophysical survey for the Virginia Wind Energy Area for the Commonwealth of Virginia.The survey area covers over 45,000ha in the Atlantic Outer Continental Shelf and is seen to be a key step…
A Macau to Hong Kong jetfoil hit a marker beacon in poor visibility while exiting the Macau Outer Harbour entrance channel.The ferry with 177 passengers and 8 crew on board at the time of the incident was towed back to the terminal with reportedly minor structural damage…
Maersk Container Industry (MCI) purchased 116,000 plastic balls for a trial to test & increase the effectiveness of its refrigerated containers in delivering fresh produce. The balls were adapted so they would respire in much the same way as fresh fruit and vegetables do…
Battling the storm a tug and a support vessel succeed in getting lines aboard the abandoned Shell drill rig 'Kulluk'.The vessels are 19 miles southeast of Kodiak Island, according to a joint statement issued by Shell, the Coast Guard and…
CNOOC Limited announce that Panyu 4-2/5-1 & Liuhua 4-1 oil fields in the Pearl River Mouth Basin, South China Sea, start production.Panyu 4-2/5-1 oil field has an average water depth of about 100 meters and an adjustment project has been…
Europeans better protected legally when travelling by water from now onwards.As from 31 December 2012, passengers travelling by sea will have the right to claim compensation for loss or damage in the event of accidents.Passengers travelling by sea and inland waterways in the EU…
Last of the 65 ton blocks that make up the foundation of the extended quay wall of the 1 million TEU expansion laid in place.The Jebel Ali port expansion, scheduled to open for business in the second quarter of 2013, extends the quay wall by 400 metres to 3000 metres…
Elenilto, with state oil company Petrosen, awarded Production Sharing Contract (PSC) by the Government of the Republic of Senegal.The contract is to develop the prospective Senegal Offshore Sud Shallow Oil block. Elenilto will be the operator…
A working collaboration makes progress in developing an advanced microbiological pathway to convert CO2 to fuels and chemicals.Synthetic biology researchers Ginkgo BioWorks has validated that its genetically modified microbes can utilise…
Both companies supply needs of the marine equipment market in the commercial and defense sectors.JCI, headquartered in San Diego, CA with additional operations in Pearl Harbor, HI., is a leading provider of maintenance, repair and overhaul (MRO) services focusing on habitability…
Wärtsilä to supply complete dual-fue (DF) propulsion packages for two new gas tankers being built for owners, Anthony Veder.The contract was signed with AVIC-International Shanghai and Avic-Dingheng Shipbuilding Co. Ltd yard, for the two…
JW Fishers spotlights its new 1200 kHz sonar which provides detailed images of even small and soft underwater targets.This new side scan sonar can show extremely detailed images of even small and soft targets such as old wood wrecks, areas of scattered debris…
Pressure Switch Location for Fixed Fire Suppression Systems Where's yours located? This safety alert addresses the location of fire suppression system pressure switches aboard vessels. These critical components sense the activation of the…
The Panama Canal is celebrating 13 years under Panamanian administration. During this period, the Canal has strengthened its role in international commerce as a result of investment in the modernization of its infrastructure, its expansion and an alliance with its natural surroundings…