ClassNK and leading global maritime software company NAPA have announced a new joint project to reduce the time and cost of designing vessels in accordance with the new IACS harmonised Common Structural Rules. The new project will enhance the…
Brazil's state-run oil company Petroleo Brasileiro SA extended a leave of absence for the head of its tanker and pipeline unit, Transpetro, for 30 more days according to a filing on Friday.Transpetro President Sergio Machado stepped down…
Expanding its international team of executives, Torqeedo has name Tom Watson as Vice President, global accounts. In this newly-created position, Watson will bring his years of marine industry experience to the young company, managing aspects…
Norway plans to boost the financial firepower of state-owned energy group Statkraft by $1.4 billion to support its renewable power expansion at home and abroad, the company said on Friday.Statkraft is Norway's biggest power firm in terms…
Vessel manufacturer Metal Shark has reached an agreement with Damen Shipyards to market Damen designs, which the company will construct at its Franklin, Louisiana shipyard.“We are proud to offer globally proven Damen designs as we expand our footprint in new markets…
Gazprom and UniCredit Bank signed a bilateral credit agreement worth a total of EUR 390 million in Vienna yesterday.The agreement is of great historical significance both for promoting the mutually beneficial relations between the two…
SAL Heavy Lift GmbH, the leading Heavy Lift operator, has successfully completed a series of complex and sensitive shipments totalling more than 100,000frtts for the Ichthys LNG Project near Darwin, NT.SAL Heavy Lift was contracted by the Project’s freight forwarder SDV…
Subsidiaries of Teekay LNG Partners L.P. and a wholly owned company of Royal Dutch Shell plc today announced that they have entered into time-charter contracts for five newbuild LNG carriers. The vessels will operate as part of Shell's global…
Petroleo Brasileiro SA began operating the furnaces in the atmospheric distillation unit at its Abreu e Lima or 'RNEST' refinery near Recife, said the state-run oil company in a statement on Thursday.The furnaces began operation Wednesday…
The sharp decline in oil prices should not prevent Canada's Conservative government from balancing its next fiscal year budget according to Prime Minister Stephen Harper.He noted that the federal government does not get direct royalties from oil companies…
2H Offshore, an Acteon company, has invested in office facilities in Malaysia and Australia, to support ongoing growth in the Asia Pacific region, the company announced. “The subsea oil and gas industry in Asia Pacific continues to grow rapidly…
The drugs were seized following the search of the cargo vessel Star Stratos at Portsmouth port yesterday evening.Approximately 300 kilos were discovered concealed within a shipment of bananas which had originated in Colombia.Investigations…
Vessel traffic on the Intracoastal Waterway near Bal Harbor, Florida is restricted following an incident involving a yacht and the Broad Causeway bridge. Due to the incident, only the bridge's west leaf is able to open. Restrictions…
The Board of Lerwick Port Authority is strengthening its senior management team in support of continuing activity and development at the busy harbour.The move follows an external organisational review, particularly looking at the staff…
The public is invited to attend the first community workshop to discuss the Livable West Long Beach Plan and Green Terminal Island (TI) Plan on Saturday, Dec. 6, at 10 a.m. at Silverado Park, 1545 W. 31st St.“The goal of both plans is to improve the quality of life in West Long Beach…