CNOOC Limited (NYSE: CEO, SEHK: 00883) announced that the Company has successfully appraised the Penglai(PL)9-1 hydrocarbon bearing structure following the discovery made in 2010. The appraisal confirmed that PL9-1 is a large oilfield. PL9…
Owners of wrecked 'Rena' held accountable by Maritime New Zealand, bulkhead down, wreck disintegratingMaritime New Zealand (MNZ) has charged the owner of the cargo vessel Rena, following the ship's grounding on Astrolabe Reef off Tauranga on 5 October…
On April 11, 2012, Director André Hollander and Sales Manager Theo Kloosterman announced the first shiprepair order of Damen Shiprepair Brest (France) by sounding the bell in the traditional way. It is the first vessel is booked under the new…
Seaspan Marine entered into a technology support agreement with STX Offshore and Shipbuilding Company Ltd. This partnership will optimize Vancouver Shipyard’s planned facilities upgrades for the Federal Government’s recently awarded $8 billion…
L-3 Westwood received orders totaling over $6.5m from Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding and General Dynamics Bath Iron Works (GDBIW) to provide power distribution equipment for the U.S. Navy’s DDG 114 and DDG 116 ships…
American Commercial Lines Expands Liquid Cargo Fleet With Purchase of Eight 20,000 Barrel Capacity Tank Barges. American Commercial Lines (ACL) today announced the purchase of eight 20,000 barrel capacity tank barges from SeaRiver Maritime Inc…
The Chief Executive of the International Marine Contractors Association (IMCA), Hugh Williams, 59, has announced his intention to stand down at the end of 2012 after 10 years in post.IMCA is the international trade association for offshore…
Recommends Safe Practices to Prevent Falls. The Bureau of Safety and Environmental Enforcement (BSEE) today issued recommendations for safety measures developed from the investigation of an offshore accident which resulted in a fatality…
HSBC reminds UAE forum of growing importance of MENA (Middle East, North Africa) & China trading corridorsTrade corridors between China and the MENA region carry huge economic growth potential for businesses, offering the greatest prospects…
Growing In Deepwater Gulf of Mexico. GOM SITREPAs the feds issue more drilling permits for the Gulf, demand for offshore support vessels in the GOM deepwater sector has accelerated, industry members say. Anger about the government's spill-related…
World’s largest online database for cargo transportation goes live. BMT De Beer, a subsidiary of BMT Group Ltd, has launched CargoHandbook.com (www.cargohandbook.com), the world’s largest online database for cargo transportation in the marine industry…
Crowley Awards Scholarships to Two Pennsylvania Students in the Williams-Mystic Maritime Studies Program.Crowley recently awarded Thomas B. Crowley Sr. Memorial Scholarships to Ariel Zhou and Caiti Campbell, who are taking part in the Maritime…
Scorpio Tankers Inc. (STNG) is offering a minimum of 3.5 million shares of its common stock in a registered direct placement at a price of $6.75 per share, for which Evercore Group L.L.C. and RS Platou Markets AS are acting as placement agents…
Ship Finance International Limited (NYSE:SFL) has agreed to terminate chartering agreements with Horizon Lines, LLC relating to five of its vessels. Ship Finance will receive as termination compensation $40 million in second lien notes issued…
Group Will Develop Recommendations to Increase Trade Opportunities and Business Investment in Illinois.Governor Pat Quinn today convened the first meeting of the Illinois Export Advisory Council. As part of Governor Quinn’s commitment to strengthen the Illinois economy and create jobs…