Norwegian oil and gas firm Statoil plans to have 20 percent fewer employees by end-2016 compared to the beginning of 2015, its chief executive said on Monday.'Suppliers have to take their responsibility to cut costs. We are also taking our part in the restructuring…
The inaugural bilateral maritime exercise between India and Australia, AUSINDEX15, has concluded in Visakhapatnam, India. The activity brought together ships and aircraft from both countries to strengthen defence co-operation under the…
Crowley Maritime Corporation recently participated as one of several Gas Technology Institute (GTI) funding collaborators to bring liquefied natural gas (LNG) awareness training to 150 stakeholders and first responders in Jacksonville.GTI…
China made its pitch to ASEAN members to promote its Maritime Silk Road plans. China has said it will finish negotiations on upgrading the China-ASEAN Free Trade Area called CAFTA by the end of this year, said Vice-Premier Zhang Gaoli. He…
In their recent published Annual Report 2014 Top US Coast Guard official says there will be no let-up in the battle to end ship-sourced waste-oil pollution and ISM Code deficiencies, with even tougher inspection procedures on the way. The…
The Port of Felixstowe is creating an environmental corridor as part of the Go Green campaign launched by Hutchison Port Holdings (HPH) and a number of other global port operators.The initiative at Felixstowe will include the refurbishment of part of a system of dykes within the port…
The need to regulate and police the maritime domain to tackle global threats is as pressing as ever, according to Phil Cable, CEO and cofounder of maritime security company MAST. “The global threats faced by the maritime environment, whether it be terrorist…
Simrad Yachting announced today that Simrad HALO Pulse Compression Radar has been awarded the National Marine Manufacturers Association (NMMA) Innovation Award in the OEM Electronics category at the 2015 International BoatBuilders’ Exhibition & Conference (IBEX)…
Addressing the US - Liberia Trade & Investment Forum in New York City, APM Terminals Liberia Managing Director George Adjei points to a 30% increase in import container traffic at Liberia’s largest port as a reason for great confidence in Liberian investment…
Wah Kwong Ship Management (HK) Limited will adopt DNV GL’s ShipManager integrated fleet management software suite to further improve operational efficiency, data transparency and safety reporting.Wah Kwong is a leading provider of maritime transport in the bulk carrier…
UK offshore vessel owner Subsea contractor Ceona has gone into administration, with the loss of 102 jobs. Ceona and Ceona Services (UK) Ltd have been hit by the depressed subsea market caused by the low price of Brent crude oil. The…
The Australian Competition and Consumer Commission (ACCC) has raised concerns that Royal Dutch Shell's proposed $70 billion takeover of BG Group may lessen gas supply competition in eastern Australia and delayed a final decision on the bid to November…
Beach Energy Ltd announced today that Robert Cole resigned as Managing Director of the company. Mr Cole will remain with Beach until 14 October 2015 to allow for an orderly transition.As announced on 19 August 2015 Mr Cole has been on leave to attend to family matters in Perth…
IUMI – the International Union of Marine Insurance – at its annual conference in Berlin yesterday announced that global hull premiums for 2014 totalled USD 7.6bn, a 5.8% reduction from 2013. IUMI’s Ocean Hull Committee Chairman, Mark Edmondson…
Dry-bulk shipper Global Maritime Investments Cyprus Ltd. filed for chapter 11 bankruptcy protection New York Tuesday in order to liquidate its business due to a continued industry downturn, reports WSJ. The bankruptcy filing of the international shipping company came in New York…