ABB announced that it will deliver advanced electrical propulsion systems for four LNG carriers under construction by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. The LNG vessels are a joint venture between China National Offshore Oil Corporation (CNOOC)…
The subsea vessel Island Performer has been upgraded for her next assignment in the US. Ulstein Verft has installed cargo tanks and corresponding piping, a switchboard room for deck equipment and the sea fastening frame for stacks, as well as platforms for the tower winches…
It is only after some time following traumatic events that mental health complications may surface. Assessment immediately after such events would most probably show signs of the common and perfectly normal after effects of extraordinary life events…
Abu Dhabi investment firm Waha Capital plans to invest 3.2 billion dirhams ($872 million) in the short-term to grow its energy, healthcare and infrastructure portfolio, its chief executive said on Sunday.Salem Rashid al-Noaimi spoke…
CMA CGM Opens a new branch in Constantine, (Algeria) and an agency in Sihanoukville, (Combodia)Following are the addresses in the respective countries:CMA CGM Algérie, LtdCentre d'affaires El MedinaZone Industrielle Rhumel N°…
A hijacked Malaysian coastal tanker has been recovered by the prompt actions of the Malaysian Maritime Enforcement Agency (MMEA) off the coast of Malaysia.The owners of the Malaysian tanker lost contact with the tanker at 2200 hours on 28 January 2015…
Scorpio Tankers Inc. has taken delivery of STI Veneto, an LR2 product tanker from Hyundai Samho Heavy Industries Co., Ltd. This vessel will begin a voyage for 60 days at approximately $32,000 per day.With this Scorpio Tankers owns 63 tankers (nine LR2 tankers…
Azerbaijan criticised Standard & Poor's for resorting to what it said were 'double standards' after the agency revised the country's sovereign credit outlook downward to negative on Friday.S&P said Azerbaijan's fiscal and external balances would be hurt by the substantial drop in oil prices…
The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.m.) in the auditorium of Zona Franca in the Las Palmas Port.The event…
Chevron Corporation (NYSE:CVX) today announced a $35.0 billion capital and exploratory investment program for 2015. Included in the 2015 program are $4.0 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron…
Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced a composite Scheme of Arrangement (“Scheme”) for the demerger of the ‘Port Undertaking’…
In 2015, the Port of Houston Authority has budgeted $275 million for various capital improvement projects. About $184 million is being allocated to its container terminals for continuing development of Bayport and modernization at Barbours Cut…
Brazil's government is planning to take steps to save energy through more efficient usage to avoid blackouts and the risk of rationing, Energy Minister Eduardo Braga said on Friday.The worst drought in more than 80 years has drained hydroelectric…
Lead industry negotiator Royal Dutch Shell Plc said on Thursday it was 'optimistic' a new three-year agreement could be reached with a union representing hourly workers at 63 U.S. refineries that account for two-thirds of U.S. refining capacity…
In order to accommodate construction of Ultra-Large newbuilding vessels including recently secured 20,000TEU Mega container ships (about 400m in length and about 59m breadth), Imabari Shipbuilding Co., Ltd. has decided to construct a large…