NewLead Holdings Ltd. announced today that the Company reached a full and final settlement with Ironridge Global IV ('Ironridge') on December 11, 2014 of all disputes between the parties. Pursuant to the settlement, the arbitration proceedings…
There are strong indications that the Maritime Workers of Nigeria (MWUN) may shut down port operations nationwide from tomorrow (17 December), and begin an indefinite strike over a number of longstanding issues.At the weekend, the union…
McDonald's Holdings Co (Japan) Ltd has embarked on the emergency measure of only offering small-sized french fries to customers as a protracted labour dispute at U.S. West Coast ports has contributed to long delays in imports.The fast-food chain said it was importing more than 1…
Mariners are advised that due to low precipitation, and declining outflows, the water levels on Lake St-Louis are lower than normal. For this reason, the speed limit between buoys A30 and A40 is reduced as follows: Vessels with a draft…
The Municipality of Rotterdam, Port of Rotterdam Authority (PoR), Erasmus University of Rotterdam and Rotterdam partners are joining hands to put Rotterdam more clearly on the map, both at home and abroad. The concerted profile under the…
Following a new Recommended Practice (RP) for subsea lifting, DNV GL has published an RP providing guidance on how to establish, implement and maintain an integrity management system (IMS). According to DNV GL, the aim is to help operators carry…
The secretary-general of the Organization of the Petroleum Exporting Countries (OPEC) said on Sunday the price of oil had fallen further than market fundamentals would have dictated.Speaking at an event in Dubai, Abdullah al-Badri added…
Some private investment companies are looking to profit from preserving forests in developing countries, betting that the emissions reductions can be sold in future carbon markets.London-based Permian Global said on the sidelines of U…
Czech power utility CEZ will wind down operations of its coal-burning plant in Bulgaria on Jan. 1, after it failed to get an exemption from European Union environmental rules, the company said on Saturday.CEZ had hoped Brussels may allow…
Inchcape Shipping Services (ISS), the world's leading maritime services provider, is advising that Belgian trade unions have called a national strike for Monday. The strike, which will commence at midnight on 14 December and will continue through to midnight on 15 December…
North Dakota's strict new standards for oil treatment, requiring every barrel of crude be filtered for dangerous types of natural gas, should add 10 cents to the cost of producing every barrel, regulators said on Friday.That's roughly $3…
Petrobras clarifies that it has been decided not to publish the financial statements for the third quarter of 2014 not reviewed by the independent auditors in view of the new incidents, after the day November 13, 2014, relating, directly or indirectly…
Inchcape Shipping Services (ISS), the world's leading maritime, cargo and supply chain solutions provider has announced a key hire to its senior management team with the appointment of Steve Schollaert as Executive Vice President for North America region…
Leighton Holdings today announced it had entered a binding agreement for the sale of John Holland to CCCC International Holding Limited (CCCI).CCCI is a wholly-owned subsidiary of China Communications Construction Company (CCCC), the…
The United States Congress this week enacted the strongest statement of support for the Jones Act and the American domestic maritime industry since the Merchant Marine Act of 1936. The measure was included as part of the National Defense Authorization Act (H…