Contracts News

 

Fitzpatrick Appointed President of Robert Allan

Feb 22, 2015

The Board of Directors of Robert Allan Ltd. have accepted the announcement from Ken Harford, P. Eng. of his intention to retire in June, 2016 after eight years of leadership at Robert Allan Ltd.“Having completed the ownership transition…

Retailers to Obama: Bring ILWU, PMA to Washington

Feb 20, 2015

The National Retail Federation issued the following statement from Vice President for Supply Chain and Customs Policy Jonathan Gold on the ongoing West Coast port contract negotiations between the International Longshore and Warehouse Union…

Union Rejects Oil Refinery Contract Offer

Feb 20, 2015

Union negotiators on Thursday rejected the latest contract offer from oil companies and said the largest U.S. refinery strike since 1980 may spread to more plants beyond the 11 where walkouts are underway.The United Steelworkers union (USW)…

West Coast Port Talks Break Without Settlement

Feb 20, 2015

Shipping executives and union leaders for dockworkers at West Coast ports ended a third day of contract talks presided over by the U.S. labor secretary late on Thursday without reaching a settlement, but planned to meet again on Friday, a source close to the situation told Reuters…

Transocean CEO's Exit Possibly Linked to 'Lack of Vision'

Feb 20, 2015

Barely two months into his new job as the head of the world's largest offshore driller, Steven Newman was steering Transocean through the 2010 Gulf of Mexico oil spill, quickly earning a reputation as a CEO with a steady hand.Too steady…

U.S. Refinery Strike in 18th Day as Talks Resume

Feb 19, 2015

The largest U.S refinery workers strike since 1980 passed its 18th day on Wednesday but talks between union and oil company representatives over safety and pay restarted after a gap of a week and went into the night, according to a union text message…

OCHA, APEC Ink Deal to train Foreign Dockers

Feb 19, 2015

OCHA, the training center for dock workers in the port of Antwerp, will collaborate with APEC-Antwerp/Flanders Port Training Center to organise joint courses for dock workers and operators from ports in other countries. The new courses will…

Oil and Gas Industry Contracts Down 22% in Q4 2014

Feb 18, 2015

The number of major contracts awarded across the global oil and gas industry declined during the last quarter, according to the latest quarterly report from the UK-based Energy Industries Council (EIC).There were 117 major contract awarded between October and December 2014…

U.S. Labor Secretary Joins West Coast Port Talks

Feb 18, 2015

U.S. Labor Secretary Tom Perez on Tuesday urged shipping company executives and union leaders for 20,000 dockworkers to settle a contract dispute that has led to months of clogged cargo traffic and other disruptions at 29 West Coast ports.Perez…

Hamburg Süd, CCNI Ink Sale and Purchase Deal

Feb 17, 2015

Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (Hamburg Süd) has signed a sale and purchase agreement to acquire the container liner activities of Compañía Chilena de Navegación Interoceánica S.A. (CCNI) including the related general agency functions of Agunsa Agencias Universales S…

Transocean CEO Steps Down, Dividend Slashed

Feb 17, 2015

The chief executive of Transocean Ltd , one of the world's top offshore drilling companies, is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices.Transocean said on Sunday that Chairman Ian Strachan…

US Oilfield Jobs Coninue Unabated

Feb 17, 2015

When Ian Sandlin was laid off last week after 13 months working on oil rigs in southeast Texas, he was surprised to have lasted that long.'I knew it was coming,' he said. 'I wasn't the first to be let go.'The 27-year-old Houston native…

EMGS to Appeal Ruling On Patent Invalidity

Feb 16, 2015

As previously announced, Electromagnetic Geoservices ASA (EMGS) has issued claims against Petroleum Geo-Services (PGS) in the High Court of Justice, Patent Court, in London, UK, and in Norwegian courts on the basis that PGS used its Towed Streamer EM in the territory of the United Kingdom…

Horizon Lines to Settle Merger Litigation

Feb 16, 2015

Horizon Lines, Inc. announced it has reached an agreement in principle providing for the settlement and dismissal, with prejudice, of the consolidated putative class action complaint pending in the Delaware Court of Chancery in connection with Horizon's proposed merger with Matson Navigation…

MOL JV Ink Deal for 2 LNG Vessels

Feb 14, 2015

Mitsui O.S.K. Lines, Ltd.  announced today that through a joint venture ship-owning company with Itochu Corporation charter agreements have been signed with E.ON Global Commodities SE, a wholly owned subsidiary of E.ON SE. The joint venture…

Logistics News

Russian Yamal LNG Plant Ships First Cargo This Season Via Northern Sea Route

Russian Yamal LNG Plant Ships First Cargo This Season Via Northern Sea Route

Maersk Pauses Haifa Port Calls

Maersk Pauses Haifa Port Calls

First BYD Electric Cars Delivered to Mexican Port

First BYD Electric Cars Delivered to Mexican Port

Iran Maintains Oil Exports During Conflict

Iran Maintains Oil Exports During Conflict

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Asian spot LNG price at 4-month-high on supply concerns
Euro zone yields are on track to drop by a week, Middle East is in focus
Turkey's Urals crude imports will reach a 1-year high in the month of June