Goldman Sachs' head of oil and agricultural trading, Karl Robijns, is retiring from the firm, an internal memo seen by Reuters showed.London-based Robijns, who first joined Goldman as an oil trader in 1998, has headed the bank's global oil…
ITIC has warned that the so-called ‘hold harmless’ clauses in many of the contracts entered into by its members may contain pitfalls which could prejudice their rights. A mutual hold-harmless indemnity clause should provide that each party…
Designers, Robert Allan, inform that Leevac Shipyards has completed the construction of the second of their Z-Tech designed 2400 tugs. The latest, 'Zeus', has been delivered to its owners Suderman & Young Towing Company of Houston, Texas following…
Energy sector breathing equipment specialist Air2Work has announced the appointment of new CEO Kevin O'Connor in Aberdeen, as it confirms an investment of more than £1million to expand its UKCS fleet of equipment for workers operating in hazardous environments on and offshore…
The Panama Canal Authority (ACP) said that Grupo Unidos por el Canal. S.A. (GUPC) has resumed work on the new locks project during the afternoon of Thursday, February 20.“Works have restarted this afternoon,” said Panama Canal Administrator Jorge L…
Bibby Offshore Singapore (BOS) said it has successfully completed a call out contract with PTT Exploration & Production Co Ltd (PTTEP).The project involved a short notice mobilization, and saw the BOS-operated DP2 ROV Support Vessel, the…
Marine transport advisors McQuilling Services explain in a tanker industry note that timing is everything in a volatile tanker market.McQuilling explain that on the outset, one might not directly see a similarity between Valentine’s Day and the tanker market…
Sweden, South Korea and Denmark have initiated a global partnership on the development of e-navigation solutions. Modern technology will lead to higher safety and more efficient transports at sea.The Swedish Maritime Administration is leading the largest European e-navigation project…
Global energy technology services company Proserv has secured two contract wins in the Gulf of Mexico worth a combined $17 million. The deals with Noble Energy and Talos Energy will see Proserv carry out work at the operators’ respective Gunflint and Phoenix Field Expansion developments…
The Department of Defense, Navy, announce that Electric Boat Corp., Groton, Conn., is being awarded a $520,000,000 undefinitized contract action under existing contract (N00024-12-C-2115), for additional long lead time material associated with…
A series of frauds, emanating from Turkish ports involving the shipment of bogus cargo and perpetrated against ship owners, have been uncovered by the security arm of the UK P&I Club, Signum Services, as reported in a prevention advice note…
Alion Science and Technology, a global engineering, technology and operational solutions company, announced that Ron Crocker has joined the company to enhance GSA communications and provide strategic management of several of Alion’s GSA indefinite…
BW Offshore announced that it has exercised an option to acquire the tanker Blue Opal for $83.4 million from Daewoo Shipbuilding & Marine Engineering (DSME). Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012.BW Offshore…
The Marseilles Fos port authority has signed a five-year renewal of its agreement with the United Nations Conference on Trade and Development (UNCTAD) to provide management training for ports in French-speaking Africa.The collaboration dates…
Specialist shipping intermediaries insurer ITIC says that the failure of shipbrokers to follow up on time-sensitive messages can have serious financial consequences, particularly in fluctuating spot markets.In its latest Claims Review, ITIC…
