Azerbaijan's 2016 budget draft envisages an estimated oil price of $50 per barrel, down from $90 this year, and sees economic growth of 1.8 percent, the document published on the finance ministry's website showed on Monday.The former Soviet…
The first remote-controlled ferry demonstrator could hit the water within four to five years thanks to a new wave of research into operational efficiency based on ship intelligence solutions.The prediction from Oskar Levander, VP for innovation…
Press release - Aker Solutions has appointed José Formigli to its innovation board and to serve as an adviser for overall strategic decisions.Formigli, a Rio de Janeiro native and engineer by training, has more than 30 years' experience in the oil and gas business…
The International Bunker Industry Association (IBIA) is working with the government of Mauritius to host a Forum examining business opportunities linked to the island’s development as an international bunkering supplier and hub. Mauritius…
On Saturday, August 29, 2015, the world’s first series of energy efficient containerships welcomed its second LNG-powered vessel in San Diego, fueling the U.S. maritime industry with cutting edge economic and environmental efficiencies powered by liquefied natural gas (LNG)…
The Danish shipping giant Maersk has decided to commercialise its new tech invention - SEA-Mate Blend-on-Board - developed by the subsidiary Maersk Fluid Technologies (MFT), says Denmark's post. The new technology recycles motor oil and…
The U.S. Department of Transportation’s Maritime Administration (MARAD) today celebrated the launch of field trials for the first prototype hydrogen fuel cell unit to power onboard refrigerated containers. MARAD, through a cooperative agreement with the U…
Quality Monitoring Instruments (QMI), manufacturer of engine and atmospheric oil mist detection systems, has received Type Approval certification from classification society Lloyd’s Register for its engine oil mist detection system. Having received ABS Type Approval in 2014…
The International Bunker Industry Association (IBIA) will be holding a forum entitled: ‘Bunkering with new fuels – Building on strong foundations’ as part of London International Shipping Week, on Wednesday 9 September. The event will…
ECM Training Services, LLC, in conjunction with Galway Group, will hold an interactive training seminar entitled 'Pursuing ECA Compliance: Is LNG as a Marine Fuel Viable?' September 22-23, 2015, at Minute Maid Park in Houston. Leading the…
Dan-Bunkering (Singapore) Pte. Ltd. Beijing Rep. Office announced that Tristan Kim has been employed as Marketing Executive at the company’s office in Beijing.Tristan Kim is originally from South Korea but moved to China to study more than 10 years ago…
DNV GL has developed a new class notation for gas bunker vessels that targets safer fuel transfer operations from one ship to another. Until now, the development of standards guiding gas fuel transfer operations in ports has lagged behind…
The Short-Term Energy Outlook (STEO) released on August 11 forecasts that North Sea Brent crude oil prices will average $54 per barrel (b) in 2015 and $59/b in 2016, which is $6/b and $8/b lower than projected in last month’s STEO, respectively (Figure 1)…
The Interlake Steamship Company proves phase one of emissions-reduction technology on Great Lakes; two additional ships to be outfitted with exhaust gas scrubber technology in 2016 Following the implementation of exhaust gas scrubbers on its self-unloading bulk carrier M/V Hon…
A new generation 'Antigoon' class dredger, called Scheldt River, being built by Royal IHC in the Netherlands on behalf of the Belgium based DEME Group, is to be powered by Wärtsilä dual-fuel (DF) engines. This will be the first ever dredger…
