Blackhawk Specialty Tools, LLC, an industry leader in deepwater cementing innovations, has acquired the surge reduction business line of Allamon Tool Company and its related intellectual property. The surge reduction business line includes…
NOIA President Randall Luthi released the following statement after providing testimony today before the House Committee on Natural Resources Subcommittee on Energy and Mineral Resources on H.R. 5577, the Innovation in Offshore Leasing Act: “NOIA…
Based on preliminary reporting from operating units, TGS management expects net revenues for the second quarter of 2016 to be approximately USD 114 million. Multi-client investments for the second quarter are expected to be approximately USD 62 million…
Scorpio Tankers Inc. announced that it has received a commitment for a loan facility up to $300 million from ABN AMRO Bank N.V., Nordea Bank Finland plc, acting through its New York branch, and Skandinaviska Enskilda Banken AB. The loan…
Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) has secured four contracts worth a total of about S$120 million from repeat customers. Mr Michael Chia, Managing Director (Marine & Technology) of Keppel O&M…
The U.S. Department of Transportation (DOT) has announced 18 proposed grant awards for projects under the Nationally Significant Freight and Highway Projects Program. The program, also known as the Fostering Advancements in Shipping and Transportation…
Shipping is the least optimistic industry within the transport sector, by a significant margin, according to the seventh The way ahead Transport survey from global law firm Norton Rose Fulbright. Only 15% believe that current market conditions are positive…
The transport sector is looking to Asia Pacific as the key market for investment over the next five years, according to the seventh The way ahead Transport survey from global law firm Norton Rose Fulbright. China and India are the most popular jurisdictions for investment…
The first phase of a joint industry project (JIP) to promote a global standard for engineering and construction of offshore oil and gas installations has delivered four recommended practices (RPs). The outcome of the JIP, led by DNV GL…
A new edition of BIMCO’s Dispute Resolution Clause has been published. New wording has been added to the US law, New York arbitration option to ensure that non-maritime contracts (such as shipbuilding contracts) are not inadvertently excluded from the scope of the clause…
The Port of Ningbo has integrated CargoSmart’s software for shippers and forwarders to meet new container weight requirements with its electronic platform for exchanging data between logistics providers, as well as between logistics providers and government agencies…
The trade unions FNV and CNV Vakmensen, the Rotterdam container companies and the Port of Rotterdam Authority concluded consultations on employment in the container industry. The trade unions will present the outcome of the negotiations to their members with favourable advice…
In view of the beginning new 'grain' season in Russia and the expected considerable export volume of grain cargoes this year there will be an increase of the vessel traffic in such areas as Port Kavkaz (STS operations of sea/ocean going vessels)…
Norwegian oil-well service workers and their employers signed a new wage deal late on Thursday, avoiding a strike, said the Norwegian Oil and Gas Association (NOG), which represents employers. A strike would not have had any immediate impact on production…
Global shipping confidence is at an all-time low as fears of a global recession and Britain's vote to leave the EU pile pressure on parts of the industry already suffering from its worst downturn, a leading transport survey showed on Wednesday…
