Following the allegations made on December 17, 2015 by the Brazilian Public Prosecutor's Office (Ministério Público Federal - 'MPF') regarding SBM Offshore's CEO, Mr. Bruno Chabas, and a member of the Company's Supervisory Board, Mr. Sietze Hepkema…
A majority of senior oil and gas professionals (56%) believe that the industry is repeating the mistakes of previous downturns and have concerns over the loss of jobs and experience and lack of efficiency, according to a new report published today by DNV GL…
Keppel plans to consolidate its interests in business trust, REIT and fund management under Keppel Capital and grow its asset management business.In a major restructuring exercise to grow the contribution from its Investment Division, Keppel…
China Shipping Container Lines (CSCL) has released a profit warning stating that it expects to close the financial year 2015 with a net loss of about 2.8 billion yuan (425 million dollars) compared to a profit of over one billion yuan recorded in 2014…
The Chinese-built Colombo International Container Terminals (CICT), which opened for business in 2014, has made significant gains in container handling last year surpassing 1.5 million TEUs, according to local media. The Terminal has set a record in 2015 with handling 1…
U.S. Secretary of State John Kerry is pressing for peaceful resolutions to increasingly tense maritime disputes in Asia, reports AP. Kerry arrived in the Laotian capital Sunday and will travel to China late Tuesday for meetings with Chinese President Xi Jinping…
A ship Venezuelan flag, name VFM Alita sank last week in Caribbean waters of the Panama Canal after colliding with another anchoring vessel, which caused hole above the waterline and water ingress. According to the information revealed on Sunday by a Panamanian official source…
Hyundai Heavy Industries has temporarily shut one of its two factories making offshore oil rigs - Onsan plant in South Korea - due to downturn in the global oil and gas industry. The closure Onsan underscores the dire state of the country’s…
Port Tampa Bay is spending $21.5 million on a pair of new cranes that will be able to unload bigger container ships, and it is investing millions more to make it easier for trucks and trains to exit the port and be on their way. The cranes…
MSC Monica, Mediterranean Shipping Company container vessel, ran aground on the St. Lawrence River near Saint-Laurent, between Bécancour and Levis. The box ship left Montreal and headed down the river, but suffered steering gear failure…
The GBP4million super yacht Princess 95 Queen Anna has been destroyed after it went up in flames in Turkey. The 90-foot superyacht yatch was completely gutted by the blaze in Ege Saray marina in Fethiye on Thursday. Smoke then completely…
The Port of Calais had to be temporarily closed after dozens of refugees and migrants stormed on to a ship in the hope of reaching the UK. About 50 people made their way on to a P&O-operated vessel called Spirit of Britain. British anarchists…
Golar LNG has signed a Memorandum of Understanding with Schlumberger to co-operate on the global development of greenfield, brownfield and stranded gas reserves. Under the Memorandum, Golar and Schlumberger have agreed to jointly market gas monetization solutions to owners…
As a bid from Germany’s ThyssenKrupp Marine Systems (TKMS) loses ground over technical concerns, the competition for a A$50 billion ($34.55 billion) contract to build Australia’s next submarine fleet is narrowing to a race between Japan and France…
At least 204 passengers and crew onboard Crown Princess voyage have contracted norovirus, according to federal health officials. This is the first cruise ship outbreak of 2016. The cruise, a Princess Cruises, just returned to Los Angeles following a two week cruise from January 3 - 18…
