Market volatility for the petroleum sector provides a backdrop to an evolving Merger & Acquisitions environment for the Offshore Sector.In the 3Q edition of Maritime Professional, this series of articles examined the overall evolution of maritime and offshore M&A activity since 2010…
Careless errors by ship agents are resulting in costly claims, according to ITIC.In the latest issue of its Claims Review, ITIC cites the case of a ship agent which incorrectly calculated two pro-forma invoices in respect of port dues, using the cheaper rate for a cargo of malt…
Royal Caribbean Cruises Ltd (NYSE, OSLO: RCL) named two senior company executives to lead the company’s two largest brands. Michael Bayley, who worked his way up from an assistant purser’s position aboard the Nordic Prince, will serve as President and CEO of Royal Caribbean International…
The Q4 edition of Maritime Professional -- with Buckley McAllister, fifth generation leader of McAllister Towing profiled -- is now available for download at:http://digitalmagazines.marinelink.com/nwm/MaritimeProfessional/201411/In addition to the McAllister profile…
Robert Gordon University’s (RGU) ladies football team has received a welcome boost this season with support from a leading energy operator. Norwegian-based company Teekay Petrojarl has agreed a $7,800 (approximate) sponsorship package for the team which has funded a new kit…
Clean Seal, Inc. launched a new division, Clean Seal Molded Specialties, a division consisting of stock and custom designed molded rubber products. Clean Seal's molded rubber products are designed for a broad range of industries and products…
A fully updated edition of the definitive industry guidance on the safe operation of chemical tankers has just been published by the shipping industry’s global trade association, the International Chamber of Shipping (ICS). The new edition…
BP is to axe middle managers and could freeze projects as it grapples with the plummeting oil price, The Sunday Times reported, citing finance director Brian Gilvary.'What you'll see with this simplification plan is that headcounts are starting…
The Australian Maritime Safety Authority (AMSA) has coordinated the search and rescue of a solo kayaker off northern New South Wales.AMSA Search and Rescue officers were contacted by the International Emergency Response Centre in the United States about 10…
ARENA today congratulated researchers at the University of New South Wales (UNSW) for being the first in the world to convert more than 40% of the sunlight hitting a solar system into electricity.The record efficiency was first achieved in outdoor tests in Sydney…
Messoyakhneftegaz has began building a pressurized pipeline from the Messoyakhinskoe group of deposits, located to the north of Yamalo-Nenets Autonomous Region, to the main Arctic Circle-Purpe pipeline system.The oil pipeline with a maximum…
On December 5, a ceremony was held at Electric Power University (EPU) in Hanoi, Vietnam, to mark the start of the fourth year Mitsubishi Heavy Industries, Ltd. (MHI) is providing instruction in nuclear engineering at this educational institution…
The Board of Directors of ASL Marine Holdings Ltd informed that its wholly-owned subsidiaries have reached a mutual agreement with customer on the rescission of shipbuilding contracts for two offshore support vessels.One of the vessels will…
Mainboard‐listed Mermaid Maritime Public Company Limited a leading provider of subsea and drilling services for the offshore oil and gas industry, would like to announce that it has received early termination of contract from its international…
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, stated that the surveillance vessel “Marjata” was named at Vard Langsten by the Norwegian Prime Minister, Mrs. Erna Solberg…
