Rio Tinto expects to remain the lowest-cost iron ore supplier to China and therefore to be least affected by a slump in prices of the material, a senior executive said, dismissing rival BHP Billiton's threat to displace it in the ranking.Iron ore has lost about half of its value this year…
The Sidney-based ROPOS Remotely Operated Vehicle (ROV) was recognized for its contributions to British Columbia’s marine sector by the prestigious award of the SS Beaver Medal on November 26th. The medal, forged from the salvaged remains of the 19th century Hudson’s Bay Company’s SS Beaver…
Hapag-Lloyd and the Chilean Compañía Sud Americana de Vapores (CSAV) are joining forces, by merging CSAV´s container business activities into Hapag-Lloyd, becoming the fourth-largest liner shipping company in the world. The corresponding contracts…
For seven years Cody Ledet has been head mechanic for Galliano, La.-based Crosby Tugs. And for all his 16 years at the company, he's used Twin Disc marine transmissions to keep his fleet up and running.Founded in 1977, Crosby Tugs has grown…
In 2014 Swede Ship Marine acquired the SUBLIFT boat hoist operation. A new company has been formed called Swede Ship Sublift AB. The first deliveries of boat hoists from the yard at Djupvik on the island of Tjörn, Sweden to customers in Sweden and Norway took place in the autumn 2014…
Enavigation specialist NAVTOR has set course for Asia, with the news that the Egersund, Norway-based business has opened an office in Singapore. The move comes in response to growing regional demand for simple, efficient and cost effective ENC distribution solutions…
Trelleborg’s marine systems operation has launched a new High Performance Super Abrasion Resistant (HPSAR) tug fender, which utilizes an innovative, superior rubber compound. The application of this distinctive and improved compound not only significantly increases the service life of the fender…
The International Well Control Forum (IWCF) - the independent, not-for-profit organization, which sets international training standards for well control - has launched a new certification system designed to make it easier for candidates and employers to verify qualifications…
Swiss trading house Mercuria has moved to become a significant player in the marine fuel market by hiring a team of close to 40 former employees from the once-largest supplier, traders and sources close to the matter said on Tuesday.The bankruptcy of Denmark's OW Bunker…
Oil workers in Gabon began an open-ended, industry-wide strike on Monday night after talks with the government collapsed, union ONEP said, and long queues formed at gas stations on Tuesday on fear of shortages.The trade union had been in…
An employee of Mitsubishi Heavy Industries, Ltd. (MHI) won the gold medal in the Mechanical Device Control category at the 52nd National Skills Competition held in Aichi Prefecture from November 28 to December 1. Company employees also won silver and bronze medals in the Welding category…
Ensco plc announced that Carey Lowe has been promoted to Executive Vice President. Lowe will be responsible for overseeing investor relations, public relations, employee communications and branding, led by Vice President Sean O’Neill, as well as strategy…
Rolls-Royce confirmed today that it has completed the deal to sell its Energy gas turbine and compressor business to Siemens for a £785 million cash consideration. The deal was originally announced on 6 May this year.Rolls-Royce has also…
The Board of Directors of COSCO Corporation (Singapore) Limited have informed that COSCO (Guangdong) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd, has secured a contract valued at approximately…
In November 2014 Angarsk Petrochemical Company produced about 100 thousand tons of winter diesel fuel of environmental class V of the Technical regulations (Euro-5).This is almost twice the amount produced in previous November, when 50…
