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CMA CGM Agent in Munich Relocated

Dec 01, 2014

CMA CGM Agent in Munich will be Relocated from Friday, November 28th, 2014, CMA CGM (Deutschland) office in Munich will move to the following address:CMA CGM (Deutschland) GmbHBranch Office MunichOtl-Aicher-Str. 70D-80807 MünchenGERMANYPhone and fax numbers remain unchanged.

Containers Must be Weighed Before Shipping

Dec 01, 2014

United Nations’ International Maritime Organization (IMO) has decided to make it mandatory to weigh loaded containers before they are transported by sea. This will enhance safety and prevent pollution of the marine environment.In the future…

NORECO's Revenue Dips in 3Q 2014

Dec 01, 2014

Norwegian Energy Company’s (Noreco) production in the third quarter of 2014 was basically unchanged from the previous quarter, significant impairments took down Noreco net results after tax to minus NOK 1 101 million.Revenues in the third quarter 2014 were NOK 296 million…

Keppel Infrastructure Sheds Facilities Arm

Dec 01, 2014

Keppel Infrastructure Holdings Pte Ltd (KI), through its wholly-owned subsidiary, has signed an agreement for the sale of its entire stake in Keppel FMO (KFMO) to Cofely GDF SUEZ for a cash consideration of S$44.72 million, subject to a post…

Statoil to be Johan Sverdrup operator

Dec 01, 2014

Statoil has been recommended as Johan Sverdrup operator. Their agreement will be included in the Unit Operating Agreement (UOA), which is planned to be submitted to the authorities in February 2015 together with the Plan for Development and Operation (PDO)…

Naimi Declares Price War on U.S. Shale Oil

Nov 30, 2014

Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.Ali al-Naimi won the argument at Thursday's meeting…

Vattenfall Puts Nuclear Plans on Hold

Nov 30, 2014

Sweden's Vattenfall will drop plans to build new nuclear reactors because a new government, which includes the Green Party, doesn't support them, the company said on Friday.The previous centre-right government overturned a policy of phasing out nuclear power…

Fire Takes Another Belgian Nuclear Reactor Offline

Nov 30, 2014

Electrabel temporarily closed a nuclear reactor on Sunday after an electrical fire, Belgium's electricity transmission system operator said, leaving only three of the Belgian firm's seven nuclear plants in action.Electrabel, part of France's GDF Suez…

Rosneft Acquires 16.67% Share in PCK Raffinerie

Nov 30, 2014

Total and Rosneft signed a Term Sheet that envisages the main terms and conditions of the purchase of 16.67% share in a refinery located in Schwedt, Germany (PCK Raffinerie GmbH). The document was signed in Sochi by the Head of Rosneft Igor…

Petrobras is World’s 12th largest

Nov 30, 2014

Petrobras is now the world’s 12th largest oil and gas company, according to the 2014 edition of the Petroleum Intelligence Weekly (PIW) ranking, published by the Energy Intelligence Group. This annual ranking lists the 50 largest companies in the sector…

Ljubica Delivered to Jadran Group

Nov 30, 2014

A few days after delivering our latest tuna freezer vessel Ljubica to our distinguished customer, the Jadran Group, the ship is already across the hemisphere operating at full capacity and excellent results. The pictures show the satisfaction of the ship owner Mr…

USA Sees Shale Gas Production decline

Nov 30, 2014

The Gazprom Board of Directors took notice of the information about the results of monitoring shale gas industries evolution around the world.It was stressed that the key trends of the global shale gas industry in 2013–2014 were the declined…

Petrobras’ Could Cut Logistics Costs by R$1 bi

Nov 30, 2014

One of a series of management improvement measures adopted by Petrobras in the last two years, the Logistics Infrastructure Optimization Program (Infralog) should generate approximately R$1.8 billion (US$719 million) in savings for the company…

HMAS Canberra Joins the Fleet

Nov 29, 2014

Governor General of Australia, His Excellency General the Honourable Sir Peter Cosgrove, AK, MC (Retd), together with the Prime Minister of Australia, the Hon Mr Tony Abbott, MP, were the guests of honour today as Australia’s first Landing…

BIMCO launches the Bunker Non-Lien Clause

Nov 29, 2014

BIMCO has today launched the Bunker Non-Lien Clause, aimed at reducing bunker suppliers’ reliance on ship arrest as a means of resolving claims for bunkers ordered but not paid for by time charterers, often due to bankruptcy.If a time…

Logistics News

Oil Loading in Venezuela Crawls After New US Interceptions

Oil Loading in Venezuela Crawls After New US Interceptions

FMC Investigates Spain’s Restrictive Port Practices

FMC Investigates Spain’s Restrictive Port Practices

Baku Port Handles 37% More Containers in 2025

Baku Port Handles 37% More Containers in 2025

International Flag-State Association Looks to Advancing Role in Policymaking

International Flag-State Association Looks to Advancing Role in Policymaking

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