Number of Cargotec shares increases through subscription with stock options 2010 on 3 November 2014 A total number of 900 new Cargotec class B shares have been subscribed for with stock options 2010A. The entire subscription price of EUR 16…
ExxonMobil has signed an agreement to become a founding member of the MIT Energy Initiative (MITEI), a unique collaboration aimed at working together to advance and explore the future of energy. MIT President Rafael Reif and TJ Wojnar, Jr…
FUSION announced today the latest addition to its line of marine grade stereos, the FUSION MS-BB300 Black Box Entertainment System. The MS-BB300 with FUSION-Link via NMEA 2000 control, Bluetooth audio streaming and Multi-Zone technology offers…
Last Friday (10/31) Petrobras and PPSA (Pré-Sal Petróleo S.A.) signed a Production Individualization Agreement (PIA) for the Tartaruga Mestiça field, in the southern part of the Campos Basin. This Agreement sets out the rules for joint production…
Hapag-Lloyd informs that the current situation of the UK Road Haulage market continues to face ongoing challenges as a result of increased cargo volumes through all UK ports and a general shortage of both vehicle, rail and driver availability…
Global safety standards body, OPITO, says safety in the oil and gas industry is still not good enough despite a five year improvement in the Middle-east. At its fifth annual safety and competence conference (OSCC 2014) in Abu Dhabi today (4 November 2014)…
DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has held the first BE&O P&I Seminar in Limassol, Cyprus.Hosted by Captain Andreas Efthimiades, Head of DGS Marine’s Cyprus office and Director of Claims…
Corrosion of “duck” boat bilge pump discharge pipingDuring a recent U.S. Coast Guard inspection of an amphibious passenger vessel / DUKW (“duck”) boat, a marine inspector discovered water back-flowing into the vessel’s bilge while testing the vessel’s bilge pump system…
St. Lawrence Seaway and UNIFOR agree to binding arbitration, avoid strikeThe St. Lawrence Seaway Management Corporation (SLSMC) announced that it has reached agreement with UNIFOR, which represents the corporation’s 460 unionized employees…
Mike Rodriguez, U.S. Merchant Marine Academy Alum, was sworn in as Deputy Administrator of the U.S. Department of Transportation Maritime Administration (MARAD).Rodriguez has more than 35 years experience as a maritime industry professional in both the public and private sectors…
A new recruitment business catering for the specialist recruitment needs in the shipping, maritime, logistics and oil and gas sectors has been launched in Singapore.Headed up by Managing Director Jason Tay, Direct Search Asia will seek to…
Trelleborg’s marine operation has launched a roundtable film with the theme 'Lack of routine maintenance and investments affecting port performance'. Filmed at the PIANC World Congress 2014, the film features key industry stakeholders discussing…
Around 66 students from universities across Scotland will compete to be named the 2014 Energy Apprentice in a competition organized and hosted by the Society of Petroleum Engineers (SPE) Young Professional Aberdeen Section Committee.Sponsored by Total…
MTN Communications (MTN) is building a business development and technical team in Houston in response to 20 percent year-over-year growth in oil and gas vessels served, the company said.“Building our Houston team is one more investment in…
The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the year is set for adjustment, with Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight rate peak in the 2016/2017 period…
