Cargo-carrying unit, OEG Offshore, announced its gain of OSCA Environmental Services Ltd., saying the acquisition expands its international reach in the Caspian region.OEG has acquired OSCA's 2,500-unit stock has multiple bases including: Baku…
From July 1, 2014, Dampier Port Authority will be merged with Port Hedland Port Authority to form a new body named Pilbara Ports Authority, GAC reported in its daily hot news report.The Western Australian Government recently passed the Ports Legislation Amendment Bill 2013…
Netherlands’ based WEKA Boxcoolers B.V., manufacturer of copper nickel boxcoolers, was recently purchased by Dunlap & McCullough Holdings LLC, a holding company owned by Paul Fernstrum, Sean Fernstrum, and Todd Fernstrum. Paul Fernstrum, Sean Fernstrum…
BMT Group Ltd (BMT) has announced a solid financial performance for the year to September 30, 2013. Although market conditions have been challenging, BMT secured revenues of £163.3m, an increase of 5% year on year, with underlying operating profits of £11…
Suppliers without liquidity will lose out to financially robust organizations offering better terms. Dynamic Oil Trading has highlighted liquidity and credit as the single biggest challenge in the shipping industry when it comes to fuel supply…
NewLead Holdings Ltd. (NASDAQ: NEWL) said that 'Newlead Albion', a 2012-built dry-bulk eco-type Handysize vessel of 32,318 dwt, was delivered to NewLead's fleet on Monday, May 19, 2014.The Newlead Albion is trading on the spot market and is expected to generate $2…
Hayward also CEO of London-listed oil firm Genel. Source: Hayward will eventually step down from Genel. Genel declines to comment.Glencore Xstrata named Tony Hayward, the ex-BP chief severely criticized for his role in the Gulf of Mexico oil spill…
BSR’s Clean Cargo Working Group (CCWG) and the Clean Shipping Index (CSI)— two environmental reporting initiatives for ships and ship operators—signed a memorandum of understanding to collaborate for cleaner, more efficient shipping. Through this agreement…
AGR’s Reservoir Management UK division (RM UK) is gearing up for a busy year ahead and has grown its sub-surface department with the addition of Steve Adams, Principal Geologist. Steve, who will be based in AGR’s Aberdeen office, has over 30 years’ experience in the oil and gas industry…
Royal Dutch Shell capped a strong first quarter reporting season for oil majors with better-than-expected results which were boosted by gas earnings, while shareholders were rewarded with a higher dividend.Shares in the company were up…
Largest provider of dredging services in the United States, Great Lakes Dredge & Dock Corporation (GLDD) informs it has completed the sale of NASDI, LLC and Yankee Environmental Services, LLC, its two subsidiaries that comprise the historical demolition business…
Greencarrier AB, which until now has operated as two separate organizations in Norway for its freight forwarding and logistics activities, has decided to merge them as one entity. The new combined organization will form a part of the Greencarrier Freight Services division…
A proposal by the LA 2020 Commission to merge the ports of Los Angeles and Long Beach – the two busiest container ports in the US – has been slated by Long Beach leaders for being “condescending and disrespectful”. The Commission made the recommendation in its A Time for Action report…
Two buyout groups have made final offers for the heat exchangers division of German industrial machinery and process engineering group GEA , one of which could be picked for exclusive talks within days, three people familiar with the matter said…
The Denmark-based security advisory and intelligence company Risk Intelligence has acquired the Danish security advisory firm CUSTOS. The acquisition will result in a widening and strengthening of Risk Intelligence expertise for shipowners, offshore…
