Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Hitachi Zosen Corporation for a high-pressure gas supply system enabling use of natural gas as fuel in marine engines.In lieu of conventional heavy oil, the system supplies liquefied natural gas (LNG)…
The Coast Guard Captain of the Port continues to closely monitor the movement of Hurricane Ignacio and based on the storms current trajectory to the northwest it does not appear that the closure of commercial ports in the Hawaiian Islands will be necessary…
United States' President Barack Obama defends his decision to allow Royal Dutch Shell to drill for oil in the Arctic Ocean. He insisted that there was no contradiction between his climate change agenda and Arctic drilling. “I share people's concerns about offshore drilling…
Singapore's Keppel Offshore & Marine (KOM), via subsidiary, Keppel Offshore & Marine USA has inked a deal with Cameron International Corporation, a US-based oil and gas solutions provider, to acquire its offshore rigs business for US$100mln…
Shipbroker Charles R. Weber is quite optimistic on the future prospects of the VLCC market for 2016 onwards. The demand is expected to remain elevated with spot voyages generating around 940 bln ton-miles per quarter, on average, during 2016 – around 1…
Goldenport Holdings Inc reported a net loss of USD14.7 million in the first six months of 2015, significantly wider than the USD1.4 million net loss a year earlier as revenue fell by a quarter to USD18.5 million from USD24.7 million. Earnings before interest…
Russia’s biggest shipping company PAO Sovcomflot (SCF Group) surpassed its own expectations and went forward on both revenue and net profit in the first six months. It has posted a gross revenue increase of 11.8 per cent in the first half of 2015 worth USD 754…
The Italian energy major Eni SpA discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company said is the largest find in the Mediterranean Sea. The Zohr gas field covers any area of 100 square kilometers…
The bulker and tanker unit of state conglomerate China Shipping Group, China Shipping Development Co (CSDC) has delivered a first half performance which saw its profit spike, exceeding the company's latest forecast. CSDC has recorded a six-fold increase in profit in the first half of this year…
The Royal Navy’s submarine base at Faslane – home to Britain’s nuclear deterrent – is to receive a more than 500 million pounds investment grant from the Government, reports Reuters. Chancellor George Osborne says this move will safeguard 6…
Hurricane Ignacio intensified as it blew across the Pacific on a route likely to bypass Hawaii on Saturday, said the Central Pacific Hurricane Center of the National Weather Service.With winds gusting up to 115 miles per hour (185 kmph)…
Set to expand its footprint in the South Asian market, Hamburg-based United Heavy Lift (UHL) appointed strategically placed Lexicon Overseas Pvt Ltd. as its General Agents in India, to help ramp up operations from Mumbai. With two vessels…
Chinese sailor Guo Chuan intends to make it world’s quickest Northern Sea Route trip from Murmansk to the Bering Strait in 14 days without engine power.His trimaran “Qingdao China' is docked in Jarfjord outside Kirkenes, Norway, as the last preparations for the Arctic voyage are handled…
The U.S. Department of Transportation’s Maritime Administration (MARAD) today celebrated the launch of field trials for the first prototype hydrogen fuel cell unit to power onboard refrigerated containers. MARAD, through a cooperative agreement with the U…
TASI HOLDINGS INC. announced today it has completed the acquisition of all shares of SignalFire Telemetry, located in Hudson, Massachusetts. This new acquisition is strategic to the growth model of TASI, and adds an exciting new wireless communication component to TASI’s Founded in 2006…
