Can pain in the China's ship building industry the gain for South Korea? Will 2015 save Korea's major shipbuilders which had a pretty tough time in 2014?Korea's major shipbuilders had a pretty tough time in 2014. Out of the country's three major players…
Magnolia LNG LLC (MLNG), wholly owned subsidiary of Liquefied Natural Gas Limited executed a Technical Services Agreement (TSA) with Kellogg Brown & Root LLC, a wholly owned subsidiary of KBR, Inc. (KBR) to undertake cost verification and provide other services supporting MLNG project delivery…
Abu Dhabi, one of the most spectacular stopovers, after hosting Volvo Ocean Race for the second time from December 12, 2014 until January 3, 2015, waved farewell to the Race fleet as they set sail for the third leg to China.Ocean Racing led…
Haifa port is about to be transformed and upgraded into a beautiful new set of centers to include an entertainment zone, a commercial zone and links to the city’s beaches, according to a report on www.haaretz.com.The National Planning and…
Republicans take full control of the U.S. Congress this week with an agenda of trying to force approval of the Keystone XL oil pipeline and push back on President Barack Obama's sweeping policy shifts on Cuba and immigration.After years of battles over the budget and other issues…
Kvaerner North American Construction Inc. (a subsidiary of Kvaerner) has executed agreements today, with each of Longview Power, LLC, Siemens Energy Inc. and others regarding the disputes between them in both the arbitration proceedings concerning…
USS Fort Worth (LCS 3) arrived in the search area on Jan. 3, 2015 and has commenced search efforts for Air Asia flight QZ8501 at the request of the Indonesian government. It is the second US Naval Ship to join in the search.Seen the picture…
The search for eight crew missing from the cement carrier, ‘Cemfjord’ which capsized and sank in the Pentland Firth has been suspended this evening, with no sign found of the missing crew.The lifeboats completed their search areas earlier this afternoon and returned to shore…
E-navigation 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…
Egypt's government has paid Dana Gas $60 million, part of overdue receivables totalling $212 million, the Abu Dhabi-listed firm said in a statement on Sunday.Egypt has delayed payments to oil and gas firms as its economy has been hammered…
A moderate earthquake rattled a broad swath of Idaho early Saturday, damaging property and causing power outages near its epicenter in the city of Challis, which has endured a string of temblors over the past weeks, authorities said.The quake was measured at a magnitude of 4…
A cargo ship abandoned by its crew with 359 Syrian refugees on board was towed ashore in Italy on Saturday in the second such rescue this week, prompting calls for stronger European Union action in the face of new tactics by human traffickers…
Forces loyal to Libya's internationally recognised government on Saturday staged air strikes on the commercial port of Misrata, a western city allied to a group that holds the capital Tripoli, both sides said.Fighting was also reported…
Coast Guard search-and-rescue crews are searching for a missing diver five nautical miles south of Key West, Florida, Saturday afternoon. Missing is Jim Bakazan, 50, wearing a black wet suit.Watchstanders at Coast Guard Sector Key…
USS Fort Worth joins USS Sampson (DDG 102), which has been on station since Dec. 29.Fort Worth is the littoral combat ship (LCS) on a rotational deployment to the U.S. 7th Fleet and brings maneuverability, speed and a shallow draft, which…
