The London P&I Club saidfailure to preserve Voyage Data Recorder (VDR) data in the event of an incident can compromise the owner’s position in the event of a claim.In the latest issue of its StopLoss Bulletin, the club says that its ship…
Diana Containerships Inc. (NASDAQ: DCIX) has agreed to extend the present time charter contract with A.P. Møller-Maersk A/S, for its Panamax container vessel, the m/v Sagitta, for a period of minimum 10 months to maximum 12 months. The gross charter rate is US$7…
Exports of Russian Urals crude oil are set to decline in November as domestic refineries are wrapping up maintenance work, a preliminary program showed on Friday. Russian November Urals oil exports from the Baltic Sea port of Primorsk are seen down to 3…
Singapore, the world's biggest bunkering port, plans to end the so-called 'cappucino effect' in ship fuelling through new meters designed to stop suppliers from short-changing customers, although the industry is warning of a short-term sales dip…
Singapore-based offshore oilfield services firm Ezra Holdings Ltd's quarterly net profit rose 10 percent, with full year revenue rising to a record, powered by a strong performance in its subsea services division. The company said net profit…
DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.The ‘APL Phoenix’ was welcomed by DP World Chairman…
GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5…
Kalmar, part of Cargotec, is launching its highly acclaimed range of reachstackers, called Gloria into the Americas. The eagerly awaited launch follows the successful introduction of Gloria into European and APAC markets where Kalmar reachstackers…
Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”) on terms consistent with the merger implementation agreement entered into on March 12…
General Dynamics C4 Systems recently received the Defense Mobile Classified Capability (DMCC) contract from the National Security Agency (NSA). As part of the contract, General Dynamics will deliver up to 1,000 Samsung KNOX™-enabled Galaxy…
Technip, in a joint venture with Fluor, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn. Bhd. for the PETRONAS Refinery and Petrochemical Integrated Development (RAPID) project located in the state of Johor…
The Gazprom Board of Directors took note of the information on the Company's financial strategy under the conditions of negative trends in the global financial market for the Russian business entities.It was pointed out that the geopolitical…
The port of Antwerp handled a freight volume of 148,344,168 tonnes during the first nine months of this year. That’s 3.7% more than the same period last year. Both the container volume and the liquid bulk volume were strongly up, which helps to explain the continuing growth…
A highly anticipated study by the U.S. Energy Information Administration will show that domestic oil prices will not rise if the U.S. ban on oil exports is lifted, the agency's top administrator said Thursday. Domestic gasoline prices are set in the global market…
China's top diplomat to visit Vietnam again amid sea dispute China's top diplomat will visit Vietnam next week, China said on Friday, five months after he last visited during a period of tension over a Chinese oil drilling rig working in part of the South China Sea both countries claim…
