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Canada Responds to Union Allegations

Jan 12, 2015

Ministers Raitt and Fast Appalled by Offensive Allegation from Seafarers International Union of Canada. Transport Minister Lisa Raitt and International Trade Minister Ed Fast issued the following joint statement in response to a communiqué…

Star Bulk's PO to Finance New Builds

Jan 12, 2015

Star Bulk Carriers Corp. announced today that it plans to make an underwritten public offering of its common stock. The Company intends to use the net proceeds from the offering for its new building program and general corporate purposes…

USCG Rescue Woman Near Tongass Narrows, Alaska

Jan 12, 2015

The Coast Guard assisted a 26-year-old woman from Metlakatla, Alaska, who was reported to have fallen out of her canoe and swam to shore near Tongass Narrows, Sunday.A Station Ketchikan 25-foot Response Boat – Small crew picked up the survivor and transferred to her family in Annette Bay…

Sound Oil Yields Robust Production

Jan 12, 2015

Sound Oil, the European / Mediterranean focused upstream oil and gas company, has provided an update on 2014 production. Total production for calendar year 2014 from the onshore Rapagnano and Casa Tiberi gas fields in Italy was 4.44 MMScm (156…

Magnolia LNG Update on Progress with FERC

Jan 12, 2015

Liquefied Natural Gas Limited wishes to provide an update on the status of Information Requests from the United States Federal Energy Regulatory Commission (FERC) in relation to the Company’s wholly owned subsidiary, Magnolia LNG LLC (MLNG)…

Panama Canal Inks Deal with Lake Charles Port

Jan 12, 2015

The Panama Canal Authority (ACP) signed a cooperation agreement with the Port of Lake Charles in Louisiana earlier this week, which aims to attract new customers from the liquefied natural gas (LNG) industry; a strategy that builds upon the advantages that the expanded Canal will offer…

Restructuring Can Save Odfjell $100 Mln

Jan 12, 2015

In May 2014 Odfjell SE announced a review of all aspects of our business model in order to improve our financial results through a more competitive cost structure.The Board  has today approved a restructuring plan which, fully implemented…

Tug Collides with Listing Hoegh Osaka

Jan 12, 2015

UK Maritime and Coastguard Agency (MCA) informed today that one of the two tugs attached to Hoegh Osaka moved from her position on Saturday afternoon and collided with the listing car carrier.  There were no injuries to personnel, but…

USS Kauffman Deploys for the Last Time

Jan 12, 2015

The guided-missile frigate USS Kauffman (FFG 59), departed Naval Station Norfolk today for the ship's final deployment and will operate in the U.S. 4th Fleet area of responsibility.Kauffman's final deployment also marks the last scheduled…

Increasing Maritime Piracy in Southeast Asia

Jan 12, 2015

Does piracy off the coast of South-East Asia pose a threat? The answer is yes. Shipping lanes in Southeast Asia, one of the world’s busiest trade routes, have been hit by a “worrying new rise” in piracy. How is maritime piracy threatening South-East Asia and to what extent…

Supertankers Buying Spree to Beat Oil Glut

Jan 12, 2015

Some of the world’s largest oil traders are reportedly hiring supertankers in a possible attempt to stockpile oil supplies following the plunge in world prices. Trading firms including Vitol, Trafigura and energy major Shell have all booked crude tankers for up to 12 months…

Petrobras Offers Leniency Terms to Contractors

Jan 11, 2015

Brazil's Petrobras has asked contractors implicated in a kickback scheme with the state-run oil company to admit guilt and pay damages in return for lifting a ban on bidding for future contracts, Estado de S.Paulo reported on Saturday.The move is the latest example of how Petroleo Brasileiro…

RTC, OTC Begin Female Haircut Program

Jan 11, 2015

In an effort to standardize training and education across the military services, Recruit Training Command (RTC) and Officer Training Command (OTC) will run a pilot program, which will no longer require female accessions to cut their hair…

BP, Anadarko Fail to Win Review of Gulf Spill Fines

Jan 11, 2015

BP Plc and Anadarko Petroleum Corp narrowly failed to persuade a U.S appeals court to reconsider its 2014 ruling that they could face civil fines under federal pollution laws over the 2010 Gulf of Mexico oil spill.By a 7-6 vote, the 5th U…

Quebec's Oil-by-rail Victims to Get $200 mln Settlement

Jan 11, 2015

Victims of the Lac-Megantic oil-by-rail disaster that killed 47 people in the Canadian province of Quebec in 2013 agreed to a nearly $200 million settlement from Montreal Maine and Atlantic Canada Co and its U.S.-based parent company, a lawyer for the victims said in a statement on Friday…

Logistics News

Russian Oil Freight Rates to India Remain High

Russian Oil Freight Rates to India Remain High

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Baltic Index Hits Almost Five-Year High

Baltic Index Hits Almost Five-Year High

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US Judge again blocks Postal Service’s mail-in vote restrictions
Norway will help Russians stuck in Arctic after ship seize, says government
Air India A320 issued warning of stall when seatbelt sign off, injuring 24 investigators claim