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Drydocks World's to build BorWin3

Oct 13, 2014

Drydocks World signed an agreement today with Petrofac to build the BorWin3 high voltage direct current (HVDC) converter platform in the North Sea, named BorWin gamma.  When completed, this will provide an essential renewable offshore resource to meet increasing energy demands…

Singapore Minister Yew to Launch SGMF’s Global

Oct 13, 2014

Mr Lui Tuck Yew, Minister for Transport, Singapore, will conduct SGMF’s Global Launch on Stand No. 33 on Wednesday 15th October 2014 at 10.15am in connection with SIBCON 2014 confirms SGMF’s Brand, Marketing and Membership Manager, John Saunders…

Making Civilians into Sailors

Oct 13, 2014

At Recruit Training Command, they transform civilians into basically trained, physically fit, well disciplined Sailors – 39,000 of them each year. They are trained by a cadre of fleet experienced enlisted Sailors who must meet stringent screening…

USCG Investigates Allision of Ferry Peralta

Oct 13, 2014

The Coast Guard is investigating an allision that occurred when the Ferry Peralta struck a piling at Pier 41 in San Francisco Sunday evening.The Peralta, operated by Blue and Gold Fleet, allided with a piling while backing out of the terminal at Pier 41 at approximately 5:45 p…

Canpotex to Invest at Port of Portland Terminal

Oct 13, 2014

Portland is already the largest gateway on the U.S. West Coast for bulk mineral exports, and that gateway is about to get more efficient and diversified with the expansion of the Canpotex Limited (Canpotex) potash export facility at the Port…

Virginia-Class Submarine Named USS Oregon

Oct 13, 2014

Secretary of the Navy Ray Mabus hosted a ship-naming ceremony to announce that SSN 793, a Virginia-class attack submarine, will bear the name USS Oregon. During a ceremony held at the Battleship Oregon Memorial in Tom McCall Waterfront Park…

Samson Energy to Sell $1 bln Gulf of Mexico Assets

Oct 12, 2014

Oil and gas explorer and producer Samson Energy Company LLC is selling its offshore Gulf of Mexico assets that could fetch more than $1 billion, according to people familiar with the situation.The Tulsa, Oklahoma-based company has tapped Jefferies LLC…

CGF Raises $0.25 mi for Fallen Heroes

Oct 12, 2014

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that at the 34th Annual Salute to the U.S. Coast Guard, which was held in New York City last night…

Storm Fay Heads for Bermuda

Oct 12, 2014

Subtropical Storm Fay formed in the Atlantic Ocean on Friday and was headed in the direction of Bermuda, the U.S. National Hurricane Center said.The storm, which had maximum sustained winds of 40 miles per hour (65 kph), was located 525…

Morgan Stanley says "no assurance" Rosneft Deal Will Close

Oct 12, 2014

Morgan Stanley said on Friday that there is 'no assurance' a deal to sell its physical oil trading business to Russian oil company Rosneft will close.The Wall Street bank cited a contractual requirement to get regulatory approvals by year end…

Sierra Leone to Invest Heavily in Power

Oct 12, 2014

Sierra Leone is aiming to increase its power capacity tenfold by 2017, a plan the energy minister said should be driven by foreign investors despite the outbreak of Ebola and a history of bureaucratic difficulties.Sierra Leone has recorded…

Congestion at Long Beach Port being Eased

Oct 12, 2014

As a result of the Port of Long Beach’s congestion relief efforts, two truck chassis owners, DCLI and TRAC, are adding over 3,000 chassis to their local fleet over the next few weeks to match supply and demand. 'We need to increase the utilization of the more than 100…

Navy Sets Up Base in Romania

Oct 12, 2014

Commander, Navy Region Europe, Africa, Southwest Asia (CNREURAFSWA) established Naval Support Facility (NSF) Deveselu Friday, Oct. 10, during an establishment and assumption of command ceremony on base.NSF Deveselu, formerly a disused Romanian airfield…

New Vice Presidents at Caterpillar

Oct 12, 2014

Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. today announced related changes at the vice president level, including the retirement of Vice President Steve Gosselin…

Hong Kong to Hainan Dao Yacht Race

Oct 12, 2014

A yacht race from Hong Kong to Hainan Dao will take place on 16 October 2014 (Thursday). About 20 yachts are expected to participate in the race.The race will start at 1320 hours on 16 October 2014 off the Causeway Bay Typhoon Shelter…

Logistics News

Port of Oakland Moves 174,239 TEUs in November as Exports Increase

Port of Oakland Moves 174,239 TEUs in November as Exports Increase

CMA CGM Vessels Navigate the Suez Canal, Hinting at Easing Tensions

CMA CGM Vessels Navigate the Suez Canal, Hinting at Easing Tensions

Oil Loading in Venezuela Crawls After New US Interceptions

Oil Loading in Venezuela Crawls After New US Interceptions

FMC Investigates Spain’s Restrictive Port Practices

FMC Investigates Spain’s Restrictive Port Practices

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Turkey reports that a jet carrying the Libyan army chief lost a signal over Ankara.