With over 30 years service under his belt, Capt. John Bingaman has retired following a ceremony held at Bay Presbyterian Church in Bay Village, Ohio.Capt. Bingaman, who grew up in Greensboro, N.C., oversaw 6,000 Coast Guard active duty, reserve…
U.S. crude oil rose to near a six-week high on Friday, steered by stronger gasoline demand and a positive consumer confidence report, but gains were capped by profit taking and a declining demand outlook. The International Energy Agency…
Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms, securities industry watchdog CVM said on Friday…
Gennady Timchenko, the billionaire Russian gas trader hit with U.S. sanctions over his alleged ties with the Kremlin following Russia's annexation of Crimea, said being singled out by Washington was a badge of honour. But Timchenko, who sold his stake in oil trading firm Gunvor last month…
A proposal by the LA 2020 Commission to merge the ports of Los Angeles and Long Beach – the two busiest container ports in the US – has been slated by Long Beach leaders for being “condescending and disrespectful”. The Commission made the recommendation in its A Time for Action report…
The International Maritime Organization (IMO) and the Government of the People’s Republic of Bangladesh have signed a landmark agreement to work together to improve safety and environmental standards in the country’s ship-recycling industry…
The Subcommittee on Energy and Power today approved H.R. 6, the Domestic Prosperity and Global Freedom Act, by a vote of 15 to 11. Authored by Rep. Cory Gardner (R-Colo.), the legislation would cut through the red tape blocking exports of U…
The American Maritime Congress (AMC), a nonprofit organization representing the U.S. maritime industry, announced the appointment of James E. Caponiti as President. Caponiti joined AMC as Executive Director in October 2011 upon the completion…
SSI USA Director of Operations Patrick Roberts recently had meetings with U.S. senators, congressmen and navy brass to discuss the upcoming Pentagon Department of Defense Budget as it relates to the U.S. Navy shipbuilding programs.It was…
A new pushboat used to push barges convoys along the Paraguay River will be powered by a Wärtsilä integrated propulsion solution. The vessel is being built at the 'Astillero la Barca del Pescador' (Shipyard SA) yard in Paraguay on behalf of Naviera Yeruti…
Vinalines, a major state-owned shipping firm, is scheduled to launch its initial public offering in the first quarter of 2015, according to the Transport Ministry, the Dau Tu newspaper reports. Vinalines has also sought the ministry's approval…
Greece-based chemical transportation company Stalwart Tankers Inc has postponed its U.S. IPO plans due to 'market conditions,' an underwriter told Reuters. The company filed with U.S. regulators in February to raise up to $100 million in an IPO of its common stock…
U.S. Navy Aims To Smooth Impact Of Fiscal 2015 Cut To Ship Orders Add to Collection(Oil)|PrintDownload:Plain TextXMLAll WASHINGTON, April 10 (Reuters) - The U.S. Navy hopes to smooth out the impact on Lockheed Martin Corp…
President Vladimir Putin warned on Thursday that Russian gas supplies to Europe could be disrupted if Moscow cuts the flow to Ukraine over unpaid bills, drawing a U.S. accusation that it is using energy 'as a tool of coercion'. In a letter to the leaders of 18 European countries…
Australia's Padbury Mining Ltd said it had secured almost $6.5 billion in funding to build a new deepwater port and railway at Oakajee in Western Australia, potentially opening a new export hub for the region's iron ore riches. Plans for…
