Exxon Mobil plans to develop a floating liquefied natural gas project to develop the Scarborough field off the coast of Western Australia.Exxon, whose partner in the field is Melbourne-based BHP Billiton Ltd. (BHP), expects to make a decision…
The upcoming Infocast presented 'Port & Intermodal Finance & Investment Summit' will be hosted & sponsored by the Port of Miami, FL.President Obama recently outlined a program of bonds and other measures to encourage such spending on roads…
The company is to offer $87 million aggregate amount of common shares to the public to help fund its expansion programme.The Company's Chairman and Chief Executive Officer, Mr. Herbjørn Hansson is expected to purchase about $1.5 million worth…
London-based NYK subsidiary NYK Energy Transport (Atlantic) & GDF Suez time charter the LNG carrier 'Grace Barleiria' for 4 years.Grace Barleiria has been operated by NYK since her delivery in 2007. She has a capacity of 149,700 m3 and is equipped with GTT's Mark III technology…
Otto Marine's shipyard has sold the multi-purpose offshore support vessel 'Otto Explorer 3' to RY Offshore Ltd. for about US$ 50-million.Upon completion of the sale, the buyer will charter the vessel to the Ottto Marine Group subsidiary, Go Marine Group Pty Ltd…
Crews from The Undersea Company of Port Townsend, Wash. have removed the 185-ton dock that crossed the ocean following the March 2011 tsunami.NOAA contracted with The Undersea Company to remove the dock from the remote wilderness coast in…
Heavy fuel oil on board the wrecked container ship is expected to leach out over time, but the ship's owners and insurers would prefer to leave it where it is. No decision had been made on leaving Rena on the reef, but draft assessments have…
Lockheed Martin recently completed successful demonstrations of its Gyrocam 15-inch Dual Sensor & 15-inch Triple Sensor to the Navy.The demonstration was conducted as part of a cooperative research and development effort with the Stiletto Maritime Demonstration Program…
JW Fishers, manufacturers of underwater search equipment, advise that transponders make locating underwater objects easy.Attempting to relocate underwater objects in a low visibility environment can be a difficult and time consuming task. Acoustic transponders solve this problem…
The sale of STX Pan Ocean Co. fell through as the Easter financial markets closed.No potential bidders expressed their interest in South Korea's leading bulk carrier, raising the possibility that the shipping line may be taken over by a state-run policy lender…
The continuing slump in global shipping is translating into brisk business for scrap yards at Gujarat's coastal town of Alang in India.Alang, which receives one out of every two ships destined for breaking, has retained the top slot amid stiff competition from Pakistan…
The International Association of Classification Societies (IACS) has released the second draft of IACS harmonised Common Structural Rules (CSR).The International Association of Classification Societies (IACS) is pleased to announce the release…
The Department of Defense anounce contract awards to Huntington Ingalls, Lockheed Martin, & Electric Boat.Huntington Ingalls Inc., Newport News, Va., is being awarded an $18,232,027 modification to previously awarded contract (N00024-08-C-2110) for special tooling…
The tankship 'Harbour Feature' towed free of the Sarah Long Bridge, on the Piscataqua River in Portsmouth, N.H. after drifting alongside the bridge. Tug boats were able to safely tow the 473-foot, Portuguese-flagged, motor vessel Harbour…
Government of Colombia lawyers concede salvage company Sea Search Armada to be rightful owner of 50% of treasure proceeds.Lawyers representing the Government of Colombia (GOC) admitted recently in a U.S. court that Sea Search Armada (SSA)…
