Mercator Lines (Singapore) agree early termination & settlement agreements with owners of bulkships 'Chaitali Prem' & 'Chanchal Prem'.Briefly, the existing charter of M.V. “Chaitali Prem” ends on or about 31 August 2014. Under the terms of the relevant Early Termination Agreement…
Statoil Petroleum grants Eidesvik Offshore ASA a 2-year extension charter for the LNG fuelled Platform Supply Vessel (PSV) 'Viking Energy'. The Viking Energy was the first LNG fueled PSV in the world when it was delivered in 2003, and has been on contract for Statoil since delivery…
The Export-Import Bank of China (Eximbank) joins hands with China Classification Society (CCS) to support the country's shipping industry.China Eximbank and CCS agree to conduct more cooperation in future on financing services, technical risks hedging and prevention…
Macsea's Fuel Vision announces that its system now works with KRAL rotary displacement flow meters for high-accuracy fuel monitoring.By combining Dexter Fuel Vision with the KRAL flowmeter, fuel data acquired aboard ships can be displayed…
QM3 Patrick Cunliffe, USN, posted the ship’s traditional New Year’s midnight log entry in 'Rap-style' aboard 'USS Reuben James'.On New Year's Eve the ship was on routine patrol in the South China Sea.Continued the watch underway as before…
Plans are in hand to convert one of the two diesel oil-fuelled 'Austen-class' ferries to use Liquefied Natural Gas (LNG).A pilot program conducted on one Staten Island Ferry, if successful, could save the city nearly half the boat's fueling cost annually…
Teledyne Webb Research's new version of its Autonomous Profiling Explorer (APEX®) makes a record 13,123 ft dive off Hawaii.APEX floats are based on a buoyancy engine and have been commercially available since founder Doug Webb started Webb Research in 1982…
e-Navigation Underway Conference 2013 will be held aboard Denmark's largest cruise ship 'Pearl Seaways'.During the three day conference presentations will include:• IMO E-Navigation Strategy Implementation Plan in 2014 – where are we now…
Statoil expands its exploration portfolio with the acquisition of 25% participating interest from Vale SA in BM-ES-22A in the Espirito Santo Basin offshore Brazil.BM-ES-22A is comprised of the two Blocks ES-M-468 and ES-M-527. Petrobras…
Korea-based conglomorate STX saw tough times the past year due to severe cash shortage, but is seeking a turnaround in 2013 after offloading some assests. Market analysts have mixed views for STX. Some say that its bold move will help the conglomerate get back on track…
Fugro Atlantic to undertake a geological and geophysical survey for the Virginia Wind Energy Area for the Commonwealth of Virginia.The survey area covers over 45,000ha in the Atlantic Outer Continental Shelf and is seen to be a key step…
A Macau to Hong Kong jetfoil hit a marker beacon in poor visibility while exiting the Macau Outer Harbour entrance channel.The ferry with 177 passengers and 8 crew on board at the time of the incident was towed back to the terminal with reportedly minor structural damage…
Maersk Container Industry (MCI) purchased 116,000 plastic balls for a trial to test & increase the effectiveness of its refrigerated containers in delivering fresh produce. The balls were adapted so they would respire in much the same way as fresh fruit and vegetables do…
Battling the storm a tug and a support vessel succeed in getting lines aboard the abandoned Shell drill rig 'Kulluk'.The vessels are 19 miles southeast of Kodiak Island, according to a joint statement issued by Shell, the Coast Guard and…
CNOOC Limited announce that Panyu 4-2/5-1 & Liuhua 4-1 oil fields in the Pearl River Mouth Basin, South China Sea, start production.Panyu 4-2/5-1 oil field has an average water depth of about 100 meters and an adjustment project has been…
