High activity on the Norwegian shelf leads to high day rates for drilling rigs.Desperate oil companies are forcing day rates for drilling rigs to reach new heights. Analysts believe day rates will be over $700,000 this autumn, reports the 'Barents Observer'…
Survey ship HMS Echo become the first Royal Navy ship to visit Libya since the fall of Colonel Gaddafi.HMS Echo, in the final stages of a 19-month mission to gather ocean data and update nautical charts in waters east of Suez, began her Libya…
IMO Secretary-General at Korean World Fair to reiterate organization’s commitment to sustainable maritime development.IMO Secretary-General Koji Sekimizu will be among the high-level attendees as the Expo 2012 World Fair in Yeosu, Korea, nears its close…
Latest Pike Research report focuses on a small & highly specialised market that is due to grow steadily.Demand for submarine cables is growing steadily as national governments and regional organizations pledge their efforts to expanding offshore renewable power generation…
Recognizing the Arctic is changing rapidly the Summit convenes decision-makers on infrastructure investment, natural resources, policy and security.Rapid change in the Arctic due to melting sea ice brings new opportunities and challenges. To address the complex Arctic agenda…
Aegean Marine Petroleum Network Inc. plans expansion in Barcelona, contracts with Meroil for onshore fuel oil storage.Aegean Marine Petroleum Network has signed an agreement to secure onshore fuel oil storage capacity in Port of Barcelona and plans to start supply operations by the end of Q1 2013…
Fugro Chance adopts the Coda Echoscope(R) to help in some of Its complex offshore operations in the Gulf of Mexico.Coda Octopus Group, Inc. announce that following extensive and successful trials, Fugro Chance in Houston, Texas and Lafayette…
Modest Infrastructure Company's Bhavnagar shipyard has built a cutting-edge tankship for an Italian client.According to Mehul Patel, director (project and operations), the new 3,300 dwt ship, built in a span of 20 months, can be operated with just three crew members…
Growth in shipping earnings & rebound by maritime services segment lift operating profit in second quarter 2012.Operating profit for the second quarter was USD 139 million (USD 71 million), an increase of 94% compared with the second quarter of 2011 and up 31% from the first quarter of 2012…
The 20-day old nationwide Health Authorities strike continues to cause delays, other civil servants join forces with strikers.On average, based on the current nationwide scenario, a free pratique certificate takes a minimum of 48 hours to be released at any Brazilian Port…
Six shipping carriers have become the inaugural participants in the Port of Los Angeles Environmental Ship Index (ESI).The ESI is an international clean air program that rewards ocean carriers for bringing their newest and cleanest vessels to the Port…
Singapore's Neptune Orient Lines (NOL) Group reports US$57 million Year-on-Year improvement in Core EBIT.Excerpts from the financial report follow:NOL Group report second quarter 2012 Core EBIT (Earnings Before Interest and Taxes) of US$16 million…
The Drewry Hong Kong-Los Angeles container rate benchmark, soared by 17.5% to US$2,452 per 40ft container this week.Last week’s Drewry transpacific price benchmark dated 1st August increased by just $71 per 40ft container from levels in the previous week…
Aberdeen Harbour records significant North Sea energy sector traffic increase in first half 2012.Continued growth in the oil and gas sector was reflected in the increase in support vessels that used the port over the first six months of the year – up nine per cent from 2…
Inchcape Shipping Services appoints new General Manager for Brazil, Capt. Mariano Martinoia. Capt. Martinoia will be based in Rio de Janeiro, at the company’s head office for Brazil. He will be responsible for managing ISS’ nine Brazilian offices which cover all the country’s ports…
