Keppel Shipyard Ltd has secured two contracts worth a total of S$146 million (over $120 million) to convert a Floating Production Storage and Offloading (FPSO) unit as well as to fabricate and integrate an external turret mooring system for an existing FPSO unit…
Mitsui O.S.K. Lines, Ltd. (Tokyo) and Höegh Autoliners AS (Oslo) have set up a 50/50 joint venture in Europe, integrating the existing European short sea and logistics activities of both shareholders and of Euro Marine Carrier BV.The new company…
The Bach Dang Shipbuilding Industry Corp on August 1 reportedly delivered a cargo ship to its client, the Northern Shipping Joint Stock Company (Nosco), according to a report on http://english.vovnews.vn. The 6,500 DWT ship is one of the 20ships…
At MarineMoney's New York City event earlier this summer, tanker operators were in a somber mood, and Michael Reardon, Manager Global Strategy and Freight Traiding, ConocoPhillips, was quoted as saying: “Floating storage took VLCCs out of the market and sent false signals to the market…
DryShips Inc. (NASDAQ: DRYS) announced that its Board of Directors has approved the partial spin-off of its interest in the Company’s majority-owned subsidiary Ocean Rig UDW Inc., of which DryShips currently owns approximately 78% of the issued and outstanding common stock…
WheelHouse Technologies, Inc. has launched WheelHouse Mobile, designed to provide real-time maintenance alerts and maintenance update capabilities from any smart phone in the cellular network. WheelHouse Mobile is a customer-driven enhancement to WheelHouse…
Shipper groups say the introduction of green fuel taxes will not reduce emissions. They claim that shipping lines will not switch to more environmentally-friendly fuels or more efficient ships, they will simply add yet another surcharge to the rates they charge their customers…
Carole Coune has officially assumed the office of Secretary General of the International Transport Forum at the OECD. As of August 1, 2011, Coune takes over from Jack Short, who is retiring, as leader of the Paris-based intergovernmental organization which brings together 52 nations…
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) released a Final Supplemental Environmental Impact Statement (SEIS) for proposed oil and gas Lease Sale 218 in the Western Planning Area in the Gulf of Mexico. The SEIS…
Titan Torque, the oilfield services specialist, has announced it has increased turnover by 118%, increased the size of its Aberdeen facility and launched a new service to the drilling sector.Rapidly-expanding Titan has secured additional operational…
Gray Page, a maritime intelligence, investigation and crisis management company, advised that the IMO's Maritime Safety Committee’s (MSC) recently-approved interim guidance on the employment of privately-contracted armed security personnel (PCASP)…
IMA has completed a study of the floating production market, and the report documents strong growth in the business sector. According to the market survey, 14 floating production units have been ordered over the past four months – a record pace reflecting strong underlying market drivers…
Costa Crociere S.p.A., placed a new order with Fincantieri S.p.A. for the construction of a new cruise ship. The new ship ordered today, with a gross tonnage of 132,500, 3,700 lower berths, 4,928 total Guests and 1,854 cabins, will be the largest…
Mitsubishi Heavy Industries, Ltd. (MHI) announced the company has reached an agreement, and signed a memorandum of agreement (MoA), with Carnival Corporation & plc calling for the construction of two new 125,000-ton cruise ships for its AIDA Cruises brand…
Petrospot Limited has recently published Legal Issues in Bunkering: An Introduction to the Law Relating to the Sale and Use of Marine Fuels: a new book by barrister and legal consultant Trevor Harrison. The book offers an accessible overview of the legal aspects of bunkering…
