Royal Dutch Shell has abandoned its Arctic search for oil after failing to find enough crude in a move that will appease environmental campaigners and shareholders who said its project was too expensive and risky.Shell has spent about $7 billion…
The impressive response to the INMEX SMM India 2015 that was officially opened yesterday by Deepak Shetty, Director General of Shipping, Government of India, seems to be a clear indication that the green shoots of economic recovery are finally making their appearance in the country…
InterMoor UK Operations, part of Acteon’s foundations and moorings business, has surpassed eight years and more than 2,520 projects without a single lost-time incident (LTI). The safety record is held by InterMoor UK Operations – InterMoor Ltd…
Press release - Offshore energy support vessel operator Seacat Services announced the graduation of the first group of young seafarers from its Maritime Apprenticeship program. The graduates have taken the first step toward long-term careers…
On an evening in September 2012, a rare sequence of events left one of Bibby Offshore’s saturation divers stranded in complete darkness, 90 meters below the surface of the North Sea, without any gas to breathe. The diver was rescued and recovered fully…
Swire Pacific Offshore (SPO) announces a change in leadership with the appointment of a new Managing Director in Singapore. Mr Ron Mathison has taken over the helm as the new Managing Director on Monday, 21st September 2015. Mr Mathison…
Sinotrans Shipping, one of China’s largest shipping companies, is in negotiations to take part in a joint venture to commission the building of five Arctic LNG carriers, says the company's stock market announcement. The company said in…
Melfort Campbell and Martin Jones have been appointed to strengthen the board of the National Subsea Research Initiative (NSRI). With impressive pedigrees in innovation and technology in the subsea industry, these new board members will…
Norwegian oil and gas firm Statoil plans to have 20 percent fewer employees by end-2016 compared to the beginning of 2015, its chief executive said on Monday.'Suppliers have to take their responsibility to cut costs. We are also taking our part in the restructuring…
Yacht races between Hong Kong and Macau will take place on 26 September (Saturday) and 28 September 2015 (Monday). About 25 sailing boats are expected to participate in the races.The outbound trip from Hong Kong to Macau will start at…
UK offshore vessel owner Subsea contractor Ceona has gone into administration, with the loss of 102 jobs. Ceona and Ceona Services (UK) Ltd have been hit by the depressed subsea market caused by the low price of Brent crude oil. The…
Mexico's finance ministry announced the minimum fiscal terms companies will be required to meet in order to win development rights in an upcoming oil auction, as the country seeks to lure investment despite slumping crude prices. The ministry…
The Seafarers’ International Union of Canada (SIU) has launched a lawsuit challenging repeated decisions by the Canadian Border Services Agency (CBSA) to grant temporary work permits to foreign maritime workers crewing foreign ships operating in Canadian waters…
The Port Logistics seminar was officially opened on Wednesday this week by Alexander De Croo, Belgian deputy prime minister and minister of Development Cooperation, Digital Agenda, Telecom and Postal Services. The seminar is organised by APEC-Antwerp/Flanders Port Training Center…
The latest Italdraghe acquatic weed harvester is now on its way to Kenya. Destined to be used to remove the mats of hyacinth and hippo grass that have been steadily taking over the waters of Lake Victoria, the harvester will be based in the city of Kisumu…
