The International Monetary Fund will resume bailout talks with Greece once a new government is in place after next month's snap general election, IMF spokesman Gerry Rice said in a statement on Monday, noting that Athens faces no immediate funding needs…
The Board of Directors of Swissco Holdings Limited and its subsidiaries have informed shareholders of the Company that the Group has discovered that an aggregate amount of approximately S$2.58 million was misappropriated from the accounts…
BG Group today announced that it has been loading the first cargo of LNG from its Queensland Curtis LNG (QCLNG) facility since 28 December. The vessel being loaded is the Methane Rita Andrea. The second cargo of LNG from the facility will…
An important initiative by Wärtsilä to support and stimulate the maritime economy in South Africa has come to fruition with the delivery of a state-of-the-art Wärtsilä 20 engine. The engine has been donated by Wärtsilä to the Nelson Mandela Metropolitan University (NMMU)…
Otto Marine Limited sold an Anchor Handling Tug Supply Vessel to a renowned unrelated third party for US$100 million.DNV classed and Norwegian-designed, the VS491 21,000 bhp AHTS is a hybrid propulsion diesel electric driven vessel with dynamic positioning 2 (DP2) technology…
Passengers aboard a car ferry that caught fire off the coast of Greece early on Sunday pleaded for help as rescue vessels struggled to approach the burning vessel in high winds and rough seas. The Norman Atlantic, carrying almost 500 passengers and crew and more than 200 vehicles…
An Italian-flagged ferry carrying 466 passengers and crew caught fire while sailing from Greece to Italy, coast guard officials said on Sunday.The Norman Atlantic, sailing from Patras in western Greece to the Italian port of Ancona, was…
South Korea's nuclear power operator said on Sunday that cyberattacks on non-critical operations at the company's headquarters are continuing but the country's nuclear power plants are operating safely and are secure from attack.Korea…
(Thomson Reuters Foundation) - The morning scene is increasingly routine for Kenyans. When it's time to start the day, the power is already out. Somewhere nearby, the shell of a wrecked electrical transformer lies on its side underneath the pole where it had been fixed 20 feet off the ground…
The Coast Guard and American Red Cross placed nearly 300 Coast Guard recruits with several dozen South Jersey families for Christmas as part of Operation Fireside.Operation Fireside has placed recruits with South Jersey families during the holiday season since 1981…
The International Maritime Bureau (IMB) has joined other maritime organisations in expressing concern over the decision to compensate convicted Somali pirates.These criminals have been responsible for taking hostage thousands of seafarers…
DP World’s Mina Rashid port has successfully defended its title as the World’s Leading Cruise Port, for the seventhconsecutive year, at the prestigious World Travel Awards 2014.As the opening of the ultra-modern third cruise terminal was inaugurated by its namesake…
A new combined cycle gas turbine unit (PGU-420) with a capacity of 420 MW was commissioned today at CHPP-16 of Mosenergo in Moscow.Taking part in the event were Alexey Miller, Chairman of the Gazprom Management Committee, Sergey Sobyanin…
Ithaca Energy Inc. announced the appointment of Mr Roy Buchan as Chief Operations Officer, starting 5 January 2015.Mr Buchan has over 30 years of operational experience in the oil and gas industry. He has held various technical and senior…
Decision Sciences International Corporation (DSIC), a technology provider of security and detection systems, has appointed Dr. Gene W. Ray, former CEO of Titan Corporation, as interim Chief Executive Officer and Admiral Jay M. Cohen (USN, Ret)…
