Electromagnetic Geoservices ASA (EMGS) has signed a data licensing agreement with a customer worth USD 3.5 million for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea. 'It satisfying to note that our…
Hiab, part of Cargotec, and Gavelås Förvaltning AB have signed an agreement regarding a long-term distribution partnership in the Middle East region. As a part of the transaction Hiab will sell its current sales company Hiab Middle East LLC…
DNV GL joins global push to put a price on carbon. Over 1,000 companies and 73 countries now support a price on carbon to start bringing down emissions.Speaking on the sidelines at the UN Climate Summit in New York, DNV GL Group Sustainability Officer Bjørn K…
WISTA India conducted its second AGM on the 19th of September 2014, at the conference hall of the Narottam Morarjee Institute in Mumbai. The AGM was attended by 23 members of WISTA, and was presided over by WISTA India President, Ms Sanjam Sahi Gupta and the members of the Executive Committee…
First of four Crowley tankers celebrated in keel laying ceremony at Aker ShipyardThe first of four Crowley Maritime Corp. product tankers was celebrated today in a keel laying ceremony held at Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U…
Port of Virginia completes reorganization; final additions to senior leadership team will come from withinJoseph P. Ruddy has been appointed chief innovation officer for The Port of Virginia and Shawn Tibbets will take over as chief operations officer…
Port Metro Vancouver issued an announcement welcoming news of the signing of the Canada-Korea Free Trade Agreement yesterday in Ottawa. The agreement will significantly boost Canada’s trade with South Korea, as well as provide strategic access…
A U.S. judge has ruled that BP Plc cannot recoup what it says were inflated claims paid under a multi-billion dollar settlement program to compensate people hurt by the 2010 Gulf of Mexico oil spill, NOLA.com reported on Wednesday.BP originally expected the payout program to cost $7…
Bordelon Marine has committed to a yearlong campaign to fight breast cancer that will see the company donate a portion of profits from its ship, the M/V Shelia Bordelon, to the New Orleans affiliate of Susan G. Komen for the Cure. In support of this partnership…
Denmark's A.P. Moller-Maersk said on Wednesday it would invest billions of dollars in new ships, reap hundreds of millions in savings and announced valuable contracts for its drilling rigs.But shares of the world's largest container shipping company fell more than 3 percent…
The Maritime Labour Convention 2006 (MLC) impacts the world’s 1.3 million mariners in one way or another. In a nutshell, MLC embraces fundamental principles found in other international labor conventions and applies to all ships entering member port states…
Two leading container shipping lines United Arab Shipping Company (UASC) and Hamburg Süd have signed a global cooperation agreement after a series of discussions focused on the companies’ respective customers’ business needs, key growth areas and operational requirements…
The board of directors of the Oslo Stock Exchange has approved the listing of shares in Aker Solutions Holding ASA, to be renamed Aker Solutions ASA on completion of the demerger of Aker Solutions, and granted permission for trading in the shares to begin on September 29…
A realistic picture at the grass root level of the ship breaking industry in India, Bangladesh and Pakistan unfolded at the’ 3rd Ship Annual conference on Ship Recycling on the Indian Sub-continent’ held on 18th September 2014 at Taj-President Mumbai…
An industry-wide lack of technical knowledge is limiting the uptake of new technology in shipping, says Dr. Martin Stopford, author of standard subject textbook 'Maritime Economics'. Now is the time to change this, he believes, in this article from ABB's 'Generations 2014' publication…
