Philippine President Benigno S. C. Aquino III has signed off on legislation to open up the shipping sector and encourage more competition in the cloistered industry, report AFP. He also signed into law a measure that aims to level the country’s playing field…
Debt-laden Bharati Shipyard Ltd on Tuesday said it has filed a reference with the Board for Industrial and Financial Reconstruction (BIFR), since it has become a sick company after eroding its entire net worth. 'The Company's Net Worth as on March 31…
Police in Vietnam said on Tuesday they had detained the recently ousted chairman of state oil and gas company PetroVietnam on suspicion of fraud while he was leading the banking unit of conglomerate Ocean Group. The country's economic police…
Association of Indigenous Peoples of Taimyr refused to sign the conclusion of the public hearings on the project and everything Payyahskogo Severopayyahskogo fields and the construction of the oil terminal 'Tanalau.''As a result of re…
Three executives of Brazil's Camargo Correa group were convicted on money laundering, corruption and other charges on Monday, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras…
As a global move toward using cleaner fuel takes place, countries are forming new or reforming old regulations which see jurisdictions increasingly demanding the use of low-sulphur fuel in ships that berth in their ports. This results in a possibility…
U.S. 6th Fleet’s operational logistics arm – Commander, Task Force 63 – was selected as the 2014 recipient of the prestigious Admiral Stan Arthur logistics award for “logistics team of the year,” according to a notification released by the Chief of Naval Operations July 14…
The Navy’s newest littoral combat ship (LCS), the future USS Little Rock (LCS 9), will be christened Saturday, July 18, during a 10 a.m. CDT ceremony at Marinette Marine Corporation's shipyard in Marinette, Wisconsin. The event will be webcast live at http://navylive…
Vietnam's government has agreed on a port project in the southern province of Ca Mau, costing some $2.5 billion according to media reports and which would be able to host some of the world's biggest ships.The Hon Khoai port would be built under a public-private partnership…
Brazilian petrochemical firm Braskem SA said on Friday it will hold a general meeting on Aug. 4 to appoint a new chairman, after its current chairman was arrested for alleged involvement in a corruption scheme.The new chairman will be Newton de Souza…
Hiab, part of Cargotec, has appointed Ghita Jansson-Kiuru as Vice President, Human Resources. She will be responsible for Hiab's global human resources strategy and development. The starting date is open until her succession is in place…
Carrier Air Wing (CVW) 5, embarked aboard the Nimitz-class aircraft carrier USS George Washington (CVN 73), conducted high-intensity land strike training with the Royal Australian Air Force (RAAF) as part of exercise Talisman Sabre 2015 (TS15)…
Set for September 17-20th, 2015 on Newport Harbor is the Newport International Boat Show (NIBS), which flaunts its destination and sailing history to attendees making their fall travel plans. NIBS is the kick-off to the boat show season and a prime time to experience fall in New England…
The planned 18 kilometre-long immersed tunnel will connect Denmark and Germany as part of the Scandinavian-Mediterranean corridor, one of the EU’s nine priority network corridors. Detailed knowledge of the subsurface soil properties is key…
ConocoPhillips today for its convenience provided a notice of termination for the three-year ENSCO DS-9 drillship contract. Under the terms of the contract, ConocoPhillips is obligated to pay Ensco termination fees monthly for two years equal to the operating day rate of approximately $550…
