BP: First Oil Production at Clair Ridge
Energy giant BP has taken its first oil from the Clair Ridge mega-project in the U.K. North Sea in a “major milestone” that is the culmination of many years of work.Clair Ridge…
Norway's Equinor strikes LPG Deal with Malaysia
Norwegian oil and gas firm Equinor has entered into a long-term agreement with Malaysia's Global Petro Storage for a terminal and storage for liquified petroleum gas (LPG) volumes in Port Klang…
SafeSTS Debuts in the Middle East
SafeSTS, which is owned by Future Marine Services, has made a strong start in the Middle East region, undertaking five UAE ship-to-ship transfers for two oil majors…
Corvus Energy Ramps-up Maritime Battery Production
Canada-based Corvus Energy has announced that its fully automated factory in Norway and semi-automated factory in Canada will increase production capacity eight…
Equinor Energy Strikes Gas in Barents Sea
Norwegian multinational energy company Equinor Energy has made discovery containing up to 24billion cubic feet of gas in the Barents Sea. Two exploration targets were found…
Novatek Kicks-off Yamal LNG's Train 3
Russia's Novatek has begun production of the commissioning LNG from its third 5.5 million mt/year train at the Yamal LNG project, bringing the plant's total capacity…
Long Beach Port to Add Trains to Improve Cargo Movement
The Port of Long Beach received a $14 million grant from the Trade Corridor Enhancement Program (TCEP) to offset construction costs for a $25 million rail project…
IMO to Empower Port Women
International Maritime Organization (IMO) is supporting a training course aimed at female officials from maritime and port authorities entitled to encourage more…
Hapag-Lloyd Commits to EGCS Retrofitting
German container shipping major Hapag-Lloyd announced its plan to retrofit ten vessels with Exhaust Gas Cleaning Systems (EGCS). Ten Hamburg Class vessels (13,000…
Ship Operating Costs Rise for Second Successive Year: Drewry
As the cost inflation is set to accelerate on higher insurance premiums, average vessel operating costs rose modestly for the second year in succession following two years of marked declines…
MOL Announces Three Initiatives on Global Warming
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has announced its support for three initiatives to address the issue of global warming. The initiatives include supporting…
West Africa to Promote Electronic Data Exchange for Vessels
Ships and ports will need to be able to exchange arrival and departure data electronically from April 2019, under International Maritime Organization (IMO)'s Facilitation…
Kalmar Announces Center for Technological Innovation in Sweden
Kalmar, part of Cargotec, has officially inaugurated its new Innovation Centre in Ljungby, southern Sweden.Approximately 200 people will be based at the state of…
Mission to Seafarers Signs MoU with Panama
The Christian welfare charity serving merchant crews around the world 'The Mission to Seafarers' has signed an agreement with the Panama Maritime Authority for the…
Diana Shipping Buys Back its Sold Shares
Athens-based shipowner Diana Shipping announced the commencement of a tender offer to purchase up to 4,166,666 shares, or about 3.86%, of its outstanding common…
Nordic American Tankers Sells Two Vessels
Bermuda-based tanker ship operator now finishes the year with another sale of ships netting USD 20 million. The company has been on a selling spree in this summar."We…
Pacific Region to Enhance Maritime Traffic
To help increase ratification of the FAL Convention and improve understanding of its requirements, two National Seminars on Facilitation of International Maritime…
Heerema Fabrication Group Sells UK and Netherlands Yards
Dutch offshore construction and engineering company Heerema Fabrication Group (HFG) intends to divest a significant part of its activities in the field of design…
