Latest Maritime News

Total Eyes Closing Nine Units Located in Tax Havens by 2017

French oil major Total disclosed a list of all its 903 subsidiaries worldwide in a transparency move on Wednesday after recurring criticism about the group's presence in tax havens.

Bulgaria: Bring Back Nabucco Pipeline

Bulgaria wants the European Commission to revive plans for the Nabucco pipeline that would pump gas from the Caspian Sea, after a Russian project seen as a rival was scrapped,

develogic Exhibts Seafloor Lander

At the Ocean Business show in Southampton, U.K., develogic exhibited a 6,000m rated compact seafloor lander with acoustic communication and sensor package, acoustic / seismic recording systems,

Fridman's Fund to Find Solution on UK North Sea Assets

Russian billionaire Mikhail Fridman's LetterOne investment fund said on Wednesday it was still keen to work with the British government to find a solution that

INTERSCHALT Expands Africa, Asia Service Networks

INTERSCHALT maritime systems AG, the provider of maritime software, services and supplier of Voyage Data Recorders (VDR 4G[e] and s-VDR) has expanded its network

U.S. Oil Stockpiles Rise Twice as Much as Expected

U.S. crude stocks rose more than twice as much as expected last week, while gasoline stocks increased and distillate inventories fell, data from the Energy Information

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

E-marine Begins Fleet Expansion

E-marine, a provider of submarine cable installation and repair solutions in the Middle East and Sub-Continent region, has unveiled plans to expand its fleet of cable ships in 2015,

BP to Sell Stake in Major North Sea Gas Pipeline

Oil major BP has put up for sale its stake in one of Europe's biggest natural gas pipelines in the North Sea as part of its ongoing asset disposal programme. BP

UMG Names Mckechnie as Managing Director

Unique Maritime Group (UMG) has appointed Rodney Mckechnie as the Managing Director for Unique Hydra, its office based in South Africa.   McKechnie is an executive

Ukraine Doesn't Plan Large Pre-payments to Russia for Gas

Ukrainian Energy Minister Volodymyr Demchyshyn said on Wednesday that Ukraine did not plan to make large pre-payments to Russia for gas supplies, Interfax news agency reported.

VT Halter Launches ATB Tug for Bouchard

VT Halter Marine launched ATB tug Kim M. Bouchard for Bouchard Transportation at Moss Point Marine facility on February 26, 2015. Measuring 150 feet long, the 10,

Petrobras Sheds Some Gains in Wake of Rally

Latin America markets were giving back some gains Wednesday as Brazilian names led by state-controlled oil company Petrobras widened alongside broader markets. After

Russia's Gazprom: Ukraine Has Enough Gas till Friday

Russian gas export monopoly Gazprom said on Wednesday Ukraine had paid for enough Russian gas to last until March 6. "Gazprom has sent a letter to Naftogaz Ukraine that says that .

France Committed to Putting Nuclear Sector Back on Track

The French government is fully committed to putting the French nuclear sector back on track, Prime Minister Manuel Valls told parliament. He said the government's

Russia's Rosneft 2014 Net Profit Falls 10 pct

Rosneft, Russia's top oil producer, said on Wednesday that its 2014 net profit was 350 billion roubles ($5.7 billion), down 9.8 percent year-on-year. In the fourth quarter,

BG Group's Australian Project Helping to Double LNG Supplies

A smooth start to operations at BG Group's Australian project in Queensland is expected to help the British company to roughly double its liquefied natural gas (LNG) supplies in 2015/16,

G&D Launches US Subsidiary

German KVM company Guntermann & Drunck GmbH (G&D) announced it will distribute its equipment from new U.S. subsidiary G&D North America Inc. in Miami, Fla.      With

Tanzania Cuts Fuel Prices for Six Months in a Row

Tanzania slashed retail prices of petrol, diesel and kerosene for the sixth straight month on Wednesday citing lower import costs, the energy regulator said, in

Sweden's Forsmark-1 Nuclear Reactor to Shut Wednesday

Sweden's 984-megawatt (MW) Forsmark-1 nuclear reactor will start reducing power output on Wednesday evening and will leave the grid at 2300 GMT due to a leakage,

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