Latest Maritime News

Otto Marine's Financial Health on the Mend

Michael See Kian Heng, Group Executive Director of Singapore-based offshore vessel owners & shipbuilders Otto Marine, says that his company reported revenue of US$512.

India Cuts Iran Oil Imports

India's imports of Iranian crude tumbled about a fifth in the fiscal year ended in March, despite a surge of shipments in recent months that came after a deal easing sanctions on Tehran.

Shell Finds Gas in New Site Offshore Malaysia

Anglo-Dutch oil and gas major Shell announced on Thursday it had found gas in a new drilling area off Malaysia. It found more than 450 metres of gas column at

Total Strikes It Deep Offshore Ivory Coast

French oil major Total said on Thursday it discovered oil in a deep offshore area west of Ivory Coast, West Africa. "This well is the first discovery in the San Pedro Basin,

Ultra-deepwater Drillship 'Maersk Valiant' Delivered

Maersk Drilling advises that its second new drillship, 'Maersk Valiant', has been delivered from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea.

Miami Tugboat Oil Spill: Coast Guard Respond

The US Coast Guard says that its crewmembers are responding to a fuel spill in the vicinity of Government Cut in Miami, following a leak discovered aboard the 95-foot tugboat 'Neptune'.

Kinder Morgan Energy Partners' Dividend Up 6%

Kinder Morgan Energy Partners, L.P. informs in its Q4 2014 financial report that it has increased its quarterly cash distribution per common unit to $1.38 ($5.52 annualized) payable on May 15,

Latest Shipbuilding Contracts Include VLCC Order for Philippine Yard

In the latest Clarkson Hellas S&P Weekly Bulletin newbuilding orders are reported in Far East shipyards for a range of vessels as follows: Bulk carriers Clarkson

China Homeport for Latest Giant RCI Cruise Ship

Royal Caribbean International says that its latest cruise ship, 'Quantum of the Seas', will make its home port in Shanghai (Baoshan), China The ship will reposition to China in May 2015,

Shipowners to Become Liable for Costs of Wreck Removal

Shipowner liability is on the horizon as the Nairobi International Convention on the Removal Wrecks will enter into force on 14 April 2015 following the deposit,

Coast Guard Pacific Area Command Changeover

The US Coast Guard informs that Rear Adm. Charles W. Ray will relieve Vice Adm. Paul F. Zukunft  (US Coast Guard Commander designate) as Commander, Coast Guard

California Port Seeks Public Feedback on Expansion Plans

The Port of San Diego apprises it is to host separate open house events for the public to provide feedback on its long-range vision and 'Integrated Port Master Plan Update' process.

Russian, German, Natural Gas Majors Put Heads Together

Gazprom inform that Amsterdam hosted the annual meetings of the Co-ordinating Committee for Strategic Cooperation and the Co-ordination Committee for Sci-Tech Collaboration

Port of LA March 2014 Container Volumes Surge

The Port of Los Angeles has released its March 2014 containerized cargo volume figures, showing that container imports surged 42 percent, from 231,397 TEUsin March 2013 to 327,

KVH Precision Sensors for Geodetics' Inertial Navigation Systems

 KVH Industries, Inc.,  a leading manufacturer of high performance fiber optic-based inertial sensors and gyros has entered into a strategic partnership with Geodetics Inc.

Canada Opts Out of Arctic Council Meeting

Canadian Environment Minister Leona Aglukkaq stated that a principled stand had been taken by Ottawa against Moscow's intervention in events in Ukraine, reports

Search resumes for missing in S. Korean ferry disaster

South Korean coastguards and navy divers resumed their search on Thursday for nearly 280 people still missing after a ferry capsized in what could be the country's

POSH may raise $311 Mln in Singapore IPO

PACC Offshore Services Holdings (POSH) could raise at least S$388.27 million ($311 million) after pricing its initial public offering near the bottom of the pricing range indicated earlier,

Holland American Line donates $100,000 to Desmond Tutu Peace Foundation

In honor of Archbishop Emeritus Desmond Tutu’s work to spread peace, justice and democracy around the globe, Holland America Line has made a $100,000 donation to

BOEM gives more time to submit plans OCS

The Bureau of Ocean Energy Management (BOEM) announced today the publication of its Final Rule to extend time requirements for submitting a Site Assessment Plan

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