People & Company News

Hamburg Süd to Acquire CCNI Liner Service

Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile, and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft

MOL Commended with Quality Ship Awards

MOL Commended for ‘FY2013 Best Quality Ship Award’; MOL president Koichi Muto meets with captain and chief engineer, exchanging views and working to establish a more solid safe operation system.

Hydro Group: Invest in the Future

Hydro Group shows a clear commitment to the next generation of employees Figures published earlier this year show that Scotland’s current levels of youth unemployment (16-24-year-olds) is at 853,

Gas Prices Help Offset Statoil's Output Drop

Statoil's second quarter 2014 net operating income was NOK 32 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.

McMillan, Sea Catch Celebrate 20 Years

McMillan Design is celebrating 20 years of design, manufacturing and sales of the Sea Catch Toggle Release. Since 1994, Sea Catch, a quick release hook designed

Danos Adds Environmental Services

Danos recently added an Environmental Services Division to the company’s collection of oilfield related services, which includes production workforce, construction,

Croatia Shows No Sign of Interest in MOL's INA Stake

Hungarian oil and gas group MOL has not received any official notification from the Croatian government indicating that Zagreb would want to purchase MOL's stake in Croatian energy firm INA,

Kazakhstan's Energy Company Moves Towards Float

Kazakhstan's state-owned national energy company KazMunaiGas took a significant step towards a possible stock market flotation on Friday, confirming it had approached

Asia VLCC Rates Could Nudge Higher on Activity

Rates for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering

Power Benchmarks: Curve Prices Hold Gains

German Cal '15 remains at 4 1/2-month high; traders say need detail of EU-Russia sanctions to react. Spot mixed, Germany up on weaker green energy supply. FRANKFURT,

Polish LNG Terminal Consortium Needs More Money

The consortium building Poland's first liquefied natural gas (LNG) terminal is in talks to increase the amount it is being paid, but there is no risk to the completion of the project,

Asia-Pacific Crude-Buyers, sellers in tug-of-war

Buyers and sellers in the Asia-Pacific crude market remained at odds as ample supply and weak refining margins weighed on prices, traders said on Friday. "This market is just so weak,

Statoil Expects European Gas Price Rebound

Norwegian oil and gas company Statoil expects natural gas prices to rebound after a big fall in the first half of this year, Chief Executive Helge Lund said on Friday.

Danish Bunker Trader Joins GAC in London

GAC Bunker Fuels says it has appointed former GAC Denmark Shipping Assistant Ida Ryberg as a Bunker Trader with its UK team. Ryberg joins Andy Boichat and Resham

Costa Tow Update: Climate Onboard 'Calm'

According to the latest update, after approximately 30 hours of navigation, the Concordia has travelled 63 nautical miles at an average speed of 2 knots, informs

Star Bulk Takes Delivery of First Capesize from JMU

Athens, Greece-headquartered Star Bulk Carriers says it has taken delivery of 'M/V Peloreus' a 182,000 dwt Capesize built by Japan Marine United (“JMU”) and the

Ardmore Shipping Secures Newbuilding Finance

Ardmore Shipping Corporation says it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB ("SEB").

RoboSub CUAUV Competion Entry Sponsored by ADLINK

Internet-related services provider ADLINK Technology says it is to sponsor the Cornell University Autonomous Underwater Vehicle (CUAUV) team’s entry into next week’s

Gulf Island Fab Sign Bechtel Offshore Cooperation Agreement

Gulf Island Fabrication, Inc. says it has signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.

Crowley Christens New DP2 Tugboat

Crowley Maritime Corp. said that the third of four tugboats in the Ocean-class series, Ocean Sky, has been christened in Houston. The ceremony served to formally

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