People & Company News

IBIA Celebrates 23th Annual Dinner

Association appoints new board members and sets priorities for the future   The International Bunker Industry Association (IBIA) has appointed three new members

ICS Coordinates Maritime Employers at ILO Meeting

 The International Chamber of Shipping (ICS), as the Secretariat for the Shipowner Group at the International Labor Organization, coordinated employers’ representatives

Coxreels Upgraded Multi-Lobe Seals

Coxreels has  announced a seal upgrade to the nitrile 1.5” and 2” inline swivels with advanced multi-lobe sealing technology.   The enhanced seals are designed to maximize seal integrity,

KPI Bridge Oil’s Kofiani Tomacoglu Relocates to Athens

KPI Bridge Oil; a global trader and broker in marine fuels, marine lubricants and risk management products; has relocated bunker and lubricant trader Jenny Kofiani Tomacoglu to its Athens office.

NMMA Recognizes 46 Boat and Engine Manufacturers

The National Marine Manufacturers Association (NMMA)  announced 46 recipients of the 2015 Marine Industry Customer Satisfaction Index (CSI) Awards for excellence in customer satisfaction.

Noske-Kaeser Productsfor Canadian Market

On the 27th of January, 2016, Noske-Kaeser GmbH and Patlon Aircraft & Industries Limited signed an exclusive distributor agreement. By that Noske-Kaeser has

Trelleborg's Uraduct Earns Certificate for Material Verification

Trelleborg’s offshore operation in the U.K. has received a certificate for material verification for Uraduct under the American Petroleum Institute’s specification

OSV Delivered to MC2 in Dubai

Marine Core & Charter LLC (MC2) headquartered in Dubai has taken delivery of the new build PETRA-1, the first of two, 45-meter Fast Offshore Support Vessels in

Seagull Mobile App Launched

The Seagull mobile app for crew training status is aims to revolutionize the way seafarers track their training records and receive critical safety alerts, by making

Total CEO: Refining Capacity Cuts Necessary

Total spurs European shutdowns; urges others to follow suit despite strong profits. Refiners buoyed by cheap oil and fat margins face a return of tougher times due to stubborn overcapacity,

Baltic Index Pauses at Record Low

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended flat on Thursday after declining for 12 straight sessions

Maersk Drilling Sees Continued Overcapacity

As much as one third of the global offshore fleet of oil drilling rigs could be idled in 2016 as energy firms scale back investments on the back of weak crude prices,

Gazprom Looks to Int'l Banks for $2 bln Loan

Russian state gas firm Gazprom is looking to raise a $2 billion syndicated loan from international banks, two banking sources told Reuters on Thursday. One of

TransCanada Ups Dividend Despite Slump, Keystone Setback

TransCanada Corp., Canada's second-largest pipeline company, raised its dividend at a time when most energy companies are scaling back shareholder payouts, as long-term

Obama Climate Plan Faces Skeptical Supreme Court

The U.S. Supreme Court's unexpected move to block President Barack Obama's policy to cut pollution from coal plants highlights what both sides in the legal fight

Phillips 66 Sheds Cushing Crude, Traders Spy Output Cuts

U.S. refiner Phillips 66 dumped crude for immediate delivery in Cushing, Oklahoma on Wednesday, sparking speculation that the move reflected advance warning of

Oil Down on U.S. Supplies, Weak Demand

Iran offers crude to Asia at discount to Saudi Arabia. Oil slid on Thursday, dented by record U.S. crude inventories, worries about the demand outlook and a

Glencore's Debt-Reduction Plan Includes Output Cut

Firm to cut 2016 oil production by 20 pct as prices slide. Glencore has taken another step to reduce its debt by selling $500 million of future precious metals output,

TransCanada posts Q4 loss on Keystone-Charge

TransCanada Corp., Canada's second-largest pipeline company, reported a quarterly loss as it recorded a C$2.9 billion after-tax impairment charge related to the proposed Keystone XL pipeline.

Greeks at Frontline of Migrant Crisis Angry at EU Critics

ABOARD THE AGIOS EFSTRATIOS, Aegean Sea, Feb 11: Greek Captain Argyris Frangoulis lifts his binoculars and with eyes fixed on the Aegean Sea horizon, steers his

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