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August 1, 2014 4:29 AM ET

Kurdish Crude Oil Tankships: End-Game Still in Doubt

After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good. Seemingly unable to find enough buyers willing to take a risk on million-barrel cargoes of disputed crude,

August 1, 2014 4:00 AM ET

Greek Warship Evacuates Libya Personnel

Greece safely evacuated embassy staff and more than one hundred Chinese and European nationals from Libya early on Friday with a navy frigate sailing back to the Greek port of Piraeus, its defence ministry said. Athens had sent a frigate and two other

August 1, 2014 2:19 AM ET

“K” Line and Ports America Deal on Strategic Partnership

  KAWASAKI KISEN KAISHA, LTD. (“K” Line) is pleased to announce that “K” Line and Ports America have agreed to form a strategic partnership aimed at enhancing and expanding “K” Line’s container terminal business. International Transportation Service, Inc.

August 1, 2014 2:17 AM ET

New Tolls Structure at Panama Canal

The Panama Canal Authority has advised that a new tolls structure will be introduced when the expanded Canal opens. The proposal the Authority plans to present in the coming months provides a structure that is competitive, attractive and customised to reflect advantages to clients by ship type,

August 1, 2014 2:03 AM ET

Children’s Day at Gazprom Transgaz Saratov

  On May 31 and June 1, 2014 . Over two thousand children from the Saratov, Tambov and Penza Regions took part in sports competitions, environmental quizzes and cheerful celebrations with performances by entertainers and company’s amateur creative teams.

August 1, 2014 1:59 AM ET

Rosneft to Carry Out Ecologic Fishery Research in Laptev Sea

  For the first time in history of Arctic Rosneft will carry out integrated ecologic fishery research on three licensed sites (LS) of Laptev Sea: Anisinsko-Novosibirsky, Ust’ Lensky and Ust’ Oleneksky. The Program of ecologic fishery research realization

August 1, 2014 1:41 AM ET

Jinhai Heavy Industry Secures Another Invention Patent

  Jinhai Heavy Industry of China has received patent rights for its large ship superstructure hoisting method after a state intellectual property review. The patent rights is for twenty years. The invention patent of large ship superstructure assembly method,

August 1, 2014 1:36 AM ET

Rolls-Royce Appoints Ruth Cairnie as Non-Executive Director

  Rolls-Royce is pleased to announce that Ruth Cairnie has been appointed as a Non-Executive Director of the Company with effect from 1 September 2014. Ruth Cairnie was formerly Executive Vice President Strategy & Planning at Royal Dutch Shell Plc,

August 1, 2014 1:32 AM ET

1H 2014 Profits of Port of Tallinn Up 16%

  Port of Tallinn earned an unaudited half-year net profit of 20.2 million euros with company’s turnover reaching 59 million euros. Compared to last year the turnover increased by 7% and the net profit by 16%. “The first half of this year introduced the best ever figures for Port of Tallinn,

August 1, 2014 1:07 AM ET

Geo-Science Provider TGS Reports Strong Half 2014 Results

TGS reports net revenues of USD 205 million in Q2 2014, compared to USD 210 million in Q2 2013. Earnings before interest and taxes (EBIT) totaled USD 82 million, corresponding to an EBIT margin of 40%. The Company's net pre-funding revenues were USD 60 million, up 39% from Q2 2013.

August 1, 2014 12:39 AM ET

Matson Reports Solid Q2 2014 Results, Dividend Increased

Leading U.S. carrier in the PacificMatson, Inc. reported net income of $18.1 million or $0.42 per diluted share for the quarter ended June 30, 2014, compared with $20.1 million or $0.47 per diluted share in 2013. Consolidated revenue for the second quarter 2014 was $436.

August 1, 2014 12:22 AM ET

Korea Shipbuilder Wins US$400-M Greek Order

Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, says it has signed a contract to build 4 tankships for Maran Tankers Management, a unit of Greece’s largest shipper Angelicoussis Group, according to Yonhap News.

August 1, 2014 12:07 AM ET

Scientific Team Arctic-bound Aboard Cutter 'Healy'

A team of scientists from the Coast Guard Research and Development Center (RDC) is to depart shortly from Seward, Alaska, for a technology evaluation in the Arctic aboard the Cutter 'Healy informs USCG. The RDC is leading a multi-agency team to support Arctic Shield 2014,

July 31, 2014 11:52 PM ET

Rolls Royce Marine Awarded LCS Engine Repair Contract

U.S. Department of Defense informs that Rolls Royce Marine North America, Walpole, Massachusetts, is being awarded a US$9,000,000 firm-fixed-price repair order (N00104-09-G-A755) for the repair of one Marine Trent 30 marine gas turbine engine for the Littoral Combat Ship (LCS) Freedom variant.

July 31, 2014 11:46 PM ET

Tuco Marine Sells First ProZero Fast Workboat

Tuco Marine Group says that it has sold its first boat shortly after the launch of ProZero, the new range of boats for the professional market. The vessel was sold in close cooperation with Tuco's Norwegian partner Provide Maritime A/S and was commissioned

July 31, 2014 11:34 PM ET

ABS President Wiernicki Signs New MARAD Agreement

The American Bureau of Shipping (ABS) informs that it has entered into a new Memorandum of Agreement (MOA) establishing the policies and procedures regarding the survey and classification of the National Defense Reserve Fleet (NDRF). The agreement expands

July 31, 2014 11:20 PM ET

Marcon Brokers Sale of Ocean-Going Tugboat

Marcon International, Inc. of Coupeville, Washington, says it has sold the U.S. flag ocean-going twin screw tug "Melvin E. Lemmerhirt" to U.S. buyers on a private & confidential basis. The 3,900BHP tug was built in 1973 for Great Lakes Dredge & Dock Co.

July 31, 2014 11:10 PM ET

MNZ Opens New Office in Port Taranaki

Maritime New Zealand (MNZ) informs that for the first time in 5 years it has a permanent presence in New Plymouth on the opening of a new office at Port Taranaki staffed by full-time maritime officer Michael Vredenburg. Opening the office, MNZ Director

July 31, 2014 10:27 PM ET

Port Of Los Angeles & MBDA at USC Team Up to Promote Trade

  The Port of Los Angeles and the U.S. Department of Commerce Minority Business Development Agency (MDBA) Center at the University of Southern California will be holding a FREE “Trade Connect” export workshop August 26, 2014 at USC’s Galen Center. The event will focus on providing information,

July 31, 2014 4:42 PM ET

NSRP Risk Management Panel and SCA Joint Meeting

The National Shipbuilding Research Program (NSRP) Risk Management Panel will be meeting jointly with the Shipbuilders Council of America (SCA) November 5-6, 2014 in Virginia Beach, Va. Those who plan to attend are required to complete the registration form: http://surveys.



 
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