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July 31, 2015 1:31 PM ET

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June, data showed on Friday. That was a sign some drillers followed through

July 31, 2015 1:06 PM ET

Thordon Bearings Secures AK Ferry Contract

Thordon Bearings has received an order to supply its COMPAC system to two Alaska Ferry newbuilds under construction at the Vigor Industrial shipyard in Ketchikan, Alaska. The Canada-based company, a supplier of seawater-lubricated propeller shaft bearings,

July 31, 2015 12:58 PM ET

West Africa's August Crude Exports to Asia to Slip

West African crude oil exports to Asia were expected to fall to 1.84 million barrels per day (bpd) in August, Reuters data and a survey of traders showed.     Slower buying by Indian independent refiners such as Reliance was the primary factor behind the overall decline of 13 percent from July,

July 31, 2015 11:25 AM ET

DHS, Postal Service to Dedicate USCG Forever Stamp

U.S. Department of Homeland Security (DHS) and Postal Service leaders are scheduled to dedicate the United States Coast Guard Forever stamp during a ceremony Tuesday at Coast Guard Headquarters. The stamp is being issued as a Forever stamp and honors

July 31, 2015 10:30 AM ET

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services, announced the following: It has reached an agreement with Ocean Rig UDW Inc.

July 31, 2015 10:02 AM ET

Cruise Industry Wins Key Norovirus Judgment

In what is being seen as a landmark decision, Hill Dickinson is the first law firm to have successfully defended a UK class action case involving a Norovirus outbreak onboard a cruise liner.  The case, which involved an outbreak of gastroenteritis onboard the “THOMSON SPIRIT”,

July 31, 2015 9:32 AM ET

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of the ASEAN grouping told Reuters on Friday. China claims most of the potentially energy-rich sea,

July 31, 2015 9:15 AM ET

MHI: Notice of Absorption-Type Split Agreements

MHI gives Notice Regarding Conclusion of Absorption-type Split Agreements Relating to Transfer of Ship Construction and Hull Block Manufacture Businesses to Two Consolidated Group Companies by Company Split. On February 4, Mitsubishi Heavy Industries, Ltd.

July 31, 2015 8:29 AM ET

Calais Port Blocked Again by Protesters

Protesting ferry-workers blocked road access to the northern French port of Calais with burning tyres on Friday, police said. The workers have in recent weeks intermittently blocked the port and sometimes the Channel Tunnel in a protest over job cuts

July 31, 2015 8:20 AM ET

Royal Caribbean's Profit Rises 34 Percent

Royal Caribbean Cruises Ltd, the world's second-largest cruise operator by revenue, reported a 34 percent rise in quarterly profit as passengers spent more onboard and demand rose for its Caribbean cruises. Net income rose to $185 million, or 84 cents per share,

July 31, 2015 7:32 AM ET

Hapag-Lloyd Adds Halmstad to Rotation

As one of the top global carriers Hapag-Lloyd offers a comprehensive service network and will add port of Halmstad, Sweden to the Nordic Short Sea Network. As of September Hapag-Lloyd will offer a weekly call in Halmstad, Sweden. With the existing Sweden Denmark Express Service (SDX),

July 31, 2015 7:25 AM ET

BBC Chartering Opens Vietnam Office

BBC Chartering announces the opening of a new representative office in Ho Chi Minh City, Vietnam, starting August 1st breakbulk, and general cargo transportation due to good prospects and growth rates outperforming other countries in the region. “The

July 31, 2015 7:08 AM ET

Fratelli Neri Orders Damen Tug

One of the largest Italian tug owners, Fratelli Neri S.p.A, ordered its first Damen tug, an ASD 3212, on 21 July 2015.   The vessel will be the first ASD tug in the Mediterranean region with a Damen Render Recovery Escort winch. The family-owned, Livorno-based

July 31, 2015 7:05 AM ET

Three Rescued on Lake Tahoe

The Coast Guard and multiple agencies rescued three people Wednesday evening after they were reported missing on Lake Tahoe. At 9:45 p.m., Coast Guard Sector San Francisco Command Center watchstanders received notification from Coast Guard Station

July 31, 2015 6:56 AM ET

NOIA Applauds Senate Passage of OPENS Act

NOIA President Randall Luthi issued the following statement on the Senate Energy and Natural Resources Committee’s passage of the OPENS Act, which will open new areas of the OCS to energy exploration and development, extend revenue sharing to participating coastal states,

July 31, 2015 6:50 AM ET

Fond Farewell to HMAS Tobruk

The Governor-General, His Excellency General the Honourable Sir Peter Cosgrove, AK, MC (Retd), together with the Assistant Minister for Defence Stuart Robert, MP, and Chief of Navy Vice Admiral Tim Barrett, AO, CSC, RAN, today attended the decommissioning

July 31, 2015 12:00 AM ET

Shell Moves Ahead in Arctic with Exploratory Well

Shell Oil's icebreaker MSV Fennica weaved through nine remaining protesters hanging from the St. Johns Bridge and made its way toward the Pacific Ocean.   Authorities have removed protesters dangling from a bridge and in kayaks in Oregon, allowing

July 31, 2015 12:00 AM ET

Thai Navy Lobbies for More Submarines

The Royal Thai Navy claims it urgently needs more submarines to compete with other Asian countries.   The assistant commander made the claim aimed at persuading a skeptical public that the nation should invest in its military in a white paper sent to reporters, the Bangkok Post reported.

July 30, 2015 11:59 PM ET

China Shipping Orders Eight 13500 TEU Box Ships

China Shipping Container Lines has placed orders for eight 13,500 twenty-foot-equivalent container ships at Shanghai Jiangnan Changxing Shipbuilding, continuing the aggressive fleet expansion began last year.     As agreed, Jiangnan Changxing will design and build eight 135,

July 30, 2015 11:59 PM ET

SSE Rolls Out Two Shipping Indices

 Shanghai Shipping Exchange launched on Wednesday the "Belt and Road" shipping indices, tracking trade data and shipping freight rates under the initiatives of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, reported China Securities Journal.



 
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