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May 23, 2015 9:08 AM ET

2 Americans Rescued North of Cuba

  A Coast Guard MH-60 helicopter crew rescued two American sailors whose vessel ran aground approximately 25 miles north of Gibara, Cuba, Friday. Watchstanders at the Coast Guard 7th District command center were first notified of the emergency Friday

May 23, 2015 8:57 AM ET

Shell CEO Backs Fossil Fuels, Climate Change Warnings

  The world's fossil fuel reserves cannot be burned unless some way is found to capture their carbon emissions, Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden said on Friday. In an interview published in Britain's Guardian newspaper,

May 23, 2015 8:52 AM ET

Severe Flooding Cuts Off Lone Road to Alaska's Oilfield

  Alaska's lone road to North Slope oil field operations remains closed for the third time in two months while emergency crews continue to redirect flooding from an adjacent river, state officials said on Friday. Alaska Governor Bill Walker's office

May 23, 2015 8:49 AM ET

Pipeline Spill Could Hamper California Oil Projects

  Hundreds of barrels of oil that gushed from a ruptured coastal pipeline in scenic California this week could stiffen opposition to large oil projects that companies want to build in the state, notably those to deliver cheap U.S. crude on trains. Several

May 23, 2015 8:46 AM ET

U.S. Senators Urge Obama to Block Arctic Oil Drilling

  A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell's preparations for oil exploration in the Arctic, saying the region has a severely limited capacity to respond to accidents. The senators,

May 23, 2015 8:42 AM ET

Mayor Garcetti on Ratification of Port Labor Contract

  International Longshore and Warehouse Union members have ratified a five-year contract governing pay and work rules at 29 West Coast ports, including those of Los Angeles and Long Beach. Mayor Eric Garcetti made the following statement regarding the

May 23, 2015 8:38 AM ET

Fincantieri Invests In Camper & Nicholsons

Fincantieri has signed an agreement for the acquisition of a minority stake via capital injection in Camper & Nicholsons International (Camper & Nicholsons), the world leading authority in all luxury yachting activities. The agreement includes the possibility

May 23, 2015 8:28 AM ET

Seaway to Receive Prestigious OECD Award

  The St. Lawrence Seaway Management Corporation (SLSMC) announced today that it will receive a prestigious award from the Organization for Economic Cooperation and Development (OECD) for developing the world’s first Hands-Free Mooring (HFM) system for ships transiting its locks.

May 23, 2015 8:25 AM ET

Miller is VP - Government and Political Affairs, NOIA

  The National Ocean Industries Association (NOIA) has promoted Megan Bel Miller to Vice President for Government and Political Affairs. She will lead NOIA's Congressional relations and Political Action Committee.Megan joined the NOIA staff in May 2013 as Senior Director,

May 23, 2015 7:32 AM ET

Indonesia Rolls Out First Green Container Terminal

 It was an historic moment for Indonesia when President of Indonesia inaugurated the Lamong Bay Terminal in Surabaya, East Java, operated by state-owned PT Pelabuhan Indonesia III (Pelindo III).   The Lamong Bay is the first green-concept container terminal in the country,

May 23, 2015 7:31 AM ET

Oil Leak Contained at MV Miner Site

 On-site workers acted quickly to contain an oil leak during the final stages of removing the wreck of the MV Miner off Scaterie Island, says the government of Canada’s Nova Scotia province.   About 800 litres of oil was collected after a leak occurred

May 23, 2015 7:31 AM ET

Yemen-bound Aid Ship Docks in Djibouti

 An Iranian ship carrying humanitarian aid for war-ravaged Yemenis has arrived in Djibouti. It will be inspected by the United Nations so its cargo can be shipped to conflict-torn Yemen.   It now remains to be seen whether the ship will be boarded and inspected before continuing,

May 23, 2015 7:30 AM ET

Russian, Azerbaijani Navy to Hold First Ever Joint Drills in Caspian Sea

 About 10 Russian and Azerbaijani ships will take part in a joint naval exercise in the Caspian Sea for the first time; RIA Novosti cited the statement of Russia’s Southern Military District.    "The military officials of the countries reached a decision

May 23, 2015 7:30 AM ET

Mobil Says Oil Discovery off Guyana is 'Significant'

 Unlike almost all its neighbors, Guyana isn’t an oil producer yet. But the energy giant Exxon Mobil recently announced it had discovered “significant” oil off the coast.     The discovery could put Guyana on oil and gas Map and the country could become a player in the oil marketplace.

May 23, 2015 7:29 AM ET

India-ASEAN Naval Cooperation On

 The Indian Navy's indigenous offshore patrol vessel, INS Saryu, will participate in a week-long ASEAN Regional Forum (ARF) Disaster Relief Exercise (DiREx).   According to an official statement, the vessel is commanded by Cdr Sreekumar Pillai and operates under the Andaman and Nicobar Command.

May 23, 2015 7:28 AM ET

Tsakos Energy Navigation Reports 156% Increase in Q1 Profits

 Greece-based Tsakos Energy Navigation Ltd (TEN) has reported first-quarter profit of $37.3 million from $14.6 million in Q1 2014 - a 156% Increase. On a per-share basis it has profit of 42 cents.   The results topped Wall Street expectations. The

May 23, 2015 7:28 AM ET

Egypt's $3 Bln LNG tender in June

 Egypt is reportedly to issue a tender in early June to buy up to $3 billion of liquefied natural gas over 2016 and 2017, Reuters reports.   The country recently secured 90 cargoes of the liquefied natural gas, majority of which came through a $2.2 billion tender.

May 22, 2015 3:13 PM ET

US Funding for Air Emissions/Alternative Energy Projects

The U.S. Maritime Administration (MARAD) announced that up to $1.3 million in Federal funding is now available through cooperative agreements for projects supporting vessel emissions reductions and alternative energy.   The funding is being made available

May 22, 2015 2:03 PM ET

DMW Marine Takes the Lead in Military Cranes

DMW Marine Group, LLC. has completed a number of projects for the U.S. Navy and foreign Navies in recent years, claiming a place as a go-to supplier for Navy departments globally.   Notable projects as listed by DMW include a personnel handling 500 tonne meter knuckleboom crane,

May 22, 2015 1:33 PM ET

US Oil Platform on Fire in Gulf Of Mexico

An oil platform caught fire and was evacuated in the U.S. Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.S. Coast Guard said.   Fire-fighting crews worked to contain the fire on Friday near Breton Island,



 
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