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November 24, 2014 9:37 AM ET

EU Backs Nantes St-Nazaire and Vigo Transport Link

The EU's TEN-T Program will back the upgrade of the existing sea line between Nantes St-Nazaire, France and Vigo, Spain with over €3.5 million to ensure reliable and frequent shipping service of cargo transport. The alternative sea route is expected

November 24, 2014 8:53 AM ET

Interferry Welcomes IMO Decision on LNG Fuel Tank Placement

Interferry has welcomed a decision at last week’s IMO Maritime Safety Committee meeting (MSC94) setting out rules for the location of fuel tanks on LNG-powered ships, a decision that the trade association said will safeguard further development of the LNG option.

November 24, 2014 7:35 AM ET

Egypt Eyes Suez Container Port Renegotiation

Egypt is trying to renegotiate an extension of an agreement worth $1.5 billion with Suez Canal Container Terminal which has a concession to run a port near the entrance to the canal, a government official said. Ahmed Amin, an advisor to Egypt's transport minister,

November 24, 2014 7:29 AM ET

China Defies U.S. Plea for Restraint in South China Sea

China on Monday hit back at "irresponsible remarks" from the United States which has called on Beijing to stop a land reclamation project in the disputed South China Sea that could be large enough to accommodate an airstrip. China lays claim to almost all of the entire South China Sea,

November 24, 2014 7:25 AM ET

Maersk Drilling gets Extension for Jack-Up

Maersk Drilling, is a unit in shipping and oil conglomerate A.P. Moller-Maersk. Hess has exercised the four one-well options included in the current contract for the jack-up rig Maersk Resolute. Each of the four additional wells has an estimated duration

November 24, 2014 7:18 AM ET

India Seeks Private Cash for Intermodal Bridge

Rail system needs more tracks and wagons; Not enough coal gets from port to power stations. India is targeting up to $1 billion of private investment by 2017 to build rail lines linking ports and national networks to ease growing congestion, which

November 24, 2014 5:46 AM ET

USCG Medevacs 80 Yr-Old Near Lake Michigan

  A Coast Guard aircrew medically evacuated an 80-year-old man off Beaver Island in Lake Michigan Sunday night. The man’s name is not being released. At 5:40 p.m., emergency medical personnel on Beaver Island contacted a search and rescue coordinator

November 24, 2014 5:39 AM ET

Terex Scoops 2 IBJ Awards

  Terex® Quaymate M50 mobile harbour crane is Crane of the Year – Dr. Mathias Dobner honored Rotterdam/Düsseldorf, 24 November 2014 – Terex Port Solutions (TPS) has been successful in two categories of this year’s awards, presented by the leading international

November 24, 2014 5:34 AM ET

CBP P-3 Disrupts Attempt to Smuggle cocaine

A U.S. Customs and Border Protection, Office of Air and Marine P-3 aircrew operating out of National Air Security Operations Center (NASOC)-Jacksonville, Florida, detected a suspicious vessel carrying more than 1,100 pounds of cocaine with an estimated street value of more than $82.

November 24, 2014 5:28 AM ET

MacGregor Signs Contract with Shell

  MacGregor, part of Cargotec, has signed a contract with Shell for a Pusnes permanent mooring system. Contract value is around EUR 20 million.   "We are very happy to finalise this large contract," says Jan Martin Grindheim, Vice President, Offshore Mooring Systems at MacGregor.

November 24, 2014 5:18 AM ET

Rawicz-12 Well Spuds

  San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces the spud of the Rawicz-12 appraisal well yesterday on the 742 km2 Rawicz Concession in Poland’s southern Permian Basin. The well, which

November 24, 2014 5:15 AM ET

BHP Billiton Focus on Operation & Productivity

 * BHP Billiton is now targeting US$4 billion of annualised productivity gains in its core portfolio by the end of the 2017 financial year, a US$500 million increase on previous guidance.  * Improved capital productivity will allow planned investment to be reduced from US$14.

November 24, 2014 5:10 AM ET

Odd Arne Slettebø new CFO of “Noreco”

  Norwegian Energy Company ASA has appointed Odd Arne Slettebø as Chief Financial Officer (CFO). Odd Arne Slettebø replaces Tommy Sundt who has been appointed new CEO of the Company. Slettebø joined Noreco in August 2012 and was until now Group Finance Manager of Noreco.

November 24, 2014 5:07 AM ET

Fincantieri Sign MoUs with Carnival & CSSC

  Fincantieri, the world leader in the construction of cruise ships, has signed two memorandums of understanding, respectively with Carnival Corporation, the world’s largest cruise line, and with China CSSC Holdings Limited, controlled by CSSC (China State Shipbuilding Corporation),

November 24, 2014 5:01 AM ET

Dan-Bunkering Opens Office in Aalborg

  The global bunker company, A/S Dan-Bunkering Ltd., expands its activities with an additional office in Denmark. "We have employed our first trading team in Aalborg and expect to be ready to trade as soon as 1st December, when Dan-Bunkering Aalborg opens.

November 23, 2014 5:52 AM ET

USCG Assist Duck Hunters Near Harrington Beach Park

  The Coast Guard and the Port Washington and Cedar Grove Fire Departments came to the assistance of two duck hunters on Lake Michigan Friday. The names of those involved are not being released. A 911 dispatcher contacted Coast Guard Station Sheboygan  at 11:30 a.

November 23, 2014 5:41 AM ET

Sapurakencana Wins 3 Petronas Oil blocks

  SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore south Vietnam (Blocks 01/97 & 02/97, Blocks 10&11.1, Block 46-CN) for a total purchase price of US$400 million.

November 23, 2014 5:34 AM ET

Kemp Succeeds Semple at Wood Group

  Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to retire and step down from his current role and from the board at the company’s annual general meeting in May 2015,

November 23, 2014 5:22 AM ET

Russia Has No Plan to Cut Oil Output

  Russia, the world's biggest energy exporter, does not plan to cut oil production to shore up prices, Rossiya 24 television quoted Energy Minister Alexander Novak as saying on Saturday. Russia, which relies on oil and gas exports for about half its federal budget,

November 23, 2014 5:13 AM ET

ST Engineering Rejigs Top Deck

  Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the Group with a view to further strengthen its leadership team. Mr Lee Fook Sun, currently



 
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