Nakilat Venture Gets Qatar Military Ship Order
Qatar Gas Transport Co (Nakilat) said on Tuesday that a joint venture between it and Dutch shipbuilder Damen had won orders worth 3.1 billion riyals ($850 million)…
North Sea Crude: Forties Stronger, May Supplies Down
North Sea Forties crude differentials rose for a third day on Friday as the May loading schedule showed a drop in supplies from this month. The supply of North Sea…
Europe Gasoline Stronger, Exports Brisk
Gasoline barge prices in northwest Europe rose on Friday, boosted by brisk cargo exports as demand builds ahead of the peak summer driving season. "Things are perking up," said one trader.
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
U.S. Crude Jumps $1 on Jobs Data, Libya Doubt
Crude oil prices on both sides of the Atlantic rose on Friday as data showed strong jobs growth in the United States and investors cast doubt on reports Libya's oil ports were about to reopen.
Indian Ports' Coal Import on the Rise
India's major state-owned ports handled 17 percent more imported coal in the fiscal year ended March, according to data from the Indian Ports Association (IPA),…
Britain Seeks Tenant for BAE's Portsmouth Shipyard
Britain has appointed agents to find a tenant for the country's historic Portsmouth dockyard, which is due to be vacated by BAE Systems by the end of the year as the defence contractor shuts its shipbuilding activities in the city. BAE's announcement in November last year, which will affect 940 jobs, signalled the potential end of more than 500 years of shipbuilding in Portsmouth on England's south coast. The company plans to consolidate operations at its yards in Glasgow, Scotland.
Aker Fined $8.5M for Insider Trading
Norwegian holding company Aker will pay an $8.5 million fine for insider trading in shares of a company it controls, the oil services firm Aker Solution, the holding company said on Friday.
Louisiana Southwest Pass Dredging in Progess
GAC informs that until approximately July 8, 2014, the dredge G.D. Morgan will be conducting dredging of shoal material in the vicinity of Southwest Pass of the Mississippi River.
PDVSA to Sell Jet Fuel and ULSD Cargos for April
Venezuela's state-run PDVSA launched tenders to sell one 240,000 barrel cargo of jet fuel and one 240,000 barrel cargo of ultra low-sulfur diesel (ULSD) for delivery in April…
Arctic Sea Ice Reaches Maximum Extent for 2014
NSIDC issued an update to Arctic Sea Ice News & Analysis describing winter sea ice conditions in the Arctic Ocean stating Arctic sea ice reached its maximum extent for the year on March 21 at 14.91 million square kilometers (5.76 million square miles), making it the fifth lowest maximum in the satellite record (1978-2014). Antarctic sea ice reached its annual minimum on February 23, and was the fourth highest Antarctic minimum in the satellite record.
Four Holland America Ships to Sail SA Cruise Season
From fall 2014 through spring 2015, Holland America Line will offer South America deployment with four ships positioned in the region. The line's ms Statendam, ms Maasdam, ms Prinsendam and ms Zaandam will sail 20 voyages around the continent ranging in length from 14-68 days. With departures from Fort Lauderdale, Fla.; San Diego, Calif.; and Vancouver, British Columbia, as well as sailings originating within South America…
Genco Reaches Bankruptcy Restructuring Deal
Genco Shipping & Trading Ltd. will cut its debt by more than $1 billion by giving control of the company to its lenders in a deal that requires the dry bulk shipping company to file for bankruptcy. Lenders backing a $1.06 billion credit facility would convert their debt into about 81.1 percent of company's stock, according to a regulatory filing from Thursday. Investors who hold $125 million of Genco convertible debt would receive 8.4 percent of the company.
Petroperu Tenders to Buy Biodiesel Cargos
State-run Petroperu launched a tender to buy two 100,000 barrel cargos of biodiesel to be received from May 2 to June 6 at Talara, Conchan and Mollendo ports, according…
Enbridge Licensed to Re-export Oil from US
Enbridge Inc. on Friday confirmed its subsidiary Tidal Energy Marketing has obtained a license from the U.S. government to re-export Canadian oil from U.S. shores.
Europe to Dominate Ballast Water Treatment Market
The global ballast water treatment systems market is estimated to grow at a compound annual growth rate of 21 percent from 2012 until 2019. The retrofit market is…
Canpotex Reaches Agreement with Indian Customers
Canpotex Limited announced it has agreed to an annual contract with its government and private sector partners in India to supply approximately 1 million metric…
NTSB Board to Discuss Wall St. Ferry Accident
The National Transportation Safety Board will meet to discuss a 2013 accident involving the Seastreak Wall Street commuter ferry in lower Manhattan. On January 9…
US Says Iran Oil Exports in Line with Sanctions
The United States on Friday dismissed suggestions that Iran was exporting much more oil than it is allowed to sell under a preliminary nuclear deal with world powers…
BP Whiting Refinery Cleanup Winds Down
An assessment team, comprised of representatives from the Coast Guard, Environmental Protection Agency and BP, stated Friday that no further cleanup actions were…