Oil Marketer Says Africa Needs to Refine its Oil
Ethiopia's leading private oil marketer plans to expand into neighboring east African economies and is interested in part financing a refinery after commercial discoveries in the region.
Drydocks World to Build Jack-Up Drilling Rigs
Drydocks World, an international service provider to the maritime, oil and gas and energy sectors, announced it has signed an Agreement with Malta Oil & Gas Ltd. for building two unique new jack-up drilling rigs based on Gusto MSC CJ54-X135-A design. The Agreement was signed by His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World and Mr. Paul Robert Thomson of Malta Oil & Gas Ltd.
BASS Lands Deal in the Taiwanese Market
Fleet management solutions company BASS said it has achieved a recent deal in the Taiwanese shipping sector by securing its maiden contract in that bustling far eastern market. Under the deal with Taiwan’s Simosa Shipping, the BASSnet Maintenance module will be implemented within the company. BASS landed the contract following a tender exercise that proved its superiority in streamlining maritime operations through the innovative use of information technology.
Zueitina Oil Port Still Closed after Rebel Deal
Libya's eastern Zueitina oil port was still not under government control one week after an agreement with a federalist rebel group to immediately reopen it along with the Hariga terminal…
Topaz Secures another West Africa Contract
Topaz Energy and Marine, an offshore support vessel company with primary operations in the Middle East and Caspian, announced a new contract win for its fast growing West Africa operation. Under the terms of the $11 million agreement, Topaz will supply a global oil major with a platform supply vessel, the Topaz Faye, for 18 months to support its offshore production operations. This contract comes on…
First Dacia Imports Arrive at Fos
The first 402 Dacia cars from Morocco have arrived at Fos aboard the Neptune Lines car carrier City of Oslo under a deal that will see 20,000 vehicles per year imported for the French market. France-bound Dacia cars built at the Renault-Nissan plant in Tangiers are being handled at a new terminal operated by vehicle logistics specialist TEA, part of the Charles André group. The Marseilles Fos port…
RS Expands Participation in Offshore Projects
Russian Maritime Register of Shipping (RS) is to undertake ship construction survey for the Lukoil Group. This project follows the RS effective cooperation with…
Romania: Another U.S. warship to come to Black Sea
Another U.S. warship will come to the Black Sea after destroyer USS Donald Cook will leave, Romanian president Traian Basescu told reporters in the Black Sea port of Constanta on Monday.
Robotic Submarine Begins Flight MH370 Search
An international search has focused on waters west of the Australian city of Perth, with teams racing against time to detect signals before the flight recorder batteries – which last about one month – run out, are to send down a [Bluefin Robotics manufactured] Bluefin 21 AUV, reports BBC News. Search chief Angus Houston told the BBC that the Bluefin-21 drone would be sent down as soon as possible to search for wreckage on the sea floor.
New dredging contract for Van Oord in Indonesia
in Indonesia. The client is Indonesian port company PT Pelabuhan Indonesia III (Persero). million. Project execution will start in May 2014 and will last 10 months…
Illegal Mexican Fishermen Chased, Rescued
Four Mexican nationals, who were illegally fishing in U.S. waters off South Texas were rescued, after their lancha began taking on water during a pursuit by the crew of the Cutter 'Brant', informs the US Coast Guard. The Coast Guardsmen spotted a lancha crew recovering long-line fishing gear, 28 miles offshore and 4 miles north of the U.S./Mexico border and pursued the lancha for approximately 6 miles.
Good Friday Container Gate Operations at Charleston
Truck gates at Charleston's container terminals will be open on Friday, April 18th, 2014 with modified holiday work hours. The interchange lanes and yard will be…
KONGSBERG to deliver C4I CORTEX for the Combatant Craft Medium Mark One
Inc. (OIW) in Clackamas, OR on February 10th, 2014. KONGSBERG will provide their C4I CORTEX system to fulfill the requirements of the program’s Tactical Computer System. vessel. features. The hardware suite includes ruggedized displays, computers and servers. Johnstown, PA. "This has been a strategic pursuit and we are pleased that we are a part of the winning team. and our employees have put in a tremendous amount of work to secure this contract," says Åsmund Groven, President of KITS.
Coast Guard, Texas Parks and Wildlife locate, recover body in San Antonio Bay
missing since Friday morning, in San Antonio Bay. Wildlife Department boatcrew to the location. TP&W recovered the body. Aransas and Air Station Corpus Christi before…
NAT Common Share Offering a Success
Nordic American Tankers Limited (NAT) informs that its offering of 12,000,000 common shares, at a public offering price of $8.62 per share, was exercised in full by underwriters, and in accordance with the option granted to them by the Company they purchased an additional 1,800,000 common shares on the same terms. NAT also says that the closing of the follow-on offering and the closing of the option to purchase additional shares took place simultaneously. Morgan Stanley & Co.
The Midas Touch: US Navy Researchers Convert Seawater into Fuel
Researchers at the Naval Research Laboratory (NRL) say they have developed technology to extract carbon dioxide from seawater while simultaneously producing hydrogen, and then converted the gasses into hydrocarbon liquid fuel. NRL engineers consider the breakthrough to be a potentially revolutionary advancement. Flying a radio-controlled replica of the historic WWII P-51 Mustang red-tail aircraft – of the legendary Tuskegee Airmen – NRL researchers pictured here (l to r) Dr.
Drummond Construction Barge Sinking Flags Pollution Concern
A barge carrying construction materials for U.S.-based Drummond Co Inc, Colombia's second biggest coal miner, was shipwrecked at the company's port late last week, the company said on Sunday, causing leakage of some diesel fuel into the sea. Drummond only recently reopened the port in northern Colombia after the government had shut down operations until the miner completed an upgrade to meet new environmental legislation. It missed the January deadline for finishing work.
Iran Changes Mind on Atlantic Ocean Warship Deployment
Iran has called off a deployment of warships to the Atlantic Ocean, the semi-official Fars news agency said on Sunday, shelving plans for its vessels to approach U.S. maritime borders in response to the U.S. navy's presence in the Gulf. A senior Iranian naval commander was quoted in February as saying that several warships would be sent towards U.S. maritime borders in the Atlantic although the Pentagon…
New Dry-Freight Box Prices on the Rise
Prices for new dry freight containers increased in the opening months of 2014 for the first time in two years, observes Drewry's latest 'Container Leasing and Container Census'. Standard box prices declined gradually throughout 2013, falling by late in the year to their lowest point since 2009, and they have so far barely managed to recover 10% by April 2014. They presently stand at much the same level as one year ago.