Bunker Specialists Endofa Name Hoffmann CEO
Endofa, an independent marine fuel supplier and bunker trader, informs it has named Lars Hoffmann as Chief Executive Officer. Prior to joining Endofa, Hoffmann served as Chief Executive Officer for Shipping.dk. He also served on the board of the Danish Shipbrokers Association. "We have known Lars for many years and always admired him for his accomplishments in shipping and his work for the Danish shipping industry," notes Endofa's Kenn Soendergaard.
Havyard to Build Hybrid Battery Arctic PSV
Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be designed by Havyard Design and Solutions in Fosnavaag & will be constructed at Havyard Ship Technology`s yard in Leirvik in Sogn, Norway. The vessel will become newbuild number 126, and has a contract value of just above NOK 350 million being due for delivery in July 2015.
Keel-Laid for Navy's 10th LCS at Austal Yard
The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs the Program Executive Office Littoral Combat Ships. The ship's sponsor, Roxanna Green, was unable to attend the ceremony. The ship's namesake, former U.S. Rep. Gabrielle Giffords, authenticated the keel by having her initials welded into a sheet of the ship's hull.
Shipping Turns From Banks to Equity Markets for Cash
Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980s. Ship owners ordered large numbers of vessels between 2007 and 2009, just as the global economy sank into crisis. Prospects have brightened in recent months as world trade picks up and the ship glut is absorbed.
Vice-Principal Of S.Korea School In Ferry Disaster Commits Suicide
The vice-principal of a South Korean high school who accompanied hundreds of pupils on a ferry that capsized has committed suicide, police said on Friday, as hopes…
When Will Deep Sea Mining Commence? The Robot is Ready
The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea (PNG) - when a wrangle over terms is solved. Beyond PNG, in international waters, regulation and royalty terms for mining the planet's subsea wealth have also yet to be finalised. The world waits for the judgement of a United Nations agency based in Jamaica. "If we can take care of the environment we have a brand new day ahead of us.
Crewman Claims Ferry Captain "Rushed Back To Bridge"
The captain of a South Korean ferry that capsized two days ago rushed back to the bridge after it started listing severely and tried in vain to right the vessel…
Years After BP U.S.Oil Spill: Compensation Battle Rages
Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.
Russia Ships First Oil From Offshore Arctic Platform
President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share. Gazprom Neft, the oil arm of Russia's top gas producer Gazprom, shipped the first 70,000 tonnes of oil by tanker from the Prirazlomnoye platform, the site of a protest by 30 Greenpeace activists who were arrested last year.
Shell Commited To Russia Expansion Despite Sanctions
Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions imposed on the country after its annexation of Ukraine's Crimea region. Shell plans to expand Russia's only liquefied natural gas (LNG) plant with Russian partner Gazprom, he said at a meeting at Putin's residence. "We, of course, will pledge all the necessary administrative guidance and support…
Reports: Brazilian Tycoon Batista Investigated For Financial Crimes
Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering…
Captain of capsized S Korean Ferry Arrested
The captain of a South Korean ferry that capsized, leaving 29 people dead and 274 others missing, was arrested on Saturday, the country's Yonhap news agency said. Yonhap said Captain Lee Joon-seok, 69, faced five charges including negligence of duty and violation of maritime law. Investigators had said earlier that Lee was not on the bridge at the time the Sewol ferry started to list sharply on Wednesday, with a junior officer at the wheel.
Bodies found trapped in S Korean ferry
Divers searching for survivors of a capsized South Korean ferry saw three bodies floating through a window of a passenger cabin on Saturday but were unable to retrieve them, the coastguard said, hours after the ship's captain was arrested. The ferry, carrying 476 passengers, many of them schoolchildren, and crew, capsized on Wednesday on a journey from the port of Incheon to the southern holiday island of Jeju. Some 174 people have been rescued and hopes were fading for those still missing.
RS at SEA JAPAN 2014
Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry. The event which brought together the leading industry representatives of the world took place between 9 to 11 April 2014 at the Tokyo Big Sight exhibition centre in Tokyo, Japan. The participants of the exhibition were 489 companies from 27 countries of the world.
New sanctions threats as Ukraine stalemate goes on
A day after an international deal in Geneva to defuse the East-West crisis in Ukraine, pro-Russian separatists vowed not to end their occupation of public buildings…
Schlumberger Announces Q1 Results
Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.57 billion in the first quarter of 2013. Income from continuing operations attributable to Schlumberger, excluding charges and credits, was $1.59 billion—a decrease of 11% sequentially but an increase of 23% year-on-year. quarter of 2013.
Coast Guard tactical air squadron holds change of command ceremony
Capt. Kevin P. Gavin relieved Capt. Donna L. Cottrell as commanding officer of Coast Guard Helicopter Interdiction Tactical Squadron Jacksonville during a change of command ceremony at HITRON Friday. HITRON is America's first airborne law enforcement unit trained and authorized to employ airborne use of force and intercept go-fast vessels suspected of transporting illicit narcotics toward U.S. borders. During the ceremony, Vice Adm.
India's Reliance Q4 Sales Rise
Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue. Reliance, which operates the world's biggest refining complex in western India, reported net profit of 56.31 billion rupees for the quarter to end-March, compared with analysts' expectations of 56.62 billion rupees. Its average gross refining margin dropped to $9.30 per barrel from $10.10 a year earlier…
DNV's accredatation for Neosho Memorial
Neosho Memorial Regional Medical Center, Chanute, has completed a new accreditation process from Det Norske Veritas Healthcare. By earning accreditation, Neosho Memorial has demonstrated it meets or exceeds patient safety standards (Conditions of Participation or COPs) set forth by the US Centers for Medicare and Medicaid Services. DNV’s accreditation program is the only one to integrate the ISO 9001 Quality Management System with the Medicare Conditions of Participation.