USNS Spearhead First Deployment Judged a Success
The U.S. Navy informs that its first -in-class joint high-speed vessel USNS Spearhead (JHSV 1) has left the U.S. 6th Fleet area of operations, after more than three months of operating in the European and African theaters. "I am extremely proud of the work Spearhead has achieved in theater, primarily for her efforts in supporting Africa Partnership Station and the pillars that program represents," said Vice Adm. Phil Davidson, commander, U.S.
Galileo Navigation Satellite Project Update
Europe’s latest Galileo navigation satellite has arrived at the European Space Agency’s (ESA) technical centre in the Netherlands for testing, as the previous two satellites are prepared for shipping to French Guiana for launch this summer. ESA explains that the new satellite arrived at ESA’s Technical Centre, ESTEC, in Noordwijk, in the Netherlands, safely enclosed within an air-conditioned and environmentally controlled container from manufacturer OHB of Bremen, Germany.
ConocoPhillips Indonesia Q1 Output Rises
ConocoPhillips Indonesia, a unit of U.S.-based ConocoPhillips , posted an 11 percent rise in crude oil output in the first quarter of this year at 10,000 barrels of oil per day, said Director Daren Beaudo. The firm also said its liquefied natural gas (LNG) output reached 5,000 barrels of oil equivalent per day, up 25 percent from 4,000 bopd a year earlier. ConocoPhillips Indonesia produces crude and gas from its two blocks - South Natuna Sea Block B and Corridor South Sumatra block.
China Nuclear Power Plans $2.6 Bln Share Sale In Industry's First IPO
China National Nuclear Power Co Ltd said it plans to sell shares publicly in Shanghai aiming to raise 16.3 billion yuan ($2.60 billion), the first initial public…
Rathlin Sound Maritime Festival opens on 23 May
The Rathlin Sound Maritime Festival opens with an evening parade at Ballycastle seafront on Friday 23 May and continues through the week and both weekends until the closing event of music and The Big Lunch on Rathlin on Sunday 01 June 2014. At the very heart of the spectacular Causeway Coast and Glens the communities of Ballycastle and Rathlin Island extend a very warm welcome to enjoy the stunning scenery, diverse attractions and local culture.
Drydocks World & Maritime World and Jadaf Honor Staff For Performance Excellence
Drydocks World & Maritime World, the leading global provider of innovative services to the marine and maritime sectors under oil & gas and energy industries, today announced the 2014 winners under its employee award scheme to recognize performance excellence among its staff. The awards being held for the second consecutive year recognizes an employee’s commitment & work ethic in embracing the challenges as the business continues to expand at a global level.
AIDAprima launched at MHI's Tategami Plant at Nagasaki Shipyard
AIDAprima, was launched at the Tategami Plant of Nagasaki Shipyard of Mitsubishi Heavy Industries on 3rd May. At 2 p.m. local time, the building dock gates were opened and the ship touched water for the first time. AIDAprima was later hauled from the MHI Tategami shipyard to the Kojagi Dock on the outskirts of Nagasaki. Before the ship docks there for further fittings, diverse technical systems will be extensively tested in the next days.
Capt Sarveen Narula, Promoted as Director of SCI
Capt Sarveen Narula, has taken over as Director Liner and Passenger Services of The Shipping Corporation of India Limited (SCI) from 01 May 2014. Capt Sarveen Narula has more than 35 years of Maritime Experience both afloat and ashore. He has had more than 7 years command experience on several type of ships including Tankers, Bulk Carriers, Cargo ships and Container ships. He has extensive shore…
WSDOT Applies For Six TIGER Grants To Improve Statewide Mobility
Washington’s citizens could see mobility improvements in highways, ferries and freight rail if the state’s three capital grant applications are selected to receive a portion of the $600 million available nationwide in federal Transportation Investment Generating Economic Recovery (TIGER) grant funds. The Washington State Department of Transportation (WSDOT) also submitted three applications this week for planning proposals that support economic development…
Stefanos Kazantzis speaks about VLCC Asset Market Contango
Stefanos Kazantzis, Financial Advisor of McQuilling Services Marine in an interveiw discusses the recent upswing in VLCC asset prices and current developments in the asset markets. Asset Contango is a situation where the future price of an asset is trading at a higher level than the spot price. We can see this in commodities viz oil represented by the future contracts. Coming back more specifically…
SunEdison May Be Too Reliant On Renewable Tax Credits-Barron's
Solar power company SunEdison Inc shares have climbed over the past two years on hopes of forming a separate yield company, or "yieldco," but may be too reliant on renewable energy tax subsidies…
Port Hedland Iron Ore Exports To China Rise 7 %
Iron ore exports to China from Australia's Port Hedland, which accounts for about a fifth of the globally traded market, rose by almost 7 percent in April, from March when they jumped 27 percent. Shipments to China amounted to 28.89 million tonnes in April, up from 27.04 million in March, data from the Port Hedland Port Authority showed. That was almost 50 percent higher than in April last year, a…
China's "Ordinary" Billionaire Behind Nicaragua Canal Plan
Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off scepticism about how a little-known entrepreneur can be…
Cruise Ship Gets Stuck In Hudson River
A cruise ship returning to New York from the Caribbean with 4,500 passengers on board had to be towed into port on Sunday after getting stuck in the Hudson River, the U.S. Coast Guard said. The Norwegian Cruise Line ship was moored in the river for about three hours due to problems with its steering and propulsion systems as it moved toward its dock in Manhattan, a Coast Guard spokesman said. The Coast Guard was able to tug the vessel to port after the tide changed, the spokesman said.