China, Vietnam, Shipyards Deliver Newbuilds to VSL
Investors in the shipping & logistics industries VSL, says that in just over a week its first two eco-newbuildings joined its fleet, with the delivery from Vietnam of the 'High Sun' product tanker (in partnership with d’Amico International Shipping – DIS) and the 'Giulia I' dry-bulk carrier from China. The MR Product Tanker High Sun, delivered byt the Hyundai-Vinashin Shipyard, has a length of 183 metres…
Panama Canal To Charter Post-Panamax Ship for Training
The Panama Canal Authority (ACP) will charter a Post-Panamax vessel before the opening of the expanded Canal to be used for training purposes in the Third Set of Locks.
Origin Buys Karoon's Offshore Gas Interest For $800 Mln
Australian energy company Origin Energy Ltd said on Monday it will buy oil and gas explorer Karoon Gas Ltd's 40 percent stake in Poseidon, Browse Basin gas assets for up to $800 million. In a statement, Origin said the purchase gives it a strategic stake in one of Australia's biggest offshore gas discoveries. It plans to initially fund the deal through debt facilities but raise around A$1 billion ($930 million) through an equity raising some time after August.
USCG Rescues 2 From Aground Vessel Near Oak Island, Wisconsin
The U. S. Coast Guard rescued two people, early Sunday morning, aboard an aground sailing vessel in the vicinity of Oak Island, Wisconsin. The names of the boaters rescued are not being released by the Coast Guard, and there is no Coast Guard imagery from this case. At about 2 a.m., the Coast Guard responded to a distress call over VHF-FM channel 16, the designated international hailing and distress channel.
BMT Oceanica Is Lead Consultant for Australia Aquaculture Development Zone
Marine and coastal environment specialists, BMT Oceanica (BMT), a subsidiary of BMT Group Ltd, announced today its appointment as Lead Consultant for the Western Australia Department of Fisheries (DoF) in a project to establish an aquaculture development zone. BMT Oceanica, in partnership with BMT WBM and the University of Western Australia, will play a key role in the strategic assessment of the proposed Mid West aquaculture development zone in the southern Abrolhos Islands…
ONGC bags Dun & Bradstreet Corporate Excellence Award - 2014
ONGC was honored with the prestigious corporate award – ‘The Dun & Brandstreet Corporate Excellence Award’ for its stellar management and leadership on May 28,2014. ONGC received the award for excellence in the Oil and Gas Production sector. Mr A K Jain, Executive Director, Chief- Offshore Engineering Services, received the award on the behalf of the organization. In all, there were 46 sectors which were recognized for their excellence and these were chosen among the top 500 companies of India…
YPF Makes Gas Discovery In Western Argentina
Argentina state oil producer YPF said on Sunday it had made a discovery of 'tight gas' in the western Argentine province of Mendoza. The find by the Paso de las…
Draft At Mundra Port for June 2014
at Chart Datum. Chart Datum. c) In the West Basin approach channel: 14.3 metres at Chart Datum. AMCT CB4: 14.1 Only up to bollard 31.
Port Of Felixstowe First Choice For Evergreen
The Port of Felixstowe has welcomed the first call at the UK’s largest container port of Evergreen’s CES (China Europe Shuttle) service. The 8,452 TEU Ever Laden launched the service from the Port of Britain in late May. The CES Service links North Europe to Asia with calls in Taiwan as well as China. The service has recently been calling at ports in continental Europe only. Commenting on the decision by Evergreen to introduce a UK call at Felixstowe…
Glander International Bunkering Hires New Senior Trader
Glander International Bunkering announced appointment of Brian Turnbull as a Senior Bunker & Lubricant Trader. Brian will begin working with Glander International Bunkering in their Dubai office. Brian comes to Glander International Bunkering with 23 years of experience in the bunker industry. He has previously been one of the driving forces in starting up and managing multiple successful bunkering companies in South Africa.
Obama's U.S. Carbon Cuts Likely To Win Muted Applause
President Barack Obama's plan to cut greenhouse gas emissions from U.S. power plants, due to be announced on Monday, will win muted applause abroad with some hopes it could help a U.N. deal to fight climate change in 2015. Emerging economies including China and India are likely to be lukewarm because they have often said that Obama's plans for emissions cuts until 2020 - even if fully implemented - are far short of the curbs they say are needed by the rich. But the U.S.
USCG, Good Samaritans Rescue 5, Searching For 1 In Lake Michigan
The Coast Guard and two good Samaritan boaters rescued five boaters, Saturday evening, from southern Lake Michigan, but are still searching for one missing person.
ARENA To Fund Abengoa, Western Australia
ARENA today announced $450,000 funding for Abengoa to conduct a feasibility study into a solar thermal power station in remote Western Australia. ARENA CEO Ivor Frischknecht said the study will look into constructing a 20 MWe plant in Perenjori, connected to the South West Interconnected System (SWIS) electricity grid. “The solar thermal tower and a molten-salt energy storage system could supply power to a mining operation and the remote community of Perenjori.
Bilfinger Wants Speedy Sale Of Construction Unit
German engineering and services group Bilfinger aims to sell its civil engineering division quickly and, at the same time, is open to acquisitions abroad, the chief executive of the company was quoted as saying on Saturday. The company is accepting expressions of interest and preparing the unit for sale, CEO Roland Koch told newspaper Die Welt, confirming a story published by Reuters on Friday. "We just launched the process," he said.
Caterpillar's Vice President, Randy Krotowski, Quits
Caterpillar Inc. (NYSE: CAT) announced that Randy Krotowski, vice president with responsibility for the Global Information Services (GIS) Division and the company’s Chief Information Officer (CIO)…
Rolls-Royce's MTU Invites Participants For FUNSports³ Events
On September 27, 2014, the focus will be on running, climbing and playing at the FUNSports³ event at the Forstwiesen in Immenstaad. For the second time, Rolls-Royce Power Systems subsidiary MTU Friedrichshafen, BKK MTU and the Mercedes-Benz plant in Ravensburg are inviting keen runners from the Lake Constance –Upper Swabia region as well as company employees and their families to this event. Whether they choose running, walking or relay, all participants have to complete a 12 km course.
Drydocks World & Dubai Maritime City Participate In Posidonia
Drydocks World & Dubai Maritime City, the international service provider to the shipping, maritime, offshore, oil, gas and energy sectors, announced its participation in Posidonia from June 2-6, 2014, at Metropolitan Expo, Athens, Greece. The exhibition is one of the largest industry shows in Europe.Drydocks World & Maritime World has been a regular participant at the exhibition as it provides an unique access to Greek and international ship owners and buyers.
Ship Loaders At Australia's Port Kembla Break-down
Cargo loading is understood to have been halted at Port Kembla Coal Terminal PKCT) after both ship loaders suffered a major break-down. No.1 ship loader is believed to have broken down on 27 May, and it is understood that No.2 ship loader also broke down on 30 May, ceasing all loading operations. According to reports, PKCT is working to bring No.1 loader back online. The earliest this is expected is is today. There is currently no indication of when No.2 loader is expected to be in operation.
Ukraine To Pay Gas Arrears If It Gets Contract First
Ukraine is prepared to pay arrears to Russia for gas once it has a contract with Moscow and will take the country to court if it refuses to sign, Ukrainian Prime Minister Arseny Yatseniuk was quoted as saying by a German newspaper on Saturday. Ukraine told Russia on Friday a $786 million partial payment on a bill that Russia says could exceed $5 billion by next week was on its way to Moscow. That averted…