Leighton Holdings Announces Appointment Of MDs
Leighton Holdings announced the appointment of Four Managing Directors. Construction will be led by David Jurd, who is currently the Executive General Manager of…
Lauritzen & Namura Sign Newbuilding Contract
Lauritzen Bulkers and Namura Shipbuilding Co., Ltd., Japan have signed contracts for building at Hakodate of two bulk carriers at a signing ceremony in Copenhagen on 10 June 2014.
Tropical Storm Expected To Hit Omani Coast
Adverse weather from 15 to 17 June may affect cargo operations & marine movements of Port Sultan Qaboos, as a result of a tropical storm expected to hit the Omani coast on Sunday (15 June).
Wood Group Forms Joint Venture With ABT Oil & Gas
Wood Group PSN (WGPSN) announced that it has entered into a non-binding Memorandum of Understanding (“MoU”) with ABT Oil and Gas Ltd (“ABTOG”) to create a 50/50 jointly controlled entity.
Ferry Family Boss Eludes South Korea Manhunt
South Korea's biggest and most bizarre manhunt, linked to a ferry disaster in which hundreds drowned, has come full circle at the compound of a sect known for its organic ice cream as police on Thursday used earth movers to search for tunnels. Police have raided the grounds of the Evangelical Baptist Church in Anseong, a two-hour drive south of Seoul, twice as they try to flush out church co-founder Yoo Byung-un…
Mitsubishi Mulls Stake in Alstom
Japan's Mitsubishi Heavy Industries is considering taking a direct stake in French engineering group Alstom as part of an offer with Germany's Siemens, two French newspapers said on Thursday. Financial daily Les Echos said Mitsubishi is considering buying part of French Bouygues's 29 percent stake in Alstom and would also buy Alstom's steam turbines while Siemens would take over its gas turbines. At a later stage…
ABB RoboScreens for Royal Caribbean's Quantum Class
As Royal Caribbean designed its new Quantum Class cruise ships, a key initiative was to enhance onboard entertainment and amenities. Consequently, the Quantum of the Seas and Anthem of the Seas ships currently under construction include such “firsts at seas” as a 300ft skydiving simulator, a large sports and recreation complex with bumper cars and a roller rink, and virtual balconies with real-time ocean views on all interior staterooms.
Plymouth Marine Lab, IMarEST Renews Partnership
Plymouth Marine Laboratory (PML) announced it is to renew its partnership with the Institute for Marine Engineering Science and Technology (IMarEST). The year-long…
Scanjet, Scnavent Offer In-tank Equipment Package
Scanjet Marine AB and Scanvent ApS are combining product ranges to create what the companies claim to be the most comprehensive in-tank equipment package available for tankers and FPSOs.
Today in U.S. Naval History: June 12
Today in U.S. 1944 - Four U.S. Carrier Groups (15 carriers) begin attack on Japanese positions in the Marianas. 1948 - The Women's Armed Forces Integration Act provides…
Shell Nigeria Declares Force Majeure at its EA Field
Royal Dutch Shell said on Thursday it had declared force majeure at its EA field in Nigeria to repair equipment damaged by bad weather offshore, putting on hold production of about 40…
Report Ranks Australia First in Cruise Growth
A new report now ranks the Australian cruise industry number one in the world for market growth and penetration, with latest industry figures revealing a record 833,348 Australians took a cruise last year. Launched in Sydney, the 2013 Cruise Industry Source Market Report shows Australian cruise passenger numbers soared 20 percent in 2013, more than double the growth rate of any other major cruise market.
DP World Raises $1B
DP World took advantage of strong market conditions and scarcity value to raise a $1 billion convertible bond with a ten year lifespan on Thursday, in order to fund growth opportunities and diversify its funding sources. The issue is a rare example of an international convertible bond from a Middle Eastern company and comes at a time when convertible bonds have drawing investors' attention following a spate of issuance by European firms.
Ship's Master Fined After Failure to Report Grounding
The master of the 177m Singapore-flagged cargo vessel Lake Triview has been fined $2000 (plus $130 court costs) after pleading guilty to a charge of failing to notify…
The “Green” threat to oil rig security
... emerging as an issue as alarming as piracy. Last week an oil rig in the Barents Sea hit the headlines after being successfully boarded, stopping drilling for 89 hours at an estimated cost of $1.26million. So who were the boarders; gun toting pirates threating violence and looking to steal? No, this was a “peaceful” protest executed by Greenpeace which saw 15 activists from 8 countries scale and occupy a rig to protest against drilling plans near to the Bear Island Nature Reserve.
Opinion: Oil Market Risks Grow as Chaos Spreads
Iran, Syria, Sudan, Libya, Nigeria and now Iraq: the crude oil market has weathered a long list of actual and threatened supply shocks with remarkable calm. According to the U.S. Energy Information Administration (EIA), unplanned disruptions have removed around 2.5 million barrels per day from the crude market since the start of 2011. But for most of that time, Brent, the international marker, has…
Egypt Pushing Ahead with Suez Port Expansion Projects
Egypt is pressing ahead with plans to develop a new wheat storage facility and expand port operations at two terminals in the Suez area as the country looks to bolster strategic food reserves and attract investment, a top port official said. President Abdel Fattah al-Sisi, who as armed forces chief toppled Islamist President Mohamed Mursi last July following mass protests, was sworn in on Sunday and…
Intelsat and SpeedCast Join Forces
New Agreement Brings Market Leading Broadband and Mobility Solutions to the Maritime, Oil & Gas and Enterprise Sectors. Intelsat S.A. (NYSE: I) has established strategic agreement to provide access to its global C- and Ku-band broadband mobility network to SpeedCast, the leading global satellite communications and maritime service provider. Under the multi-year agreement, Intelsat will provide SpeedCast…
Wave Piercing Pilot Boats Built with DIAB Material Delivered
Imagine having to bring a 100,000 tons ship into port in rough weather and heavy seas, navigating through a narrow, rocky passage bordered by dangerous reefs. Port Phillip Bay, which forms the entrance to the Port of Melbourne, is a place that one can love one day and really hate the next. Its treacherous waters are amongst the most dangerous in the world, and more than 700 vessels have met their end at the entry and within the bay.
South Korea's Bizarre Manhunt for Ferry Family Boss
South Korea's biggest and most bizarre manhunt, linked to a ferry disaster in which hundreds drowned, has come full circle at the compound of a sect known for its…