France Expects Better GE Offer For Alstom
France expects General Electric to boost its bid for Alstom's power unit in response to a potential joint offer from Siemens and Mitsubishi Heavy Industries, Finance Minister Michel Sapin said on Sunday. Siemens and Mitsubishi are putting the finishing touches on an offer for Alstom's turbine businesses, including a cash element of roughly 9 billion euros ($12.3 billion), according to sources close to the bidders. That compares with the U.S.
Long Beach Port Offers Discounts To Attract Cargo, Clean Air
The Long Beach Board of Harbor Commissioners has given preliminary approval to two incentives that officials expect will bring additional cargo to the Port while also encouraging the use of air pollution-reducing shore power and on-dock rail. The incentives are designed to help the Port compete with other West Coast ports that have already cut fees to grow their business. By encouraging the use of shore power or another approved system for cutting at-berth ship emissions…
KNOT Offshore Charters Out Crude Oil/Shuttle Tankship
KNOT Offshore Partners LP say they have fixed with Brazil Shipping I Limited (an affiliate of BG Group) the time charter of the crude oil/shuttle tanker 'Windsor Knutsen'. The hire rate for the initial term of two years is in line with the rate in the existing charter with BG, which has options to extend the term of the charter for three additional one-year periods. The charter will commence in or around the fourth quarter of 2015.
2nd Shipment Of Gates Arrive At Panama Canal
In another step forward for the Panama Canal Expansion Program, the second shipment of four rolling gates for the Third Set of Locks arrived today from port of Trieste, Italy to the waterway's Atlantic side on board the semi-submersible heavy lift vessel Sun Rise. "This is another milestone as it completes half of the 16 gates that will be used in the new locks", said the administrator of the Panama Canal Authority, Jorge Luis Quijano.
Power Producing Roof Revamps Australian Homes
A clever new renewable energy solution combining COLORBOND® pre-painted steel sheet roofing with cutting-edge, thin-film solar panels is set to provide Australian homes with a streamlined, aesthetically pleasing rooftop energy system that captures the sun’s energy as both electricity and heat. ARENA CEO Ivor Frischknecht joined Parliamentary Secretary to the Minister for Industry, Bob Baldwin, to launch the new technology at a home in Sydney today.
Germany Could Stop RWE Unit Sale
Germany's Economy Ministry is investigating whether to block the sale of RWE's oil and gas unit DEA to a group of investors led by Russian tycoon Mikhail Fridman, a spokeswoman said. The German government has never previously made use of a clause in its foreign trade law, under which it could stop the deal announced earlier this year if there were concrete signs it threatened "public safety and order". "An investigation has been started.
Micanti Wins Dutch Chamber's SME Innovation Award
Micanti has won the Dutch Chamber of Commerce’s SME Innovation Top 100 Award. The Dutch maritime technology company Micanti has won the award for its design of a 100% environmentally friendly antifouling foil. Its working is based on small fibers, which make it very unattractive for organisms to attach to the hull of a ship. The innovative nature of this invention and the successful launch of it within…
Akkas Gas Field Development Hit By Iraq Crisis- KOGAS
Development of Iraq's Akkas gas field has been delayed because of the latest crisis in the OPEC member nation, South Korea's energy ministry said on Sunday, quoting project owner Korea Gas Corp.
USCG Rescues 2 After Boat Capsizes Near Kiptopeke Park
The Coast Guard rescued two people Sunday who were reported missing after their 21-foot fishing boat sank approximately a mile west of Kiptopeke State Park. Rescued were Bonatacio Montalvo, 64, of Machipongo, Virginia, and Jose Rosales, 27. Eduardo Montalvo swam to shore and called 911 dispatchers, who relayed the distress to Coast Guard Sector Hampton Roads watchstanders at approximately 3:25 a.m.
Navantia Ship Delivery To Algeria After Modernization
Navantia delivered the Algerian Navy ship BDSL 473 Kalaat Beni Rached, after the repair, modernization and life extension, repairs undertaken by Navantia Ferrol. The event, chaired by the representative of the Algerian Naval Forces, will be formalized with the signing of the minutes of delivery, which will be signed by the Director of Repairs Ferrol Miguel Rodríguez Lorenzo and the President of the CER (Commission of Essais et de Recette ).
US Navy Awards Contract To Dismantle Constellation
The Navy competitively awarded a contract to International Shipbreaking Limited of Brownsville, Texas, for the towing, dismantling and recycling of conventionally powered aircraft carriers stricken from service, June 13. Under the contract, the company will be paid $3 million for the dismantling and recycling of the decommissioned aircraft carrier Constellation (CV 64). The price reflects the net price proposed by International Shipbreaking…
Head Of U.S. State Department's Energy Office To Step Down
The head of the State Department's office in charge of energy diplomacy will step down in August after playing a key role in getting countries such as China, India and Japan to cooperate with Western sanctions on Iran, officials said on Friday. Carlos Pascual became an important player in Washington's effort to place tough new sanctions on Iran over its disputed nuclear program soon after the bureau of energy resources was launched in 2011.
DNV GL Celebrating A Double Milestone
DNV GL, the world’s leading ship classification society and one of the world’s leading risk and sustainability service providers, is celebrating a double milestone: The Foundation DNV’s 150th anniversary and DNV GL’s first year as a merged company. To mark the 150th anniversary of Det Norske Veritas (DNV) and the one year anniversary of its merger with Germanischer Lloyd (GL), DNV GL is hosting a prestigious event in Oslo today.
EnQuest Eyes ExxonMobil Malaysia Assets
EnQuest PLC, through its wholly owned subsidiary EQ Petroleum Production Malaysia Ltd, agreed to acquire ExxonMobil Exploration and Production Malaysia Inc.’s interest in the Seligi oil field and the PM8 PSC, located offshore Malaysia. The agreement is subject to the approval of Petroliam Nasional Berhad (PETRONAS) and satisfaction of certain conditions precedent. This acquisition is another step in the execution of the Company’s strategy to extend its international footprint in Malaysia.
Seaspan Signs MOAs With Guild & ILWU, Strike Averted
North Vancouver, BC — Jonathan Whitworth, Seaspan CEO, announced today that it has signed agreements with both the Canadian Merchant Service Guild (the Guild) and International Longshore Warehouse Union (ILWU) Local 400 to enter into binding arbitration/mediation. Following extensive discussions with the Honourable Kellie Leitch, Minister of Labour and Minister of the Status of Women, Seaspan and both…
China Never To Send Military To Oil Rig Spat With Vietnam
A Chinese official said on Friday that China will never send military forces to the scene of an increasingly ugly spat with Vietnam over an oil rig in the South…