MHI, Siemens Outline Alstom Proposal
Mitsubishi Heavy Industries (MHI) and Siemens submitted an offer letter specifying further the proposed transaction to Alstom. With the specified offer MHI and Siemens…
China State Shipbuilding, CNPC Among 11 Caught in Auditor Snare
China's National Audit Office has found irregularities at 11 state-owned conglomerates ranging from misrepresentation of assets to illegal property development,…
Nippon Steel May Transport Iron on Valemax Ships
Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, may start talks on a contract to transport iron ore from Brazilian miner Vale on Valemax ships, the world's biggest bulk carriers, to cut costs, a senior official said. Such a contract would be a boost for Vale, which is trying to increase use of the ships after China in 2012 prevented the world's biggest iron ore miner from docking the giant vessels in its ports to protect its own shipping companies.
Keppel to Build Two Supply Vessels for Lukoil
Construction of two supply vessels to the Russian Maritime Register of Shipping (RS) class, commissioned by the company Lukoil is starting in China. A steel cutting…
Versatility is the Key for ASV Pioneer
The Ferguson Group, a provider of offshore containers, baskets, tanks, offshore accommodation and workspaces, launched the fully classed ABS +A1 barge ASV Pioneer in 2011. The group said ASV Pioneer is able to meet the needs of offshore oil, gas and renewables, with the challenges of remote locations and salvage operations. Since its inception, the ASV Pioneer has worked in the North Sea and Mediterranean…
Iraqi Kurdistan Loads Third Oil Cargo in Turkey
A third tanker carrying piped crude oil from Iraqi Kurdistan is being loaded at Turkey's Mediterranean port of Ceyhan, a source at the Turkish energy ministry told Reuters On Friday.
US Closer to Wave Energy off Oregon
As part of President Obama’s Climate Action Plan to create American jobs, cut carbon pollution and develop domestic energy sources, the Bureau of Ocean Energy Management (BOEM) announced today it has taken an important step toward issuing a research lease for a facility to test utility-scale wave energy devices in federal waters off Oregon. The non-competitive lease would be for the offshore area where…
Baltic Exchange, LCH.Clearnet in Ship Tie-Up
London's Baltic Exchange and clearing house LCH.Clearnet are in talks about a tie-up over the Baltic's freight derivatives platform, the two groups said on Friday.
New Fuel Rules Steer Europe toward Compliance Chaos
Northern European regulators will face a battle with many shipping companies over new EU rules aimed at cutting pollution from ship fuels as some owners are likely…
Today in U.S. Naval History: June 20
Today in U.S. 1813 - Fifteen U.S. gunboats engage three British ships in Hampton Roads, Va. 1815 - Trials of Fulton I, built by Robert Fulton, are completed in New York. This ship would become the Navy's first steam-driven warship. 1898 - U.S. forces occupied Guam, which became first colony of U.S. in the Pacific. 1913 - First fatal accident in Naval Aviation, ENS W. D. Billingsley killed at Annapolis, Md.
China to Invest in Greek Transport Infrastructure
China wants to invest in Greek airports and railways as well as the busiest port, officials said on Friday, as the country where the euro debt crisis began seeks a role as China's gateway into Europe. Chinese Premier Li Keqiang is on a three-day trip to Greece to boost economic ties between the nations, who have drawn closer since China's Cosco Paficic won a 35-year concession in 2009 to upgrade and run two cargo piers at the Piraeus port.
Obama Urges China, Neighbors to Avoid Escalating Maritime Dispute
U.S. President Barack Obama on Friday urged China and its neighbors to peacefully resolve a dispute over oil drilling in the South China Sea and avoid escalating tensions. "It is important for us to be able to resolve disputes like maritime disputes in accordance with international law, and encourage all parties concerned to maintain a legal framework for resolving issues, as opposed to possible escalation that could have an impact on navigation and commerce," Obama told reporters.
Shell Offers $51M to Settle Nigeria Oil Spills
Royal Dutch Shell is ready to pay up to 30 million pounds ($51 million) in compensation for two oil spills in Nigeria in 2008 after a London court rejected a larger claim…
France Picks: GE is the One for Alstom
France chose General Electric to form an alliance with Alstom on Friday - rejecting an offer from Siemens and Mitsubishi Heavy Industries - but said the deal still…
IHC Merwede Changes to Royal IHC
His Majesty the King has awarded the honorary title of Koninklijk (Royal) to IHC Merwede. In a special ceremony today, the Mayor of Sliedrecht, Mr van Hemmen, presented this accolade to IHC Merwede’s CEO, Bram Roelse. In light of this honour, the company has decided to change its name to Royal IHC and will also include the royal crown in its revised corporate identity. The Royal title is an award granted to companies or organisations that meet certain conditions.
Excelerate Energy & the Year of LNG
This being the “Yearbook” edition of Maritime Reporter & Engineering News, it would be remiss to not have coverage of LNG, one of the hottest fueling trends in maritime circles, particularly in North America. For a unique insight on a rapidly evolving market, MR caught up with Edward Scott, COO, Excelerate Energy, which is making big strides in the LNG Regasification sector, and recently received on the of the world’s largest and most capable units…
Despite Free GUlf Fuel, Egypt Takes Oil Shipments
Egypt is receiving fuel shipments to cover its needs for this month, an energy official said on Friday, despite $6 billion of free fuel given by its Gulf allies after the army took power last year.
Disasters at Sea & Their Impact on Shipping Regulation
The history of marine safety is soaked in water and written in blood. “I think that most people will tell you that changes in marine safety are almost exclusively disaster-driven,” agrees Dr. Josh Smith, a professor at Kings Point and interim director of the American Merchant Marine Museum. It hasn’t always been that way. Actually, it’s been worse. Despite some efforts early on to exert some control over shipping practices…
Titanic & the Launch of a Landmark Safety Agreement
When the RMS Titanic made its debut in 1912, the ship epitomized everything new and advanced about shipbuilding and construction. It was the largest ship of its day, a steel-jacketed vessel that featured cutting-edge safety measures such as 16 watertight compartments, 15 bulkheads and 11 remotely activated watertight doors. The ship had her own waterworks, an electrical power plant more powerful than the then typical city power plant, and two wireless telegraphs.
Angola: Tender for 12 Offshore Oil Blocks
Angolan state oil company Sonangol plans to launch a tender for licences to explore 12 new offshore oil blocks in 2015, state news agency Angop cited Oil Minister…