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.
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.
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…
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.
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…
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…
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…
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.
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.
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.
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…
IMO's MSC Meeting Approves Important SOLAS Amendments
IMO informs that its Maritime Safety Committee (MSC) has adopted important SOLAS amendments related to inert gas systems as well as amendments to a number of treaties to bring into force the mandatory IMO audit scheme. In addition it has approved, in principle, the draft Polar Code and related amendments to make the Code mandatory under SOLAS, with a view to formal adoption at its next session in November.
Nordic American Companies' Financial News
Nordic American Tankers Limited (NAT) says it has bought two Suezmax tankers, bringing its fleet to 22 Suezmax vessels. Secondly, Nordic American Offshore Ltd. (NAO) announces a proposed public share offering. The Company says it has agreed to acquire two Suezmax vessels, delivered from a top shipyard in 2005. The agreed purchase price is US$36.5-million each. The vessels are expected to be delivered to us no later than August, 2014.
Chinese MH 370 Search Ship to Port for Sonar Repair
Australia's Joint Agency Coordination Centre (JACC) informs that the Chinese survey ship 'Zhu Kezhen' which is conducting the bathymetric survey – or mapping of the ocean floor – is enroute to the port of Fremantle. Zhu Kezhen suffered a defect to its multibeam echosounder and is coming into port to conduct the necessary repairs. The journey is expected to take a couple of days. As previously advised…
Scorpio Tankers Update on Finance, Vessel Deliveries
Scorpio Tankers Inc. gives details of its agreement to acquire some of its own common shares; to buy back stock; and also sets out a fleet update. Scorpio Tankers Inc. says it has entered into an agreement to purchase from an existing shareholder 7,500,000 common shares of the Company in exchange for the sale to the same shareholder of 3,422,665 common shares it currently owns in Dorian LPG Ltd in a privately negotiated transaction.
Another Carnival Cruise Ship Medevac
U.S. Coast Gurard Miami report that a 57-year-old male passenger aboard the cruise ship 'Carnival Sensation' was medically evacuated after suffering an injury 43 nautical miles east of Boca Raton, Florida. After consulting with the flight surgeon, a medical evacuation was recommended due to the accute severity of the passenger's injury. An MH-65 helicopter crew from Coast Guard Air Station Miami launched to respond to the report.
Latest DoD Contracts
Contracts have been awarded by the U.S. Department of Defense to Great Lakes Dredge & Dock, NASSCO-Mayport, Timken Gears & Services Inc., and Colonna's Shipyard, Inc. Great Lakes Dredge & Dock Co., Oak Brook, Illinois, was awarded a $25,376,872 firm-fixed-price contract for dredging the main channel of the Delaware River. Work will be performed in Philadelphia, Pennsylvania, with an estimated completion date of March 31, 2015. U.S.
Swiber Wins Big Latin America EPIC Contract
Construction & support services provider to the offshore oil and gas industry, Singapore's Swiber Holidngs, says it has won an Engineering, Procurement, Installation and Construction (“EPIC”) contract in Latin America for subsea development work including pipeline tie-in work, with an aggregate value of US$80-million. The project will commence immediately and is expected to complete in 2015. Commented Mr.
ITF Names Black Sea 'Sea of Shame'
The International Transport Federation (ITF) informs that its multinational week of action with maritime unions in ports around the Black Sea has brought results, and the Federation has challenged conditions for seafarers working on what it has called the "Sea of Shame". The ITF says the Black Sea remains one of the most dangerous places on earth to be a seafarer. The action by inspectors and union members in Bulgaria…
Pirates Loot Thai Tankship Cargo: Crew Safe
A Thai oil tanker reported missing two days ago has been recovered with all of its crew members safe but pirates who hijacked the tanker took its cargo and damaged communications gear, the International Maritime Bureau (IMB) said on Monday. The MT Orapin 4 lost contact with authorities after departing for Indonesia from a terminal in Singapore on Friday, prompting the IMB to send an alert shortly after.