Rio Tinto Pulls Plug on Mozambique Coal Venture
Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending its ill-fated venture in Mozambique's coal sector. The sale of Rio Tinto Coal Mozambique to International Coal Ventures Private Limited (ICVL), includes the Benga coal mine and other projects in Tete province, assets that had a value of $71 million as of March 31 in Rio's books.
UN Places Sanctions against North Korean Shippers
The United Nations Security Council has imposed sanctions on the North Korean shippers that operate the vessel Chong Chon Gang, seized by Panama in July 2013 for…
USACE Gets Bird’s-eye View of Houston Ship Channel Growth
The 53rd U.S. Army Chief of Engineers and Commanding General of the U.S. Army Corps of Engineers, Lt. Gen. Thomas P. Bostick, visited the Port of Houston Authority last week and was given an aerial tour of the Houston Ship Channel as part of a briefing that highlighted economic growth along the federal waterway. He and Corps staff from the Galveston District met with Port Authority officials to review and discuss federal projects currently under way and planned for the Houston area.
Egypt Buys 175,000mt of Russian Wheat
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Wednesday it had bought 175,000 metric tons of Russian wheat for shipment Sept. 11-20.
US Blacklists North Korean Shipping Firms
The United States on Wednesday blacklisted two North Korean shipping firms, Chongchongang Shipping and Ocean Maritime Management, following a similar move by the United Nations.
China Evacuates Workers in Libya to Malta
China has evacuated several hundred workers from Libya and is taking them by ship to Malta, the head of the Malta Civil Service, Mario Cutajar, said on Wednesday.
BOEM Extends O&G Lease Comment Period
The Bureau of Ocean Energy Management (BOEM) is extending the public comment period for the Request for Information (RFI) and Comments on the Preparation of the…
US Crude Oil Exports Hit 15-year High
U.S. crude oil exports reached 288,000 barrels per day (bpd) in May, the highest levels since April 1999, data from the U.S. Energy Information Administration showed on Wednesday.
There’s Still Time for SHIPPINGInsight Award Entries
Entry submissions for the first SHIPPINGInsight Award are due Friday, Aug. 1, but organizers said they will continue to accept nominations through following week to provide some extra time. SHIPPINGInsight Award offers an opportunity to be recognized as a leading innovator in ship and fleet optimization achievements. Entry forms can be downloaded at shippinginsight.com/awards. SHIPPINGInsight 2014 will be held September 30 through October 2 in Stamford, Connecticut.
Gladding-Hearn Builds New Boat for Delaware Pilots
The Delaware pilots association has ordered its third pilot boat of the popular Chesapeake class from Gladding-Hearn Shipbuilding, Duclos Corporation. Delivery of the new 53-footer is scheduled for 2015, and will mark the sixteenth of this class built by the Somerset, Mass., shipyard, since introduced in 2002. Designed by C. Raymond Hunt & Associates, the all-aluminum pilot boat measures 52.6 feet overall, with a 17-foot beam and 4.8-foot draft, and will have a top speed of 26 knots.
ATB Barge Project for Murray & Associates
Murray & Associates, LLC has been commissioned to deliver a comprehensive design package for an 185,000 BBL Chemical Tank Barge new construction project. The ABS SafeHull barge is an articulated tug and barge type utilizing an Intercon Model 50 coupler system. It has a length of 584 ft and a breadth of 78 ft. Murray & Associates has been engaged from concept to detailed design, encompassing structure…
Top Ships Enters 3 New Charters
TOP Ships Inc., an international owner and operator of modern, fuel efficient "ECO" MR tanker vessels focusing on the transportation of petroleum products, announced…
VSAT Connectivity by Globecomm for Malaysia's PBJV Group
Globecomm Maritime, a leading provider of maritime communications solutions, has been awarded a contract to provide VSAT connectivity to PBJV Group's barge Kota Laksamana 101.
Strike at Argentina's Customs Houses
tomorrow (31 July) and on Friday (1 August). hours local time on Thursday. For operations from 0000 hours on Saturday 2 August until 0600 hours on Monday (4 August)…
Port Manatee's 3 projects to get underway
Port Manatee has been awarded a $1,837,500 security grant, allowing the port to proceed with three significant projects. The award, the second-highest for any Florida port in the latest round of grants offered by the Federal Emergency Management Agency, facilitates full funding for each of the three projects named in the request of the port, which is putting forth a required 25 percent match. Purchase of new geographic information system…
Growing American Shipping Bill Introduced by Garamendi
Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, informs ot the introduction of H.R. 5270, the 'Growing American Shipping Act', to strengthen the U.S. maritime industry. The Subcommittee’s Chairman, Congressman Duncan Hunter (R-CA-50), joined the legislation as an original cosponsor. Existing law…
FortisBC Set to Expand its Tilbury LNG Facility
FortisBC Energy Inc. today selected Bechtel Canada Co. (Bechtel) as the contractor for its Tilbury LNG Facility Expansion Project in Delta, B.C. (Project). The selection of Bechtel took place after a competitive procurement process. Bechtel brings global experience in the development of LNG facilities to the Project. Project construction is expected to employ 150 skilled workers over two years and provide an estimated $4 million per year in taxes to various levels of government over time.
Exxon Mobil Corporation Declares 3Q Dividend
The Board of Directors of Exxon Mobil Corporation yesterday declared a cash dividend of 69 cents per share on the Common Stock, payable on September 10, 2014 to shareholders of record of Common Stock at the close of business on August 13, 2014. This third quarter dividend is at the same level as the dividend paid in the second quarter of 2014. Through its dividends, the corporation has shared its success…
USCG Cutter Waesche Home from RIMPAC Exercises
The Coast Guard Cutter Waesche has returned to port at Coast Guard Base Honolulu, after spending three weeks at sea participating in Rim of the Pacific (RIMPAC) 2014 exercises, informs the US Coast Guard. During the exercises Waesche demonstrated the Coast Guard’s unique capabilities and partnership with Department of Defense entities and international partners along the Pacific Rim by serving as the Combined Task Force 175 commander.
Crowley Maritime Open Singapore Office
Crowley Maritime Corp. says it has opened a full-service project management and logistics solutions office in Singapore under the leadership of industry veteran William Hill. William Hill, PMP, has relocated from Crowley’s Anchorage office to Singapore where he has assumed the position of director, business development, and will manage the project support office. Hill has been with Crowley for more than six years as director…