UK Oil Imports Exceed Exports for First Time in 30 Years
Britain imported more oil products than it exported last year for the first time in 30 years, an official report shows, and analysts say the country is likely to…
Former MSC Manager Sentenced on Bribes Charges
Former Afloat Programs Manager at the United States Navy Military Sealift Command (MSC), Kenny E. Toy, was sentenced to 96 months in prison for receiving bribes, the U.S. Department of Justice said. Toy was sentenced by United States Chief Judge Rebecca Beach Smith of the Eastern District of Virginia Tuesday, July 29. Toy pleaded guilty on Feb. 12, 2014 to criminal information charging him with one count of bribery.
Transocean Prices Initial Public Offering
Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., has announced the pricing of its initial public offering of 17,500,000 common units representing limited liability company interests at $22.00 per unit. All of the common units are being offered by Transocean Partners Holdings Limited, a wholly owned subsidiary of Transocean Ltd. Transocean Partners Holdings…
Piracy Activity Drifts Towards Southeast Asia
Since 2010, there has been a steadily increasing trend of piracy attacks in Southeast Asia, according to a report released by UNITAR (UN Institute for Training and Research)…
Nordic American Offshore Declares 2Q Dividend
Nordic American Offshore Ltd. announced that its Board of Directors has declared a dividend of $0.45 per common share for the second quarter 2014. This is the same as for the first quarter 2014.
Fifth Tanker of Iraqi Kurdish Oil Loading in Turkey
The fifth cargo of crude oil from Iraqi Kurdistan was being loaded at Turkey's Mediterranean port of Ceyhan on Thursday and the tanker was scheduled to depart on Friday, Turkish energy officials said.
Enterprise to Expand Houston Ethane Export Terminal
Enterprise Products Partners LP said it was looking at expanding the ethane export facility it is building on the Houston Ship Channel after winning another transport contract. With the additional contract to provide ethane storage, transportation, refrigeration and loading services, Enterprise said 85 percent of the terminal's capacity was now contracted. Enterprise, which also has a large crude storage facility in Houston, received permission last month from the U.S.
Refurbished Seajacks Vessels Leave Shipdock Amsterdam
Seajacks Leviathan and Seajacks Kraken are prepared for their coming assignments, following a series of repair and renewal jobs by Shipdock Amsterdam. The shipyard, part of Damen Shiprepair & Conversion, had been commissioned for the two jack-ups by Seajacks UK Ltd. The Great Yarmouth (United Kingdom) based company has assigned the shipyard various and different major and minor adjustments on the two…
Vale Profit Falls Amidst Record Output
Brazilian miner Vale SA posted a sharp decline in profit from the previous quarter as lower iron ore prices undermined record production of the steel-making ingredient.
FERC Approves Freeport LNG Export Project
U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP's liquefied natural gas export project in Texas. Freeport is the third U.S. LNG export project to get the green light to begin construction from the Federal Energy Regulatory Commission. The planned project would have the capacity to export up to 1.8 billion cubic feet a day of LNG once operational. With domestic gas production booming, U.S.
Kurdish Crude Lightered, Destination Unknown
Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the…
Asia Dry Bulk Capesize Rates Stay Flat
Rates for capesize bulk carriers on key Asian routes are set to remain in the doldrums next week, staying flat or gaining just a few cents as an oversupply of ships weighs on cargo availability, ship brokers said. But there could be brighter prospects in the coming weeks on rates for voyages from Brazil to China if chartering activity increases, brokers added. "There's no real direction to the capesize market.
ISC Profit Slip in Q2 2014 but Pay Dividend
he Company reported a net loss of $664,000 for the three months ended June 30, 2014. For the comparable three months ended June 30, 2013, the Company reported net income of $1.9 million, which included a non-cash operating gain of $1.8 million. Mr. Niels M. Johnsen, Chairman and Chief Executive Officer, stated, “During the second quarter, our financial and strategic flexibility enabled us to make equity investments in joint ventures owning two new built chemical tankers and two asphalt tankers.
Admiral on U.S. Navy & Asia Pacific Re-balancing Act
The commander of U.S. Pacific Command has briefed Pentagon reporters, discussing the U.S. rebalance to the Asia-Pacific region, successful engagement with partners there and conditions for continued stability and security, according to DoD News, Defense Media Activity, as excerpted here. Navy Adm. Samuel J. Locklear III described some of Pacom's most important activities so far this year, including a visit to Hawaii by Defense Secretary Chuck Hagel…
Royal Dutch Shell Q2 2014 Results 'More Robust' Says CEO
Royal Dutch Shell informs that its second quarter 2014 earnings, on a current cost of supplies (CCS) basis, were $5.1 billion compared with $2.4 billion for the same quarter a year ago. Earnings included an identified net charge of $1.0 billion after tax, mainly reflecting impairments which were partly offset by divestment gains. "Our financial performance for the second quarter of 2014 was more robust than year-ago levels but I want to see stronger…
Quality hat-trick for GAC Marine Logistics
Global ship spares logistics provider GAC Marine Logistics Inc. (GML) has secured ISO certifications in recognition of its Quality Management, Environmental Management and Occupational Health & Safety Systems. The ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 certificates were presented to GML Global Director Jan Kielmann by DNV GL’s Business Assurance Country Manager for the Middle East Alireza Ramin Majd at the company’s head office in Dubai, UAE.
Hellfire Missile Firing a First for New Navy Helicopters
The Royal Australian Navy’s newest maritime combat helicopter, the MH-60R Seahawk ‘Romeo’, has successfully fired its first ‘Hellfire’ missile in the United States. The AGM-114 Hellfire air-to-surface missile was fired by Navy’s 725 Squadron from aircraft currently deployed to the United States Navy’s Atlantic Undersea Test and Evaluation Centre off the Florida coast. Commander Australian Fleet, Rear Admiral Stuart Mayer…
BMT Oceanica Wins Major Water Corporation Bid
Marine and coastal environment specialist, BMT Oceanica (BMT), a subsidiary of BMT Group Ltd, is delighted to announce that it has won the bid to provide Ocean Outlet Monitoring services for Western Australia’s Water Corporation. BMT works with the Water Corporation to ensure ocean monitoring methods adopted are up to date and consistent with best-practice as global environmental standards have progressed.
Pre-Mooring Safety Inspections at Trieste, Italy
The SIOT/TAL Terminal at Trieste has advised that the TAL Pre-Mooring Safety Inspection program will be modified from 1 September. - Any ship at her first call at S.I.O.T.
First Panels Installed at Australia’s Biggest Solar Plant
The Australian Renewable Energy Agency today celebrated a major milestone with the installation of the first solar panels at AGL’s large-scale solar plant in Nyngan, NSW. ARENA’s CEO Ivor Frischknecht joined federal and state officials, key stakeholders, community representatives and local workers at the 250 hectare construction site to congratulate project developers, AGL and First Solar, on this significant achievement.