KPI Bridge Oil Appoints New CEO
KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has appointed Carsten Ladekjær as Chief Executive Officer for the group. Ladekjær is an industry veteran with 20 years in the bunker business. He joins the KPI Bridge Oil Group from previous positions as Senior Vice President and CEO of leading global bunker companies.
Another Major Military Contract for SES
Ships Electronic Services (SES), an industry leader in the supply, installation and maintenance of maritime electronics, has won a contract from Finmeccanica – Selex ES to supply a PA & General Alarm system to each of the four Royal Fleet Auxiliary (RFA) Military Afloat Reach & Sustainability (MARS) tankers currently under construction by Daewoo Shipbuilding in South Korea. The contract, which covers an integrated PA system…
CFTC Shows US Commodity Manipulation Laws Have Teeth
By extracting a $13 million penalty and imposing tough restrictions on future oil trading by Arcadia and others, the U.S. Commodity Futures Trading Commission (CFTC)…
DNV GL Extends UK Offshore Safety Training
DNV GL, the global provider of risk management services, is extending a offshore safety training program which aims to advance the role of elected safety representatives…
LQP-1 Topside Transport Completed
Transportation of the latest facility for the Vladimir Filanovsky oil field – the topside section of the living quarters platform (LQP-1) – has been successfully completed. The facility was built and prepared for transportation under the survey of Russian Maritime Register of Shipping (RS) at the Shipbuilding Yard Krasnye Barrikady, JSC in the Astrakhan region, Russia. The facility was transported…
GME-brand EPIRBs Recalled
Further to Class News No. 11/2014, Standard Communications Pty Ltd. has issued a Product Safety Recall relating to its GME-brand emergency position indicating radio beacons (EPIRBs). The following GME EPIRB models, manufactured between January 2005 and February 2008, have been recalled: MT400, MT401 and MT403 beacons with serial numbers between 50101000 and 80250722. Owners and operators of vessels fitted with any GME-brand EPIRB should check the beacon’s model number and serial number.
Cosan Declares Force Majeure to Some Sugar Clients
Brazilian sugar exporter Cosan SA declared force majeure to some clients after a fire destroyed one of its 11 warehouses at the Port of Santos, a press representative said on Tuesday.
Panama Canal Expansion Poses Billion Dollar Challenge
As the Panama Canal prepares to celebrate its 100th anniversary, insurers are warning of the increased risks that will arise from its plan to double the cargo-carrying capacity of ships transiting one of the world’s most important waterways. In a new report entitled Panama Canal 100: Shipping Safety and Future Risks leading marine insurer, Allianz Global Corporate & Specialty (AGCS) identifies that…
Batista Transfers Prumo Stake to Mubadala
Brazilian tycoon Eike Batista agreed on Tuesday to transfer a 10.44% stake he has in port and logistics company Prumo Logística SA to sovereign wealth fund Mubadala Development Co PJSC.
Cammell Laird Bolsters Energy Division
Birkenhead-based shipyard and engineering services company Cammell Laird is ramping up its activity in the energy sector by investing more than £1.5 million in its facilities and appointing a leading nuclear sector engineer. John Eldridge has joined Cammell Laird from Sellafield Ltd. which operates the nuclear reprocessing plant in West Cumbria. He has a track record of more than 40 years working on the design, construction, commissioning and operation of nuclear facilities.
Ports Recognize MOL for Green Initiatives
Mitsui O.S.K. Lines, Ltd. (MOL) today announced that the company has earned recognition from the ports of Long Beach and Los Angeles, California, for its efforts to ensure compliance with standards that call for vessels to slow down within 40 nautical miles (nm) of the shore. The Port of Long Beach introduced the Green Flag Program and Port of Los Angeles the Vessel Speed Reduction Program. The programs…
Serica Completes Farm Out to Centrica of East Irish Blocks
Serica Energy plc is pleased to confirm it has now completed the farm out of UK East Irish Sea Blocks 113/26b and 113/27c (Licence P.1482) with Centrica through…
Essar Projects Bags $54 mi Maiden Contract from Saudi Aramco
The Hydrocarbon SBU of Essar Projects, a global EPC (engineering, procurement, construction) contractor, has secured its maiden contract from Saudi Aramco, the national petroleum and natural gas Company of the Kingdom of Saudi Arabia. The USD 54-million EPC project involves the upgradation of a Crude Stabilization Unit at Aramco’s Abqaiq Plant, in Shaybah, one of the largest oilfields in the world.
Thomsen Joins Strategic Marine
Specialist shipbuilder Strategic Marine has appointed Dennis Thomsen as its Business Development Manager aimed at boosting its presence in the wind vessel and European work boats markets. He will be based out of Singapore. Dennis will be responsible for all wind vessel and European workboat related business development activities including strategic planning and market growth. He has experience in…
Actera, Esas Buying UN Ro-Ro from KKR
Turkish investment firms Actera Group and Esas Holding have signed an agreement to acquire ferry operator UN Ro-Ro from private equity firm KKR & Co LP, the Turkish…
Caterpillar Invests $11m for Africa’s Prosperity
The Caterpillar Foundation, supported by Caterpillar Inc. , continues working to alleviate poverty worldwide, including on the African continent, through a series of investments.
Bangladesh Rescuers Struggle in Ferry Response; 120 Missing
Bangladeshi rescuers struggled against a strong current and choppy river waters on Tuesday in the search for a ferry that capsized with more than 200 passengers…
TUI Cruises Expands to Six Ships by 2017
TUI AG and Royal Caribbean Cruises are substantiating their expansions plans for their joint venture TUI Cruises. The Mein Schiff fleet shall grow from now three to six ships and then 14,000 beds by 2017. TUI Cruises is strengthening its already sound and dynamic position in the German cruise market. Both the Boards of TUI AG and Royal Caribbean Cruises have decided to order the two newbuilds. The…
SINOPACIFIC’s Design SPP17A Secures First Order from Mexico
Sinopacific Shipbuilding Group (SINOPACIFIC), has recently signed a contract with a Mexican shipping company, Naviera Petrolera Integral S.A. de C.V. for the construction of 3 (three) SPP17A vessels. All vessels will be built in SINOPACIFIC’s Zhejiang Shipyard and are expected to be delivered before the end of 2015. Following that, the new vessels will be used by PEMEX, Mexico’s largest governmental owned oil company, in their oil and gas development projects in the Gulf of Mexico.
Bouchard Transportation in Expansion Mode
Morton S. Bouchard III, President and CEO of Bouchard Transportation Co., Inc., today announced the next step in the company’s ongoing fleet expansion with the construction of two 6,000-hp ATB tugs. These newbuilds, the M/V Bouchard Boys and the M/V Evening Light, will be equipped with Intercon Coupler Systems and constructed by VT Halter Marine, Inc. Measuring 130 feet by 38 feet by 22 feet, these 6…