Chinese Fisherman killed in South Korean Coastguard Raid
A Chinese fisherman was killed on Friday in a South Korean coastguard operation to apprehend his vessel which was operating illegally off South Korea's west coast…
Samsung Heavy to Tankers for Gazprom
South Korean shipbuilder Samsung Heavy Industries plans to build three Arctic tankers for Russian oil company Gazprom Neft, which has been targeted by Western sanctions…
EU Approves Klesch Refinery Purchase
Regulator sees no competition concerns; Klesch announced purchase in July. EU regulators cleared U.S. entrepreneur Gary Klesch's purchase of the Milford Haven oil refinery on the coast of Wales…
Pentair Announces Quarterly Cash Dividend
Pentair plc announced that it will pay a regular quarterly cash dividend of $0.30 per share on November 7, 2014 to shareholders of record at the close of business on October 24, 2014. Pentair had previously announced on May 20, 2014 the approval by its shareholders of an ordinary cash dividend of $1.20 per share in four equal quarterly installments of $0.30 in each of the third and fourth quarters of 2014 and the first and second quarters of 2015.
Swissco Bags $17m Chartering Contract
SGX Mainboard-listed Swissco Holdings Limited announced it has secured three chartering contracts with options worth US$17.3 million. The offshore support vessels, comprising two new workboats and one anchor handling tug supply vessel, will be deployed in the Middle East under the contracts. Mr. Sam Kwai Hoong, Group Chief Financial Officer of Swissco, said: “Once again, our strong industry connections and relationships with customers have served us well…
TR Completes Successful TSTA and FEP
The aircraft carrier USS Theodore Roosevelt (TR) (CVN 71) successfully completed Tailored Ship's Training Availability (TSTA) and the Final Evaluation Problem (FEP) Oct. TSTA/FEP is a three-week training and evaluation period that prepares the ship and crew for integrated training with carrier strike group (CSG) assets through a wide range of drills, exercises, and operational scenarios. "FEP is a two-day evolution…
Petrobras Signs LoI for Libra FPSO
Libra Consortium has signed a letter of intent with Odebrecht/Teekay (OOG-Teekay), winner of a tender process, for the charter of a FPSO-type platform (floating production, storage and offloading) designed for the extended well test campaign of Libra, in the Santos Basin pre-salt deposits. The delivery of the FPSO and the start-up of the first extended well test are scheduled for the fourth quarter of 2016.
Antwerp Ro/Ro Terminals Start with Paperless Export
ICO and AET, the two ro/ro terminals in the port of Antwerp, are now also connected to the e-Desk. The Antwerp Port Community System (APCS) introduced the e-Desk for containers already in 2012, and this year the successful collaboration has been extended to rolling stock. The port of Zeebrugge (ICO and WWL) started the e-Desk for ro/ro in February, and now the Antwerp terminals are following suit.
Crowley, Seaboard to share vessels
Crowley Maritime Corporation’s liner services group and Seaboard Marine Ltd. announced today that they have entered a new vessel sharing agreement (VSA) to service customers in the Dominican Republic trade lane, while also changing their current VSA to Panama and Costa Rica. The new VSA, which commences mid-November, will provide customers of both companies with reliable, weekly service on a larger ship moving directly between Port Everglades, Fla., and Rio Haina, Dominican Republic.
North Sea firms “Biding Time”
Oil and gas operators may be sitting on new investment decisions until the future of the North Sea becomes clearer, according to the latest report from business advisory firm Deloitte.
Lundin Spuds Storm Wildcat
Lundin Petroleum AB, through its wholly owned subsidiary Lundin Norway AS, is pleased to announce that drilling of exploration well 33/2-1 in PL555 has commenced. The well will investigate the hydrocarbon potential of the Storm Prospect in PL555, which is located 200 km west northwest of Florø on the Norwegian west coast and approximately 65 km northwest of the Snorre Field. The main objective of well…
Unique Investment Opportunity in Antwerp Port
A unique, particularly attractive investment location of 96 hectares has become available in the port of Antwerp, the second largest port in Europe. The site in the heart of the European Union is particularly suitable for industrial development. The zone offers a number of intrinsic advantages including trimodal access and an existing area of ready-to-use buildings. These are amplified by the environment in which the site is embedded: a port that functions as the gateway to Europe…