Saudi Oil Pipeline Set Alight
A "limited fire" broke out on a subsidiary oil pipeline in eastern Saudi Arabia on Saturday after assailants fired shots at a security patrol, the state news agency SPA said.
Maduro Says Venezuela's 2015 Budget to Put Oil at $60
Venezuela's 2015 budget will be based on a target oil price of $60 dollars per barrel, President Nicolas Maduro said on Friday night, but he repeated expectations that prices will recover. Venezuela routinely underestimates oil prices when planning its budget to permit more spending later with fewer budget restrictions. The OPEC country's 2014 budget proposal also put oil prices at $60 dollars. Oil has dropped more than 25 percent since June on strong supply…
Long Beach Port Adds ‘Free Time’ for Cargo to Ease Congestion
The Port of Long Beach will add an extra three days to the time that overseas import containers can remain on the docks without charge, in order to grant some relief to cargo owners as the supply chain works to eliminate cargo delivery delays. Starting tomorrow, Saturday, Oct. 18, and continuing through Friday, Oct. 31, the “free” time been extended from four to seven business days. Cargo owners typically…
Mount Whitney Departs Batumi, Georgia
The U.S. 6th Fleet command and control ship USS Mount Whitney (LCC 20) departed Batumi, Georgia, Oct. 18 after completing a successful port visit. While in Batumi, Sailors had the opportunity to participate in community relation projects, provide tours of Mount Whitney, participate in multiple sporting events and engage with Georgian coast guard members during military-to-military engagements. “Our port visit in Batumi, Georgia was absolutely fantastic.
Boskalis Consortium Wins Suez Canal Expansion Contract
A consortium consisting of Royal Boskalis Westminster N.V. (Boskalis), Van Oord, NMDC (Abu Dhabi) and Jan de Nul (Belgium) has acquired a contract from the Suez Canal Authorities in connection with the expansion of the Suez Canal, which provides a vital shipping link between Europe and Asia. The total contract value amounts to USD 1.5 billion, with each partner entitled to an equal share of USD 375 million.
Hurricane Gonzalo Knocks out Bermuda Power
Power was knocked out to 80 percent of Bermuda's electricity grid due to Hurricane Gonzalo, the island's only power company, Bermuda Electric Light Co., said on Friday evening.
Can Oil & Gas Superpower Lead on Climate Change?
A day before President Barack Obama addressed the United Nations to declare the nation is "stepping up to the plate" to tackle climate change, nearly 400,000 protesters jammed New York City streets in a climate change march. Many held signs calling for an end to fracking. Environmental activists see the U.S. natural gas and oil production boom, spurred by fracking, as a major contributor to global warming. Obama has lauded the country's shale boom as an economic boon and a geopolitical lever.
USS Constitution Not to Set Sail Until 2018
The crew of USS Constitution embarked on their final Boston Harbor underway demonstration aboard Old Ironsides this year, Oct. 17. Constitution set out into the harbor for her fifth and final underway of 2014 at 10 a.m. with more than 600 guests in attendance aboard America's 'Ship of State.' The guest list, made up of individuals and organizations with long-standing ties of support to both the ship and the Navy…
World’s 1st LNG Hybrid Barge Christened "Hummel"
The world’s first LNG hybrid barge of Becker Marine Systems was christened with the name "Hummel" on October 18, 2014, at Grasbrook Quay in HafenCity Hamburg. The godmother of the inaugural event for the floating LNG power plant for environmentally friendly energy supply of cruise ships was Dr. Monika Griefahn, Chief Sustainability Officer at AIDA Cruises. The co-founder of Greenpeace Germany and former…
Much Activity During Danish Maritime Days
Danish Maritime Days was well visited, and there were many participants and great enthusiasm at the more than 50 events. Attendance at the many events tells that the maritime days were successful. The flagship of Danish Maritime Days was the large international conference Danish Maritime Forum, which was held on 8-9 October at Docken in the northern part of Copenhagen Port. Here, the organizers had…