Rosneft Hikes Stake in NOC
Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to this deal the share of Rosneft in the charter capital of NOC will increase to 80%, with the remaining 20% owned by Gazprom Neft. Consolidation of the consortium management resulting from the deal will allow to substantially improve operational control and have positive impact on the Junin-6 project implementation efficiency.
Nansha Factory Cuts First Steel for Tanker Newbuilds
A steel cutting ceremony was held at the Nansha Factory December 1 for the third and fourth of eight vessels of 113,000 DWT product/crude oil tankers for NAVIG8 Group registered in U.K.
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
Baltic Index Slips with Falling Panamax Rates, Capesize Revives
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell further on Wednesday, dragged down by decreasing panamax rates.
Barges Collide on Ohio River
The U.S. Coast Guard (USCG) is responding to a barge collision on the Ohio River near Joppa, Illinois, Wednesday. Coast Guard Sector Ohio Valley watchstanders were…
The OBA ShipCheck Fluids Analyzer
Privately held, American-based On-Site Analysis, Inc. (OSA), a manufacturer of high-tech, on-premise, automated fluids analysis equipment, has now expanded into the maritime industry with the introduction of the OBA ShipCheck, an on-board analyzer. With a physical footprint of just four square feet and weighing only 95 pounds, and using the same ASTM methods as outside labs, the OBA ShipCheck conducts diagnostic fluids analysis for marine engine lubricants…
Glycerin Powers into the Propulsion Picture
Maine Maritime Academy Receives a $1.4 Million U.S. DOT Research Grant to Develop a Marine Engine Testing and Emissions Laboratory. The Marine Engine Testing and Emissions Laboratory (METEL) at Maine Maritime Academy (MMA) is working on several initiatives to implement viable emissions reduction technologies for the marine industry. Funded by a $2.8 million grant from the U.S. Department of Transportation…
FMT Embraces Electronic Records Management
After Testing Records Technology Waters, Tug and Barge Company Jumps In. Shortly after Florida Marine Transporters CIO Don Carlton installed an electronic records management system for Kimberly Hidalgo, the tow service company’s head of Compliance, he suspected there might be other department heads interested in the new software. But, when Hidalgo’s department cut dozens of hours every week from staff…
Making Money with Marine Monitoring
The myriad benefits of gplink are well documented. Remote Monitoring and Tracking company gplink bills itself as the most capable remote diagnostic tool available for high horsepower systems. In a nutshell, gplink monitors commercial vessels and equipment, allowing users to detect anomalies before they turn into problems. Remotely monitoring, tracking and troubleshooting expensive and far flung assets is now a mature concept, reaching all marine markets.
Expanding Operations Demand Robust Fleet Management Solution
As technology needs penetrate the growing offshore sector, Harvey Gulf will depend on Advanced Logistics’ software to support its expanding fleet deployments. When offshore heavyweight Harvey Gulf International Marine deployed Advanced Logistics’ marine management system, SAMM, and preventative maintenance module, Preventer, on its fleet of marine transportation vessels, it signaled a firm commitment…
California OGV Fuel Regulations Under Review
The California Air Resources Board (ARB) issued an advisory to owners or operators of oceangoing vessels visiting California ports offering guidance for complying with the state’s fuel regulations during the Air Resources Board Sunset review process. The California Oceangoing Vessel (OGV) Fuel Regulation includes a sunset provision which states that the requirements of the California OGV Fuel Regulation…
Atlantic Rolling Gate Installed at Panama Canal
The Panama Canal Expansion Program’s electro-mechanical installation phase has begun with the installation of the first steel rolling gate at the Atlantic side. "This year, the Expansion Program completed several milestones towards the completion of the project," said Panama Canal Administrator Jorge L. Quijano. "I am proud of the progress we have made on this project and the uninterrupted service we have provided to global shipping for 100 years.
New Generation SSAV Delivered to PACC Offshore
POSH Xanadu, the first of a new generation of DP3 Semisubmersible Accommodation Vessels (SSAV) for PACC Offshore Services Holdings Limited (POSH), was delivered to Singapore on December 22, 2014, directly embarking on her maiden contract in Brazil with Petrobras for a firm one year charter. Her sister vessel, POSH Arcadia, is expected to be delivered in the first quarter of 2015. POSH Xanadu and POSH Arcadia, are both classed by DNV.
Nicaragua Canal Developer Plans IPO
The Hong Kong-based company with a concession to build a $50 billion shipping canal in Nicaragua said on Tuesday it is preparing to launch an initial public offering.
Mitsubishi Considers Splitting Off Shipbuilding Arm
Japan's Mitsubishi Heavy Industries Ltd (MHI) said on Wednesday it was considering a range of options for its shipbuilding business, including splitting it off into a separate company.
Pipeline Spills into Black Sea From Russian Source
A leak on a major Russian oil pipeline caused a spill in the Black Sea near the port of Tuapse on Wednesday where officials said stormy weather was hampering efforts…
Petrobras Sets up Special Committee
The Board of Directors of Petrobras approved at a meeting held today, the creation of a special committee to act as interlocutor ("Reporting line") of independent…
Chariot to Farm-out with Woodside
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, reports that, as detailed in the announcement of 4 July 2014, the farm-out signed between its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd. and a wholly owned subsidiary of Woodside, Australia's largest independent oil and gas company, has been approved for the Rabat Deep Offshore permits I-VI by the Moroccan authorities.
Aker: 4 Tankers Now Underway at Phila. Shipyard
Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), celebrated two significant ship milestones this week. Today, the shipyard held a ceremonial Keel Laying for the second of four product tankers that it is building for its joint venture with Crowley. Early in the day yesterday, construction began on its fourth product tanker in the same series.
WSS' Adjusted Pricing From 1st Jan
From 1 January 2015, Wilhelmsen Ships Service (WSS) will increase prices on all products and services by the OECD* global average inflation rate of 1.9%. “In order to consistently deliver quality products and dependable services throughout our global network it is necessary to cover at least a portion of the inflation costs we incur”, says VP Sales and Marketing, Thomas Smordalen. The 1.9% increase…