160,000 Malaysians Displaced by Floods
The number of people evacuated due to Malaysia's worst-ever floods jumped to more than 160,000 on Saturday, as Prime Minister Najib Razak reached the worst-hit state after cutting short a vacation in the U.S. Najib arrived in Kelantan, which has the biggest problems among eight affected states, following his return from Hawaii on Friday after public criticism he had been absent as flooding worsened.
China, Vietnam to Address Maritime Disputes
Senior Chinese and Vietnamese officials have agreed to settle their maritime disputes without resorting to "megaphone diplomacy", the official Xinhua news service said on Saturday. The agency's report follows a meeting in Hanoi on Friday between Chinese political advisor Yu Zhengsheng and Vietnamese Prime Minister Nguyen Tan Dung, and it comes as Beijing backs off from aggressive attempts to press its territorial claims in the South China Sea.
Pemex Output Steady in November, Exports Up
Mexico's state-run oil company Pemex said on Friday its crude oil production held steady in November from the previous month at 2.363 million barrels per day (bpd), the lowest monthly figure on record. Crude export volumes in November were up 8.1 percent from October at 1.23 million bpd, Pemex said. Energy Ministry output records date to January 1990. (Reporting by Adriana Barrera; Editing by Leslie Adler)
Panama Economic Activity Picks Up in October
Panama's economic growth accelerated in October from a year ago, the government said on Friday. The economy grew 5.54 percent, its fastest rate so far this year, and up from 5.10 percent in September, due to an improvement in fisheries, mining, construction and shipping through the Panama canal. Panama's economy has been cooling as $15 billion of infrastructure projects, mainly for the expansion of the Panama Canal, have been winding down.
Oil Declines Amid Stronger Dollar, Crude Oversupply in U.S.
Oil prices fell Friday, tumbling as the dollar strengthened and as a supply glut in top consumer, the United States, trumped worries about falling production from Libya. The market had come under pressure from Wednesday's Energy Department report, which showed a 7.3 million-barrel rise in crude inventories to their highest December level on record. Analysts had expected a seasonal decline. The slide was exacerbated as oil prices reacted to a strengthening dollar index.
Evergreen Naming Ceremony for EVER LUNAR
Evergreen Group held the naming ceremony for EVER LUNAR today, the seventh of its L-type vessels to be built by CSBC Corporation in Taiwan. The ceremony, which was officiated by Ms.
Doubts Linger Over Chinese-backed Nicaragua Canal
When one of the poorest countries in the Americas and a little-known Chinese businessman said they planned to undertake one of the biggest engineering projects in history…
ACP Receives $740 mln in Cost Overrun Claims
The consortium working on the extensive Panama Canal expansion has submitted two new claims for cost overruns of almost $740 million, the canal administrator said on Friday. A dispute between the canal and the consortium over cost overruns temporarily halted work on the expansion earlier this year and arguments over the project are now being heard in an arbitration court in Miami. The consortium, Grupo Unidos por el Canal…
Es Sider Port Oil Tanks On Fire
A fire at an oil storage tank at Libya's Es Sider oil port has spread to two more tanks, officials said on Friday. The first oil tank was hit during clashes between…
Oil slides, Brent tests $60
Global oil markets fell again on Wednesday in holiday-thin trade, extending more than a week of see-saw volatility as traders jousted over whether a growing supply glut had been fully priced in. Oil whipped lower early in the day and tested new lows after U.S. data showed crude inventories unexpectedly rose by 7.3 million barrels last week to their highest December level on record. Analysts had expected a seasonal draw.
USCG Rescues Man Stranded in Bahamas
A man who was stranded on an island in the Bahamas for five days is safe after the Coast Guard rescued him Thursday afternoon. Rescued was Andrew Black, Bahamian national, 55-years old. While on a routine patrol, a Coast Guard MH-60 Jayhawk rescue helicopter crew spotted a man waving his arms in distress on an uninhabited island off Inagua, Bahamas. The helicopter crew safely hoisted the man off the island and transported him to Mathew Town, Great Inagua Island, Bahamas.
DFDS Logistics starts Germany - Norway Service
The 29th of December 2014 DFDS Logistics will have the 1st sailing on the new route from Northern Germany to Norway. The loop of the new route will be Oslo-Halden-Bremerhaven-Hamburg-Oslo. The vessel on the new route will be MV Lysvik Seaways, a 7409 GT multipurpose vessel with both container and sideport cargo capacity. DFDS Logistics will be able to offer a very strong short sea product for commodities like containers…
7th World Travel Award for DP World
consecutive year, at the prestigious World Travel Awards 2014. As the opening of the ultra-modern third cruise terminal was inaugurated by its namesake, His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, over 300 top decision makers in global travel and tourism were gathering at the 21st World Travel Awards celebration hosted in Anguilla. Mina Rashid, now home to the “Hamdan Bin Mohammed Cruise Terminal”…
WESMAR Bow Thruster Integrate Safety
“The WESMAR thruster works really well. It turns the boat on a dime,” says Wylie Sacks of Pembroke Pines, Florida, who with his son, ‘Vinnie,’ a 100-ton licensed captain, operates a charter boat out of Ft. Lauderdale, Florida. They installed a WESMAR Model V2-10m 13 hp thruster on their 43-foot Torres the YB NORMAL. “The WESMAR thruster works really well. It turns the boat on a dime,” says Wylie Sacks of Pembroke Pines…
APM & NYK Plan RoRo facility at Pipavav
APM Terminals operated Gujarat Pipavav Port Ltd (APM Terminals Pipavav) and NYK Auto Logistics (India) today announced setting up of a dedicated automobile yard (RoRo) at Pipavav Port.
MOL Seals Shipping Deal with Reliance
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) and Reliance entered into a strategic association for transportation of Liquefied Ethane from United States to India. This will make MOL to be the first shipping company who is dedicated for a continuous Liquefied Ethane transportation by Very Large Ethane Carriers (VLEC). The transportation of Ethane will be carried out by six VLEC's from North America to India.
Rosneft & GE Train Oil Cos Employees
Rosneft and General Electric have accomplished a training program for managers and engineers of the Company. The project was realized as part of the strategic partnership between Rosneft and General Electric. Modern challenges of global energy oblige leading companies of the world invest in human development. Rosneft treats this field of activity as a key one within the framework of the Company’s long-term development program.
USCG Respond to Ohio River Barge Collision
The Coast Guard is responding to a barge collision on the Ohio River near Joppa, Illinois, Wednesday. Coast Guard Sector Ohio Valley watchstanders were notified a collision took place between the towing vessel Christina Belcher, pushing two crude oil barges, and a loaded sand barge in a fleeting area at mile marker 952, at around 3 a.m. There were no reported injuries. One of the oil barges, reportedly carrying an estimated 921…
Standing by to Assist Santa
Pentagon Press Secretary, Rear Adm. John Kirby, recently held a press briefing where he discussed the specifics of how the Department of Defense is supporting Santa Claus’ yuletide journey as he delivers gifts around the world. The U.S. 6th Fleet is on high alert, focusing maritime assets on protecting the waters within its area of operations to ensure the Jolly Old Elf is able to complete his rounds as he, much like 6th Fleet ships, operates forward.
"Iron Nickel's" Last Voyage
USS Peleliu (LHA 5) returned to Naval Base San Diego Dec. 24 from a six-month deployment to the Western Pacific. Upon return, the ship will make preparations to decommission in March after 34 years of service, 17 deployments and more than a million miles transited, and as the last remaining Tarawa-class amphibious assault ship. During the ship's deployment Peleliu, its crew, Commander, Amphibious Squadron Three…