Marquette Transportation Reportedly for Sale
Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of Dell Inc Chief Executive Officer Michael Dell, according to people familiar with the matter. Marquette's owners, that include its founders and buyout firm KRG Capital Partners LLC, are working with investment bank Harris Williams & Co on an auction for the company that is already underway, the people said this week.
Tohoku Electric's LNG Buy Sets Asian Spot Level
Japanese utility Tohoku Electric has purchased an LNG cargo for delivery in the third week of March at a price in the low $7 per million British thermal unit (mmBtu) range…
Europe's Offshore Wind Capacity Growing
New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth in 2014 and should expand at a similar pace on average over the coming two years, an industry report said on Friday. New capacity connected to the grid totalled 1,483 megawatts (MW), edging down from 1,567 MW in 2013 when a record number of turbines and wind farms were installed, the European Wind Energy Association (EWEA) said.
BP Quits Indonesian Blocks on Risk Concerns
UK-listed energy giant BP has decided to relinquish two exploration blocks to Indonesia, after a survey of the blocks found them to be high risk, the company said on Friday.
Yemen Lifts Force Majeure on LNG Deliveries
Yemen on Friday lifted force majeure on liquefied natural gas (LNG) deliveries from its Balhaf plant, trading sources with knowledge of the matter said. Reuters…
ThyssenKrupp: Submarine Unit Not For Sale
German industrial group ThyssenKrupp is not in talks to sell its submarine unit nor is it in talks to sell its stainless steel unit VDM, its chief executive said on Friday.
Imabari to Construct Newbuilding Dry Dock
In order to accommodate construction of Ultra-Large newbuilding vessels including recently secured 20,000TEU Mega container ships (about 400m in length and about 59m breadth)…
Long Beach Port to Boost Power, Speed Clearance
Port of Long Beach Chief Executive Jon Slangerup on Thursday unveiled ambitious plans for congestion-beating smart systems for cargo movement and an all-out push to achieve energy resilience for port operations with wind turbines, solar cells and other clean technologies, in his first-ever “State of the Port” address. Speaking to a record audience of nearly 900 at the Long Beach Convention Center’s Pacific Ballroom…
31 ARENA Projects Completed
ARENA has invested $1 billion in more than 230 projects, fellowships and scholarships that are paving the way for a more diverse energy future for Australia. Thirty one of these projects have now been completed, with many more scheduled to reach key milestones and/or completion in 2015. Each of these projects is producing valuable knowledge and outcomes that are being shared with the energy industry to help overcome challenges and advance renewable energy in Australia.
Gazprom, OMV Ink Additional Deal
Vienna hosted today the signing of an Addendum to the existing contract for gas supply to Austria between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Gerhard Roiss, Chief Executive Officer of OMV. The document is to adjust the contract terms and conditions to the changing market environment and make Russian gas more competitive in the Austrian market.
SECNAV Completes Visit to Paraguay
Secretary of the Navy (SECNAV) Ray Mabus completed a visit to Paraguay Jan. 29 during which he met with Republic of Paraguay President Horacio Cartes to discuss the relationship between the Department of the Navy and Paraguay's military. "We look forward to future opportunities for our forces to work together to strengthen our relations, build interoperability and increase regional security," said Mabus.
Strategic Sale of Braemar's H.O.
On 27 January 2015 Braemar Shipping Services Plc exchanged contracts for the sale of our leasehold interest in our Marylebone corporate headquarters to Greenhouse Sports Ltd for a net consideration of £9.5m before tax. The leasehold had a net book value of £4.0m, leading to an exceptional gain of £5.5m. The transaction is expected to complete on 26 February 2015. The consideration will be used to reduce Group indebtedness and will provide the Group with greater financial flexibility.
Imabari Bags Order for 11 ULCCs
Imabari Shipbuilding Co., Ltd. (Imabari), with the cooperation of Marubeni Corporation, has secured newbuilding order for eleven (11) units of 20,000TEU Ultra-Large Container Carriers, the largest type container carriers in the world as of today. These state of the art newbuilding vessels have been developed for overseas ship-owners, fully adopting eco-friendly feature and most advanced energy efficiency technology. She has dimensions of about 400m in length with about 59m breadth.
US Wants Japan to Patrol South China Sea
Admiral Robert Thomas, senior U.S. Navy officer and commander of the Seventh Fleet and the top U.S. navy officer in Asia, has told Reuters that the United States would welcome operations conducted by the Japanese Self-Defense Forces in the South China Sea. The comments are in line with broader U.S. support for Japan’s military playing a more global role. US would back any moves by Japan to extend air…
Progress in China-Japan Maritime Talks
China and Japan have agreed to launch a maritime and aerial crisis management mechanism as soon as possible. The Chinese Defense Ministry announced that some progress was made in the 4th round of expert group discussion on maritime liaison mechanism held by both countries. A consensus had been reached on various aspects in talks in Tokyo this month, including reaffirming previous agreements on the goal…
31st Edition of Cruise Shipping Miami
Cruise Shipping Miami 2015 is gearing up to offer the most comprehensive and robust roster of panel discussions featuring the industry's most knowledgeable and experienced executives. The panels will be grouped under several broad themes based on industry trends during the four-day conference. The 31st edition of Cruise Shipping Miami is scheduled for March 16-19 at the Miami Beach Convention Center.
South Korea Mulls Maritime Study with North Korea
South Korea would propose a joint research with North Korea to develop marine resources and ocean tourism, reports Korea Herald. South Korea’s Maritime Affairs and Fisheries Ministry pointed out the need of an excavation of North Korea’s marine resources, and development of ecotourism content and infrastructure to attract Asian tourists. The plan is to work together on eco-friendly marine tourism measures with North Korea…
Port of Amsterdam, Gujarat Strengthen Cooperation
Port of Amsterdam signed a Letter of Intent (Lol) with Gujarat Ports Infrastructure & Development Co. Ltd, a subsidiary of Gujarat Maritime Board. The intention is to enhance trade between Gujarat and Amsterdam and intensify existing cooperation. The signing of LoI by AK Rakesh, Chairman of Gujarat Ports Infrastructure & Development Company Limited and CEO and Vice-Chairman of Gujarat Maritime Board and Anthony Van Der Hoest…
Lerwick Harbor sees Positive Outlook
Lerwick's importance as a gateway for Shetland’s communities and industries is underlined by an increase in passenger traffic, cargo handled and fish landed in 2014. Passengers were up 11.8% to 179,352, with numbers on the roll-on/roll-off nightly ferries between the port and Kirkwall and Aberdeen increased by 2% to 135,629 compared with the previous year, despite the two vessels being off-route in sequence for a total five weeks for biennial servicing.
German Shipowner Worst Global Dumper -NSP
German shipowner Ernst Komrowski topped the list of the worst global dumpers with 14 end-of-life vessels sold to the beaches, according to a press release from NGO Ship-breaking Platform (NSP). All of these were formerly part of the Maersk fleet and had been on a long-term charter with the Danish containership giant, which oppositely to Komrowski has a strict ship recycling policy for its own vessels.