Russia to Stop Gas to Ukraine Absent Prepayments
The CEO of Russian gas company Gazprom said on Wednesday Russia would stop exporting natural gas to Ukraine unless it received prepayment from Kiev for energy supplies, Interfax reported.
SCHOTTEL Opens Colombia Subsidiary
SCHOTTEL has opened a new subsidiary in Cartagena de Indias, Colombia. Serving as managing director of SCHOTTEL de Colombia is Julio Carrasquilla Martínez who previously worked as a sales agent for SCHOTTEL do Brasil. He has a Master in Marine Technology from Delft University and brings 16 years of work experience in the marine industry in South America and Europe. SCHOTTEL de Colombia serves customers from Venezuela and Colombia and is responsible for the sales activities in the region.
Top Five Most Costly Insurance Claims
The TT Club has alerted the supply chain industry to a persistence of claims in a handful of loss types. The international transport, freight and logistics insurance provider said it has found that 66% of its claims by number and 62% by value over a five year period can be categorized into just five causes. The analysis, which was conducted on 7,000 insurance claims each costing more than $10,000 recorded between 2010 and 2014…
SpeedCast Acquires Geolink Satellite Services
SpeedCast International Limited announced the acquisition of Geolink Satellite Services, part of the CETel Group. The closing of the transaction is subject to regulatory approval.
Propulsion Systems Ordered for Qatar Coastguard Vessels
Rolls-Royce has secured a £15.8 million contract to supply Rolls-Royce MTU high-speed engines and a suite of waterjet propulsion systems for the the Qatar Coastguard’s 17 fast patrol vessels under construction at Turkey’s ARES Shipyard. The scope of supply for Rolls-Royce Includes a total of 46 engines and waterjets, across three different sizes of craft. MTU 12V2000M84 diesel engines and Rolls-Royce…
Chief Engineer Sentenced for Pollution Violations
Chief U.S. District Judge Catherine C. Blake sentenced Noly Torato Vidad of the Philippines, the Chief Engineer of the cargo vessel M/V Selene Leader, to eight months in prison, followed by one year of supervised release, for obstruction of justice and violating the Act to Prevent Pollution from Ships (APPS). The sentence was announced by U.S. Attorney Rod J. Rosenstein; Assistant Attorney General for the Justice Department’s Environment and Natural Resources Division John C.
CSCL Globe Calls the Port of Zeebrugge
On her maiden voyage in the AEX1 service, China Shipping Container Lines’ containership CSCL Globe, currently the world’s largest container vessel, moored at Belgium's Port of Zeebrugge after embarking on its first voyage in China last December. The CSCL Globe, which measures 400 meters in length and approximately 59 meters wide, features a maximum capacity of 19,100 TEUs. Lining the containers up in a row would result in a container chain of 115 kilometers.
Port of Seattle CEO Presents Organizational Changes
Port of Seattle CEO Ted J. Fick presented a blueprint for his vision for leading the organization, announcing a realignment that aims to grow operations and increase jobs throughout the region and state by promoting economic development and advancing the port’s Century Agenda. Organizational changes include the creation of an office for strategic initiatives, as well as a new economic development office to encompass a number of existing functions such as real estate…
WesPac to Build N. America’s First LNG Bunker Barge
WesPac Midstream LLC (WesPac), a provider of energy infrastructure and liquefied natural gas (LNG) solutions, and its affiliate Clean Marine Energy LLC (CME), the global facilitator of tailored solutions for Emission Control Area (ECA) compliance, announced a construction contract with Conrad Orange Shipyard, Inc., a division of Conrad Shipyard, LLC, to build the first dedicated LNG bunker barge for the marine market in North America.
Lysblink Seaways to Be Towed to Shelter
Cargo ship Lysblink Seaways, which ran aground on Scotland’s west coast February 18, will be transported to shelter this afternoon after a successful ship-to-ship…
Investment Now Means Continued Prosperity in the Future
Our transportation network consists of different modes like roads, railroads, ship channels and ports. But when it comes to transporting food, building materials, bulk commodities, items used in manufacturing and finished products, each of those modes must be firing on all cylinders and in sync with the others. It is hard to overstate America’s reliance on a safe and efficient freight network. This network is the circulation system that fuels our economy health and helps secure our Nation…
General Maritime to buy Navig8 Crude Tanker
General Maritime Corp, which operates crude oil tankers, will acquire Navig8 Crude Tankers Inc in a stock-for-stock deal, the two companies said in a statement.
Latvia's Gas Utility Sales Volumes Fall in 2014
Latvia's gas utility Latvijas Gaze sold 10.9 percent less natural gas imported from Russia in 2014 than a year before, the company said on Wednesday. Sales fell…
Milaha Reports 32.8% Q4 Net Profit Increase
Qatar Navigation (Milaha) Q.S.C. increased fourth quarter net profit 32.8 percent, the company announced today in its 2014 financial results. It will pay a 55% cash dividend for 2014, a value of 5.5 Qatari Rials ($1.51) per share. The company said it increased its net profit 10% in 2014 over 2013, from QR950 million ($260 million) to QR1.059 billion ($290 million). The Gas & Petrochem segment had an extremely strong year relative to 2013…
Tanker Crew Freed After Kidnapping Off Nigeria
Three crew members of a Maltese-flagged supertanker, who were kidnapped by pirates three weeks ago off Nigeria, have been released, Greece's foreign ministry said on Wednesday.
Maersk Publishes Sustainability Report
Having launched a new sustainability strategy last year, the Maersk Group has published its 2014 sustainability report, covering aspects of the group’s 2014 sustainability performance including human rights, anticorruption, responsible procurement, diversity, as well as performance and efforts within safety and the environment. Group CEO Nils S. Andersen said, “Our efforts in sustainability rest on one premise: it must support both society and our business activities.
More Bodies Found in Bangladesh Ferry Disaster
Nine bodies were retrieved from a river in central Bangladesh on Wednesday, said Harun-ur Rashid, a regional police official, bringing to 79 the number of people…
Enterprise: Clients Must Pay for Dock Work
Enterprise Products Partners LP said on Wednesday that companies using its crude oil storage facility in the Houston Ship Channel must pay extra for dock services…
Ferus Smit Launches Nordana Sky
Ferus Smit launched multipurpose vessel Nordana Sky in Leer on February 21. Nordana Sky, built as yard number 417, is the first in a series of six that will be delivered to Symphony Shipping. The ship will be chartered out to the Danish company Nordana and sail in her fleet after delivery, planned for the end of March 2015. Nordana Sky is the first vessel of the builder’s new ecobox design, characterized by its flexibility of loading combined with very economical and ecological performance.
HII Awards Contract for New Employee Health Center
Huntington Ingalls Industries announced today that Fletcher Construction has been awarded a contract to renovate the new Huntington Ingalls Industries Family Health Center. The health center, scheduled to open this summer in Gautier, MS, will offer primary care, radiology, physical therapy, on-site pharmacy and laboratory services for Ingalls employees and their covered dependents. "Ingalls Shipbuilding is a long-standing economic pillar of this community…