Fed's Green Signal for Port Everglades Expansion
Port Everglades received key federal clearance to begin the next phase of deepening and widening its channels. The port now can seek Congressional funding for a project that would generate thousands of jobs and maintain the region's leading position in international trade. The Army Corps of Engineers approved the plan to deepen the port's main channels from 42 to 48 feet, as well as deepen and widen part of the Intracoastal Waterway…
Exxon, BP Defer Canadian Arctic Drilling
As Imperial Oil, as senior partner in the northern venture with ExxonMobil and BP, told Canada’s National Energy Board (NEB) that the exploration program has been deferred, the plan to revive arctic gas and oil drilling in deep Canadian waters of the Beaufort Sea ground to a halt. The slow pace of regulatory review has left too little time to finish the approval process and does the work before the group's drilling leases expire, Imperial said in a filing at the board.
China Shipping Service to Moldova
China Shipping Group has launched container shipping services in Moldova, becoming thus the second foreign companies to have the operation in the country's only port of Giurgiulesti. The hub is vital for Moldova as its economy suffers as a result of the Russian embargo on Moldovan goods. The decision of Chine Shipping Container Lines to expand its services to Moldova is part of the Chinese government’s…
Robert Goodwill Hails Port of Tyne
UK's Ports and Shipping Minister Robert Goodwill said that the Port of Tyne is a model of innovation and a major contributor to both the local and national economy. During his first visit to the port yesterday (25 June), the MP for Scarborough and Whitby witnessed firsthand the progress being made on the £25m project to extend the main Riverside Quay. Scheduled for completion next year, the investment will increase capacity to handle a wide range of bulk cargoes by almost 20%…
Greece's Creditors Take Aim at Shipowners
Greece's international lenders are asking the debt-laden country to hike vessel tax, according to a report in the Financial Times. The shipping sector is a vital generator of income for Greece. According to an official document indicating steps Greece must take, its lenders say the country must "increase the rate of the tonnage tax and phase out special tax treatments of the shipping industry". International…
Panama Canal Plans LNG Terminal
The Panama Canal Authority (ACP), which administers the canal, is looking at building a Liquefied Natural Gas (LNG) import terminal near the Canal. The ACP has been awarded a US Trade and Development Agency grant to help fund a feasibility study for the project, which it is considering for when the expanded canal is opened next year and the waterway is expected to handle considerable liquefied natural gas tankers. A statement from the U.S.
Germany Lobbies for India's Submarine Project
Germany is hopeful in bagging multi-billion-dollar Indian submarine project for building six conventional submarines, says a PTI report. German Ambassador to India Michael Steiner said the P-75(I) project was under discussion and that the matter also came up during German Defence Minister Ursula von der Leyen's visit here last month. He said that the talk did not specify the modalities of the deal on whether this should be Business-to-Business or Government-to -Government.
Viking Sea Floated Out From Drydock
Viking Ocean Cruises has announced its second ship—the 930-passenger Viking Sea —was floated out from Fincantieri’s Ancona shipyard, marking a major construction milestone and the first time that the new ship touches water. Viking marked the occasion with a traditional ceremony at Fincantieri’s Ancona shipyard, where the ship is under construction. Karine Hagen, Viking’s senior vice president of product and daughter of Torstein Hagen…
UASC Behemoth Calls at Felixtowe
United Arab Shipping Company's (UASC) newest vessel, the 18,800 teu Barzan, has made its maiden call at the Port of Felixstowe, the Port of Britain. The biggest container ship in the UASC fleet, the mega-ship arrived at the UK's largest container port from Port Kelang in Malaysia. The Barzan is deployed on UASC's AEC1 service between Asia and North Europe. "We are delighted to welcome the latest vessel in the UASC fleet to the port of Felixstowe.
EnQuest Appoints Holland as Non-Ex Director
EnQuest PLC has appointed Phil Holland as a Non-Executive Director with effect from 1 August 2015. Phil has very significant international project management experience in the energy sector, in particular in oil & gas. He held a number of senior positions at the Shell Group, including that of Executive Vice President, Shell Projects and Technology. Prior to Shell, Phil led the management of large scale Oil & Gas projects in a range of international locations for the Bechtel Corporation.
Imperial Oil/Exxon/BP Gr defer drilling in Canada's Arctic
Imperial Oil Ltd said on Friday it and partners Exxon Mobil Corp and BP Plc need more time before they can drill an exploratory well in Canadian Arctic waters and are seeking an extension to their exploration license in the region. Pius Rolheiser, a spokesman for Imperial, said the license for the group's exploration parcel in the Beaufort Sea, a section of the Arctic Ocean, expires in 2020. He said…
Refinery Workers Approve 6-year Labor Pact
Union workers at Exxon Mobil Corp's Beaumont, Texas, refinery agreed to an unusually long six-year contract on Thursday night, which sources say the company pushed to assure no work stoppages during a contemplated multibillion-dollar expansion. Members of United Steelworkers union (USW) Local 13-243 voted by secret ballot on the contract offer, which is two years longer than the national agreement reached by the USW and U.S. refinery owners in March.
Crews Recover Bodies of 9 Victims of Alaska Plane Crash
Emergency crews recovered on Friday the bodies of nine people from the wreckage of a sightseeing plane that remains teetering on a steep rock face after crashing in Alaska, a rescue official said. Eight passengers and the pilot were killed when the aircraft, an excursion flight booked via a cruise ship, went down during a tour of the Misty Fjords area of southeast Alaska on Thursday afternoon, flight operator Promech Air said.
China says Changing Position on Sea Dispute would Shame Ancestors
Changing position on China's claims over the South China Sea would shame its ancestors, while not facing up to infringements of Chinese sovereignty there would shame its children, Foreign Minister Wang Yi said on Saturday. China has become increasingly assertive in the South China Sea, building artificial islands in areas over which the Philippines and other countries have rival claims, sparking alarm regionally and in Washington. "One thousand years ago China was a large sea-faring nation.