California Vessel Response Plans Altered
Steamship Mutual advises that beginning January 1, 2016 Marine Spill Response Corporation (MSRC) will no longer provide California Shoreline Protection (CASP) and…
US Oil Drillers Cut Rigs for a 6th Week in 7
U.S. energy firms cut oil rigs for a sixth week in the last seven, data showed on Thursday, a sign drillers were still waiting for higher prices before returning to the well pad.
Crowley Scholarships Aid Four UW Students
Crowley Maritime Corporation recently awarded Thomas B. Crowley Sr. Memorial Scholarships to four seniors studying at the University of Washington’s (UW) Michael G. Foster School of Business. The students, Joshua Banks, Kainen Bell, Maninder Grewal and Xuan Liao, were each chosen to receive a $2,500 scholarship for the 2015-2016 academic year based on their demonstrated financial need, community involvement and leadership skills.
Scorpio Bulkers Sells Five Capesize Ships
Scorpio Bulkers, Inc. announced today that it has entered into agreements with unaffiliated third parties to sell three Capesize dry bulk vessels and two newbuilding…
Urals Prices Weaken in Med, Baltic
Russian Urals crude price differentials weakened in the Mediterranean and the Baltic due to ample supplies, traders said on Thursday. In the Platts window, Litasco sold to Shell a 80…
U.S. Grain Prices Soar as Floods Shut Waterways
U.S. grain farmers scrambled to find shelter for their crops and handlers hunted for alternative transportation routes, as widespread floods shut waterways from…
China Confirms Second Carrier being Built
After months of speculation, China confirmed on Thursday it is building a second aircraft carrier to go with an existing one bought second-hand, as neighbours worry…
Iran Denies Rocket Launch Near U.S. Warships
Iran denied on Thursday that its Revolutionary Guards launched rockets near the U.S. aircraft-carrier Harry S. Truman and other warships as they were entering the Gulf on Saturday.
Storm Shutters Some North Sea Output
Loose barge drifts by platforms in North Sea; BP platform evacuated, output shut down. A fierce storm in the North Sea forced oil firms to evacuate platforms and…
Obituary: Christer Olsson, Stolt-Nielsen Chairman of the Board
The Board of Directors of Stolt-Nielsen Limited announced the passing of Christer Olsson, Chairman of the Board. He was 70. Mr. Olsson had served as a Director of the Company since 1993…
Drifting Barge Missed Valhall North Sea Platform
A drifting barge has missed BP's Valhall platform in the North Sea by some two kilometres, a spokeswoman for the Rescue Coordination Centre for southern Norway told Reuters.
Korea to Create $1.2bln Shipping Fund
The South Korean government will create a US$1.2 billion ship investment fund to aid the shipping industry which has been struggling due to decreasing global trade.
China's Maritime Economy Expands by 8 Pct Annually
The total production value of China's maritime industry grew by an average of 8.4 percent annually from 2011 to 2014, representing over 9.3 percent of the GDP each year…
India: New Opportunities Unveiled in Shipping Sector
The Ministry of Shipping has taken many proactive and progressive interventions in the areas of shipbuilding, port development, inland waterways and coastal shipping…
Indian Ministry of Shipping to Promote Ease of Biz
Promoting ease of doing business has been at the core of the efforts of the Ministry during the year. Focus has beenonsimplifying procedures by removing irritants…
India Bullish on Maritime Industry
For the development of maritime sector in the country, India has rolled out some important projects and signed MoUs, asscording to the Ministry of Shipping. India…
64% Gowth for LNG Bunkering Market
Detailed insights and analysis of the global market for LNG bunkering fuel have been included in a new market research report recently published by Transparency Market Research (TMR).
Cyber at Sea: House-Passed Legislation Signals Focus on Maritime Cybersecurity
Recent developments in the United States suggest that cybersecurity of the maritime sector will come under increasing focus in 2016, says Hogan Lovells. On December 16, 2015, H.R.
Heavy Wave Strikes Rig, Injures Three in the North Sea
At 5 pm on Wednesday December 30, Statoil and COSL were informed that three persons had been injured on the COSL Innovator when a heavy wave hit the rig. Statoil and COSL have mobilized their emergency response organizations. The semi-submersible drilling rig COSL Innovator is under contract to Statoil on the Troll field in the North Sea, west of Bergen. The rig had been taken off the well due to heavy weather when the incident occurred.
This Day in U.S. Navy History: December 30, 2015
USS John D. Ford (DD 228) is commissioned. It serves in both the Atlantic and the Pacific during World War II and receives a Presidential Unit Citation, specifically…