Ezra Holdings Files for Bankruptcy in US
Oilfield services firm Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy at the weekend, blaming a prolonged slump in the energy industry, Reuters reported. Ezra has been facing hostile actions from creditors at home and abroad as it struggles to recover from a slump in oil prices over the past three years. The company filed voluntary petitions for reorganization under Chapter 11 of the US Bankruptcy Code, according to a stock exchange filing on Sunday.
India to be Global Hotspot for Cruise Shipping
The government of India is working on a policy to make India a global destination for cruise shipping and efforts are on to identify such circuits, besides a slew of steps, to boost infrastructure, Shipping Minister Nitin Gadkari has said. According to a report by Press Trust of India, a high-level task force has been appointed and top global consultants are drawing up blueprint for it. Five circuits…
Parramatta Saves Yachtsmen in Southern Ocean
Australian Navy frigate, HMAS Parramatta has rescued three South African sailors from a stricken yacht approximately 1,300 kilometres southwest of Cape Leeuwin in Western Australia. The three yachtsmen of the 13-metre yacht activated an emergency response beacon late on 17 March, when their mast was lost in rough seas on a journey from South Africa to New Zealand. It was their intention to abandon the vessel.
USS Carter Hall enters Black Sea
The amphibious Harpers Ferry-class dock landing ship USS Carter Hall has entered the Black Sea, the Naples-headquartered US 6th fleet press service said. "The amphibious dock landing ship USS Carter Hall (LSD 50) and embarked Marines from the 24th Marine Expeditionary Unit, arrived in the Black Sea March 17, to participate in bilateral training exercise Spring Storm 17 with Romania," the press service said in a statement.
The World's First Offshore Wind Farm is Retiring
DONG Energy has decided to retire “Vindeby”, the world’s first offshore wind farm, which 25 years ago marked the birth of the offshore wind industry. Today, offshore wind is a recognised and proven renewable energy technology, and the offshore wind turbines harvest the energy from the wind, transforming it into green power for millions of households. But it is actually only some 25 years ago that the…
Dubai Mulls Maritime Clusters
The Dubai Maritime City Authority (DMCA) recently brought together the high-level representatives of key Dubai maritime associations at its headquarters to engage industry leaders in insightful discussions according to the Dubai Maritime Sector Strategy’s goal (DMSS) of catapulting the emirate into the ranks of the world’s most vibrant, highly competitive, and safest maritime capitals. The meeting…
Mazagon Docks to Make 3 more Scorpene-Class Subs
Mazagon Dock Shipbuilders Limited has approached the Indian Navy with a repeat order for three Scorpene-class submarines, reports The Hindu Businessline. The leading shipyard of the country has French shipbuilder DCNS as its technology partner for the Scorpene submarines. Like the first six Scorpenes, the three new submarines would also be manufactured at the Mumbai site, and would be equipped with a new anaerobic propulsion system (AIP) developed by the DRDO.