ICE to Offer First US Gulf Coast LNG Futures Contract
With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it would begin trading the first-ever U.S.
Shell Signs 3-year Contract to Lease Oil Tanks in Panama
Oil company Royal Dutch Shell has signed a three-year contract to lease storage tanks at a large terminal in Panama that had been used by U.S. refining company Tesoro Corp…
Roxtec Services Expands in North America
Global safety seal provider Roxtec said it has launched its second specialized service company offering inspections and maintenance of cable and pipe transits. The…
Gowind 2500: DCNS Creation Passes first Test
DCNS announced the success of the first sea trials of the first-of-class Gowind 2500 corvette under construction in Lorient, France by DCNS. Ten Gowind 2500 corvettes, aimed at supplementing DCNS surface vessel product range, has been ordered so far by international navies. “It is a very important moment for DCNS: the Gowind corvette designed especially for the international market is now sea proven,” said Eric Chaplet, DCNS Marketing Vice-President.
Danish Finance Minister to Report on North Sea Oil Negotiations with Maersk
Denmark's finance minister Kristian Jensen will hold a news conference about the government's ongoing negotiations with the Danish Underground Consortium (DUC) about…
Trump's Navy: A Look at the Future US Navy
It’s still too early to know for certain what the new administration will do about building up the U.S. Navy, as the numbers are a moving target. But with President Trump’s recent pledge to add $54 billion to defense spending, it’s a safe bet to make that the fleet will grow. So let’s start with the numbers. There are different ways to count the fleet size, including whether or not you count auxiliaries, but let’s use this number as the baseline: There are 274 ships in the U.S. Navy now.
Arctic Ice Sets New Record Low for Winter
The extent of sea ice in the Arctic Ocean has set a new record low for the wintertime in a region strongly affected by long-term trends of global warming, U.S. and European scientists said on Wednesday. Sea ice around the North Pole expands to its biggest extent of the year in February or March after a deep freeze in the winter polar darkness and shrinks to the smallest of the year in September, at the end of the brief Arctic summer.
Guam Bolsters Oil Spill Recovery Capacity
Lamor recently commissioned itsLSC 4C Side Collecting Oil Skimming System for Guam’s Oil Spill Response Operations Company (OSROCO) and T&T Marine Salvage (T&T) making it the largest skimming system in the region. OSROCO, a wholly owned subsidiary of Cabras Marine, and T&T operate the skimming system as well as an array of small crafts, and other specialized response equipment. OSROCO, Cabras and T&T employees are trained and certified in accordance with the U.S.
OSV Crewman Medevaced off Texas
An ailing crew member aboard an offshore supply vessel (OSV) was medevaced 14 miles off the Texas Point Wildlife Refuge, Wednesday morning. At approximately 7:45 a.m., U.S.
Capsized Cargo Ship Refloated in Sweden
Ardent salvage crews used a parbuckling method to right and refloat the cargo vessel, M/V Sternö, which was loaded with 1,400 tons of grain when it suffered a collision and rested on a jetty structure with a 54-degree list. Ardent crews were mobilized in late February 2017, completed the operation and delivered the vessel on March 22. “We mobilized salvage craft and equipment, connected three strand jacks to bollards on the opposite side of the river to parbuckle the vessel…
Maersk Reaches Key North Sea Tax Deal with Denmark
Shipping and oil company A. P. Moller-Maersk on Wednesday reached an agreement with the Danish state that means it will pay less tax on its North Sea oil and gas activities through 2025. The deal, which has been under negotiation for months, makes it viable to redevelop the Tyra field through which 90 percent of Denmark's gas production is processed, and it is seen as crucial for the Danish company that is seeking to spin off its energy assets via a listing or merger.
Libyan Oil Output Rises after Port Fighting Ends
Libya's oil production has reached 700,000 barrels per day (bpd), the National Oil Corporation (NOC) said on Wednesday, recovering from a drop earlier this month…
Steel Cut for First Virgin Voyages Cruise Ship
A steel cutting ceremony has signaled the start of construction for the first of three new cruise ships for the Virgin Group’s new cruise line, Virgin Voyages. The three new ships are being built by Fincantieri at its shipyard in Genoa, Italy for scheduled deliveries in 2020, 2021 and 2022 respectively. The combined order value is about 2 billion euros. Each ship will weigh about 110,000 gross tons, be 278 meters long and 38 wide.
Fisheries Research Vessel Ordered for Germany
The German Federal Office for Agriculture and Food (Bundesanstalt für Landwirtschaft und Ernährung, BLE) has signed a contract with Damen Shipyards Group for the construction of a new fisheries research vessel following a European tendering process, realized by the Federal Waterways Engineering and Research Institute (Bundesanstalt für Wasserbau, BAW). With the vessel, to be called the Walther Herwig…
Indian Navy 'Coast to Coast' Rally Team Arrives at Indian Naval Academy
A 5-car rally team of Indian Navy’s Social Outreach Programme “Coast to Coast”, arrived at Indian Naval Academy on 21 March 2017. The rally is part of celebrations to commemorate the Platinum Jubilee of INS Valsura. The team was formally received by Captain Sumeet Kapoor, NM, Training Captain (Coord), Indian Naval Academy. INS Valsura is a 75 year old establishment of the Indian Navy located at Jamnagar, Gujarat.
Diana Containerships Launches USD 150 Mln Securities Offering
Diana Containerships, a global shipping company specializing in the ownership of containerships, announced today that the Company has entered into a Securities Purchase Agreement with Kalani Investments, an entity organized in the British Virgin Islands (Kalani) that is not affiliated with the Company, for the sale of 3,000 newly-designated Series B-1 Convertible Preferred Shares, preferred warrants to purchase 6…
Mumbai Harbour Channel and JN Port Channel to Expand
The Cabinet Committee on Economic Affairs, India chaired by the Prime Minister Narendra Modi here on Wednesday approved fresh estimates of the project Deepening and Widening of Mumbai Harbour Channel and JN Port Channel (Phase-II). The cost of the project will be Rs 2029 crore excluding the Service Tax. The entire project cost will be funded through internal resources of JN Port Trust (JNPT) with market borrowing, if necessary.
PensionDanmark, Danica Roll Out $300mln Maritime Investment Fund
PensionDanmark, Danica and Navigare Capital Partners have established the Maritime Investment Fund I, which, based on capital from the founders, shall build a diversified portfolio of maritime assets including dry bulk, container, offshore, product, crude oil and chemical tankers, to put on charter to operators. The fund will be managed by Navigare Capital Partners, which consists of partners with broad based shipping experience.
Rotterdam Port Signs MoU with Brazilian Port of Pecém
Port of Rotterdam signs a ‘memorandum of understanding’ (MoU) with the State Government of Ceará with the purpose to jointly study a potential cooperation. This may lead to the joint venture Industrial Port Complex of Pecém. The MoU is consistent with the Port of Rotterdam Authority’s foreign policy which is focused on creating opportunities in ports abroad that have perspective for growth. Port of…
Multinational Task for Australian Mine Warfare Team
Fifty navy divers and mine warfare specialists from Australia, New Zealand, the United States, and Britain converged on Bland Bay, New Zealand for Exercise FULCRUM recently. The contingent had to locate and dispose of 16 dummy mines of varying shape, size and weight, set throughout the bay. Australian and British autonomous underwater vehicle teams used remote environmental monitoring units to scan the bay floor and identify mine-like objects.