Oil Could Rise to $100 by 2019
Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Monday at the Asia Pacific Petroleum Conference (APPEC) in Singapore.Almost 2 million barrels per day (bpd) of crude could be taken out of the market as a result of the U.S. sanctions against Iran by the end of the fourth quarter this year…
Damen Floats Out Australian Icebreaker
Shipbuilder Damen said it has floated out the Antarctic Supply Research Vessel (ASRV) RSV Nuyina currently under construction at Damen Shipyards Galati in Romania.The carefully executed procedure was achieved by raising the water level in the yard’s dry dock by six meters; a process taking two days to complete. Once afloat, the vessel was maneuvered 250 meters to a quayside berth where the ongoing…
Total Makes Major Offshore UK Gas Discovery
French oil and energy group Total said on Monday it had made a major gas discovery on the Glendronach prospect, located off the coast of the Shetland islands in the North Sea.Total said preliminary tests on the new gas discovery confirmed good reservoir quality, permeability and well production deliverability, with recoverable resources estimated at about one trillion cubic feet (1 tcf).It said Glendronach…
Nor-Shipping Partners with SeaFocus
Nor-Shipping is partnering with business platform SeaFocus in an agreement aimed at connecting maritime companies with talented students.SeaFocus is an international organization…
Cerberus to Acquire Subsea Communications Business from TE Connectivity
Cerberus Capital Management announced that one of its affiliates has entered into an agreement with TE Connectivity under which Cerberus will acquire TE's Subsea…
ABB Acquires Logistics Tech Firm intrion
Swedish-Swiss multinational corporation ABB has completed its acquisition of intrion, with the aim of boosting its expertise in fast-growing logistics automation…
Bomin Exits Bunker Markets in Singapore, Antwerp
The Bomin Group, a supplier of marine fuels, has announced that it will exit the bunker markets in Singapore and Antwerp.Going forward Bomin will operate from only two offices: Houston and Hamburg.
Marlink Sings Pact with SES Networks
Satellite services and solutions provider Marlink has contracted SES Networks’ fibre-like connectivity to enable new low-latency services in its enterprise portfolio…
Koole Terminals Acquires Odfjell Terminals Rotterdam
Odfjell Terminals entered into an agreement with Koole Terminals B.V. of the Netherlands (Koole) to sell its 100% ownership of Odfjell Terminals Rotterdam (OTR).The…
Global Blockchain Technology Market in Logistics to Grow 82.86% by 2022
The global blockchain technology market in transportation and logistics industry to grow at a CAGR of 82.86% during the period 2018-2022.Blockchain technology is a cryptographically managed…
Nigerian Pirates Kidnap 12 Crew from Swiss Cargo Ship
A Swiss-operated ship has been attacked off the coast of Nigeria, Switzerland’s foreign ministry said, amid media reports that 12 crew members had been kidnapped by a gang of pirates.The MV Glarus…
Georgia Ports Plan 8 Million TEU Capacity by 2028
The Georgia Port Authority (GPA) has unveiled a $2.5 billion plan to expand the capacity at the Port of Savannah to 8 million TEUs by 2028.GPA Executive Director…
Shell to Deploy AI Applications
Royal Dutch Shell and C3 IoT have announced that Shell has selected C3 IoT as its artificial intelligence (AI) platform to enable and accelerate digital transformation…
Transocean Bags Equinor Contract Off Norway
Equinor has awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig. Drilling start…
APM Terminals Gothenburg Performs Well
This year has seen record-breaking performance at APM Terminals Gothenburg and the return of major shippers and consignees to the terminal. Progress is set to continue…
DMA Joins Polar Fish Trade Fair in Greenland
The Danish Maritime Authority (DMA) participates in Polar Fish 2018 in Sisimiut, Greenland. Focus will be on guidance and information about safety, requirements…
Royal Research Ships in Hutchison Ports Harwich International
Hutchison Ports Harwich International has become a new base for the British Antarctic Survey’s two ice-strengthened Royal Research Ships, the RRS James Clark Ross…
Golden Ocean Group Appoint Two New Board Members
Norway based dry bulk shipping company Golden Ocean Group Limited IGOGL) has announced that Ulrika Laurin and James O'Shaughnessy have been elected as new board…
Noble Corporation Buys Gusto MSC CJ46 Design Jackup Rig
Noble Corporation has announced the purchase of a new Gusto MSC CJ46 design jackup rig from the PaxOcean Group (PaxOcean) in connection with a concurrently awarded…
USMMA to Celebrate 75th Anniversary
The U.S. Merchant Marine Academy at Kings Point (USMMA) will celebrate 75 years since initial dedication in 1943, at homecoming this weekend. Events scheduled include a 75th anniversary dinner, the season’s first home football game for the 2-0 Mariners, a parade by the Regiment of Midshipmen, and the ceremony of Beating Retreat.“We are pleased to welcome alumni classes, families and friends for a jam-packed homecoming weekend at USMMA…
