ABS Wins Petronas FLNG Classification Contract
ABS, a provider of classification and technical services to the global offshore industry, has been awarded the classification contract from Petronas, Malaysia's national oil company, for the company's second floating LNG facility (PFLNG 2). The vessel will be built at the Samsung Heavy Industries yard in Geoje, Korea. "This is a very significant award for us," said ABS Chairman and CEO Christopher J. Wiernicki.
TEN Extends Tanker Charter
Tsakos Energy Navigation Ltd. (TEN) announced the charter extension for a further 12-months of one of its MR tankers to the current charterer, a major Japanese trading house.
RS Class: New Lead Icebreaker Launched in Vyborg
The official ceremony of launching a lead icebreaker Vladivostok of a new generation project 21900 took place on April 29, 2014 at ОАО Vyborg Shipyard. The ship is built to the class of Russian Maritime Register of Shipping (RS): KM Icebreaker6 [2] AUT1-ICS FF2 BWM EPP ECO HELIDECK Special purpose ship. The construction is conducted under the Federal Target Program ‘Development of the Transport System of Russia (2010 - 2015)’.
Good Samaritan, USCG Rescue 1 near Grand Isle
A Good Samaritan and a U.S. Coast Guard boatcrew rescued one person from the water 19 miles offshore Grand Isle, Friday. Watchstanders at the 8th Coast Guard District…
22 Drown After Boats Capsize off Greek Island
Twenty-two migrants drowned and at least 10 were missing after their vessels capsized off the Greek island of Samos early on Monday in seas where hundreds have…
Hoover Adds to Offshore Product Line
Hoover Container Solutions, a subsidiary of Hoover Group, Inc., has added a new DOT / DNV certified Mud Skip / Cutting Box to its offshore product line for transportation and safe handling of hydrocarbon contaminated drill cuttings to and from offshore platforms. The mud skips / cutting boxes have patented sliding doors and a removable crank handle, and the units provide a safe and efficient means for containment of drilling waste for transportation to treatment or disposal sites.
Survey: O&G Research Spending to Increase
New research from Lloyd's Register Energy explores the drivers for technology and innovation in the global oil and gas industry. The Technology & Innovation Radar survey results are released today, May 5, 2014, from booth #2173 at the Offshore Technology Conference (OTC) in Houston by Lloyd’s Register Energy. It provides insight into the adoption and development of new technologies which are fundamental for the advancement of the Oil and Gas sector in addressing the global demand for energy…
Europe, China Economic News Challenges Shipping Demand
The global economic recovery continues along the rather bumpy lines described in the most recent report on macro economics from BIMCO. Chief Shipping Analyst at BIMCO, Peter Sand, said, "Economic data coming in today dampens optimism for the Euro zone a bit. A lower of level of GDP growth and inflation is affecting shipping demand slightly negatively. Bloomberg reported, The European Commission trimmed…
DNV GL’s Carlsen Wins OTC Achievement Award
The award is in recognition of his “outstanding, significant and unique achievements, and extensive contributions” to the offshore industry, and is presented at the Annual OTC Dinner Sunday, May 4. The defining moment of his career came in 1980, as a direct consequence of the tragic accident of the semisubmersible drilling rig, “Alexander Kielland” that cost the lives of 123 workers in severe weather…
DW: US Should be Careful with Strategic Petroleum Reserve
Should Russia occupy more Ukrainian soil and sustain the already tense relations with the West, the U.S. government may decide to release crude from its Strategic Petroleum Reserve (SPR) – perhaps 500,000-700,000 barrels per day as suggested by the Financial Times. Such a move would undoubtedly hurt Moscow economically – not to mention several of the U.S.’ allies (notably Saudi Arabia) – as crude oil prices would probably drop below the $100 per barrel mark.
Eleven Missing After Hong Kong Collision
Eleven crew of a Chinese cargo ship are missing following a collision with a large container ship in the waters off Hong Kong on Monday, authorities said. Hong Kong…
Chinese Billionaire Backs Nicaragua Canal Plan
Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off scepticism about how a little-known entrepreneur can be…
USAF Rescue Far From Land Chinese Sailors
Two Chinese sailors died and six are missing after their boat caught fire and sank in the Pacific Ocean, the U.S. Air Force said on Sunday. The boat sank on Friday…
Sembcorp Marine Results Drags Singapore Index Lower
Singapore shares edged lower on Monday, dragged down by losses in Sembcorp Marine Ltd which hit a six-week low after posting lower-than-expected first-quarter earnings.
Chinese South China Sea Drilling Illegal Says Vietnam
Vietnam says China's plan to move its first deep-water drilling rig into the disputed South China Sea, one of Asia's most volatile hotspots, is illegal and has called…
BAE Systems Awarded USS Bulkeley Contract Modification
U.S. Department of Defence, Navy informs that contract modification has been awarded to BAE Systems Norfolk Ship Repair, Norfolk, Virginia. The award is a US$11…
National Coast Guard Museum: Breaking Ground
With Coast Guard Cutter Eagle dressed overall as a backdrop, notables including Coast Guard Commandant Adm. Bob Papp, broke the ground for construction of the future National Coast Guard Museum.
Aker Philadelphia Shipyard Ratchets Up Q1 2014 Profit
Aker Philadelphia Shipyard (AKPS) has reported its highest ever quarterly result, with an EBITDA of USD 24.2 million and net income of USD 17.8 million, an increase relative to Q1 2013 of 27% and 48%…
USNS Spearhead First Deployment Judged a Success
The U.S. Navy informs that its first -in-class joint high-speed vessel USNS Spearhead (JHSV 1) has left the U.S. 6th Fleet area of operations, after more than three…
Rickmers Maritime Q1 2014 Profit Slips a Little YoY
Container ship owners & charterers out Rickmers Maritime describe a stable set of results in the first quarter of 2014. Charter revenue decreased slightly by 4%…
