Maritime Industry Top News
Asia Tanker, VLCC Rates Could Climb
Charterers to release 30 Middle East VLCC cargoes next week. VLCC market buoyed by upbeat Suezmax, Aframax sectors. Rates for very large crude carriers (VLCCs) onā¦
BG Group's Queensland Curtis LNG to Ship First Cargo
BG Group is set to ship the first cargo of liquefied natural gas from its flagship gas project Queensland Curtis LNG on Dec. 20, a source familiar with the matter told Reuters.
Belgian Strike to Impact Antwerp Port
A strike in parts of Belgium on Monday is expected to disrupt rail services and one of Europe's largest ports as trade unions and workers voice their anger overā¦
Europe Stockpiling Low Cost, Surplus LNG
Demand from top Asian buyers drops sharply; Asian, European gas price spreads converge. Europe set to becoming dumping ground for LNG. Europe is set to become aā¦
Statoil Halts Angola Exploration, Cancels Rig Contract
Norway's Statoil has halted its exploration campaign in Angola after several disappointing wells and canceled a rig contract with Stena Drilling, the firm said on Friday.
EMGS to Map Brazil's Gas Hydrates
Electromagnetic Geoservices ASA (EMGS) has received a contract worth USD 1.5 million for a research project in Brazil. The project will use 3D EM data to map shallow gas hydrates in the Pelotas Basin.
IMO Steps Up Safety in Polar Waters
United Nationsā International Maritime Organization (IMO) has adopted global, binding regulations to enhance safety of navigation in polar waters. After several yearsā intense negotiationsā¦
Transas Launches Web Map Service
Transas Marine has launched Transas Web Map Service (WMS)to provide transparent and easy access to navigation charts through common interface. Access to comprehensiveā¦
Rosneft Completes Geological Survey
Rosneft reports on 100% completion of the geological survey program on Company's offshore license areas for 2014. In the current year geological survey covered 24ā¦
Seaspan Shipyard's Prompt Response to Canadian Coast Guard
Seaspan Shipyardās long-standing relationship with the Canadian Coast Guard was proudly showcased in recent days, with simultaneous repair and maintenance work onā¦
DGS Marine Advises Fixed Premium P&I Cover
DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has highlighted the benefitsā¦
MacGregor's Hatlapa Brand is 95 Today
November 2014 marks the 95th anniversary of MacGregor's Hatlapa brand. Since its foundation in 1919 by German engineer Max Hatlapa, the formerly independent Uetersenā¦
Maersk to Introduce Low Sulphur Surcharge
To offset the additional cost incurred by switching to cleaner fuels in Emission Control Areas, as required by the new regulation, Maersk Line will introduce a new Low Sulphur Surcharge (LSS).
Rowan's Fleet Status Update
Rowan Companies plc informed today that its monthly report of drilling rig status and contract details have been updated as of November 20, 2014. Rowan Louisiana: As previously indicatedā¦
BSEE Responds to Explosion in Gulf of Mexico
The Bureau of Safety and Environmental Enforcement (BSEE) is responding to an explosion at West Delta 105 in the Gulf of Mexico, approximately 12 miles off the coast of New Orleans.
Pair of ASD Tugboats Delivered to Keppel-Smit
The ASD tugs KST Passion and KST Pride were were delivered to their owner, Keppel-Smit Towage Pte. Ltd of Singapore in October 2014. The two vessels are the first in the new RAmparts 3300AV series of tug designs by Robert Allan Ltd., and were constructed at the AVIC Zhenjiang Shipyard Marine Pte Ltd., Singapore at its facilities in China. On trials, both vessels met or exceeded all performance expectationsā¦
US Sets Import Duties on Containers from China
The U.S. Commerce Department on Thursday set duties on imports of rail and road transport containers from China after finding the goods were sold below cost in the United States. Under the department's preliminary decision, 53-foot domestic dry containers will face anti-dumping duties of up to 153.24 percent after a complaint from Stoughton Trailers. Some containers, including those produced by China International Marine Containers, face a lower 24.27 percent rate.
OW Bunker Bankruptcy has āLimited Impactā on Monjasa
Though OW Bunkerās collapse has varyingly affected many companies around the globe, Danish bunker fuel provider Monjasa A/S said in a statement that the news holds an āinsignificant commercial impactā for its business as the company has had only limited financial exposure towards OW Bunker. āFor Monjasa, the events have only very limited commercial effect. In our view, the worldwide bunker market should not experience any long-term problems absorbing the demand . . .
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
Shipowner Exmar Shelves IPO ... for Now
EXMAR (Euronext: EXM) said that due to unfavorable current capital market conditions, it is delaying the launch of the contemplated initial public offering (IPO)ā¦
