The International Maritime Organization (IMO) should not ratify the Ballast Water Management Convention if there is no realistic implementation schedule that recognises the timetable for US type-approved Ballast Water Management Systems (BWMS) to be available in sufficient quantities, international
Hong Kong-based port and terminal operator Hutchison Port Holdings Limited (HPH) plans to invest further USD 120 million into Oman International Container Terminal (OICT) by 2019, HPH’s Managing Director Eric Ip said during the GCC Supply Chain & Logistics Conference 2015 in Sohar. The project which
Following the Rickmers Group’s urgent request to Iranian authorities, a representative of the company has been allowed on Thursday to board Maersk Tigris that was seized by Iranian navy on Tuesday, April 28, the company said. There are 24 seafarers on board the vessel. “In his contacts with the crew
Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on October 13, 2014. The sale involved the transfer of Statoil’s 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (S
The world’s largest LNG producer Qatargas has officially inaugurated the Jetty Boil-Off Gas Recovery (JBOG) Project to recover the gas flared during Liquefied Natural Gas (LNG) loading at the six LNG berths in Ras Laffan Port. The JBOG Project will result in a 90% reduction in flaring at the six LNG
Seismic acquisition companies are the first to feel the consequences when the oil prices go down, as their customers, the oil companies, stop investing in new exploration projects, waiting for the oil prices to rebound. In line with this, seismic survey contractor Polarcus saw its 1Q 2015 revenues f
Container shipping arm of Danish Maersk Group, Maersk Line, is insisting that Maersk Tigris and its crew are released as soon as possible. Around 24 people are reported to be aboard the Marshall Islands-flagged containership that was intercepted in the Strait of Hormuz on Tuesday by Iranian patrol b
TAQA, the international energy company from Abu Dhabi, has appointed Grant Gillon as acting Chief Financial Officer following the retirement of Ryan Wong. Gillon, currently Executive Vice President Portfolio, will take up his new role effective from 1 May 2015. “Ryan leaves behind a strong finance t
The reason behind the seizure of the Maersk Tigris containership by an Iranian Revolutionary Guard naval patrol on Tuesday is said to be related to an alleged unresolved cargo claim. “We have been in contact with the Iranian authorities – the Ports & Maritime Organization. They informed us that the
TAQA, the international energy company from Abu Dhabi, has appointed Grant Gillon as acting Chief Financial Officer following the retirement of Ryan Wong. Gillon, currently Executive Vice President Portfolio, will take up his new role effective from 1 May 2015, the company informed. “Ryan leaves beh
Due to the lingering effects of labor issues on the U.S. West Coast, both Asia – U.S. West Coast and Transatlantic services’ performance deteriorated further in January – March 2015, Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) said in its On-Time Arrival Performance results. The compan
Danish Maersk Group has informed that the crew of the seized containership Maersk Tigris, chartered by Maersk Line, is safe. “We are in on-going contact with Rickmers Shipmanagement and are pleased to learn that the crew is safe and under the circumstances in good spirits. The well-being of the crew
United Arab Shipping Company (UASC) named its first LNG-ready ultra-large container vessel at Hyundai Samho Heavy Industries (HSHI), Mokpo South Korea today. With a loading capacity of 18,800 TEU, the DNV GL classed vessel M.V. ‘Barzan’ will be the largest in UASC’s fleet to date and will set new st
The Maersk Tigris container ship issued a distress call Tuesday morning after an Iranian Navy ship fired shots across its bridge and Iranian personnel boarded the commercial vessel, a Pentagon spokesman said. Army Col. Steve Warren told members of the Pentagon press corps that at about 2:05 a.m. Eas
