Strike at Ningbo Port Turns Violent A massive strike by as many as 10,000 truck drivers at Ningbo’s Beilun Container Port erupted into violence on August 20, as protestors clashed with riot police and smashed the windshields…Read more Engine-Room Fire Disables Tanker, Kills One Crewman U.S. Coast Gu
Two platform evacuations, Gulf of Mexico lease sale, new rigs in Scotland and Qatar, huge FPSO deal, big oil discovery in Australia…
“Dukhan” is a high specification rig built to Keppel’s proprietary KFELS B Class design.
Danish shipping giant Maersk Line has cemented its top rating as most reliable line company, according to maritime analyst SeaIntel’s midyear review. According to the review, during the second quarter, the overall industry reliability has improved. However, there is a widening gap between industry p
The International Labour Organisation ILO marks a year since the Maritime Labour Convention, 2006 entered into force worldwide on August 20, 2013. The MLC, 2006 provides comprehensive protection at work for seafarers. ILO TV travelled on board a container vessel to hear first-hand from seafarers wha
APM Terminals delivered an increased profit of USD 223m (USD 179m 2Q 2013) and a return on invested capital of 14.2% (12.8%) in the first six months of 2014. Terminals becoming fully operational, as well as new terminals added to the portfolio supported the 8% growth in volume. More than 80% of EBIT
BSR’s Clean Cargo Working Group’s 2014 “Global Maritime Trade Lane Emissions Factors” report—which provides data from more than 2,900 ships, representing around 85 percent of global ocean container capacity—indicates that average carbon-dioxide emissions for global ocean container transport have dec
Topaz Energy and Marine , an offshore support vessel company, has announced a US$75 million new equity investment in the business from Standard Chartered Private Equity (“SCPE”), one of the world’s leading emerging market private equity investors. Under the terms of the investment, SCPE will inject
Lloyd’s Register has launched its new Rules for Offshore Units in one single document following an in-depth consultation with industry. It signals a move by the world’s oldest classification and certification society, to modernise the way in which Rules and their guidance notes are presented to indu
Sea Triumph, a tanker chartered by LITASCO (an international marketing subsidiary of OAO LUKOIL), left the port of Basra in southern Iraq with a load of crude. This is the first batch of oil in reimbursement of the costs incurred by LUKOIL as part of the West Qurna-2 project. The shipment is one mil
On 7 August Qatargas delivered the first cargo of Liquefied Natural Gas (LNG) to China National Oil Corporation’s (CNOOC) Hainan LNG terminal located in the Hainan province. The cargo arrived aboard a Q-Max class LNG vessel Rasheeda and it will be used to commission the new LNG terminal, owned byCNO
SBI Offshore Limited has secured a US$24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 meters. SGX Catalist-listed SBI Offshore said its wholly owned subsidiary, SBI O&M Pte. Ltd., signed the contract with a Middl
Although the Caribbean market for Aframaxes has taken a precipitous tumble last week, other tanker segments have maintained healthy spot rates suggesting that vessel oversupply could be moderating in the general sense, Poten & Partners reports in their latest ‘Tanker Opinions’. “Since ordering momen
Lilly Johanne Capsizes in Turkey Lilly Johanne, a live fish carrier, capsized in Celiktrans shipyard in Tuzla, Turkey, on August 7, iLaks reports …Read more Poland Eyes Canal Construction to Evade Russian Waters Polish authorities have revived plans to build a canal in order to connect the Baltic Se
