Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, the latest survey by international accountant and shipping consultant Moore Stephens reveals. The survey is based on responses from key players in the international shipping industry, predominantly shipowners
Qatar’s Nakilat reported a QR 693 million net profit for the first nine months of 2014, a 25% rise compared to the same period in 2013.
The articles you have read the most this past week include an article on tragic death of Total CEO; the death of two workers offshore Malaysia; Baker Hughes joining the Bentley field development group; new CEO appointment at Noble Energy; contract extensions for two Ocean Rig’s drillships; new disco
Failure to preserve Voyage Data Recorder (VDR) data in the event of an incident can compromise the owner’s position in the event of a claim, according to the London P&I Club. The club said that there have been instances where masters have failed to perform the steps required to preserve VDR data, or
Dana Gas said it has received a total of $83 million in collections in the last few weeks. The company received $47 million against its receivables in Egypt, $36 million of which is in local Egyptian Pounds earmarked to settle overdue payables to service providers to its Egyptian operations. The bal
IMO’s Marine Environment Protection Committee (MEPC) approved the Third IMO GHG Study 2014 providing updated estimates for greenhouse gas emissions from ships at its 67th session from 13 to 17 October 2014, at IMO Headquarters in London. The Third IMO GHG Study 2014 estimates that international ship
The ‘Meeting of Experts on Maritime Occupational Safety and Health’ held in Geneva, October 13-17, resulted in a set of guidelines to assist governments to implement occupational safety and health provisions previously set down in the Maritime Labour Convention, 2006 (MLC, 2006). Intended to provide
Nordic Maritime, an offshore service operator, today announced a five year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy, the international energy provider. “At Nordic Maritime, we are delighted to have won this long term charter contract directly
The outbreak of Ebola in Western African countries has hit the headlines. Ebola is a disease of humans and other primates caused by ebola viruses. Signs and symptoms typically start between two days and three weeks after contracting the virus, with a fever, sore throat, muscle pain and headaches. Th
The IMO’s Marine Environment Protection Committee (MEPC) adopted measures to help accelerate the entry into force and implementation of the key international convention designed to eradicate the global spread of harmful organisms in ships’ ballast water at its 67th session (13 to 17 October 2014). “
During the annual IGU meetings in Berlin, Yemen’s application for Charter Membership was accepted. The IGU annual meetings which took place last week in Berlin, Germany, were attended by Yemen LNG as the main and only LNG entity representing the country. This has been a result of the strong support
Canadian and Australian companies have voiced their readiness to invest in Iran’s gas sector, director of the specialized committee of investment at NIGC, Asghar Soheilipour, said. Soheilipour said the Australian company is handling the executive affairs of projects while the Canadian firm is an inv
India has approved the plan to take part in the development of Iran’s Chahbahar port, a move seen as an attempt to bypass Pakistan and give India a sea-land access route into Afghanistan through Iran’s eastern borders. India plans to float a company which will lease two fully constructed berths in C
The partners in the Tamar gas field, offshore Israel, signed a letter of intent to supply gas to Dolphinus Holdings of Egypt. “The parties confirmed their intention to carry out exclusive negotiations on an agreement for the supply of natural gas from the Tamar Project to Dolphinius using the existi
