China recorded a trade surplus of USD 47.3 billion in July 2014. The record high surplus came on the back of very strong export growth while imports contracted. The world’s second largest economy saw its overseas shipments increase by 14.5% in July as compared to same month last year, as reported by
Biggest jack-up in the world, first female director, video of offshore installation, bribery, project delays etc.
A cruise ship is a passenger ship used for pleasure voyages. The voyage is a part of experience, as well as the different destinations along the way. Transportation is not the prime purpose, as cruisers operate mostly on routes that return passengers to their originating port. There are even “cruise
Recent accident investigation reports suggest that merchant seamen continue to be injured during mooring and towing operations. “A clear plan of operation and good communications between the tug and tow, prior to operations commencing, will reduce much of the risk. Ship managers need to ensure the
Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a 70% jump in net profit to $ 46 million (AED 169 m) in the second quarter of this year, as compared to $ 27 million (AED 100 m) in 2Q 2013. The increase in revenue was due to increased production across [&hell
Egypt is looking to build a new Suez Canal parallel to the existing one in a USD 4 billion project aimed at boosting the trade along the Canal, which offers the fastest shipping link connecting Europe and Asia, according to Reuters. “This giant project will be the creation of a new Suez Canal para
The government of the Sultanate of Oman has invited interested companies to bid for five oil and gas exploration blocks. Of the blocks offered as part of the Oman Bid Round 2014 two are located offshore the coast of Oman, while three are onshore. In a statement of the website of The Ministry of Oi
A high oil price and global political unrest has led to a sharp spike in major oil and gas arbitration cases for settling complex multi-million pound legal disputes. Research by legal firm Pinsent Masons found a leading arbitration body had received double the number of energy related cases in 2013
Iranian Navy’s 30th flotilla has returned from a one-hundred day mission in the Gulf of Aden and the Indian Ocean. Navy Commander Rear Admiral Habibollah Sayyari has reported that the Iranian warships rescued five trade vessels attacked by pirates during the operation. “The 30th flotilla had five
New offshore contracts; EU-Russia sanctions; Indian firms looking to Malaysia; Brazilian platform on fire; Offshore jobs advice….
International Maritime Organization (IMO) Secretary-General Koji Sekimizu has backed call for enhanced action at all levels to mitigate the threats to the global oceans described in the recently-published report of the Global Ocean Commission (GOC), From Decline to Recovery: A Rescue Package for the
Australian Maritime Safety Authority (AMSA) has ceased search operations for a 41 year-old seafarer who fell overboard from the vessel MT Sigma Integrity in the early hours of the morning on Sunday 27 July 2014. On Sunday 27 July, AMSA was alerted to a man overboard from the Liberian registered oi
Looking for a long-term career in an expanding and exciting sector? The oil and gas business is the place to be right now and for the future.
USNS Richard E. Byrd (T-AKE 4), a Lewis and Clark-class dry cargo ship, rescued nine crew members from a Yemeni-flagged cargo vessel that had lost power, was taking on water and was adrift in the Gulf of Oman, on July 28, at approximately 9:00 a.m. local time. The crew from Asaed requested assista
