Nigeria is losing about USD 1.5 billion a month due to piracy, armed robbery at sea, smuggling, and fuel supply fraud as piracy and armed robbery in the Gulf of Guinea increase at an alarming rate, the UN Security Council was told at a debate on Monday. Since the start of the year at least […
UK-based wind farm support vessel (WFSV) owner and operator Iceni Marine Sevices has issued a visual status report on the construction of their 23-metre crew transfer vessel, Iceni Defender, being built by Alicat Workboats Ltd. in Great Yarmouth. Iceni Defender is a sister vessel of Iceni Venture an
UK-based wind farm support vessel (WFSV) owner and operator Iceni Marine Sevices has issued a visual status report on the construction of their 23-metre crew transfer vessel, Iceni Defender, being built by Alicat Workboats Ltd. in Great Yarmouth. Iceni Defender is a sister vessel of Iceni Venture an
Vessels built in China have a higher claims frequency than those of other major shipbuilding nations, according to an analysis of tanker, bulk and container vessels built in Asia in the period 2007-2015 conducted by the Nordic Association of Marine Insurers (Cefor). In 2015, shipyards in South Korea
VTG of Germany, in cooperation with Chart Ferox and Primagas on Monday said it has loaded an LNG tank car with liquefied natural gas at Brunsbüttel Ports’ Elbe port.
The Panama Canal plans to hold a draw on April 29 to choose the first vessel which will transit through the expanded canal upon its inauguration on June 26. The proposed vessel is required to not surpass a maximum beam of 49 meters and a maximum overall length of 366 meters. In addition, the maximum
Halliburton, the world’s second largest oilfield services provider, laid off six thousand workers in the first quarter of 2016. The company’s CEO Dave Lesar, said Halliburton was responding to the reality of the market, and “force-fit our employee headcount to available.” Lesar said: “This provides
By Ron Bousso and Karolin Schaps LONDON (Reuters) – BP said on Tuesday it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the year, when oil prices touched a near 13-year low. The British oil company, the first major to report on one of the [&
The second officer who admitted his actions were responsible for the death of a fisherman as a result of a ferry crash off Rosyth, Scotland, has been sentenced to 12 months in prison, reduced to eight months, according to UK Maritime and Coastguard Agency. Pasquale Miccio admitted on March 24, 2016,
Oil major BP sank to a first-quarter loss of $583 million, compared with a profit of $2.6 billion a year ago, less than two weeks after its shareholders voted against the hefty salary package for the oil giant’s chief executive. Back in February 2016, BP reported its worst annual loss in at least 20
Yamal LNG could wait beyond May to receive loans from Chinese banks according to the project operator’s CEO Leonid Mikhelson.
Former CEO of Cheniere Energy, Charif Souki has seen a sevenfold increase in total compensation in his last year as the chief of the Houston-based LNG player.
The Netherlands and Indonesia have signed a maritime collaboration agreement in an effort to strengthen ties in the field of port development, shipbuilding, and fishery logistics. The agreement between the two countries was signed by the Dutch Minister of Infrastructure and the Environment, Melanie
By 2021, all International Maritime Organization (IMO) registered passenger vessels sailing in the Baltic Sea will have to comply with the Annex IV of the MARPOL Convention related to sewage discharges from passenger ships, IMO agreed at the meeting of Maritime Environment Protection Committee (MEPC
