The expanded Panama Canal is set to open on June 26, 2016, according to the Panama Canal Authority.
A 1980-built general cargo ship KM Bunga Melati XV sank in the port of Tagulandang in Indonesia in the afternoon on March 22, local media reports. The vessel, owned by Pertamina Persero, reportedly hit a reef while approaching the port’s dock and suffered a breach in its hull. The ship subsequently
Teekay, a marine energy transportation, storage and production company, has reportedly handed out pink slips to 28 employees in its office in Trondheim, Norway. According to Dagens Næringsliv (DN), Norway’s business newspaper, Teekay is reducing its workforce in Trondheim by 28 positions due to lowe
Being the most profitable shipping industry at the moment, tankers are expected to experience a further rise in the third and fourth quarters of 2016, however, according to IHS Maritime & Trade, the tanker industry could have already seen its peak. Namely, significant growth of the tanker fleet was
The severely damaged bulk carrier Sparna was taken up the Columbia River to the North Kalama, Washington pier, yesterday afternoon, the United States Coast Guard said. The 623-foot grain bulk carrier, started the transit from its anchorage near river marker 36 with the assistance of two tugs and a C
Chinese natural gas distribution company, ENN Group, will become the largest shareholder in the Australian independent energy company, Santos, after buying $750 million-worth of stake in the company. ENN Group’s subsidiary, ENN Ecological Holdings, will acquire Hony Capital’s 11.7% share in Santos f
Fishermen’s Energy has asked New Jersey Governor Chris Christie to sign the bill S988, and thus open the way for job creation in the offshore wind industry. Ten days ago, the bill, which requires New Jersey Board of Public Utilities (BPU) to provide new application periods for qualified wind energy
The latest U.S. Gulf of Mexico lease sale has attracted $156 million in high bids for 128 tracts covering 693,962 acres in the Central Planning Area of the Outer Continental Shelf offshore Louisiana, Mississippi and Alabama. This, combined with no bids for the Eastern Gulf Sale, translates into one
ENN said on Wednesday that it will acquire Hony Capital’s 11.7 percent share in the Australian LNG player Santos, for US$750 million.
(Updated with a statement by Inpex on Thursday, 24.3.) Inpex-owned multi-billion Abadi FLNG project has suffered a huge blow after Indonesia on Wednesday decided to move the project onshore. The decision to move the giant LNG project proposed by Inpex and Shell from offshore to onshore was announced
NOAA and the U.S. Navy have announced the discovery of the USS Conestoga (AT 54) in the Greater Farallones National Marine Sanctuary off San Francisco, 95 years after the Navy seagoing fleet tugboat disappeared with 56 officers and sailors aboard. “After nearly a century of ambiguity and a profound
The expanded Panama Canal will be officially inaugurated on Sunday, June 26, 2016, the Panama Canal Authority (ACP) announced today. The announcement was made this morning during the inauguration ceremony of the canal’s Scale Model Maneuvering Training Facility, intended for pilots and tugboat capta
Trade union Nautilus International has called on all members, maritime professionals and their families to support to a call for the UK government to do more to back North Sea seafarers who are facing increased redundancies. Nautilus represents more than 22,000 maritime professionals in the UK, Neth
Nobelwind has announced the beginning of construction works for Belgian Nobelwind offshore wind farm, also known as Belwind 2 or Bligh Bank II. The first activities will be performed in the port of Oostende, on the REBO site, where the first foundation components are expected to arrive today (March
