Bulk carrier identified as China Star 107 that went missing for four days sank in East China Sea, according to the latest update from Fujian maritime rescue center, cited by local media. Namely, the search and rescue teams that were looking for the missing bulker have identified a wreck that is conf
Mexican navy in coordination with the Tax Administration Service, seized a total of 173.17 kg of cocaine inside a container that was aboard Portuguese-flagged boxship Mataquito while in the port of Manzanillo. The drugs was found on January 7th stacked in 150 packages in three black suitcases, the n
The Port of Prince Rupert, in British Columbia, projects that its fully-realized development plan could generate almost 5,000 new jobs in northern British Columbia directly related to port activity. Using a model derived from project proposals and land use plans, the forecast quantifies the potentia
Responding to the reports that the construction of the USD 10 billion Bagamoyo port, the largest port in East Africa, will be suspended, the government of Tanzania said that the construction will continue, according to local media. The government confirmed that the project is scheduled to start in J
LNG engineer Bechtel informed all three of the Curtis Island liquefied natural gas projects are operational following the first cargo shipped from Australia Pacific LNG plant on Saturday.
Aibel, a Norwegian service company for the oil and gas industry, has reportedly decided to trim its workforce some more. The company which in the past two years cut its headcount by more than 700 workers due to spending reductions by the oil companies, will lay off a 100 workers more, Stavanger’s Af
The Baltic Dry Index has hit a new low having plunged for another 14 points on Monday, January 11 tumbling down to 415 and thus continuing a rough year start for the dry bulk shipping market. The new record low comes in less than a week since BDI dropped by five points reaching its lowest level [&he
The Rix Leopard, the latest wind farm workboat to the Rix Sea Shuttle fleet, was introduced to the water on 15th December at a launch ceremony at the Piriou shipyard in Vietnam. The small ceremony took place with the shipyard personnel and the team who are building the vessel. Rix Sea says that prog
Ithaca Energy, a North Sea oil and gas operator, has signed a sale and purchase agreement with Total E&P UK to acquire a 20% non-operated interest in Licence P363 (block 30/1c), in the UK North Sea, effective July 1, 2015. The licence is operated by BP plc and contains approximately 80-90% of the Vo
Globally some 250,000 jobs have been cut in the oil and gas industry, Bloomberg recently published, quoting Houston based industry consultant Graves & Co. More than 1,000 rigs now lay idle and the industry has reduced its spending by more than USD 100 billion this year to cope with oil prices that h
A strong partnership has resulted in the development of a new wind turbine technology, which could mean a leap forward in blade control and cost reduction. Leading Danish wind industry players and the scientific community have joined forces to develop the iRotor technology, a solution which uses wir
Serimax, a Vallourec subsidiary, a company providing offshore & onshore welding solutions, and Technip, France’s engineering and construction company providing services for the energy industry, have signed an agreement in principle in order to achieve a strategic partnership in the domain of pipelin
JFD has opened two new offices in Glasgow and Bristol, UK. The new office at Pacific Quay in Glasgow will support JFD’s global headquarters in Glasgow. Giovanni Corbetta, Managing Director, JFD said: “With a number of significant contract wins and acquisitions, 2015 been a highly successful year for
Conductor Installation Services (CIS), an Acteon company, has completed its second conductor installation operation during the last 12 months for a North Sea oil and gas operator. Work was carried out on a gas development project in the Southern North Sea. CIS installed six 30-inch conductors on the
