The Republic of Singapore Navy (RSN) has reported that one of its Fearless-class patrol vessels disrupted a sea robbery on a Malaysian-flagged tugboat Permata 1 in the eastern approaches of the Singapore Strait in the morning hours of Tuesday, September 1. RSN also said that in close collaboration w
The Republic of Singapore Navy (RSN) has reported that one of its Fearless-class patrol vessels disrupted a sea robbery on a Malaysian-flagged tugboat Permata 1 in the eastern approaches of the Singapore Strait in the morning hours of Tuesday, September 1. RSN also said that in close collaboration w
LNG player BG said that the $70 billion takeover offer for the company to be made by oil and gas giant Shell has received unconditional merger clearance from the European Commission. The approval is one of the five regulatory clearances that are pre-conditions to the combination and this is the seco
Pétrolia informed that a letter has been signed confirming that Ressources Québec intends to invest, as an agent of the Quebec government, in Pétrolia’s share capital with a private placement totalling $3.8 million for the first phase of the Bourque LNG project.
Impending fleet growth is expected to reduce the product tanker market’s earnings over the medium term impacting the healthy returns the market enjoyed in recent years, according to Drewry’s Product Tanker Market Annual Report 2015. The widespread switching of trade by product/chemical tankers (swin
Impending fleet growth is expected to reduce the product tanker market’s earnings over the medium term impacting the healthy returns the market enjoyed in recent years, according to Drewry’s Product Tanker Market Annual Report 2015. The widespread switching of trade by product/chemical tankers (swin
At least 11 people have lost their lives on Wednesday when two boats capsized carrying migrants from Turkey to Greece. As Turkish media reports, the first accident took place when a boat carrying 16 Syrian migrants sunk leaving seven people dead. Four people on board have been rescued and five are s
A cargo ship carrying an undocumented shipment of weapons to Libya was arrested yesterday some 20 nautical miles south of the town of Ierapetra, Crete, the Hellenic Coast Guard (HCG) reports. The HCG’s offshore patrol vessel intercepted the freighter en route from Iskenderun (Alexandretta), Turkey,
A cargo ship carrying an undocumented shipment of weapons to Libya was arrested yesterday some 20 nautical miles south of the town of Ierapetra, Crete, the Hellenic Coast Guard (HCG) reports. The HCG’s offshore patrol vessel intercepted the freighter en route from Iskenderun (Alexandretta), Turkey,
Idling of containerships across the global fleet has soared to new high in 2015 reaching 500,00 TEU capacity mark, according to the latest data provided by market analyst Alphaliner. The increased idleness of containerships across the board has been attributed to softening of charter rates that cont
Idling of containerships across the global fleet has soared to new high in 2015 reaching 500,00 TEU capacity mark, according to the latest data provided by market analyst Alphaliner. The increased idleness of containerships across the board has been attributed to softening of charter rates that cont
As part of 3rd Offshore Summit, an exhibition on the subject of offshore wind was held. Well-known companies from the energy sector presented their work and current projects. “The exhibition is the ideal platform for citizens to ask all their questions to the experts of participating companies. Inte
As part of 3rd Offshore Summit, an exhibition on the subject of offshore wind was held. Well-known companies from the energy sector presented their work and current projects. “The exhibition is the ideal platform for citizens to ask all their questions to the experts of participating companies. Inte
Oil & Gas UK on Wednesday formally announced the launch of the Efficiency Task Force (ETF), a group tasked with driving improvement, making the sector more competitive, and supporting the drive to maximise economic recovery from the UK continental shelf. The announcement took place at a meeting of t
