Political leaders of the world’s 20 leading industrial and developing nations took note at their economic summit of the devastating oil spill in the Gulf of Mexico in their concluding statement yesterday. The document recognized “the need to share best practices to protect the marine environment, pr
Genco Shipping & Trading Limited (NYSE:GNK) announced that it has entered into an agreement with Bourbon SA to acquire 16 Supramax vessels, including two newbuildings, from Setaf SAS, a wholly owned subsidiary of Bourbon SA, for an aggregate purchase price of $545m. The acquisition is subject to the
UAE-based Gulf Petrochem has awarded a subsidiary of Oman’s Renaissance Services a $45 million contract to build an oil storage terminal… [mappress] Source: business, June 28, 2010;
The Republic of Slovenia is positioning itself to be a gateway to Central and Southeast Europe, despite being up against stiff competition… [mappress] Source: maritimenews, June 28, 2010;
An analysis of South Australia’s northern zone rock lobster catches from 1970 to 2007 reveals that population declines during the 80’s and 90’s were masked by the expansion of the fishery brought on by new technologies. Fishermen were travelling further, using faster, planing-hulled vessels and glob
Port of Siuslaw’s turning basin will be dredged beginning as early as June 29 and last about one month. Boaters are reminded to exercise caution and maintain a safe distance when navigating around dredge operations during this period. In order to accommodate these around-the-clock dredging operation
Economic indicators such as trade flows, manufacturing production and consumer sentiment indicate the United States industrial sector is… [mappress] Source: hellenicshippingnews, June 28, 2010;
The Sri Lanka Ports Authority (SLPA) expects the Colombo port to contribute 40 percent to the national development within 10 years, when the… [mappress] Source: island, June 28, 2010
The country’s ports are demanding the federal and state governments fast-track approvals for channel dredging, warning that Australia’s… [mappress] Source: The Australian, June 28, 2010;
ENVIRONMENTAL groups are lauding the Sabah Government’s move of stopping a sand dredging operation along the ecologically sensitive… [mappress] Source: Star, June 28, 2010
Atlantic Sea Island Group is dropping a plan to build a liquefied natural gas terminal on an artificial island off the New York and New Jers… [mappress] Source: New Jersey On-Line, June 27, 2010;
AWE Limited advises that the Kahu-1 well started drilling at 0600 hours (NZ Time) on 28 June, 2010. The Kahu-1 well is an exploration well within PMP 38158, located approximately 3 kilometres east of the producing Tui oil field. Kahu-1 will test the Kapuni group sands within a large incised valley f
Today the annual General Shareholders Meeting of Gazprom was followed by a meeting of the Company’s newly elected Board of Directors. The meeting resolved to elect Viktor Zubkov, First Deputy Prime Minister of the Russian Federation as Chairman of the Gazprom Board of Directors. Alexey Miller, Chair
BG Norge AS, operator of production licence 297, is in the process of completing the drilling of wildcat well 1/3-12 S. The well is located about 30 km northwest of the Ekofisk field in the southern part of the North Sea. The purpose of the well was to prove petroleum in reservoir rocks in the [&hel
