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Board of OW Bunker Did Not Approve Credit Line That Caused Collapse

The unrecoverable credit granted Tankoil was never submitted to the board, let alone authorised by it, said Chairman Niels Henrik Jensen The post Board of OW Bunker Did Not Approve Credit Line That Caused Collapse appeared first on gCaptain Maritime & Offshore News.

APM Terminals Announces $1B Investment Plan into Ghana’s Tema Port

APM Terminals signed a Memorandum of Understanding (MOU) today with the Government of Ghana, representing a private investment in excess of USD $1 billion for the expansion of the container [...] The post APM Terminals Announces $1B Investment Plan into Ghana’s Tema Port appeared first on gCaptain Maritime & Offshore News.

Governor: Russia Will Have No Competitors in the Arctic

The Governor of Yamalo-Nenets Autonomous Region, Dmitry Kobylkin, presented the annual report on the situation in the autonomous region. "We have been confronted with new challenges.

Tracking Clouds for Smoother Solar Energy Delivery

  The Australian Renewable Energy Agency (ARENA) today announced $452,000 funding for Fulcrum3D to further develop an advanced cloud tracking system. ARENA

Ulstein Verft Ready for Big Scale Construction

Ulstein Verft’s largest vessel so far is under full production these days. Sections for hull 302, an offshore construction vessel for Island Offshore/Edison Chouest Offshore,

TransAtlantic Scrubber for SECA 2015

  TransAtlantic and Stora Enso have signed and started the installation of the first order of a new innovative scrubber that washes out sulphur oxides from

Drillsearch Appoints Simpson as COO

  Drillsearch Energy Limited today announced a further strengthening of its senior management team with the appointment of Mr Walter Simpson as Chief Operating Officer,

Awards for Fugro Geotechnical Engineers

Two members of Fugro’s geoconsultancy team have won prestigious international awards – one recently presented in London, UK and the second in Regina, Canada.

BEST Readies for Mega Ships

Hutchison Port Holdings Limited (HPH) subsidiary Barcelona Europe South Terminal (BEST), located at the Port of Barcelona, today held a ceremony for the arrival of three new Quay Cranes (QCs),

OAO Sovcomflot’s 9M/Q3 2014 Results

  OAO Sovcomflot (SCF Group) today reported results for the nine months and third quarter (Q3) ended 30 September 2014.   Nine months 2014 –

COSL Takes Delivery of New Semisub

  China Oilfield Services Limited saw successful delivery of the deepwater semi-submersible drilling rig COSLProspector it invested in and commissioned to build in Yantai, Shandong today.

Danish Crew Receives Bravery Award

This year’s “Award for Exceptional Bravery at Sea” is given to the crew from the DFDS ship BRITANNIA SEAWAYS. The award is presented by United

Lockheed Martin Opens Surface Navy Innovation Center

The Surface Navy Innovation Center (SNIC) has been opened by Lockheed Martin to support the development of new technologies for the U.S. Navy. The SNIC is a research,

Lynden to Provide Barge Service for Tulsequah Mine Project

Lynden Logistics, LLC signed a letter of intent with Chieftain Metals Corp. to provide barge services in support of the construction and production of the Tulsequah Mine in British Columbia.

Monjasa Buys Tanker from Eships

The Manjasa Group has purchased a tanker, M/T Eships Bainunah, from Abu Dhabi based Eships, the company announced today. The Turkish-built (2005), IMO-II, 8,

Canada’s Seaspan Turns to Turkish Shipyard for LNG-Fueled Ferries

Seaspan Ferries Corporation, a unit of Vancouver-based Seaspan Marine Corporation, says it has awarded a contract to Sedef Shipyard of Istanbul, Turkey for the construction of two LNG-powered ferries. The post Canada’s Seaspan Turns to Turkish Shipyard for LNG-Fueled Ferries appeared first on gCaptain Maritime & Offshore News.

SC Ports’ Container Volumes Up 17%

The South Carolina Ports Authority (SCPA) announced today that October volumes were up nearly 17 percent year over year, continuing a growth trend in container

Malaysian Navy Ship Sinks at Dock

A Royal Malaysian Navy hydrographic vessel partially sank while docked at a naval shipyard where it was scheduled to undergo maintenance and repairs. The post Malaysian Navy Ship Sinks at Dock appeared first on gCaptain Maritime & Offshore News.

Long-term Study May Reveal Deepwater Horizon Impacts

The Harte Research Institute (HRI) for Gulf of Mexico Studies at Texas A&M University-Corpus Christi will receive approximately $1.25 million over the next

Samsung Heavy Scraps Samsung Eng Takeover

Samsung Heavy Industries said on Wednesday it has decided to scrap a $2.5 billion stock deal to take over Samsung Engineering, potentially complicating restructuring

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