Beluga files for insolvency

IHS Fairplay reports that German project and heavy lift carrier Beluga has filed for insolvency protection for its core operating division Beluga Chartering after talks with its tonnage providers and banks failed. [Read More] Source: Offshore Shipping Onl...

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Enermech Inks North Sea Crane Services Deal with Todal

Mechanical engineering group EnerMech has been awarded a five year contract to provide a range of crane services for TOTAL E&P UK Limited. [Read More] Source: Offshore Energy Toda...

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Pertonas Secures UMMWs Naga 3 Jackup Rig for Malaysian Operations

Analysts are positive over UMW on news that it has received a contract from Petronas Carigali Sdn Bhd for the provision of its Jack-up Drilling Rig “Naga 3″ to Petronas’ domestic operations in Malaysian waters. [Read More] Source: Offshore Energy Toda...

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Tanzania container traffic seen up 10 pct in 2011

Container volumes handled by Tanzania's Dar es Salaam port are expected to rise by 10 percent this year after the port operator invested in new cargo handling equipment. Tanzania International Container Terminal Services (TICTS), a unit of Hutchison Port Holdings,...

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MOL upgrades North Europe - West Africa Service

MOL is upgrading its current ARN product to a fixed day weekly service between Europe and West Africa, with excellent connections via Antwerp for Asian and North American cargo. [Read More] Source: Marine Lin...

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Ship with Kenya arms sets sail

The ship carrying four containers of arms belonging to the Kenya military was released after being detained in Angola for two weeks, a shipping line officials said on Thursday.Korea Gas Corp., the world’s biggest buyer of liquefied natural gas, will divert 400,000...

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Korea Gas to Divert Up to 500,000 Tons of LNG to Japan

Korea Gas Corp., the world’s biggest buyer of liquefied natural gas, will divert 400,000 to 500,000 metric tons of the fuel to earthquake-hit Japan after a request by Japanese utilities. [Read More] Source: Bloomb...

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Amid crisis all over the world, OPEC tanker fixtures decline

With the Libyan crisis agrevating throughout the month February, OPEC spot fixtures declined by 0.96 mb/d or 8% in February from the previous month. According to the latest monthly report by OPEC, Middle East to West fixtures registered the only gain of 12% in...

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Lockheed Martin teams gets shipbuilding contract

Lockheed Martin Corp. said Friday a team it is leading has been awarded a U.S. Navy contract worth $376 million to lead an industry team that will build the nation's seventh Littoral Combat Ship, a small surface vessel aimed for operations close to shore. [Read...

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MS Oliva broken in two, caused environmental disaster

There is an awful scene around Nightingale Island with oil from the stricken MS Oliva eight miles offshore and more or less around the whole island. [Read More] Source: Sea N...

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The 175,000-tonne ship lifted up and dumped on the harbour-side like a bit of driftwood by Japanese tsunami

This is the 175,000-tonne ship that was lifted up by Friday's tsunami and dumped on top of a pier in Japan. The cargo ship lies on the dock promenade Kamaishi, more than a week after the huge surge of water tossed it about like so much driftwood. The stern of...

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Nido secures Atwood Falcon for well off Philippines

Nido Petroleum Philippines Ltd., Manila, will use the Atwood Falcon semisubmersible under a rig-assignment agreement to drill the Gindara prospect on the Service Contract 54B block off Palawan Island, the Philippines. [Read More] Source: PennEne...

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Statoil signs MoU with Thailand's PTTEP

Norwegian oil and gas firm Statoil (STL.OL: Quote) said on Friday it had signed a memorandrum of understanding on collaboration with Thailand's PTT Exploration and Production (PTTEP). [Read More] Source: Reut...

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Aker Solutions won Eldfisk EPC contract

Aker Solutions has signed an EPC contract with ConocoPhillipsto deliver the topside and bridges of the production platform for the Eldfisk 2/7 S, in the North Sea. The contract value is approximately NOK 5,5 billion. The contract award is subject to Norwegian...

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US approves third deep-water drill permit

The U.S. Interior Department said on Friday it approved a deepwater drilling permit for ATP Oil & Gas Corp (ATPG.O: Quote), the third such permit cleared by the government for the Gulf of Mexico since the BP oil spill last year. [Read More] Source: Reut...

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Dry-bulk rates may surge after Japan quake

Dry-bulk shipping rates may jump a few weeks after Japan’s strongest earthquake, based on patterns following the 1995 Kobe temblor, as reconstruction leads to higher demand for iron ore, cement and lumber. [Read More] Source: Manila Bulle...

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Some Japanese Ports Reopen

Some Japanese ports and airports affected by the devastating earthquake and tsunami that hit the northeastern part of the country on March 11 have reopened, according to the Ministry of Land, Infrastructure, Transport and Tourism. [Read More] Source: Journal of...

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Surveillance up in IOR, 174 vessels hijacked by Somali pirates

A total of 174 merchant vessels have been hijacked by Somali pirates in last three years and a few sporadic incidents have been reported off Lakshadweep, Defence Minister A K Antony said today. [Read More] Source: msn N...

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Japanese shipbuilders declare force majeure post-quake

Some Japanese shipbuilders have declared force majeure on delays of newbuilding deliveries in the wake of the earthquake and tsunami catastrophe. 
Steel materials and other marine equipment took a hit from the disaster. [Read More] Source: Seatrade A...

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US Navy Backs Northrop Grumman's Plans For Shipbuilding Spinoff

The U.S. Navy said it supports Northrop Grumman Corp.'s (NOC) plan to spin off its shipbuilding businsses and is finalizing negotiations toward awarding two ship-program contracts to the operation. [Read More] Source: Wall Street Jour...

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Firm invests £3m in Tyne shipyard

A SOUTH Tyneside yard has built a £3m quay in a bid to win new orders. The West Quay at A&P Tyne’s ship repair and fabrication yard at Hebburn [Read More] Source: Gaze...

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The Netherlands: Vroon Takes Delivery of IVER BEAUTY

Vroon  reports that today, Friday 18 March 2011, delivery took place of Iver Beauty, a 6,270-ton asphalt/oil/chemical tanker. The vessel has been constructed at the Hyundai Mipo Dockyard, Ulsan, South Korea and is the second in a series of four, scheduled...

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Chinese Shipbuilders New Orders Up 44.3%

Chinese shipbuilders completed 8.46 million DWT of shipbuilding orders in the first two months, down 7.8 percent year-on-year, reports yicai.com, citing a company filing. [Read More] Source: Capital ...

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Japan's Shipyards Remain Intact After Quake

Japan's major shipyards escaped the full impact of the March 11 earthquake and tsunami that struck the northeastern coast of the country with full force. An official at the Japan Ship Exporters' Association said the devastating natural disaster "will have no...

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Samsung soon pens cruiseship

The advance into the cruiseship market of Korea's Samsung Heavy Industries, which has been running on the spot, seems to be clinched within the first half of the year. [Read More] Source: Asia...

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