Statoil Appoints Hutton

Peter Hutton has been appointed senior vice president CFO investor relations and will report to chief financial officer Torgrim Reitan. Hutton is currently

Pemex Loses $4.4B in Q3

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Mexico's state-owned oil company Pemex reported a sharply deeper third quarter loss, nearly 50 percent larger compared to the same period last year, the

London P&I Club Warns on Failure to Preserve VDR Data

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The London P&I Club saidfailure to preserve Voyage Data Recorder (VDR) data in the event of an incident can compromise the owner’s position in the event of a claim.

Diana Extends Time Charter with A.P. Møller-Maersk

Diana Containerships Inc. (NASDAQ: DCIX)  has agreed to extend the present time charter contract with A.P. Møller-Maersk A/S, for its Panamax container vessel,

Russian Urals Crude Exports Down

Exports of Russian Urals crude oil are set to decline in November as domestic refineries are wrapping up maintenance work, a preliminary program showed on Friday.

Singapore Bunker Meter Mandate Targets 'Frothy Fuel'

Singapore, the world's biggest bunkering port, plans to end the so-called "cappucino effect" in ship fuelling through new meters designed to stop suppliers from short-changing customers,

Ezra Holdings Net up 10%

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Singapore-based offshore oilfield services firm Ezra Holdings Ltd's quarterly net profit rose 10 percent, with full year revenue rising to a record, powered

DP World Receives 1st Scheduled Vessel at New Terminal

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  DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

New Oil Field Found in British North Sea

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  GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block

Kalmar 5th Generation Gloria Reachstackers Enter US

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  Kalmar, part of Cargotec, is launching its highly acclaimed range of reachstackers, called Gloria into the Americas. The eagerly awaited launch follows

Foster Wheeler & MDM Engineering Merged

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   Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited

General Dynamics is Link Govt-level Security to Consumer Smartphone

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  General Dynamics C4 Systems recently received the Defense Mobile Classified Capability (DMCC) contract from the National Security Agency (NSA). As part of the contract,

Technip & Fluor Bag RAPID UIO Project

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  Technip, in a joint venture with Fluor, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn.

Gazprom to Counter Negative Global Market Trends

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  The Gazprom Board of Directors took note of the information on the Company's financial strategy under the conditions of negative trends in the global

Antwerp Port Achieves Highest Throughput

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The port of Antwerp handled a freight volume of 148,344,168 tonnes during the first nine months of this year. That’s 3.7% more than the same period last year.

Study: Lifting Crude Exports Will Not Raise U.S. Gas Prices

A highly anticipated study by the U.S. Energy Information Administration will show that domestic oil prices will not rise if the U.S. ban on oil exports is lifted,

Sea Dispute Sparks China Diplomat to Vietnam Visit

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China's top diplomat to visit Vietnam again amid sea dispute   China's top diplomat will visit Vietnam next week, China said on Friday, five months

New York, London Juxtaposed by New Maritime Event

On November 13, the newly formed New York Maritime Consortium, a coalition of leaders from New York Maritime Inc. (NYMAR), the Society of Maritime Arbitrators (SMA),

IBIA Welcomes MEPC Bunker Compromise

The compromise solution on the issue of ensuring bunker quality agreed at the 67th meeting of the IMO’s Marine Environment Protection Committee (MEPC

RCH Acquires Jenkins Hydraulic

Rio Controls & Hydraulics (RCH), a subsidiary of Rio Marine, based in Houston, Texas has acquired the assets of Jenkins Hydraulic, Inc. of Houston.  RCH currently offers steering,

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