News

Oceanteam Shipping ASA confirms the extension of a bareboat charter with Fugro TS Marine Australia for the CSV Southern Ocean until end 2015.

Despite the recent plunge in the price of the energy source, the U.S. Energy Information Administration projects that natural gas generation will remain secondary to coal-fueled generation, according to UPI.

Siemens has received the German Industry's Innovation Award in the large companies category. The award was won by the Siemens H-Class gas turbine, which holds the world efficiency record at 60.75 percent in combined cycle duty.

Helix Energy Solutions Group, Inc. announces that it is proceeding with the construction of a newbuild semisubmersible well intervention vessel.

TITAN Salvage, a Crowley Maritime Corp. company, has been awarded a contract to serve as the commercial marine salvage and engineering support contractor for the Naval Sea

Incat Crowther announces a contract to design a 45m Catamaran Ferry for Costal Fast Ferries, the fourth vessel to be designed by Incat Crowther for the operator.

Secretary of the Navy Ray Mabus announced Feb. 15 the next five Navy ships; three Arleigh Burke-class guided-missile destroyers,

Drewry Maritime Research’s latest Tanker Forecaster report looks at how surplus tonnage is placing a burden on crude tanker freight

A new state of the art global anti-piracy centre has been unveiled in Portsmouth, helping Shipowners and Charterers to save hundreds of thousands of pounds on Maritime Security.

Elliott Bay Design Group (EBDG) won a contract to design a new 150 ft. steel ferry for the Beaver Island Transportation Authority.

The U.S. Nuclear Regulatory Commission has issued three violations to the Palisades nuclear power plant. One violation is for a “substantial safety significance” issue and two others are for a “low to moderate safety significance” issue.

Already China's and Asia's largest oil refining company, China Petroleum and Chemical Corp, broadly known as Sinopec, recently announced plans to dramatically expand its oil refining plant in the Xinjiang region, according to Reuters.

VAALCO Energy, Inc. (NYSE: EGY) today provided an update on the company's working interest in Block 5 offshore Angola.

This May, industry professionals from more than 50 countries are set to gather at the Svenska Massan in Gothenburg for RORO

Jensen Maritime Consultants, a Crowley Maritime company, has been chosen to design one of the world’s largest freezer longliner fishing vessels for Alaska fishing company Alaskan Leader Fisheries LLC.

Kerch based Zaliv shipyard has renewed its cooperation with company Damen Shipyards Bergum. By the order of this company the yard will build two highly outfitted hulls of platform supply vessels of project PSV 3300.

John Fredriksen, the world’s 72nd-richest person according to Forbes magazine, has bought new vessels for approximately $610 million.

CUB Energy Inc. ("CUB", or the "Company") (TSX VENTURE: KUB.V), an international upstream oil and gas company, is pleased to refer to the news release of Kulczyk Oil Ventures Inc.

Reinforcing its position as a major supplier to Turkey’s growing private power sector, GE (NYSE: GE) has secured contracts to supply equipment and services for a new gas-fired power plant in the Erzin district of southern Turkey.

The U.S.-Israeli consortium developing the Tamar natural gas field off Israel's coast said on Sunday it had signed a 15-year deal to supply an Israeli power plant operator with an estimated $680 million worth of gas.