News

One of the architects of the International Bunker Industry Association’s (IBIA) Asian expansion, Singapore based Chong Kam Wah, has retired after six years as its regional manager. He had been overseeing the transition to the recently appointed regional manager Kwok Fook Sing, but will now no longer be involved in the day to day running of the association’s Singapore branch. He remains a non-executive director of the board of IBIA (Asia).

UK-based Martek Marine has significantly expanded the geographic coverage of its Navgard Bridge Navigational Watch Alarm system (BNWAS) installer network, following two day-long training sessions.

Supply chain services company APL Logistics, a unit of Neptune Orient Lines, said it has appointed two agencies to expand its presence in the Middle East. Iraq Transcontinental Shipping and Kuwait Transcontinental Shipping will enable customers of APL to utilise its full suite of services, via three locations -- Basrah in Baghdad

Stakeholders in Nigeria’s maritime sector have said that the huge potential and profit in the maritime industry will continue to elude the country, if urgent measures are not taken to rescue her maritime sector.

The Baltic Exchange's main sea freight index , which tracks rates to ship dry commodities, rose on Tuesday as firmer iron ore and coal buying in Asia boosted cargo deals done.

Avista has agreed to purchase power from First Wind's proposed Palouse Wind project in Washington, US.

The Public Utility Commission of Texas (PUCT) has selected Electric Transmission Texas (ETT) for the development of competitive renewable energy zone (CREZ) projects worth $1.4bn in west Texas, US.

Yingli Green Energy Holding has signed supply agreements with Huanghe Hydropower Development to supply a total of 110MW PV modules in China.

Defence procurement agency DGA has placed an order with DCNS for the third Barracuda-type nuclear-powered attack submarine for the French Navy.

Brazil’s Paranaguá and Antonina port authority Appa is planning 165mn reais (US$106mn) in work for Antonina port, a spokesperson from the authority told BNamericas.

Statoil has awarded the contract for construction of two new drilling rigs for use on the Norwegian continental shelf (NCS) to Songa Offshore.

The portfolio of orders of United Shipbuilding Corporation (USC) is currently $ 11 billion, the Corporation’s head said recently.

Maersk Drilling, a business unit within the A.P. Moller- Maersk group, has declared its option to build two ultra deepwater drillships at Samsung Heavy Industries in South Korea.

Marine solutions leader Offshore Marine Management (OMM) announces the launch of a new survey and subsea business this week, to cater for a growing demand from clients worldwide for the full range of subsea cable services to be available from the one supplier.

An unusual kind of ship is taking shape in the STX Finland shipyard in Turku, Finland. The Aura ll, due for delivery in spring 2012 for multipurpose operations in the Baltic Sea

The combined congestion of the dry bulk fleet at Australian, Brazilian, Indian and Chinese ports has risen during the last three weeks to exceed 57Mdwt. This is the highest level we have seen since January and is equivalent to over 10.50% of the entire dry bulk fleet,

The Council of the International Maritime Organization (IMO) has unanimously endorsed the decision of a Panel of Judges that the 2011 IMO Award for Exceptional Bravery

BP Plc will load a supertanker tomorrow bound for Singapore in the first fuel-oil shipment this month from Europe to Asia’s biggest oil-trading and storage center, shipping fixtures

An international group for seafarers’ concerns said the total costs of seafarer piracy in 2010 range from $7 to $12 billion.The One Earth Future Foundation’s (OEF)

By using OCIMF/Intertanko’s Virtual Arrival scheme, tanker owners and operators could save up to 25% emissions per year, BP Shipping said.At a launch last week in Brussels,