The Baltic Exchange's main sea freight index fell for a seventh straight session on Wednesday, as demand for shipping iron-ore fell in the Atlantic.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 1.6%, or 31 points, t...
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Germany Skeptical about Joining U.S. Hormuz Mission
Germany's Vice Chancellor and Finance Minister Olaf Scholz said on Wednesday he was very skeptical about a request by the United States to join a military mission for the Strait of Hormuz.Scholz told ZDF television that it was important to avoid…
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EFMS Install Uptick on Malaysian OSVs
Marine diesel power specialist Royston reports that it is working with a number of international oil companies (IOCs) operating in Malaysia to equip oilfield supply contract vessels (OSVs) with specialist electronic fuel management systems.In recent mo...
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After historic rocket launch, Chinese startup to ramp up missions
Beijing-based startup iSpace is planning up to eight commercial rocket launches next year, after last week becoming China's first privately funded firm to put a satellite into orbit, its executives told Reuters.
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KBR Wins Aramco Offshore Contract
American engineering company KBR, Inc., announced that it has been awarded a project management contract by Saudi Aramco to provide project management services for Saudi Aramco's offshore program.KBR will provide project management and engineering…
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GSP Offshore, Trident Black Sea Bid in Ukraine
GSP Holding company GSP Offshore SRL is the preferred drilling and engineering services provider of Trident Black Sea, in its bid for the right to negotiate a production sharing agreement (PSA) with the Ukrainian government for the offshore…
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TGES Wins Taiwan Terminal FEED Work
Tokyo Gas Engineering Solutions (TGES) has been awarded a deal by Taiwan's CPC Corporation (CPC) to conduct the front end engineering design (FEED) for an expansion project of its LNG receiving terminal at Yung An.According to a statement, TGES will ca...
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QinetiQ Supports Next Gen SAR Missions
British multinational defence technology company Qinetiq collaborates with the Maritime and Coastguard Agency (MCA) to investigate how drone technology can strengthen their Search and Rescue (SAR) missions.Small unmanned air systems are delivering disr...
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US LNG Exports to Europe Grow
U.S. exports of liquefied natural gas (LNG) have been growing steadily and reached a new peak of 4.7 billion cubic feet per day (Bcf/d) in May 2019, according to the latest data published by the U.S. Department of Energy’s Office of Fossil Energy.This ...
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Swiber Forms JV with Hilong Marine
Singapore offshore company Swiber Holdings' wholly-owned subsidiary, Swiber Offshore Construction (SOC) has entered into a shareholder's agreement with Hilong Marine Engineering (HME) to establish a joint venture company in Singapore.The shareholders…
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