[ad_1] Royal Boskalis Westminster and its co-shareholder Kotug International have signed a letter of intent for the sale of Kotug Smit Towage to Boluda Group. Kotug Smit Towage is valued at EUR 300 million ($341 million), Boskalis expects to receive approximately EUR 90 million ($102 million)...
[ad_1] Australia's Labor Party leader Bill Shorten had committed to a government-owned national fuel reserve. Currently in opposition, Shorten is bringing the topic into political debate ahead of a federal election this year. Shorten said a consultation process would be established with industry, oil and gas...
[ad_1] On the bright early evening of February 13, against a backdrop of freshly fallen snow on the local mountains, the two new RAstar 3200 escort tugs SST Grizzly and SST Orca for SAAM SMIT TOWAGE CANADA Inc. (SST Canada) were the toasts of a blessing ceremony in Vancouver Harbour. Designed by...
[ad_1] In a further confirmation of the potential of Cyprus' offshore reserves, ExxonMobil announced Thursday that it has found a large new natural gas field in Cypriot waters. The resource is the third-biggest find since 2017, and it holds an estimated five to eight trillion cubic...
[ad_1] The Spanish port of Ferrol has hosted LNG bunkering operations for the first time in its history. Two bunkering operations were performed last weekend on the outer jetty where small and medium-sized cruise ships usually dock when they visit the city. The ships bunkered were...
[ad_1] The Green Cruise Port – Sustainable Development of Cruise Port Locations project completed an action plan for Baltic Sea cruise ports including options for the Latvian port of Riga. The project was financed from the European Regional Development Fund, and its purpose was to unite...
[ad_1] Chinese President Xi Jinping met with Mohammed bin Salman Al Saud, Saudi Arabia's crown prince, at the Great Hall of the People in Beijing last Friday. "The two countries should speed up the signing of an implementation plan on connecting the Belt and Road Initiative...
[ad_1] U.S. President Donald Trump said on Sunday that he would delay his planned increase in tariffs on Chinese goods after “productive” talks in China. Trump had planned to raise tariffs on $200 billion of Chinese goods from 10 to 25 percent on March 1...
[ad_1] A.P. Møller - Maesk has initiated the demerger and separate listing of Maersk Drilling Holding. The decision to do so was made in August in last year, and the shares in Maersk Drilling Holding and its subsidiaries will be contributed to a new company with...
[ad_1] On Friday, Crowley Maritime christened its second LNG-fueled con/ro, Taíno, in a ceremony at its terminal in Puerto Rico. The first, El Coquí, entered service last year. “We are thrilled to christen this magnificent new ship here with our employees, customers and people of Puerto...
