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West Coast Port Talks Clear Hurdle

Photo: Pacific Maritime Association

Shipping companies and the union for 20,000 dockworkers at nearly 30 U.S. West Coast ports have cleared a major hurdle in their protracted labor talks, clinching a tentative deal on the maintenance and control of cargo chassis,

Bollinger Promotes Remont to VP

Chris Remont, Vice President and General Manager, Lockport New Construction division (BLN).

Bollinger Shipyards President and CEO Ben Bordelon announced today another key internal promotion designed to enhance the strategic value of the Company.   “I am pleased to announce the promotion of

Global Gas Prices Converge After Five Years

Graphic: Reuters

U.S. natgas prices have remained low due to domestic shale boom; Asian LNG prices soar post-Fukushima; rising China demand. Global benchmark prices for natural gas have converged to their closest in five years,

Shipbuilding

DSME Building 5 Icebreaking LNGCs for Yamal

Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) is building five large Arctic Liquefied Natural Gas Carriers (LNGCs), for which it has LNG ordered membrane

Ecochlor BWTS Chosen for 8 New Bulkers

Image: Ecochlor

Times Navigation, Inc. has selected Ecochlor, Inc. to provide ballast water treatment systems

Signal Ship Repair Achieves OSHA Milestone

Photo courtesy of Signal Ship Repair

Signal International announced that on December 31, 2014, the Signal Ship Repair Operations

Contracts

USACE Barges, Tugs Up for Repair

Photo: Great Lakes Shipyard

The United States Army Corps of Engineers (USACE) Buffalo District has awarded a repair contract

BG Signs Oil Contractor Deal with KBR

Oil and gas producer BG Group has signed an agreement with oil services company KBR to hire skilled contractors for its large-scale projects at short notice

CA Gasoline Sales Push Oil Demand

Motorists in California purchased more gasoline in October 2014 than any corresponding month since 2007, according to state tax records, confirming the renewed growth in U.S.

Technology

Two Output Streams from One Video Input

Image courtesy of Sensoray

Sensoray Model 2453 IP Video Server for Ethernet Streaming for unmanned underwater and aerial

Wärtsilä Propulsion Solution for 3 Tugs

Wärtsilä 34DF

Three large new escort tugs contracted by Norwegian operator Østensjø Rederi, will feature

Oman to Implement Maritime Communications Network

Image: Oman Maritime

Oman to roll out the national maritime communications network along its lengthy coastline soon

Legal

Fugitive Treasure Hunter Arrested in Florida

An Ohio man who recovered as much as $400 million in gold from a shipwreck has been arrested in Florida after two years on the run and was scheduled to appear in federal court on

Yinson Wins $2.5 bln Ghana Oil & Gas Contract

Yinson Holdings Bhd , Malaysia's oil and gas services firm, said on Wednesday it secured a $2.54 billion floating production, storage and offloading (FPSO) vessel charter

Shell Inks Iraqi Petrochemicals Plant Deal

Royal Dutch Shell signed deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday.

People & Company News

Exxon Mobil Declares First Quarter Dividend

Exxon Mobil Corporation’s board of directors declared a cash dividend of 69 cents per share on the Common Stock, payable on March 10, 2015 to shareholders of record of Common

Continental CEO: Oil Market to Show Signs of Rebalancing Midyear

Harold Hamm (Photo courtesy of the Harold Hamm Diabetes CEnter)

Continental Resources Inc Chief Executive Harold Hamm predicted on Wednesday that signs of a

Hess Profit Misses Estimate as Oil Prices Slump

Photo: Hess

Oil and natural gas producer Hess Corp posted a lower-than-expected profit on Wednesday