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Carnival to Build Two New Cruise Ships with Fincantieri

File Image: A Carnivval Cruiseship underway at sea (CREDIT: Carnival)

Two new ships to be built for company’s Holland America Line and Princess Cruises brands will help meet growing demand for cruise vacations and enhance the fleet.   Carnival Corporation & plc announced

Israel Bolsters Navy to Protect Offshore Oil & Gas

An Israeli Navy boat patrolling in the Gulf of Eilat Israel (AdobeStock 067097)

Offshore energy platforms a potential target; Israel accepting bids on 24 new exploration blocks.   Israel is boosting spending on its navy to better protect offshore oil and gas deposits and secure

World Energy Trends: What’s New in Floating Production

Where FPSOs are Being Planned. (Source: IMA/World Energy Reports)

Oil pricing continues to hover in the mid-$50s, market confidence is slowly returning and the production floater fabrication market is stirring. A major order for a production semi was placed in early

Shipbuilding

Scorpio Tankers Secures $172m for Eight Vessels

Photo: Scorpio Tankers

Tanker carrier Scorpio Tankers has landed a loan deal for USD 172 million. The money will finance

Cosco Hands Over Salvage Vessel, Bulker

Image: Cosco Corporation Singapore

Cosco Corporation Singapore said that Cosco  (Dalian) Shipyard Group Co, a 51% owned unit of its

MTU Engines for Turkish SAR Vessels

Photo courtesy of Rolls-Royce

Rolls-Royce will supply MTU diesel engines for six new search and rescue vessels to be built by

Contracts

TGS Hires Polarcus for Europe

Polarcus Alima. Photo: Polarcus DMCC

Polarcus has received a letter of award from TGS-NOPEC Geophysical Company, a marine seismic data

Oil Workers Accepts Petrobras Wage Deal

The Brazilian oil workers' union has accepted a proposal from state-controlled Petrobras for a collective wage deal, the union said in a statement on its website on Thursday.

FirstEnergy to Shed Pennsylvania Gas Plants

FirstEnergy Corp said on Thursday it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a unit of LS Power Equity

Technology

Mercuria Introduces Blockchain to Oil Trading

Trading house Mercuria is working with banks ING and Societe Generale on the first large oil trade based on blockchain technology, as the tradition-bound oil industry tests out

Van Oord inks Offshore Windfarm Deal

Map Courtesy Van Oord

Van Oord has been awarded the contract for East Anglia ONE offshore windfarm by ScottishPower

TechnipFMC Begins Operations Post-merger

Image: TechnipFMC

TechnipFMC has begun operating as a unified oil and gas services company following completion of

Legal

HMM Acquires 20% Stake in Long Beach Terminal

 Photo: Total Terminals International

South Korean shipping line Hyundai Merchant Marine Co. (HMM) said it will buy a fifth of the

PA Town Approves Shell Petrochem Facility

The town council of Potter, Pennsylvania unanimously approved a conditional use permit late Wednesday allowing a unit of Royal Dutch Shell PLC to move forward with construction

Saudi's SABIC Keen on Exxon Mobil Venture

Saudi Basic Industries Corp (SABIC) remains upbeat on a proposed petrochemical venture in the United States with Exxon Mobil and a preliminary investment decision could be made

People & Company News

Skuld Hires Cargo and Marine Property Head

Paul Knighton. Photo: TT Club

Marine insurance provider Skuld announces the appointment of Paul Knighton as global head of

Tata to Invest in Swan LNG project

Image: Swan Energy Ltd

Tata Realty and Infrastructure Ltd (TRIL) is taking 10 percent stake in a Rs. 5,900 crore ($867

Global Marine Systems Awarded ACMA Contract Extension

Wave Sentinel at sea (Photo: GMS)

Global Marine Systems Limited announced has that it has been awarded the renewal of the Atlantic

Maritime Apps