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Hackers Demand $5M from Pemex

copyright Leo Lintang/AdobeStock

Hackers demanded about $5 million in bitcoin from Mexico's Pemex, they told Reuters on Tuesday, saying the state oil firm missed a special discount by not paying immediately after a cyberattack that fouled up the company's systems.The hack, which Pemex said it detected on Sunday, forced the company to shut down computers across Mexico,

MPC Capital Buys Stake in Albis

Pic: Albis Shipping & Transport

German shipping asset manager MPC Capital has acquired a strategic stake of 50 percent in compatriot tanker chartering company Albis Shipping & Transport.The Hamburg-based asset and investment manager informed that, Albis, led by Kim Moeller, operates a market-leading commercial platform for tankers of various sizes.

New ICS, OCIMF Guidelines for Polar Safety

Photo: OCIMF

Maritime trade between Arctic destinations and the rest of the world is expected to expand and an increasing number of ships are now undertaking voyages in polar waters. Technical developments in ship design and equipment continue to facilitate more and more ship operations in remote polar areas, despite

BHP: No Impact from Sanctions on China's COSCO

Adobestock / © Lidian Neeleman

The sanctions imposed by the United States on subsidiaries of Chinese state-owned group COSCO have not affected the world's biggest dry bulk shipper BHP , the mining company said, after carrying out due diligence to check.In one of the biggest sanctions actions taken by the U.S. government since its crackdown on Iranian oil exports,

Italy Police Search Shipbuilding Firms Linked to Fincantieri

File Image: Fincantieri

Italian finance police searched offices of several companies working for state-controlled shipbuilder Fincantieri, as part of an investigation into suspected corruption, fraud and worker exploitation, the prosecutor's office in Venice said on Wednesday.The prosecutor added in a statement that 34 people

Pirates Kidnap Four from Greek Tanker

The ELKA_ARISTOTLE / CREDIT © MarineTraffic.com

Pirates attacked a Greek oil tanker off the coast of Togo in the early hours of Monday and fled after taking four crew members as hostages, the West African nation's navy said, two days after a similar attack in the waters of neighbouring Benin.Of the missing crew members, two are Filipinos, one is Greek and one is Georgian,

Vens Pledge Funds for Argentine Shipyard to Finish PDVSA Tankers

File Image: The M/T PROTEO, a PDVSA tanker in dry dock. CREDIT: MarineTraffic.com

Venezuelan President Nicolas Maduro on Sunday pledged funds for a state-owned Argentine shipyard to finish building two long- overdue tankers for state oil company Petroleos de Venezuela, which is struggling with a diminished tanker fleet.Maduro, a socialist who has overseen a drastic economic collapse

Brazil Targets Greek Tanker in Pollution Probe

BOUBOULINA / CREDIT: MarineTraffic.Com / © Leo Noordzij

Brazilian investigators said on Friday a Greek-flagged ship carrying Venezuelan crude was the source of oil tarring thousands of kilometers of coastline over the past two months.While prosecutors and police did not name the vessel, a prosecutors' document obtained by Reuters identified the ship as the Bouboulina,

ECSA on Strategic Priorities for EU Shipping

Image: ECSA

The European Community Shipowners’s Association (ECSA) has published its new strategic priorities for 2019-2024, in line with the new cycle of the EU institutions where the European Parliament has just started its mandate and the European Commission's College is being composed.Entitled "Sailing

Offshore Wind: a Freshening Breeze?

AdobeStock_CREDIT Yauhen Suslo

July brought news about offshore wind. There was something for everyone: optimism, disappointment, and construction, too.Finally, starting with Dominion Energy’s Coastal Virginia Offshore Wind Project, a joint venture with Danish wind developer Orsted is underway. True, this is a small project – just

Naval Group, Fincantieri JV Named NAVIRIS

Photo: Naval Group

French shipbuilders Naval Group and Italy's Fincantieri announced the name of the 50/50  joint venture NAVIRIS.The name was presented during the recent Steering Committee held in Genoa (it meets every quarter alternatively in France and Italy) and is a new step in the strong collaboration between Fincantieri and Naval Group.

Fincantieri's French Shipyard Bid Gets EU Scrutiny

File Image of a Fincantieri Shipyard (CREDIT: Fincantieri)

Italy's bid to create a European industrial champion in the shipbuilding industry faces hurdles after EU antitrust regulators said Fincantieri's bid for Chantiers de l'Atlantique would significantly reduce competition.The European Commission said the deal between two global leaders in an

CSB: Chemical Leak Caused Fire at ITC Houston Terminal

The Houston, Texas Refining Complex (Credit: AdobeStock / © Irina K

The U.S. Chemical Safety Board (CSB) said on Wednesday that a fuel leak, possibly due to open valves and a running pump, set off a massive blaze at a Mitsui & Co Ltd petrochemical storage operation along the Houston Ship Channel in March.The fire that began on March 17 at Intercontinental Terminals Co (ITC) spread black smoke across Houston,

USMI, Brunswick Enter into MOU

USMI Logo.jpg

United States Marine, Inc. (USMI) and Brunswick Commercial and Government Products (BCGP) are pleased to announce they have entered into a Memorandum of Understanding to explore potential business opportunities.USMI and BCGP have a history of providing our warfighters with mission proven vessels to help ensure our troops come home safely.

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