Crude Oil

Gulf Marine Services (GMS) Reaches New 1-Year Low at $34.00

Gulf Marine Services (LON:GMS)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 34 ($0.48) and last traded at GBX 34 ($0.48), with a volume of 102047 shares trading hands. The stock had previously closed at GBX 35.60 ($0.50).GMS has been the topic of several analyst reports.

Edison Chouest Offshore Announces New Vessels, Port Facilities Expansion

The Edison Chouest Offshore (ECO) global family of companies, one of the industry’s largest, most diverse and dynamic marine transportation solution providers, announced plans to enlarge its sizeable fleet and expand its terminal facilities in support of its customer base.“Reacting to customer demands, ECO continues to lead the industry by designing…

Horizon still building and repairing workboats

Horizon Shipbuilding Inc. is working on a steady stream of new construction and repair projects, the company said on Wednesday. Horizon was forced to seek Chapter 11 bankruptcy protection late last year after cost overruns on two large contracts. But that hasn’t stopped the Bayou La Batre, Ala., shipyard from pushing forward.“Our…

Bahri's 'NCC Amal' transports first chemical shipment from Aramco Trading Company

Bahri, a global leader in logistics and transportation, announced the transportation of the first chemical shipment from Aramco Trading Company (ATC), a wholly-owned subsidiary of Saudi Aramco that trades refined, liquid chemical and polymer products, via NCC Amal, a 45,000 DWT Bahri chemical tanker which left Port of Rabigh heading to China.The shipment…

The Motorship | Almi VLCC newbuilds showcase green technology

Greek operator and ship manager Almi Tankers recently commissioned the 315,000dwt VLCC Almi Atlas into its fleet, the first of two newbuilds specified to a particularly high environmental standard. By David TinsleyThe South Korean-built crude carrier provides an early reference in her size category for IMO Tier III-compatible diesel propulsion machinery…

Saudi oil tanker Abqaiq resumes voyage after Tue's attack: cFlow - Shipping

Underwater Exploration Robots Market Size to Grow at a Steady Rate During Forecast Period 2017 - 202

Underwater exploration robots face a few limitations despite the numerous advantages they offer. Special care needs to be taken to ensure that water does not enter into the brain of the robot, while it is under water, else the robot can either malfunction or stop working. Furthermore, inconvenience in handling the robot…

Ever Judger Not Source of Balikpapan Spill and Fire: Officials

Screenshot from footage posted on YouTube said to be of Saturday's blaze. Officials Wednesday confirmed a spill and fire at the weekend in Indonesian waters off Balikpapan, Borneo was not caused by Panamax Bulk Carrier MV Ever Judger, with the country's state oil company Pertamina saying the source of the leak was a cracked underwater pipeline. "The pipe was found ... in a broken condition.

Four marine refuelling barges seized in Singapore over unpaid debt to Maybank

SINGAPORE: Four marine refuelling barges owned and operated by Vermont UM Shipping Pte Ltd were seized in Singapore on Monday night, according to the website of Singapores Supreme Court.Singaporean law firm Rajah & Tann seized the vessels over unpaid claims on behalf of its client, Malayan Banking Bhd (Maybank), said a…

Master who then became a broker

Per Mansson grew up in Kalmar, on Swedens eastern Baltic Sea coast, south of Stockholm.Kalmar was home to a seafaring training school, and the young Mansson came into contact with many who were heading for careers at sea.He started as a deckhand in 1970 and spent 10 years at sea earning his masters ticket, serving on a mixture of general cargoships, container vessels, reefers and a suezmax tanker.

Algeria: Impasse Over President's Plans Muddies 2019 Race

A constitutional change in 2008 removed term limits and opened the way for him to become president for life. A 2016 amendment reversed the move, limiting presidents to two terms. Since the two-term limit was not applied retroactively, Bouteflika can seek re-election one more time.Another unknown is who is running Algeria right now: Bouteflika…

DVIDS - News - Taking aim: 2nd Marine Division prepares for deployment

Smoke filled the air as Marines with 2nd Marine Division opened fire during a range training exercise in preparation for an upcoming deployment at Camp Lejeune, North Carolina, March 23-28, 2018. Marines assigned to the Maritime Raid Force took part in a close quarters tactics enablers course with Expeditionary Operations…

A Brooklyn Go-To for Beauticians and Butchers

We thought we could do better, Vinnie Bianco said.PhotoJoseph Solitario, 83, lives down the block. Every day, he stands behind the counter to help people. Ben Sklar for The New York Times He rattled off the range of store regulars: hairdressers, barbers, podiatrists, veterinarians, chefs, butchers, manicurists.Dont forget the sword swallower…

Fairlead shipyard may get city help after cleanup goes overtime

Newport News officials called it environmental remediation, but it was just "the big dig" for employees of Fairlead Boatworks and their boss, David Architzel.Architzel wore a hard hat Monday as he spread his arms to show the roughly 23,500 square feet of city property, leased by Fairlead, that a contractor dug to get rid of an environmentally hazardous chemical.

Iran backed Houthi attack on tanker in Red Sea is a terror act Coalition spokesperson

Jeddah: The Saudi-led coalition has welcomed the international condemnation of a Houthi attack on a Saudi Arabian oil tanker in the Red Sea, west of the Yemen's port of Al-Hudaydah. Coalition spokesman Colonel Turki Al-Maliki held a press conference to brief on the latest situation in Yemen, where he considered the Houthi…

Karoon takes step towards Santos development

Karoon Gas Australia is moving towards the development and production phase of its Santos basin assets off the coast of Brazil, which include the Echidna and Kangaroo oil discoveries.The Australian company revealed Tuesday it had submitted the final discovery evaluation report for Santos Blocks S-M-1037, S-M-1101, S-M-1102…

What Boeing-Saudi Latest Tie-Up Means for US Defense Majors - April 4, 2018

The Boeing Company (BA - Free Report) on Mar 30, 2018 announced that it has signed a Memorandum of Agreement (MoA) with Saudi Arabian Military Industries (“SAMI”) to form a new Joint Venture ("JV") worth $450 million. The JV will help to localize more than 55% of the maintenance, repair and overhaul (“MRO”) services for fixed and rotary-wing military jets in Saudi Arabia.Interestingly…

Industrial Safety Joins the Smart Revolution

A great change is occurring in the manufacturing sector – and the potential that it holds for industrial safety shouldn’t be ignored.That change is smart manufacturing. There are different global initiatives attached to this phenomenon like Industrie 4.0 and China Manufacturing 2025. However, they all revolve around two…

Crude oil storage tank leaks 4,200 gallons into Bay Jacques

A crude oil storage tank owned by Covington-based Summit Oil and Gas, LLC, leaked 4,200 gallons of crude oil into Bay Jacques, just south of Buras in Plaquemines Parish, the U.S. Coast Guard announced Wednesday (April 4).The leak was reported to Coast Guard officials at 11:54 a.m. Tuesday, and Coast Guard Marine Safety Unit Houma personnel immediately conducted an assessment of the spill…