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Obama Offers US Aid to S.Korea Following Ferry Accident

Photo courtesy South Korea Coast Guard

U.S. President Barack Obama on Thursday expressed condolences to the families of the victims of the South Korean ferry sinking and said the U.S. military will provide the country with any help it needs to perform rescue operations.

Damen Lays Keel for Indonesian Naval Frigate

Photo: Damen

In accordance with the agreed planning in the contract for the construction of a Damen SIGMA Frigate for the Indonesian Navy, the keel laying ceremony has taken place on April 16, 2014 at the PT PAL (Persero) Shipyard in Surabaya, Indonesia.

NATO Ships Sail to Baltic to Defend Allies

NATO and Ukraine navy worked together late last year in the fight against piracy. Pictured is the Ukrainian Frigate Hetman Sahaidachny. Photo Courtesy NATO

NATO is sending part of its naval rapid reaction force to the Baltic Sea as part of measures to step up the defence of its eastern European allies in response to the Ukraine crisis, the alliance said on Thursday.

Shipbuilding

ClassNK Approves Fillet Welding Consumable

Classification society ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to improve welding

Offshore Service Vessels Design Innovation

PSV World Sapphire from Damen (Photo courtesy Damen)

It could be argued that no other sector of the maritime market has experienced a design innovation

Shippers Turn to Equity Markets as Sector Eyes Recovery

Photo courtesy OW Bunker

Shipping companies are turning to equity markets to fill a growing funding gap, betting that

Contracts

TEPNG Integrates AVEVA Engineering & Design

AVEVA announced that TOTAL E&P Nigeria Ltd. (TEPNG) has adopted AVEVA’s Engineering & Design solutions as part of an Integrated Engineering & Design approach.

Czech Paskov Mine Deal May Happen Next Week

The Czech government may reach an agreement next week with hard coal miner New World Resources on keeping its Paskov mine open longer, Industry Minister Jan Mladek said on

McDermott Signs Agreement for North Sea Spoolbase

© McDermott International

McDermott International, Inc. announced that one of its subsidiaries has signed an option

Technology

AVEVA Provides Solutions to TOTAL E&P Nigeria Limited

Owner Operator standardizes on AVEVA Engineering & Design Solutions for increased efficiency on all new projects. AVEVA announced that TOTAL E&P Nigeria Ltd (TEPNG) has adopted

Offshore: Seacor Raises the Bar Again

(Courtesy SEACOR Marine)

Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation

Ecoshield Wins Industry Award

Photo courtesy Hydrex

Subsea Industries, a Hydrex company, announced that its Ecoshield coating system, which offers

Legal

Ex-BP Employee Settles Insider-trading Oil Spill Case

A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges alleging he

Somali Pirate Sentenced to 12 Years by German Court

A German court sentenced a Somali asylum-seeker to 12 years in jail on Thursday, for his involvement in the pirate hijacking of a tanker in the Indian Ocean in 2010.

DHL Expects Immunity in Price Fixing Investigation

Deutsche Post expects its DHL forwarding business to be granted immunity from prosecution and fines by Singapore antitrust authorities, who are investigating 11 companies for

People & Company News

Fugro Performs Offshore Wind Farm Review

Fugro has been contracted by Cefas, the scientific advisor to the Marine Management Organization, to undertake a review of post-consent monitoring at 19 U.K.

Commodity Giant Steps out of the Shadows

Photo: Trafigura

A detailed new case study scrutinizing the risk-management Swiss-based Trafigura is the latest

Blackstone Unlikely to Enter Commodities Trade

Blackstone exec doesn't expect move into commodities in near term Blackstone Group LP is unlikely to make a foray into commodity trading in the short term as the world's largest