American-based corporation ALCOA, producer of primary aluminum, has decided to replace the Australian crew of the MV Portland with foreign workers, who will be paid as little as USD 2 an hour, reports the Maritime Union of Australia (MUA)....
Baker Hughes Incorporated has posted Weekly Rig Count report. According to the report, the U.S. offshore rig count fell.
BHI Rig Count: U.S. -4 to 771 rigs
U.S. Rig Count is down 4 rigs from last week to 771, with oil rigs down 6 to 572, and ga...
Two Scandinavian companies announced that profits have been fallen.
Maersk Oil, a Danish oil firm, saw its profit for the third quarter slashed 86 percent, mainly hit by low oil prices. Also, the company on Friday said it would further reduce...
Ferus Smit recently celebrated the launch of the Greenland, the world’s first dry cargo vessel to be fueled by clean-burning liquefied natural gas.
The sideways launch took place October 31 at the Ferus Smit shipyard in Westerbroek, the...
Maersk Line, the world’s largest container shipping company, said on Wednesday it will slash costs, cut staff by almost a fifth and pull out of vessel orders as trade along the busiest routes in the world, from Asia to Europe, slows down.
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