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Australian crew will be replaced by international one

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)....

10/11/2015 Read

U.S. Offshore rig count drops down

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...

09/11/2015 Read

Two companies anouce sharp drop in profits

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...

06/11/2015 Read

Watch world’s first LNG-powered Dry Cargo vessel launching

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...

06/11/2015 Read

Maersk Line to cut 4000 Jobs

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. The...

05/11/2015 Read

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