Novatek Wins New Russian Licences
Independent Russian gas producer Novatek and LNG operator Novatek has secured the right to explore on the Krasnoyarsk Territory.Russia’s largest LNG producer said in a press release that it has obtained five new licenses on the Krasnoyarsk Territory…

IMO Concludes Growing Blue Conference
What is maritime development and why is it important? Isn’t one of the biggest challenges the failure to appreciate the value of the maritime sector? These are the questions being raised by International Maritime Organization (IMO) at the Growing Blue Conference in Maputo…

Maersk Reports Higher Earnings for Q1
Danish container shipping and logistics giant AP Moller – Maersk has closed the first quarter of 2019 with a 33% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.2bn while revenue grew by 2.5% to USD 9.5bn compared to Q1 2018.

Hyper-Smart Container Sets Sail
Dutch Port of Rotterdam has sent the hyper-smart Container 42 on a two-year data-collecting mission around the world.During this journey, the container – which houses an array of sensors and communications equipment – will be measuring changes in parameters like vibration…

Danaos Signs Sale-and-Leaseback Deal with EnTrust
The provider of seaborne transportation services, Danaos Corporation has concluded a $150m sale-and-leaseback deal for two of its biggest boxships with the alternative investment firm EnTrust Global.Watson Farley & Williams (WFW) has advised…

Solar Array Installed on Cargo Ship
The marine renewable energy technology company Eco Marine Power (EMP) announced that its Aquarius MAS + Solar solution has been installed on the large general cargo ship MV Panamana.The  Japan-based EMP said in a press release that this installation…

Crew Forced to Abandon MSC Matilde
The crew of the MSC Matilde containership “were disembarked from the vessel as a precaution” after it started listing heavily during the night at the Port of Liverpool, UK.The container vessel was listing outside Gladstone Dock in Liverpool at about 02:00 BST yesterday (May 24).

Teaching Teenagers About Oil Spill Issues
Discussions on oil pollution prevention, preparedness and response took centre stage this week (20-24 May) at the latest edition of Spillcon 2019 in Perth, Australia.The forum included sessions on cause and prevention, response management and…

U.S. Deploys Troops to Middle East, Blames Iran for Tanker Attacks
The United States on Friday announced the deployment of 1,500 troops to the Middle East, describing it as an effort to bolster defenses against Iran as it accused the country's Revolutionary Guards of direct responsibility for this month's tanker…

Glosten Design for All-Electric Ferry First
Alabama's historic Gee's Bend Ferry recently entered service after being converted from geared-diesel to become the first zero-emission, electric-powered passenger/car ferry in the United States. Owned by the Alabama Department of Transportation (ALDOT) and operated by HMS Ferries…