Statoil Discovers Oil Spill At North Sea

Incident : Oil SpillLocation : Near Statfjord offshore oil fieldCause for the Spill : A leak in the loading hoseOn Tuesday, around 8.30 am, the Norwegian Oil Major Statoil observed oil spill near the loading buoy at...

NYK’s Grand 130th Anniversary

NYK of Japan began business on October 1, 1885.  NYK president Tadaaki Naito who addressed the  company employees to mark the 130th anniversary of NYK’s founding said that NYK’s history comprises of three periods. The...

IMF Warns Of Global Financial Crisis and Recession

If policymakers don’t handle market stability risks properly, the world may see a fresh financial crisis that may lead to global recession says the International Monetary Fund. Highlights:Corporate defaults rise in emerging economies and there...

Underground Fire threatens St Louis With Radioactive Fallout

Just 1,200 feet across each other, underneath a landfill area in St. Louis, two things lurk that should never meet: a slow-burning fire and a cache of Cold War-era nuclear waste.As anxiety increases near...

[Watch] The Interesting Facts of MSC Oscar

https://www.youtube.com/watch?v=fW0_MmEO7o4&feature=youtu.be MSC Oscar is the world’s largest containership.  The christening celebrations took place on 8th January, 2015.  The vessel takes its name from the son of Mr Diego Aponte, the President & CEO of the...

Intermarine – Six New Ecolifts Added To Develop ‘Fleet of The Future’

Intermarine, LLC Adds Ecolift F900’s To Fleet Of The FutureIntermarine’s Fleet of the Future gets six more Ecolift F900 vessels.  Earlier this year, Intermarine kickstarted the renewal program for Fleet of the Future by ordering...

EMP Acquires Patent For Aquarius MRE System

The innovative wind & solar power solution for ships acquires Patent.The Aquarius Marine Renewable Energy (MRE) System or Aquarius MRE is a combined wind power and solar power for ships.  Eco Marine Power and...

JAPAN Bids to Build Submarines For Australia

The Japanese consortium bidding for a $35 billion project to build submarines for Australia said that it would be willing to build all of the submarines in Australia. “I think we are very confident that we...

Michelle Obama to Christen “The Illinois”

Michelle Obama, U.S. First Lady, who participated in the initial keel laying of the Illinois in 2014, will be among the top officials to join General Dynamics Electric Boat for the christening ceremony of...

Supramax Bulk Carrier Arrested In Singapore

On 2nd October 2015, around 17:45 hrs local time, the 57,000 dwt Supramax bulk carrier Alexandrit was arrested.  The action took place following the lawsuit filed by law firm  Oon & Bazul LLP.  The ship...