Libya Lays Up Tankers, Gadafi Feels the Heat

Posted 07/07/11 at 10:51 AM

According to a report from Reuters, many oil tankers in Libya’s state-owned fleet remain anchored and unable to trade because of cash flow issues. Crude oil shipments from Libya, once Africa’s third largest producer, have been at a virtual standstill for months as leader Muammar Gaddafi has faced international pressure and sanctions…

Hess LNGs Proposed Liquefied Natural Gas Terminal Terminated

Posted 07/07/11 at 10:50 AM

The Federal Energy Regulatory Commissionofficially vacated the certificate issued on July 15, 2005 that approved construction of Hess LNGs proposed liquefied natural gas terminal. On June 20, Hess LNG announced iit was withdrawing its application to construct an LNG terminal on the banks of the Taunton River and the related off-shore berthing station…

U.S. Coast Guard Commissions RINA
7/7/2011 11:10:12 AM
Genoa-based classification society RINA has been authorized by the U.S. Coast Guard to conduct plan review and approval and initial and subsequent surveys for U.S.-flagged cargo and passenger vessels. Under the agreement signed yesterday, RINA has…

Container Forecaster: Industry Conditions “Very Challenging”
7/11/2011 11:17:47 AM
According to Container Forecaster, the container industry is in dire need of a correction on the supply side and even the realization of a decent peak season demand surge this summer will not provide enough momentum to lift severely eroded freight…

Kosmos Energy Update on Drilling Cedrela-1 Exploration Well

Posted 07/07/11 at 10:49 AM

Kosmos Energy KOS 0.00% today provided an update on the company’s drilling of the Cedrela-1 exploration well offshore the Republic of Ghana. The Transocean Marianas semi-submersible drilling rig, under contract to another operator in Ghana, was expected to arrive at the Cedrela-1 well location on the West Cape Three Points Block on or about July…

China to Review Offshore Risks in Wake of Spill
7/11/2011 8:42:02 AM

MARIN Sponsors Wind Turbine Design Challenge
7/11/2011 10:34:25 AM

Details on these stories and many more available from Maritime Today.