Last night, the final rescue crews on the El Faro mission called in, “We are returning to base – negative results,” and left the search area. The hearts of family and friends finished a breaking that began a week ago, and all they are left with now are questions. As unspeakably tragic as the last week has been, I […]
By David Sherwood PORTLAND, Maine, Oct 8 (Reuters) – The captain of the ill-fated cargo ship that sank in a hurricane off the Bahamas with no survivors last week was an experienced and highly trusted mariner who had spent a lifetime on the water, friends and colleagues said. The captain of El Faro, Michael […]
The photos below provided by KOTUG International show the Royal Research Ship Discovery being escorted underneath London’s iconic Tower Bridge. Photos courtesy KOTUG.
By Yaacov Benmeleh (Bloomberg) — Zim Integrated Shipping Services Ltd., a marine transportation company, hired Bank of America Corp.’s Merrill Lynch unit and Barclays Plc to lead an initial public offering in the U.S., according to two people with knowledge of the matter. The Haifa, Israel-based company, a unit of billionaire Idan Ofer’s Kenon […]
Norwegian oil major Statoil has reported an oil spilled observed in the North Sea close to a loading buoy at the Statfjord offshore oil field. The oil spill was first reported at 8:30 a.m. Tuesday in the vicinity of the OLS loading buoy. Statoil says that the oil spill was discovered during the loading […]
DUBAI, Oct 8 (Reuters) – National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a significant hike in third-quarter net profit on Thursday. The company’s net profit for the three months to Sept. 30 was 510.3 million riyals ($136.1 million), up from 84.85 million riyals in the same period […]
OSLO, Oct 8 (Reuters) – Offshore rig driller Seadrill is facing another two years in the doldrums but hopes the international rig market could turn around in 2017. Rig rates have more than halved since the peak two to three years ago and in several cases are now below breakeven costs. “2015 is gone, […]