Crews To Abandon Two Venezuelan Tankers Stuck On Portugal

by Catarina Demony (Reuters) - The crew of Venezuelan oil tanker, the Rio Arauca, that has been stuck in the middle of the river Tagus in Lisbon for nearly two years due to unpaid debt, is set to be dismissed, managers Bernhard Schulte Shipmanagement (BSM) said on Thursday. BSM also said in a statement sent to Reuters another Venezuelan tanker, the Parnaso, which is in dry … [Read more...]

Spanish Cargo Ship Aground Near Port of Lisbon

A Spanish cargo ship has been stranded at the mouth of Portugal's Tagus River for more than a week after she ran aground while departing the port of Lisbon.  The 118-meter ship, named Betanzos, ran aground at 1 a.m. local time on March 6 after experiencing a loss of power. The vessel had just departed the Beato Multipurpose Terminal, heading to Casablanca, … [Read more...]

EU Commission Shines Critical Spotlight on Portuguese Shipyard ENVC

By Frances Robinson BRUSSELS--The European Commission has opened an in-depth investigation to verify whether numerous public support measures granted by Portugal to the shipyard Estaleiros Navais de Viana do Castelo S.A. are in line with EU state aid rules. At this stage, the commission has doubts that these measures were carried out on terms that a private operator would … [Read more...]

Portugal Installs First Floating Offshore Wind Turbine [VIDEO]

http://www.youtube.com/watch?v=i6pdp8wyQ8A Located 4000 meters off the northern Portuguese shoreline in approximately 50 meters of water, a pioneering piece of floating machinery is delivering up to 2MW of wind-generated electricity shoreside. Classed by Houston-based ABS, the WindFloat Aguçadoura project is the first offshore wind deployment in the world that did not … [Read more...]