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DONG Energy Confirms Exit From Oil and Gas

By The Maritime Executive

November 8, 2016

Copenhagen-based DONG Energy confirmed Tuesday that it will exit offshore oil and gas. Instead, the firm will focus on its growing portfolio of offshore wind and renewables. “We have decided to in...

South Africa's Transnet to Spend up on Acquisitions

November 8, 2016

South Africa's Transnet plans to spend about 20 billion rand ($1.50 billion) on mergers and acquisitions in South Africa and the rest of Africa as it embarks on a major expansion drive outside its hom...

Shark Fin Traders Re-Routing to Vietnam

By The Maritime Executive

November 8, 2016

The shark fin trade in East Asia changes rapidly depending on where and how profits can be made, highlighting the needs for better traceability and a global overview of the markets according to a new...

Iran and Total to Expand World's Largest Gas Field

By The Maritime Executive

November 8, 2016

Total has signed an agreement with the National Iranian Oil Company (NIOC) for the development of phase 11 of South Pars, the world's largest gas field. The South Pars / North Dome gas field cover...

Bank of Ireland Joins Shipping Loan Wind Down

November 8, 2016

The Bank of Ireland said it is winding down its shipping business, joining other banks looking to cut non-core lending and exposure to an industry suffering its worst downturn. Many European banks...

Carnival Boosts Security with INTERPOL Checks

By The Maritime Executive

November 8, 2016

In a first for the maritime industry, Carnival Corporation will screen passenger travel documents against INTERPOL's I-Checkit global security system. INTERPOL's I-Checkit system is a secure method...

THE Alliance Announces Product Plans

By The Maritime Executive

November 8, 2016

The container shipping companies that make up THE Alliance have announced details of their proposed product starting from April 2017. THE Alliance plans to deploy a fleet of more than 240 modern s...

Pirates Get Life for Attacking USS Ashland

By The Maritime Executive

November 8, 2016

Two Somali pirates have been sentenced to life in prison, and a third to 33 years, for their attack on the USS Ashland in the Gulf of Aden in 2010. The third man received a reduced sentence for coo...

Second Tug and Barge Casualty Near Bella Bella, B.C.

By The Maritime Executive

November 8, 2016

On Sunday evening, the tug Columbia Layne was towing a sand and gravel barge in Graham Reach, near Bella Bella, British Columbia. In foul weather and heavy swells, the barge flipped and sank – the sec...

IMO Says it is Well-Placed to Regulate Shipping's CO2

By The Maritime Executive

November 8, 2016

From November 7-18, delegates from nearly 200 nations will be in Marrakech for the COP22 climate conference, the follow-up to the landmark meeting in Paris last year. Negotiators will be working t...

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