Two Dead after Mexican Rig Accident

By MarEx 2015-05-05 14:31:16 Mexican oil company Pemex said an accident on Tuesday has left an offshore maintenance rig in the southern Bay of Campeche listing, killing two workers, but has not affected crude production. Pemex has confirmed via Twitter that there were 101 workers aboard the platform when the incident occured and that the…

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Accident Reported on Mexican Offshore Rig

By MarEx 2015-05-05 14:31:16 Mexican oil company Pemex said an accident on Tuesday has left an offshore maintenance rig in the southern Bay of Campeche listing, killing two workers, but has not affected crude production. Pemex has confirmed via Twitter that there were 101 workers aboard the platform when the incident occured and that the…

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Sailors Return Home After Five Month Ordeal

By Kathryn Stone 2015-05-05 13:20:09 The ordeal of 16 sailors stranded in Baharini waters since December has come to an end as 14 Indian crew members returned home Monday and two Myanmar crew members are set to depart today. The sailors have been waiting to return home for five months following a dispute between Singapore-based…

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GLDD sees bright 2015 despite loss in 1Q

US dredging contractor Great Lakes Dredge & Dock (GLDD) expects to make significant profits in 2015 despite taking a first quarter loss of USD8.4 million.
The NASDAQ-listed dredger revealed on 5 May that its 1Q15 performance was affected by losses in its environmental and remediation segment, as
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OSG plots public rebirth

Overseas Shipholding Group (OSG) has registered for an initial public offering and a re-listing of its shares on the New York Stock Exchange.
Once considered a ‘blue chip’ name, OSG was delisted from NYSE in the wake of its November 2012 bankruptcy filing. The restructured entity emerged from
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China, ‘Philippines Violating South China Sea Code’

By Reuters 2015-05-05 09:43:40 China has accused the Philippines of violating a 13-year-old informal code of conduct in the South China Sea with its building work on disputed islets, firing back again after repeated criticism of China’s own construction work. China and the 10-member Association of South East Asian Nations (ASEAN) signed an agreement in…

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Forty Migrants Reported Drowned in Mediterranean

By Reuters 2015-05-05 09:25:57 Around forty migrants died in the Mediterranean on Sunday, according to survivors of the journey who arrived on the southern Italian island of Sicily on Tuesday, local Save the Children spokeswoman Giovanna Di Benedetto said. The deaths were reported by some of the roughly 240 migrants from Ghana, Gambia, Senegal and…

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