Fire at Port Arthur, Texas

Fire at Port Arthur, Texas

Conveyor belt which was loading wooden pellets on a bulk carrier Jobst Oldendorff caught fire at around 1500 LT on Monday (Feb 27) at Port Arthur, Texas. Burning pellets fell into vessel’s hold, so understood …
Feb 28, 2017 /  Accidents
South Korea's top shipbuilders let 3,000 employees go in H1 amid restructuring

South Korea's top shipbuilders let 3,000 employees go in H1 amid restructuring

At least 3,000 employees who worked for South Korea's three largest shipbuilders quit their jobs in the first half as the industry as a whole underwent extensive restructuring to cope with global oversupply and low …
Aug 16, 2016 /  Curious
Petronas May Cut 1,000 Jobs as Oil Slump Prompts Reorganization

Petronas May Cut 1,000 Jobs as Oil Slump Prompts Reorganization

Petroliam Nasional Bhd., Malaysia’s state oil company, announced management changes and plans to cut workers as it seeks to trim operating costs to cope with the worst price slump in a generation. Regas Terminal …
Mar 1, 2016 /  Curious
BP to Cut About 4,000 Exploration and Production Jobs as oil prices continue to fall

BP to Cut About 4,000 Exploration and Production Jobs as oil prices continue to fall

BP PLC said Tuesday it would slash about 4,000 jobs from its exploration-and-production unit—about one-sixth of the staff in that business—over the next year or so, the latest in a wave of cuts across an …
Jan 14, 2016 /  Curious
Up to 200 jobs at Maersk Oil face risk of redundancy

Up to 200 jobs at Maersk Oil face risk of redundancy

Maersk Oil has warned that up to 200 staff face the risk of redundancy. The news comes after the company has revealed its plans to close one of its assets in the North Sea. According to the company, the …
Aug 26, 2015 /  Finance
Restructuring in Havyard cuts 100 staff

Restructuring in Havyard cuts 100 staff

Havyard Group, a Norwegian offshore yard and ship technology supplier, has announced the implementation of new measures to deal with the general market downturn. As part of these, the company will cut around 100 …
Aug 14, 2015 /  Finance
Rolls-Royce to cut its marine jobs with 600

Rolls-Royce to cut its marine jobs with 600

Rolls-Royce has announce its plans for cutting 600 jobs in its marine unit due to "challenging market conditions" related to the “the effect of low oil prices”. The reduction, which it to take place bu …
May 19, 2015 /  Finance