Greenpeace Protestors Still Hanging from Bridge Block Shell Icebreaker

Activists suspend themselves from Portland's St. Johns Bridge in an attempt to block Shell's icebreaker from returning to Alaska. Photo: Greenpeace

  By Shelby Sebens PORTLAND, Ore., July 30 (Reuters) - Greenpeace protesters dangling from a bridge in Portland, Oregon, on Thursday forced back an icebreaker that Royal Dutch Shell needs in Alaska to start drilling in the Arctic. The 13 Greenpeace protesters, who rappelled down from the bridge over the Willamette River early on Wednesday, are hoping to shorten … [Read more...]

U.S. Senate Panel Votes to Lift Oil Export Ban

Shutterstock/Nightman1965

  By Timothy Gardner and Valerie Volcovici WASHINGTON, July 30 (Reuters) - The U.S. Senate Energy Committee on Thursday narrowly passed a bill to lift a 40-year old ban on the export of crude oil, but the measure faces an uphill battle in getting passed by the full Senate. The bill to allow the United States to export oil and boost state revenue-sharing for … [Read more...]

Neptune Orient Lines Swings to First Profit in Six Quarters

APL is a wholly-owned subsidiary of Singapore-based Neptune Orient Lines. Sheila Fitzgerald / Shutterstock.com

  SINGAPORE, July 30 (Reuters) - Singapore's Neptune Orient Lines Ltd (NOL) swung to a tiny net profit in its second quarter after six straight quarters of losses but said it had seen severe freight rate erosion. "The group's container shipping business continued to face a challenging environment characterized by over-capacity and weak market demand," NOL Group CEO … [Read more...]

Sembcorp Marine: Sete Brasil Stiffing Us on Drillship Projects

core-rigs-floaters

SINGAPORE, July 29 (Reuters) - Singapore's Sembcorp Marine has not received payment from Sete Brasil on drillship projects this year and may slow down the projects if the situation persists, a company executive said on Wednesday. "Basically what has been ongoing, based on the delay, I think there may be some slow down," Tan Cheng Tat, Chief Financial Officer, said at an … [Read more...]

Egypt Completes Work on New Suez Canal

A cargo ship is seen crossing through the New Suez Canal, Ismailia, Egypt, July 25, 2015. The first cargo ships passed through Egypt's New Suez Canal on Saturday in a test-run before it opens next month, state media reported, 11 months after the army began constructing the $8 billion canal alongside the existing 145-year-old SuezCanal. Mohab Mameesh, chairman of the Suez Canal Authority overseer of the project, told state television that this test-run had been a success and that more would follow.
REUTERS/Stringer      TPX IMAGES OF THE DAY

  By Eric Knecht ISMAILIA, Egypt, July 29 (Reuters) - Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and a major chance to stimulate an economy suffering double-digit unemployment. The army led work 11 months ago on the $8-billion canal, flanking the … [Read more...]

Russian Submarine Wreck Found Off Sweden Has Probably Been There for Decades

A photo from October 2014 shows an object traveling southwards at a speed of one knot inside Swedish waters. REUTERS/Claudio Bresciani/TT News Agency

  By Elias von Hildebrand STOCKHOLM, July 28 (Reuters) - A submarine wreck discovered off the eastern coast of Sweden probably dates from World War One rather than last year when the military hunted for a suspected Russian submersible, the Swedish armed forces said on Tuesday. Monday's announcement by shipwreck hunters made headlines in Sweden, coming less than a … [Read more...]