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Øyvind Hagen Statoil Åsgard A

EMAS AMC Awarded $75 Million Subsea EPC Contract at Smørbukk South Extension

On May 3, 2013 By Rob Almeida
Offshore contractor EMAS AMC announced this week that it has been awarded a USD $75 million contract from Statoil to provide subsea engineering, procurement and offshore construction services for the [...]
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STX Finland's Helsinki shipyard. Photo: STX Europe

As Debt Problems Worsen, STX May Sell off Shipyards Worldwide

On May 3, 2013 By Reuters
South Korea's STX Offshore & Shipbuilding Co is considering the sale of shipyards in France, Finland and China.
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bhp billiton port hedland western australia bulk carrier

Capesize Charters Gain 24% on Cheap Iron Ore Prices

On May 3, 2013 By Bloomberg
(Bloomberg) — A slump in the price of iron ore may be the catalyst for China to start importing more of the steelmaking raw material and for shipping costs to [...]
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transocean marianas

Positive Results May Revive Drilling Off Namibia’s Skeleton Coast, Investors Skeptical

On May 3, 2013 By Bloomberg
(Bloomberg) — HRT Participacoes em Petroleo SA is expecting results this week from a well off Namibia’s Skeleton Coast that may revive interest in oil exploration after two failures last [...]
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Prinsesse Benedikte scanlines ferry

Scandlines Owners Said to Get Three Bids for Ferry Operator

On May 3, 2013 By Bloomberg
(Bloomberg) — The owners of Scandlines, 3i Group Plc and Allianz Capital Partners GmbH, received three bids for the Danish-German ferry operator in a deal that may value the company [...]
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british confidence bp shipping vlgc

SEACOR Orders Pair of VLGCs from Hyundai Heavy

On May 2, 2013 By Rob Almeida
After a $10.9 million loss in the first quarter this year, SEACOR Holdings’ (NYSE:CKH) Executive Chairman of the Board, Charles Fabrikant was justifiably unhappy with his company’s results.  However, it’s [...]
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This is

Opposing the Jones Act from a Hawaiian Perspective [VIDEO]

On May 2, 2013 By gCaptain Staff
Continuing with the Jones Act theme we’ve seen this week, here are two views from Hawaiians opposing the Jones Act. In this first video, Reason TV sits down with Ken Schoolland, [...]
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Ship emissions file photo via ABS

ABS Releases Advisory on Use of Scrubber Systems

On May 2, 2013 By gCaptain Staff
International classification society ABS has released an advisory on the use of exhaust gas scrubber systems in order for ships to meet increasingly stringent low sulfur fuel requirements, both now [...]
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VLCC shipyard DSME block sections shipbuilding

1 Year-Old VLCC Bought for $74 Million, Heads Back to Yard for Conversion

On May 2, 2013 By Rob Almeida
In 2010, Teekay and their JV partner paid just under $100 million to order a newbuild VLCC, but since then quite a bit has changed in the crude tanker market. [...]
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Methane Shirley Elisabeth lng carrier bg group

BG Group Rises After Output and LNG Profit Beat Expectations [INFOGRAPHIC]

On May 2, 2013 By Bloomberg
(Bloomberg) — BG Group Plc, the U.K.’s third-largest oil and gas producer, rose the most in almost a year after reporting production and liquefied natural gas earnings that exceeded analysts’ [...]
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PMSC file photo

The Good, The Bad and The Ugly: Private Maritime Security Companies and the Search for Lessons Learned

On May 2, 2013 By Editorial
Recent controversy over Spain's impounding of a seemingly fortress-like vessel owned by a former British navy officer offers a window into some of the continuing challenges faced by the shipping industry.
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Reuters reports that shippers loaded 12 foreign-flagged tankers to help relieve the storm-battered U.S. Northeast under the Jones Act waiver.  Under the waiver the cargoes must be unloaded no later than November 20.

The Jones Act is Here to Stay [COLUMN]

On May 2, 2013 By Reuters
"The Jones Act may be a protectionist anachronism, but there is no prospect of meaningful reform in the next few years." - By John Kemp
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gdf suez cape ann Höegh LNG

GDF Suez Charters China’s First Floating Storage and Regas Unit

On May 2, 2013 By Rob Almeida
In October 2011, GDF SUEZ and CNOOC signed a cooperation agreement to work on a China-based LNG Floating Storage Regasification Unit project.  The basis of this agreement was a plan [...]
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Nave Atropos sungdong shipyard

April Showers Bring More Tankers for Navios

On May 2, 2013 By Rob Almeida
“I am pleased with our results,” commented Angeliki Frangou, Chairman and CEO of Navios Acquisition on her company’s first quarter financials. The Piraeus-based tanker owner reported 18 percent growth of EBITDA [...]
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