Wednesday, November 13, 2013
MV Maersk Mc-Kinney Moller

Maersk Line Profit Rises as Cost Cuts Counter Rate Decline

A.P. Moeller-Maersk A/S’s container- shipping line, the world’s largest, reported an 11 percent increase in third-quarter profit after cost cuts

November 13, 2013
Total Views: 36

Spanish Court Clears Captain, Merchant Navy In Prestige Oil Spill
Interesting

Spanish Court Clears Captain, Merchant Navy In Prestige Oil Spill

A Spanish court on Wednesday found the crew and the government not guilty of criminal responsibility in the 2002 sinking of the Prestige oil tanker, Spain's

November 13, 2013
Total Views: 91

lloyd's building london
Finance

Lloyds Cuts Exposure to Shipping Sector by $500 Million

By Jonathan Saul and Matt Scuffham LONDON, Nov 13 (Reuters) – Lloyds Banking Group has sold a $500 million-plus portfolio of shipping loans to cut its

November 13, 2013
Total Views: 67

Tuesday, November 12, 2013
c-retriever PSV
Interesting

Nigerian Pirates Release American Captain and Chief Engineer – UPDATE

Nigerian pirates have released two U.S. sailors kidnapped from an oil supply vessel off the coast of Nigeria last month, the U.S. State Department has

November 12, 2013
Total Views: 40

UN Appeals for Typhoon Relief Contributions
News

UN Appeals for Typhoon Relief Contributions

The United Nations appealed for contributions to fund relief operations in the Philippines, where Super Typhoon Haiyan may have killed at least 2,500 people

November 12, 2013
Total Views: 68

U.S. to Be Top Oil Producer by 2015, IEA Says
Offshore

U.S. to Be Top Oil Producer by 2015, IEA Says

The U.S. will surpass Russia and Saudi Arabia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades,

November 12, 2013
Total Views: 20

world emerald psv damen
News

Damen Shipyards Delivers “World Emerald”

Damen Shipyards has delivered the “World Emerald,” number four of six Damen PSV 3300 CD platform supply vessels delivered this year to Norwegian

November 12, 2013
Total Views: 190

Seabulk Returns to NASSCO for LNG-Ready Product Tanker
News

Seabulk Returns to NASSCO for LNG-Ready Product Tanker

Seabulk Tankers has returned to NASSCO shipyard in San Diego for up to two additional dual fuel-capable product tankers in the latest display showing U.S.

November 12, 2013
Total Views: 92

SEE ALSO: US Carriers Lean Towards LNG as Marine Fuel of the Future
News

SEE ALSO: US Carriers Lean Towards LNG as Marine Fuel of the Future

US Jones Act flag-carriers Horizon Lines and Matson are eyeing liquefied natural gas (LNG) as the fuel of the

November 12, 2013
Total Views: 40

Philippines Battles to Send Typhoon Aid as Rain Impedes Rescue
News

Philippines Battles to Send Typhoon Aid as Rain Impedes Rescue

Rescuers in the Philippines battled to deliver emergency aid to areas ravaged by Super Typhoon Haiyan, which may have killed more than 10,000 people, as

November 12, 2013
Total Views: 33

Tanker Hijackings Raise Piracy Concerns In Seas Around Singapore
News

Tanker Hijackings Raise Piracy Concerns In Seas Around Singapore

Two tanker hijackings in about a month in the South China Sea and Malacca Strait, a route for about a quarter of sea borne oil trade, have fuelled fears piracy

November 12, 2013
Total Views: 42

hapag-lloyd
Uncategorized

Hapag-Lloyd’s Profit Falls on ‘Disappointing’ Freight Rates

Hapag-Lloyd AG said third-quarter profit plunged almost 64 percent as Europe’s fourth-largest container-shipping line confronted low busy-season prices

November 12, 2013
Total Views: 20

john fredriksen
News

Blackstone to Billionaires Boost Ship Bets on U.S. Fuel Exports

Blackstone Group LP, the world’s largest manager of alternative assets, as well as billionaires Wilbur Ross and John Fredriksen are amassing tanker

November 12, 2013
Total Views: 90

Freeport LNG terminal
Uncategorized

U.S. To Ship 10-15 Bcm LNG A Year To Europe From 2020 -Wood Mac

The United States is likely to export 10-15 billion cubic meters (bcm) of liquefied natural gas (LNG) per year to Europe from 2020, although it will ship much

November 12, 2013
Total Views: 29

Monday, November 11, 2013
Heavy Weather Tests Costa Concordia Wreck Stability as Winterization Nears Completion
Interesting

Heavy Weather Tests Costa Concordia Wreck Stability as Winterization Nears Completion

The stability of the now upright Costa Concordia shipwreck was put to the test Monday as a storm packing 40 mph winds and heavy seas rolled through Isola del

November 11, 2013
Total Views: 98

Philippines Declares State of Calamity
News

Philippines Declares State of Calamity

Philippine President Benigno Aquino declared a state of calamity to speed aid to communities ravaged by super Typhoon Haiyan, which may have killed more than

November 11, 2013
Total Views: 91

OSX Brasil Files for Bankruptcy
News

OSX Brasil Files for Bankruptcy

Brazilian shipbuilder OSX Brasil SA filed for bankruptcy protection on Monday, becoming the second company controlled by former billionaire Eike Batista to

November 11, 2013
Total Views: 58

Maersk-Rickmers texas heavy lift
News

Navy Vessels Get a Lift from the Maersk Texas [IMAGES]

The Maersk Texas, a 19,500 dwt Maersk-Rickmers U.S. flag heavy-lift project carrier recently lifted and moved a pair of support craft for the U.S. Navy, the

November 11, 2013
Total Views: 175

Allseas to Build Second Platform Decommissioning Cat Larger Than Pieter Schelte
Offshore

Allseas to Build Second Platform Decommissioning Cat Larger Than Pieter Schelte

Swiss-based Allseas announced Monday its plans to build a second single-lift platform installation and decommissioning catamaran at Daewoo Shipbuilding and

November 11, 2013
Total Views: 101

torm kansas tanker
News

NATO Arrests Suspects In Foiled Indian Ocean Ship Attack

By Joseph Akwiri MOMBASA, Kenya, Nov 11 (Reuters) – Nine suspected pirates have been arrested on suspicion of trying to hijack a Danish refined oil and

November 11, 2013
Total Views: 42