Thursday, August 11, 2016
More Swiber Fallout as Debt Panic Hammers Singapore Banks
News

More Swiber Fallout as Debt Panic Hammers Singapore Banks

By Jonathan Burgos (Bloomberg) — The recent drubbing in Singapore bank stocks is turning Southeast Asia’s biggest lenders into bargains for money

August 11, 2016
Total Views: 47

Wednesday, August 10, 2016
Did China Cyber Attack Vietnam Over South China Sea Dispute?
News

Did China Cyber Attack Vietnam Over South China Sea Dispute?

By John Boudreau and Mai Ngoc Chau (Bloomberg) — The spyware used in cyber attacks on Vietnam’s major airports and national carrier last month is now

August 10, 2016
Total Views: 175

Brasa shipyard FPSO Cidade de Ilhabela
News

SBM Offshore Axing More Jobs Due to Weak Oil

By Alan Charlish Aug 10 (Reuters) – SBM Offshore’s first-half results lagged analysts’ expectations on Wednesday as challenging conditions

August 10, 2016
Total Views: 72

transocean winner aground
News

Transocean Winner Tanks Breached, Weather Causes Problems for Salvors

A damage assessment of the grounded Transocean drilling rig in Scotland showed that two of the rigs’ fuel tanks have been breached, but it is unclear

August 10, 2016
Total Views: 72

Swiber Troubles Show Urgency Needed in Fixing Debt, Adviser Says
News

Swiber Troubles Show Urgency Needed in Fixing Debt, Adviser Says

By David Yong and Andrea Tan (Bloomberg) — Singapore’s offshore oil services companies and marine engineering firms are leaving it too late to

August 10, 2016
Total Views: 31

hapag-lloyd containership
News

Hapag-Lloyd Reports First Half Operating Loss as Freight Rates Slump

FRANKFURT, Aug 10 (Reuters) – German container shipping group Hapag-Lloyd said it dropped to a first-half operating loss as disappointing freight rates

August 10, 2016
Total Views: 21

Piraeus Port
Shipping News

China COSCO Shipping Acquires Majority Stake in Piraeus Port

By George Georgiopoulos ATHENS, Aug 10 (Reuters) – China’s COSCO Shipping , owner of the world’s fourth largest container fleet, took a 51

August 10, 2016
Total Views: 47

Hello, Shortcut: Expanded Panama Canal Spurs New LNG Trade Route
News

Hello, Shortcut: Expanded Panama Canal Spurs New LNG Trade Route

By Alex Nussbaum and Naureen Malik (Bloomberg Markets) — When the Panama Canal’s expanded locks slid open in late June, perhaps no one was happier than

August 10, 2016
Total Views: 92

Tuesday, August 9, 2016
El Faro’s Voyage Data Recorder Recovered from Ocean Floor
Interesting

El Faro’s Voyage Data Recorder Recovered from Ocean Floor

The voyage data recorder from the sunken American cargo ship El Faro was recovered from the ocean floor late Monday evening, capping a 10-month effort to

August 9, 2016
Total Views: 252

WATCH: Drone Video Shows How Giant Containerships Enter Panama Canal’s New Locks
Interesting

WATCH: Drone Video Shows How Giant Containerships Enter Panama Canal’s New Locks

Check out this drone video posted by Panama Canal Administrator Jorge Luis Quijano showing a neopanamax containership entering the expanded Panama

August 9, 2016
Total Views: 416

Satellite Photos Suggest Chinese Military Build-Up on Disputed South China Sea Islands
News

Satellite Photos Suggest Chinese Military Build-Up on Disputed South China Sea Islands

WASHINGTON, Aug 9 (Reuters) – Satellite photographs taken in late July show China appears to have built reinforced aircraft hangars on its holdings in

August 9, 2016
Total Views: 398

Salvage Team Preparing to Board Grounded Drilling Rig in Scotland
Accidents

Salvage Team Preparing to Board Grounded Drilling Rig in Scotland

Final preparations were being made Tuesday afternoon to put a small team of salvage experts on board the grounded semi-submersible Transocean Winner off

August 9, 2016
Total Views: 82

China Sees Second Shipbuilder Default This Year as Economy Slows
Shipping News

China Sees Second Shipbuilder Default This Year as Economy Slows

By Bloomberg News (Bloomberg) — A Chinese shipbuilder failed to make a bond payment due Monday, becoming the second such company to default in the

August 9, 2016
Total Views: 13

Monday, August 8, 2016
Singapore Strait Collision: Overboard Containers Retrieved
News

Singapore Strait Collision: Overboard Containers Retrieved

Authorities in Singapore have cleaned up the Singapore Strait following a collision between an Iranian supertanker and a giant MSC containership last week,

August 8, 2016
Total Views: 141

Collapse of Penny Stock Swiber Holdings Riles Singapore Oil Hub, Banks
News

Collapse of Penny Stock Swiber Holdings Riles Singapore Oil Hub, Banks

By Kyunghee Park and Chanyaporn Chanjaroen (Bloomberg) — With a market value of S$50 million ($37 million), Swiber Holdings Ltd. hardly seemed the kind

August 8, 2016
Total Views: 163

pioneering spirit departs rotterdam
Multimedia

WATCH: Giant Supercat Pioneering Spirit Departs Rotterdam

One of the most highly anticipated ships of the past decade has departed Rotterdam for a series of offshore trials prior to commissioning later this summer.

August 8, 2016
Total Views: 261

What Is The Great Great Fleet?
Navy

What Is The Great Great Fleet?

The Great Green Fleet (GGF) is a year-long, Department of the Navy initiative that demonstrates the sea service’s efforts to transform its energy use. As one

August 8, 2016
Total Views: 61

Transocean Rig Aground in Scotland After Tow Breaks in Heavy Weather – Incident Photos
Interesting

Transocean Rig Aground in Scotland After Tow Breaks in Heavy Weather – Incident Photos

A Transocean semi-submersible drilling rig is hard aground in Scotland’s Western Isles after breaking free from its tow overnight in heavy weather.

August 8, 2016
Total Views: 296

Japan, China, U.S. Ports Seen at Highest Catastrophe Risk
News

Japan, China, U.S. Ports Seen at Highest Catastrophe Risk

By Agnel Philip (Bloomberg) — Ports in Japan, China and the U.S. face the greatest financial risk from natural disasters because of their vulnerable

August 8, 2016
Total Views: 81

Panama Canal Expansion: Contractor’s Cost Overruns Claim Dismissed
News

Panama Canal Expansion: Contractor’s Cost Overruns Claim Dismissed

PANAMA CITY (Reuters) – A dispute resolution board dismissed a $100 million complaint for cost overruns by the consortium that built the third set of

August 8, 2016
Total Views: 179