Bloomberg

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Friday, January 25, 2013
Costa Concordia Hull Damage

Costa Concordia Probe Expands to Costa Crociere

By Marco Bertacche (Bloomberg) — Carnival Corp.’s Costa Crociere unit is under probe for “possible violations” of the Italian administrative responsibility law in the Costa Concordia shipwreck probe, the company said in a statement. Costa is...

January 25, 2013
Total Views: 40

Ports

Storms Halt Steelmaking-Coal Shipments From Biggest Exporter

(Bloomberg) — Storms interrupted exports of coal used in steelmaking from ports on the northeast coast of Australia, which accounts for 53 percent of world shipments. Operations were suspended at...

January 25, 2013
Total Views: 3

Bulker Fleet Seen Expanding at Double the Pace of Demand

By Michelle Wiese Bockmann (Bloomberg) — The fleet of ships carrying minerals and grains will expand at double the pace of trade growth for a second year in 2013, worsening...

January 25, 2013
Total Views: 2

cosco
Finance

China COSCO Expects Huge Annual Loss, Trading Restricted on Shanghai Exchange

Jan. 25 (Bloomberg) — China Cosco Holdings Co., the nation’s biggest shipping company, is facing trading restrictions on its shares after saying it expects to post a “substantial” loss in...

January 25, 2013
Total Views: 2

Thursday, January 24, 2013

Fredriksen: Tankers Will be the First to Recover [UPDATED]

By Mikael Holter and Isaac Arnsdorf Jan. 25 (Bloomberg) — The market for oil and fuel tankers will be the first to recover from a glut in the shipping industry,...

January 24, 2013
Total Views: 3

kfels b class jack-up rig keppel
News

Keppel Chief: Opportunities Ripe for Acquisitions

By Kyunghee Park Keppel Corp., the world’s largest oil-rig maker, said there are opportunities to buy companies even as the entry of Chinese shipyards creates a price war in the...

January 24, 2013
Total Views: 0

Wednesday, January 23, 2013
VLCC Ovatella shell supertanker
News

Daily Earnings for VLCCs Plunge 76 Percent, Biggest Drop Since September

Jan. 23 (Bloomberg) — Earnings for the largest oil tankers plying the industry’s busiest trade route plunged 76 percent, nearing a reversion to negative returns, as the supply of vessels...

January 23, 2013
Total Views: 2

Ports

Capesize Rates Decline as Cyclone Closes Australian Ports

By Rob Sheridan Charter rates for Capesize ships, the biggest iron-ore carriers, fell for a second day as a storm forced ports to close in Australia, disrupting supplies from the...

January 23, 2013
Total Views: 2

csav logo
Finance

CSAV Emerges from the Darkness as Highest Returning Container Shipper

Jan. 23 (Bloomberg) — Chile’s richest family has turned the world’s worst-performing container shipper into a champion by shedding rented vessels and unprofitable trade routes. Cia. Sud Americana de Vapores...

January 23, 2013
Total Views: 2

vale brasil vloc bulk carrier valemax
News

Nippon Steel Considering Further Valemax Iron Ore Shipments

Jan. 23 (Bloomberg) — Nippon Steel & Sumitomo Metal Corp., Japan’s top steelmaker, will consider using more Valemax carriers to receive ore shipments to lower expenses and mitigate the impact...

January 23, 2013
Total Views: 7

Tuesday, January 22, 2013
noble group singapore
News

Noble Group to Add Former BP Oil Analyst Giovanni Serio to Roster

Jan. 23 (Bloomberg) — BP Plc’s head oil analyst for Asia, Giovanni Serio, plans to join Noble Group Ltd. in Singapore, four people with knowledge of the matter said. Serio,...

January 22, 2013
Total Views: 51

tanker vlcc supertanker ship shipping
News

Biggest Glut of Supertankers Since September, Day Rates Fall Below $10k

Jan. 22 (Bloomberg) — The glut of supertankers competing for 2 million-barrel cargoes of Persian Gulf oil expanded to the highest in more than four months, driving down freight rates...

January 22, 2013
Total Views: 3

golar lng carrier tanker
News

Fredricksen is “Printing Money” With Golar LNG as Day Rates Begin to Fall

Jan. 22 (Bloomberg) — Rates to ship liquefied natural gas are dropping for the first time in four years amid a diminishing scarcity of the carriers transporting the fuel, a...

January 22, 2013
Total Views: 9

Monday, January 21, 2013
dredging international panama canal
News

Panama Canal Authority Wants a Piece of the “Pie”, Plans to Change Fee Structure

Jan. 21 (Bloomberg) — The Panama Canal, handling 5 percent of world trade, may change how it calculates tolls for ships carrying energy cargoes to boost traffic once a $5.25...

January 21, 2013
Total Views: 0

sabrina i bulk carrier
News

Pareto Securities: Dry Bulk Shipping Demand to Surpass Fleet Growth

Jan. 21 (Bloomberg) — Demand to ship dry-bulk commodities will exceed fleet growth in the year’s second half as the freight market begins to recover, Pareto Securities AS said, recommending...

January 21, 2013
Total Views: 0

trafigura
News

Trafigura Bullish on Clean Products Sector, Buys Trio of MR Tankers

Jan. 21 (Bloomberg) — Trafigura Beheer BV agreed to buy three medium-range tankers to carry refined oil products such as gasoline, its first purchase of vessels in the class, as...

January 21, 2013
Total Views: 0

kvaerner asa logo
Engineering News

Kvaerner Slides as Rival Hyundai Heavy Wins Billion Dollar Rig Order

Jan. 21 (Bloomberg) — Kvaerner ASA, a Norwegian builder of oil platforms, dropped the most in almost a month in Oslo after it lost out on a $1.1 billion topside...

January 21, 2013
Total Views: 5

k-line lng carrier
Uncategorized

DNB Markets: LNG Price Gap to Boost Ship Rates Through Spring

Jan. 21 (Bloomberg) — The gap between liquefied natural gas prices in Asia and the Atlantic will keep trades between the regions profitable through the Northern Hemisphere spring, boosting shipping...

January 21, 2013
Total Views: 3

Sunday, January 20, 2013
Shipbuilding

Shipyards ‘Doomed’ If Scots Vote to Leave U.K., Lawmakers Say

By Rodney Jefferson Scotland’s shipyards would lose contracts and be “doomed” if the country votes to leave the U.K. in a referendum next year, a group of lawmakers said. The...

January 20, 2013
Total Views: 3

Friday, January 18, 2013
athenian victory hhi hyundai heavy shipyard shipbuilding supertanker
Engineering News

40 New Supertankers to be Delivered in 2013

Jan. 18 (Bloomberg) — The total number of new vessels joining the global fleet this year is expected to be as much as 220, about the same as 2012 deliveries,...

January 18, 2013
Total Views: 10