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Monday, February 15, 2016
Gulf of Guinea Sees Piracy Drop as Oil Price Deters Looters
Maritime News

Gulf of Guinea Sees Piracy Drop as Oil Price Deters Looters

By Divine Ramzi (Bloomberg) — Piracy in West Africa’s Gulf of Guinea has declined as the price of oil plunged to the lowest level since 2002. While

February 15, 2016
Total Views: 11

U.S. Concerned by China Using Non-Navy Boats in South China Sea
Maritime News

U.S. Concerned by China Using Non-Navy Boats in South China Sea

By Rosalind Mathieson (Bloomberg) — China’s increased reliance on non-naval ships to assert its claims in the South China Sea is complicating U.S.

February 15, 2016
Total Views: 103

Singaporean Rig Builder Sembcorp Marine Posts First Loss Since 2003
Maritime News

Singaporean Rig Builder Sembcorp Marine Posts First Loss Since 2003

By Kyunghee Park and Jonathan Burgos (Bloomberg) — Sembcorp Marine Ltd., the world’s second- largest builder of oil rigs, posted its first quarterly

February 15, 2016
Total Views: 53

Sunday, February 14, 2016
iranian crude supertanker
Maritime News

Iran Oil Embargo – First Tankers Depart For Europe Since Sanctions End

by Anthony Dipaola & Hashem Kalantari (Bloomberg) Iran loaded its first cargo of oil aboard tankers to Europe since international sanctions ended,

February 14, 2016
Total Views: 79

Friday, February 12, 2016
Container Shipping Suffering Hangover From Party That Never Happened
News

Container Shipping Suffering Hangover From Party That Never Happened

By Alex Longley (Bloomberg) — Little more than a year ago, shipping companies hauling everything from furniture to electronics across the world’s

February 12, 2016
Total Views: 9

U.S. Touts ‘Batman’ Destroyer as Obama Courts Asean Leaders
Maritime News

U.S. Touts ‘Batman’ Destroyer as Obama Courts Asean Leaders

By David Tweed and Toluse Olorunnipa (Bloomberg) — U.S. officials are looking to superheroes in their quest to preserve Asia’s postwar security order

February 12, 2016
Total Views: 16

Thursday, February 11, 2016
BG Group, Gas-Shipping Pioneer, Trades Final Time Before Merger
Maritime News

BG Group, Gas-Shipping Pioneer, Trades Final Time Before Merger

By Rakteem Katakey (Bloomberg) — BG Group Plc, pioneer of natural-gas shipping, will trade on stock exchanges for the last time on Friday, 19 years after

February 11, 2016
Total Views: 62

Wednesday, February 10, 2016
Oil Traders Looking Again Towards Floating Storage
News

Oil Traders Looking Again Towards Floating Storage

By Javier Blas (Bloomberg) — The world is so awash with crude, the boss of BP Plc said people will be filling their “swimming pools” with it by the

February 10, 2016
Total Views: 12

Maersk’s Hedge Busted as Oil and Freight Revenue Slide
News

Maersk’s Hedge Busted as Oil and Freight Revenue Slide

By Chris Bryant (Bloomberg) — In “normal” times, AP Moeller Maersk’s oil production assets should provide a natural fuel-price hedge

February 10, 2016
Total Views: 53

Offshore Wind Turbines At Sea
Maritime News

Dong Energy to Acquire Lease for Wind Project Off New Jersey Coast

By Joe Ryan (Bloomberg) — Dong Energy A/S, the world’s largest offshore-wind developer, agreed to acquire a lease for a site off the coast of New

February 10, 2016
Total Views: 1

Tuesday, February 9, 2016
Fake London Trader Jailed for 14 Years After Scamming Allseas Out of $113 Million
Maritime News

Fake London Trader Jailed for 14 Years After Scamming Allseas Out of $113 Million

By Suzi Ring (Bloomberg) — A conman posing as a millionaire London trader who defrauded a Dutch shipping company of 100 million euros ($113 million) was

February 9, 2016
Total Views: 109

Monday, February 8, 2016
Nicaragua Sticks to $50 Billion Canal Plan as Setbacks Pile Up
Maritime News

Nicaragua Sticks to $50 Billion Canal Plan as Setbacks Pile Up

By Michael McDonald (Bloomberg) — Manuel Coronel Kautz isn’t a man who’s easily deterred. Good thing. Because as head of Nicaragua’s Canal

February 8, 2016
Total Views: 9

USS Milwaukee (LCS 5) during sea trials
Maritime News

U.S. Navy Urged to Slow LCS Deployments Until More Testing

By Tony Capaccio (Bloomberg) — Two top senators on defense issues say U.S. Navy leaders should consider delaying deployment of the new Littoral Combat

February 8, 2016
Total Views: 10

Nigerian Navy Foils Hijack of Maersk-Linked Ship
Maritime News

Nigerian Navy Foils Hijack of Maersk-Linked Ship

By Tony Tamuno and Paul Wallace (Bloomberg) — Nigeria’s navy foiled an attempt by pirates to hijack a container ship operated by A.P. Moeller-Maersk

February 8, 2016
Total Views: 12

diamond offshore drilling ocean blackhornet
Maritime News

GE Tackles Offshore Oil Spill Prevention in New BOP Pact

By David Wethe (Bloomberg) — Diamond Offshore Drilling Inc. is turning over care and handling of the massive rig safety devices designed to stop well

February 8, 2016
Total Views: 90

Saturday, February 6, 2016
iranian crude supertanker
Maritime News

Iranian Crude – European To Import 300,000+ Barrels A Day

by Hashem Kalantari  Deena Kamel  (Bloomberg) Iran will start sending 300,000 barrels a day of crude to Europe, 54 percent of the total it

February 6, 2016
Total Views: 23

Friday, February 5, 2016
S.S. United States Restoration One of Many Grand Projects for Crystal Cruises
News

S.S. United States Restoration One of Many Grand Projects for Crystal Cruises

(Bloomberg) — “You either grow or die.” To Edie Rodriguez, president and CEO of Crystal Cruises, those words weren’t just lip service for the

February 5, 2016
Total Views: 82

Just 0.1% of Global Oil Output Has Been Halted Due to Low Prices
News

Just 0.1% of Global Oil Output Has Been Halted Due to Low Prices

By Javier Blas (Bloomberg) — After a year of low oil prices, only 0.1 percent of global production has been curtailed because it’s unprofitable,

February 5, 2016
Total Views: 8

Thursday, February 4, 2016
South Korea’s Hyundai Merchant Faces ‘Brutal’ Year
Maritime News

South Korea’s Hyundai Merchant Faces ‘Brutal’ Year

By Kyunghee Park and Kyungji Cho (Bloomberg) — More than two years after announcing a 3.3 trillion won ($2.7 billion) bailout of the Hyundai Group,

February 4, 2016
Total Views: 43

Wednesday, February 3, 2016
Oil Drilling Off U.S. East Coast Under Attack from Environmentalists
News

Oil Drilling Off U.S. East Coast Under Attack from Environmentalists

By Jennifer A. Dlouhy (Bloomberg) — Environmentalists emboldened by President Barack Obama’s rejection of the Keystone XL pipeline are now trying to

February 3, 2016
Total Views: 26
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