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Friday, March 13, 2015
Glencore Ordered to Pay Millions Over Decades-Old Oil Fraud
Maritime News

Glencore Ordered to Pay Millions Over Decades-Old Oil Fraud

Glencore Plc was ordered to pay just over $40 million to OMV Petrom SA by a U.K. court for fraudulently shipping oil of a lower-than-purported quality to

March 13, 2015
Total Views: 171

ConocoPhillips CEO Ryan Lance
News

Oil CEOs Said to Ask Obama Administration to Lift Crude Export Ban

About a dozen U.S. drilling executives, including ConocoPhillips Chief Executive Officer Ryan Lance, were in Washington this week trying to persuade White

March 13, 2015
Total Views: 63

alang-workers-scrap
Maritime News

Shipbreakers Prepare for Record Year

Owners may demolish 40 million deadweight tons of dry bulk carriers, more than double last year’s total, according to Arctic Securities ASA in Oslo.

March 13, 2015
Total Views: 33

viking vision seismic survey vessel
News

CGG Open to Technip Partnership After Spurning Takeover Approach

CGG SA Chief Executive Officer Jean-Georges Malcor said he would welcome a commercial partnership deal for seismic oil surveys with Technip SA, after spurning

March 13, 2015
Total Views: 131

Thursday, March 12, 2015
Oakland Port Terminal Stalls in Labor Dispute After Settlement
News

Oakland Port Terminal Stalls in Labor Dispute After Settlement

The Port of Oakland, the fourth-busiest container port on the West Coast, partially shut down in a dispute between dockworkers and management, more than two

March 12, 2015
Total Views: 19

Dampier Port Shuts as Cyclone Olwyn Nears Australian Coast
Maritime News

Dampier Port Shuts as Cyclone Olwyn Nears Australian Coast

Two ports in Western Australia closed as a strengthening tropical cyclone approached the coast. The system isn’t affecting Port Hedland, the biggest-bulk

March 12, 2015
Total Views: 6

Wednesday, March 11, 2015
Exxon Baytown Refinery Impacted as Houston Ship Channel Shutdown Stretches Into Day 3
Maritime News

Exxon Baytown Refinery Impacted as Houston Ship Channel Shutdown Stretches Into Day 3

Exxon Mobil Corp. cut processing rates at its Baytown, Texas, refinery due to vessel traffic delays along the Houston Ship Channel as a stretch of the largest

March 11, 2015
Total Views: 29

Tuesday, March 10, 2015
Zumwalt Destroyer Deliveries Running a Year Late -U.S. Navy
Navy

Zumwalt Destroyer Deliveries Running a Year Late -U.S. Navy

Delivery of General Dynamics Corp.’s first two electric-powered Zumwalt-classdestroyers for the U.S. Navy is running more than a year late, in part for lack

March 10, 2015
Total Views: 49

iron ore china dry bulk
Maritime News

‘The Answer to That Is No’ | BHP Stands by Iron-Ore Expansion

BHP Billiton will absolutely not be pulling back on their output of iron

March 10, 2015
Total Views: 11

cajun express transocean offshore drilling riser
News

Cairn Energy Sees 50% Lower Rig Costs Sustaining Senegal Drilling

Cairn Energy Plc expects a slump by half in the cost of oil rigs to sustain the U.K. producer’s exploration in Senegal even after crude prices sank in

March 10, 2015
Total Views: 11

Monday, March 9, 2015
Cheap Oil Doesn’t Deter Japan Shipbuilders From Betting on LNG
Maritime News

Cheap Oil Doesn’t Deter Japan Shipbuilders From Betting on LNG

At a shipyard in southern Japan, Mitsubishi Heavy Industries Ltd. engineers envision the newest fuel- efficient engines for liquefied natural gas carriers

March 9, 2015
Total Views: 20

maran gas Angelicoussis
Finance

Billionaire Greek Ship Owners Surface as Home Economy Sinks

More than a thousand delegates from the shipping industry gathered last month at the Hilton Athens for the Greek Shipping Forum, a day of speeches and panel

March 9, 2015
Total Views: 1570

Thursday, March 5, 2015
Seadrill Semi-Rig West Pegasus
News

Seadrill Braces for Two More Years of Rig Pain on Oil Slump

Seadrill Ltd., the offshore oil driller controlled by billionaire John Fredriksen, said the rig market is unlikely to recover for at least two years following

March 5, 2015
Total Views: 3

canaport lng
News

Goldman Sees LNG as Biggest Commodity After Crude This Year

Global trade in liquefied natural gas will exceed $120 billion this year, taking it past iron ore as the most valuable commodity after oil, Goldman Sachs Group

March 5, 2015
Total Views: 1

World’s Biggest Containership Title Shifts Monthly as Rates Fall
News

World’s Biggest Containership Title Shifts Monthly as Rates Fall

This is how much size matters in the shipping industry: Bragging rights for the world’s largest container ship have changed hands four times in as many

March 5, 2015
Total Views: 13

Wednesday, March 4, 2015
rongsheng heavy industries shipyard shipbuilding
Finance

China Rongsheng Suspends Warrant Issue as Investor Detained

China Rongsheng Heavy Industries Group Holdings Ltd., once the country’s largest private shipyard, said it will not proceed with a proposed warrant sale

March 4, 2015
Total Views: 10

Bourbon Profit Hit by Oil Price Slump, 2015 Margins On Deck
News

Bourbon Profit Hit by Oil Price Slump, 2015 Margins On Deck

Bourbon SA, a French supplier of ships and crew to oil and natural gas producers, said margins may drop this year following a 36 percent profit slump in 2014

March 4, 2015
Total Views: 12

port hedland capesize bulk carrier
Maritime News

Port Hedland Has Busiest Month Ever Shipping Iron Ore

A total of 1.27 million metric tons were shipped each day in

March 4, 2015
Total Views: 89

Tuesday, March 3, 2015
euronav famenne vlcc
Maritime News

Glencore Sees ‘Blowout’ Year for Oil Trade as Volatility Surges

Glencore Plc, the world’s biggest listed commodities trader, said 2015 could be a boom year for oil amid the biggest price swings in six

March 3, 2015
Total Views: 2

Monday, March 2, 2015
anadarko deepwater millenium transocean mozambique well test
News

Tullow Oil Drops on Concerns Exploration Offshore Ghana May Be Suspended

Ivory Coast, which disputes sea boundaries with neighboring Ghana, has asked an arbitration panel to order Ghana to halt drilling in an area where Tullow

March 2, 2015
Total Views: 21
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