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Monday, February 25, 2013

Capesize Rates Seen Doubling on China Iron-Ore Reserves

By Isaac Arnsdorf and Rob Sheridan (Bloomberg) — Shipping rates for iron ore are poised to double next quarter as Chinese steelmakers import extra

February 25, 2013
Total Views: 3

Tanker Rates Seen Climbing on Surge in Charters to U.S.

By Michelle Wiese Bockmann (Bloomberg) — Charters of oil tankers to haul crude to the U.S., the world’s biggest importer, jumped 65 percent during

February 25, 2013
Total Views: 1

deepwater horizon fire
Offshore

Gulf Oil Spill Trial Begins With Billions of Dollars at Stake

By Jef Feeley and Allen Johnson Jr. (Bloomberg) — BP Plc, Transocean Ltd. and Halliburton Co. are seeking to avoid billions of dollars in damages by

February 25, 2013
Total Views: 3

Friday, February 22, 2013
deepwater horizon disaster
Offshore

BP Heads to Trial With Early Victory

By Margaret Cronin Fisk (Bloomberg) — BP Plc heads into a sprawling trial Monday over who is liable for the biggest offshore oil spill in U.S. history

February 22, 2013
Total Views: 2

Alexander the Great VLCC
News

Tanker Rates Finish Biggest Week of 2013

By Rob Sheridan (Bloomberg) — Hire costs for the largest oil tankers on the industry’s busiest trade route had this year’s biggest weekly

February 22, 2013
Total Views: 7

Frontline Drops After Warning on Bond Repayment Risk

By Rob Sheridan (Bloomberg) — Frontline Ltd., the oil-tanker company led by billionaire John Fredriksen, dropped to the lowest level in 15 months in Oslo

February 22, 2013
Total Views: 1

Thursday, February 21, 2013
deepwater horizon disaster
News

BP Witness Testimony May Save Halliburton Billions

By Margaret Cronin Fisk, Jef Feeley and Laurel Brubaker Calkins (Bloomberg) — Halliburton Co. may escape paying billions of dollars in damages for its

February 21, 2013
Total Views: 37

Navy

U.S. Navy’s $37 Billion LCS Program Reflects Eisenhower’s Military-Industrial Complex

David Lerman and Nick Taborek (Bloomberg) — Navy Secretary Ray Mabus confronted a tough choice in the competition to develop a small, speedy and

February 21, 2013
Total Views: 44

bergen group
Engineering News

Bergen Group Rises Nearly 50 Percent on Sale of Offshore Engineering Business

(Bloomberg) — Bergen Group ASA, a Norwegian shipbuilder and offshore services company, climbed the most in more than 3 ½ years in Oslo after agreeing to

February 21, 2013
Total Views: 5

Wednesday, February 20, 2013
nyk lines aquarius leader
News

NYK and Mitsui O.S.K Lines Stand to Prosper on Toyota’s Growth in Thailand

(Bloomberg) — Toyota Motor Corp.’s success in selling Thai-made vehicles to the Middle East and Latin America is fueling a boom for car carriers.

February 20, 2013
Total Views: 38

bulk carrier capesize
News

Charters for Capsize Bulkers are Few and Far Between, Rates Remain at 6-Week Low

(Bloomberg) — Earnings for Capesize ships, the largest carriers of iron ore and coal, remained at a six-week low as a dearth of cargoes curbed hiring of

February 20, 2013
Total Views: 10

singapore lng tanks
News

Singapore Considers Huge New LNG Storage Tank to Support Q-Max Cargoes

(Bloomberg) — Singapore LNG Corp.’s fourth gas storage tank may have 260,000 cubic meters of capacity, enough to fit four A380 jumbo jets, the

February 20, 2013
Total Views: 43

Tuesday, February 19, 2013
q max lng carrier
News

Goldman Sachs Bearish on the Spot LNG Market in 2016 – 2017

(Bloomberg) — Global liquefied natural gas prices on the spot market will enter a bearish cycle from 2016 to 2017 as new supply comes online before Asian

February 19, 2013
Total Views: 11

Offshore

Transocean’s $1 Billion Gulf Oil Spill Settlement Approved

By Margaret Cronin Fisk (Bloomberg) — Transocean Ltd. won court approval of its $1 billion settlement with the U.S. of pollution claims stemming from the

February 19, 2013
Total Views: 3

Golden Zhejiang knightsbridge
News

Chinese Coal Imports Seen by Golden Ocean More Than Double by 2015

Coal imports into China, the world’s largest consumer of the commodity, are poised to more than double in the next few years as local production falls,

February 19, 2013
Total Views: 1

golden shadow bulk carrier
News

Fredriksen’s Golden Ocean Group Rises on Prospects of Dry Bulk Market Recovery

Golden Ocean Group Ltd. climbed to the highest level in almost two years in Oslo trading after the shipping company controlled by billionaire John Fredriksen

February 19, 2013
Total Views: 19

Fuel Line Leak Eyed in Carnival Triumph Fire Investigation

By Kasia Klimasinska (Bloomberg) — The fire on Carnival Corp.’s cruise ship Triumph was caused by a leak in a fuel oil return line, the U.S.

February 19, 2013
Total Views: 10

Monday, February 18, 2013
cma cgm
Finance

CMA CGM Wins Support from Banks, Bonds Outpace Peers

CMA CGM SA’s bonds rallied seven times faster than peers in the past week after the third-biggest container line won support from banks to loosen debt

February 18, 2013
Total Views: 26

iron ore port hedland bhp billiton
News

Demand for Chinese Iron Ore Imports Seen Curbed on Price Gap

Chinese demand for iron ore cargoes may advance more slowly than expected following holidays in the Asian country, because import prices are at level that

February 18, 2013
Total Views: 4

Ras Tanura Sea Island Terminal saudi aramco
News

VLCC Rates Improve Slightly After Chinese Holiday, Owners Still Losing Over $6k Per Day

Charter costs for the biggest oil tankers plying the industry’s busiest trade route rose for a second session as charterers in China returned to work

February 18, 2013
Total Views: 0