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Thursday, December 18, 2014
West Coast Dockworkers, Shippers ‘Far Apart’ on Contract
News

West Coast Dockworkers, Shippers ‘Far Apart’ on Contract

West Coast dockworkers and their employers remain far apart in contract negotiations that have stretched over seven months and no settlement is imminent, a

December 18, 2014
Total Views: 1

Saudi Arabia and OPEC Unlikely to Give Up Oil-Market Share
News

Saudi Arabia and OPEC Unlikely to Give Up Oil-Market Share

Saudi Arabia and OPEC would find it “difficult, if not impossible” to give up market share by cutting crude production, the country’s oil minister

December 18, 2014
Total Views: 2

Wednesday, December 17, 2014
China Demand Drop Pushes Iron Ore Shipping Rates to 5-Year Low
Maritime News

China Demand Drop Pushes Iron Ore Shipping Rates to 5-Year Low

Iron ore and shipping costs plunged to the lowest in five years amid signs China’s slowing economic growth and a glut of the commodity are sapping seaborne

December 17, 2014
Total Views: 5

Tuesday, December 16, 2014
Maritime News

Iran to Sell Light Crude to Asia to Deepest Discount in 14 Years

Iran is said to be offering its main crude grade to customers in Asia at the deepest discount in 14 years, taking a cue from Saudi Arabia in trimming price

December 16, 2014
Total Views: 6

Monday, December 15, 2014
refinery oil production
News

Crude Seen Falling to $50 in 2015

Crude oil prices are poised to fall below half where they were six months ago, before producers begin dealing with a global

December 15, 2014
Total Views: 5

Friday, December 12, 2014
LCS4 shipyard naval shipbuilding coronado
Maritime News

Lockheed Martin, Austal Unscathed by LCS Changes

Lockheed Martin Corp. and Austal Ltd., makers of the Navy’s Littoral Combat Ship, have emerged unscathed in the new strategy by departing Defense Secretary

December 12, 2014
Total Views: 14

gulf sheba tanker
Maritime News

Record Oil Tankers Seen Sailing to China Amid Stockpiling Signs

The number of supertankers sailing to China jumped to a record in ship-tracking data amid signs that the oil-price crash is spurring the Asian nation to

December 12, 2014
Total Views: 105

Wednesday, December 10, 2014
wind turbine storm clouds power renewable energy
News

UK Storm Drives Wind Turbines to Record Output Levels

Wind power generation is forecast at near yesterday’s record later today, peaking at 6,747 megawatts at 9 p.m. London time, according to Bloomberg’s wind

December 10, 2014
Total Views: 34

Tuesday, December 9, 2014
LNG carrier Cheikh el Mokrani
News

Algeria to Boost LNG Shipments to Asia as Sales to Europe Drop

Algeria, Africa’s largest natural gas producer, has expanded capacity to ship the fuel on tankers and plans to sell more of it in Asia and make up for a

December 9, 2014
Total Views: 18

sliepner a platform statoil north sea
News

Norway Reviews GDP Growth Estimates as Oil Plunge Continues

Norway signaled it may cut its economic forecast for next year as a slump in oil prices threatens growth in western Europe’s biggest crude

December 9, 2014
Total Views: 6

Monday, December 8, 2014
Seadrill Semi-Rig West Pegasus
Finance

Fredriksen Boosts Seadrill Stake After Shares Slump

Billionaire John Fredriksen bought shares in Seadrill Ltd. for $33.5 million, boosting his stake in the offshore driller to 23.9 percent as the stock fell

December 8, 2014
Total Views: 5

vp asphalt 2
Maritime News

Pirates Kill Vietnamese Crew Member as Regional Hijackings Rise

The killing of a crew member of a Vietnamese tanker by pirates yesterday marks a deadly escalation in Southeast Asian hijackings and the third attack on a ship

December 8, 2014
Total Views: 34

Saturday, December 6, 2014
maersk oil
News

Maersk Targeted in Petrobras Probe as Graft Scandal Goes Global

Brazilian authorities are investigating foreign companies including AP Moeller-Maersk A/S over allegations they bribed Petroleo Brasileiro SA executives in

December 6, 2014
Total Views: 119

Navy Engineer Caught Trying to Steal Supercarrier Secrets
News

Navy Engineer Caught Trying to Steal Supercarrier Secrets

A civilian engineer at the Norfolk Naval Shipyard was arrested in a sting operation on a charge of trying to steal diagrams of the U.S. Navy’s newest nuclear

December 6, 2014
Total Views: 78

Friday, December 5, 2014
Canada-U.S. LNG Cost Rivalry Draws Focus
Maritime News

Canada-U.S. LNG Cost Rivalry Draws Focus

Petroliam Nasional Bhd.’s deferred decision on a C$36 billion ($32 billion) liquefied natural gas project in British Columbia is bringing to the fore

December 5, 2014
Total Views: 2

geo caspian cgg seismic vessel
Finance

Technip Will Probably Raise Takeover Offer for CGG, UBS Says

Technip SA, Europe’s largest oil-and- gas services company, will probably raise its 1.47 billon-euro ($1.8 billion) offer for rival, CGG SA, according to UBS

December 5, 2014
Total Views: 10

Thursday, December 4, 2014
australia asylum seekers indonesia
News

Australia to Toughen Asylum-Seeker Visa Laws

Australia’s Senate voted early today to support legislation backed by Prime Minister Tony Abbott that denies asylum seekers arriving by boat the right to

December 4, 2014
Total Views: 7

Shipping Can Thank OPEC for $29 Billion Savings: Chart of the Day
Maritime News

Shipping Can Thank OPEC for $29 Billion Savings: Chart of the Day

By Naomi Christie Dec. 4 (Bloomberg) — When OPEC sent oil prices tumbling last week by deciding not to tackle a global glut of crude, shipping companies

December 4, 2014
Total Views: 2

Wednesday, December 3, 2014
oil price brent crude world supply energy
News

Brent Crude Trades Near $70 as Traders Assess OPEC Decision

Brent crude traded near $70 a barrel, erasing earlier gains as traders evaluated the impact of OPEC’s decision to maintain output at last week’s meeting.

December 3, 2014
Total Views: 3

bribery money laundering corruption
News

Petrobras’s $100 Million Man Tops Graft Haul in Corruption Probe

Brazil’s biggest money laundering and corruption scandal just got bigger with a high-level executive’s pledge to return $100 million and testify against

December 3, 2014
Total Views: 101
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