Bloomberg

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Tuesday, January 15, 2013
maersk container
News

Maersk Line: Asia-Europe Container Shipping Unprofitable at Current Rates

Jan. 15 (Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s largest container line, said the industry needs to raise prices by as much as

January 15, 2013
Total Views: 51

dht eagle frontline vlcc supertanker
News

VLCC Rates Fall as Ships Compete for Fewer Available Cargos

The surplus of the largest oil tankers available for loading in the Middle East rebounded from a six-week low, according to a Bloomberg News survey. There are

January 15, 2013
Total Views: 14

Monday, January 14, 2013
EG LNG Equatorial guinea lng
News

South Korea-Bound Shipments of LNG Drop 9.5% as Prices Rise

Imports of liquefied natural gas into South Korea, the world’s second-largest buyer of the fuel, dropped 9.5 percent in December as prices rose.

January 14, 2013
Total Views: 0

lng carrier shipyard shipbuilding shutterstock
News

Wells Fargo: LNG Carrier Spot Market May Soften in 2013 as Global Fleet Grows

Rates to ship liquefied natural gas will decline this year as new vessels join the fleet more quickly than global output of the fuel expands, according to

January 14, 2013
Total Views: 0

rina group
Engineering News

UAE Ship Inspector Hires RINA Group to Help Develop Capabilities

Abu Dhabi-based Emirates Classification – Tasneef, a classification society specializing in the maritime sector, hired RINA Group to help develop its

January 14, 2013
Total Views: 17

transocean
Finance

Icahn Could be a Game-Changer for Transocean

Transocean Ltd., the world’s largest offshore rig operator, climbed to the highest in 10 months after billionaire investor Carl Icahn said he’s

January 14, 2013
Total Views: 3

wilh wilhelmsen
Finance

After Gaining 73% in the Past 12 Months, Wilh. Wilhelmsen is Still a “Buy”

Wilh. Wilhelmsen ASA, the world’s largest vehicle transporter, extended gains in Oslo as Pareto Securities recommended investors buy the stock as limited

January 14, 2013
Total Views: 1

Saturday, January 12, 2013
Macondo well bp
News

BP Seeks $3.4 Billion Reduction in Fines Related to Macondo Disaster

BP Plc is seeking a reduction of as much as $3.4 billion in the fine it may have to pay for pollution caused by the 2010 Gulf of Mexico

January 12, 2013
Total Views: 45

Friday, January 11, 2013
Offshore

Shell Says Kulluk Tow Was Motivated by Alaska Tax Bill [UPDATE]

By Jim Snyder Avoiding a state tax played a role in Royal Dutch Shell Plc’s decision to move a drilling rig from Alaska waters, though the company said

January 11, 2013
Total Views: 3

Thursday, January 10, 2013
wall street ferry allision ferry
Uncategorized

No Response from Reverse Thrust Says Captain of Busted Up Ferry

The captain of a ferry that crashed in Manhattan’s Financial District yesterday told investigators the ship didn’t respond when he put the thrust

January 10, 2013
Total Views: 16

vlcc supertanker
Uncategorized

VLCC Rates Lower for 10th Straight Session, Middle East is “Sufficiently Supplied”

Returns for the biggest oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, fell for a 10th session amid speculation

January 10, 2013
Total Views: 1

panamax bulk carrier diana shpping
News

Baltic Dry Index Gains for 6th Day in a Row, Led by Panamaxes

The index climbed 1.1 percent to 751, according to the London-based Baltic Exchange, an assessor of freight costs. Average hire costs for Panamax ships, which

January 10, 2013
Total Views: 60

jan mayen island
News

Jan Mayen Island is Likely Too Remote and Risky For Offshore Drilling Says Norway

Oil and gas exploration off Norway’s Jan Mayen Island, due to be opened up to drillers this year, poses “significant environmental

January 10, 2013
Total Views: 37

lng carrier tanker shutterstock
News

Day Rates for LNG Carriers Are on the Rise

Rates to ship liquefied natural gas are gaining as the gap between prices in Europe and Asia is set to widen throughout the winter. A vessel was booked for

January 10, 2013
Total Views: 2

Wednesday, January 9, 2013
Interesting

‘Hard Landing’ Leaves Dozens Injured on NYC Ferry

Chris Dolmetsch, Michelle Kaske and Phil Kuntz A commuter ferry carrying passengers to New York City from New Jersey crashed into a pier near the financial

January 9, 2013
Total Views: 15

keppel fels shipyard tuas
Offshore

China Shipyards Set to Spark Price War Among Rigmakers

By Kyunghee Park and Jasmine Wang China’s shipbuilders are set to spark a price war in the oil-rig market. With orders for new ships plunging to an

January 9, 2013
Total Views: 47

Uncategorized

Nigeria’s Navy Hands Over Russian Crew Busted With Guns to Police

By Maram Mazen Nigeria’s navy said it handed over 15 Russian crew members to police for questioning after their ship was found to be carrying weapons

January 9, 2013
Total Views: 6

skf logo
Engineering News

SKF Combines Forces with Blohm & Voss in $104 Million Merger

SKF AB, the world’s largest maker of ball bearings, agreed to buy Hamburg-based ship-component maker Blohm & Voss Industries GmbH to expand its

January 9, 2013
Total Views: 22

Oceanic Vega cggveritas geoseismic ship
News

CGGVeritas Takes a 6% Hit After Brazilian Offshore Deals Fall Through

CGGVeritas, the largest seismic surveyor of oilfields, slumped by the most in more than three months in Paris trading after saying potential deals in Brazil

January 9, 2013
Total Views: 11

Tuesday, January 8, 2013
Offshore

U.S. to Review Shell’s Arctic Exploration Plans

By Jim Snyder The U.S. Interior Department said it will review oil and gas exploration in Alaska’s Arctic waters after the grounding of a Royal Dutch

January 8, 2013
Total Views: 4