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Wednesday, July 27, 2016
hyundai heavy shipyard
News

Hyundai Heavy Posts Biggest Profit in 3 Years on Cutting Costs

By Kyunghee Park (Bloomberg) — Hyundai Heavy Industries Co. reported its biggest quarterly profit in three years as the world’s largest shipbuilder cut

July 27, 2016
Total Views: 68

Tuesday, July 26, 2016
Environmental Groups Urge Vote on Delayed New York Offshore Wind
News

Environmental Groups Urge Vote on Delayed New York Offshore Wind

By Joe Ryan (Bloomberg) — A coalition of environmental groups is urging New York officials to move forward with delayed plans to approve a 90-megawatt

July 26, 2016
Total Views: 12

Friday, July 22, 2016
keppel shipyard
Offshore

Keppel Sees Prolonged Dearth of Oil-Rig Orders Amid Glut

(Bloomberg) — Keppel Corp., the world’s largest builder of oil rigs, sees little prospect of an improvement in global demand amid a supply surplus

July 22, 2016
Total Views: 73

Thursday, July 21, 2016
platform supply vessel north sea sunrise sunset
News

North Sea Field Shutdowns to Climb as Brexit Deepens Oil Gloom

By Rakteem Katakey (Bloomberg) — The pace of North Sea oil-field shutdowns is picking up as the impact of the market slump is compounded by the uncertain

July 21, 2016
Total Views: 32

keppel shipyard
Offshore

Keppel Profit Falls as Oversupply of Oil Rigs Delays Deliveries

By Kyunghee Park (Bloomberg) — Keppel Corp., the world’s largest builder of oil rigs, posted a 48 percent drop in second-quarter profit as oversupply

July 21, 2016
Total Views: 25

U.S. Ship Visit to End Anti-Nuclear Impasse With New Zealand
Shipping News

U.S. Ship Visit to End Anti-Nuclear Impasse With New Zealand

By Matthew Brockett (Bloomberg) — The U.S. Navy will send a ship to New Zealand later this year, ending an impasse over the country’s anti-nuclear

July 21, 2016
Total Views: 32

Wednesday, July 20, 2016
The U.S. Navy’s New $12.9 Billion Carrier Isn’t Ready for Warfare
News

The U.S. Navy’s New $12.9 Billion Carrier Isn’t Ready for Warfare

By Tony Capaccio (Bloomberg) — The U.S. Navy’s newest aircraft carrier isn’t ready for warfare. The $12.9 billion USS Gerald R. Ford — the most

July 20, 2016
Total Views: 101

Tuesday, July 19, 2016
Foreign Tanker Will Be First to Load Alaska Oil in Three Decades
News

Foreign Tanker Will Be First to Load Alaska Oil in Three Decades

By Sheela Tobben (Bloomberg) — A cargo of Alaska North Slope crude is scheduled to load next week aboard a foreign-flagged tanker for the first time in

July 19, 2016
Total Views: 102

MSC Oscar
Shipping News

China’s Deserted Road Turns Sorry Substitute for High Seas

By David Fickling (Bloomberg Gadfly) — Think China’s plans to build railways across central Asia will be a boon for global trade? Consider this:

July 19, 2016
Total Views: 49

First LNG to Pass Through Expanded Panama Canal Will Be American
Shipping News

First LNG to Pass Through Expanded Panama Canal Will Be American

By Naureen S. Malik (Bloomberg) — The first cargo of liquefied natural gas set to pass through the newly expanded Panama Canal locks will be American.

July 19, 2016
Total Views: 47

Monday, July 18, 2016
SBM Offshore Reaches Leniency Deal in Brazil
News

SBM Offshore Reaches Leniency Deal in Brazil

By Elco van Groningen (Bloomberg) — SBM Offshore NV, a Dutch oil-services provider, rose the most in nine months in Amsterdam trading after reaching a

July 18, 2016
Total Views: 60

DSME Shipyard South Korea
News

DSME Former Chief Financial Officer Indicted for Inflating Earnings

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co. said South Korean prosecutors indicted a former chief financial officer

July 18, 2016
Total Views: 36

In Brazil, Another Shipyard Goes Bust as Work Goes to Asia
News

In Brazil, Another Shipyard Goes Bust as Work Goes to Asia

By Sabrina Valle (Bloomberg) — If there’s one industry where all of Brazil’s political and economic upheavals come together, it’s shipbuilding. A

July 18, 2016
Total Views: 144

hapag-lloyd
News

Hapag-Lloyd Drops as Forecast Cut Overshadows UASC Merger Plan

By Nicholas Brautlecht (Bloomberg) — Hapag-Lloyd AG fell the most since its initial public offering in November as a forecast of lower profit and a

July 18, 2016
Total Views: 68

bahri vlcc tanker
News

Bahri Plans Biggest Tanker Fleet with 46 VLCCs

By Wael Mahdi (Bloomberg) — A venture between Arab Petroleum Investment Corp., known as Apicorp, and National Shipping Co. of Saudi Arabia will create

July 18, 2016
Total Views: 195

Sunday, July 17, 2016
China Shrugs Off Court Decision – Is International Law A Joke?
Shipping News

China Shrugs Off Court Decision – Is International Law A Joke?

by Noah Feldman (Bloomberg) An international court rules that China broke the law by building islands in the South China Sea. China doesn’t

July 17, 2016
Total Views: 191

Globalization Trade Map
News

Brexit Won’t Stop Globalization (or shipping)

by Michael Schuman (Bloomberg) Globalization—that irresistible force that is inevitably, inexorably fueled by large ships—looks to be in retreat.

July 17, 2016
Total Views: 74

News

Oil Flows Through Turkish Straits Unhindered

by Firat Kayakiran and Rakteem Katakey (Bloomberg) Oil is flowing unhindered through Turkey’s pipelines and waterways, one of the world’s largest energy

July 17, 2016
Total Views: 54

Friday, July 15, 2016
BP Raises Deepwater Horizon Spill Liability to $61.6 Billion
Shipping News

BP Raises Deepwater Horizon Spill Liability to $61.6 Billion

By David Wethe and Rakteem Katakey (Bloomberg) — BP Plc has raised the total liability from the Deepwater Horizon oil disaster, which triggered the worst

July 15, 2016
Total Views: 100

Largest U.S. Offshore Wind Farm Planned in New York Waters
Offshore

Largest U.S. Offshore Wind Farm Planned in New York Waters

By Christopher Martin (Bloomberg) — The Long Island Power Authority plans to approve a 90 megawatt wind farm off the coast of New York that would become

July 15, 2016
Total Views: 36