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Friday, February 1, 2013
British Progress BP VLCC Very Large Crude Carrier
News

For VLCC Owners, “Another Week of Pain Beckons”

(Bloomberg) — Losses widened for the largest oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, as a surplus of

February 1, 2013
Total Views: 30

iron ore port hedland bhp billiton
News

Ore, Coal Arbitrages Seen Exceeding Chinese GDP for Ship Demand

(Bloomberg) — Price arbitrages that make it profitable for traders to ship coal and iron ore to China may become more important in determining ship

February 1, 2013
Total Views: 2

suez canal container ship shipping
News

Suez Canal Seen Kept Open by Egyptian Army as Ship Agent Suspends Service

(Bloomberg) — Egypt’s army is maintaining shipping services through the Suez Canal, which handles about 8 percent of world trade, amid unrest

February 1, 2013
Total Views: 22

gatun locks panama canal
News

Panama Canal Expansion Will Likely Be Central to US LNG Export Trade

(Bloomberg) — Six years after the Panama Canal began a $5.25 billion expansion to capture shipments of Asian-made goods to the U.S. East Coast, the flow

February 1, 2013
Total Views: 7

seadrill
Finance

Seadrill Shares Fall on Increased Deepwater Rig Downtime and Delays

(Bloomberg) — Seadrill Ltd., controlled by Norway’s John Fredriksen, dropped the most in two months in Oslo after downtime for its deepwater rigs

February 1, 2013
Total Views: 1

Thursday, January 31, 2013
bulk carrier heavy seas storm ocean waves

Rates Slump for Eighth Day as Australian Storms Cut Charters

By Michelle Wiese Bockmann (Bloomberg) — The Baltic Dry Index, a measure of commodity freight costs, slumped for an eighth day as storms curbed charters

January 31, 2013
Total Views: 18

Seri Angkasa misc berhad lng carrier
News

Petronas Makes $2.8 Billion Buyout Offer for MISC, World’s 2nd Largest LNG Shipper

(Bloomberg) — Petroliam Nasional Bhd., Malaysia’s state-owned energy company, offered to buy out shipping unit MISC Bhd. in a deal worth 8.7

January 31, 2013
Total Views: 44

Golden Ocean Group
News

Fredriksen’s Golden Ocean Group Gains on Speculation Dry Bulk is Set for a Revival

(Bloomberg) — Golden Ocean Group Ltd., the shipping company controlled by billionaire John Fredriksen, rose the most in a week in Oslo trading after

January 31, 2013
Total Views: 7

Wednesday, January 30, 2013
iron ore australia dry bulk pier darwin
News

Capesize Rates and Iron Ore Prices Decline as Chinese New Year Approaches

(Bloomberg) — Iron ore is poised to decline through the end of March as China, the world’s largest user, has a week-long holiday next month and

January 30, 2013
Total Views: 0

dry bulk grain loading shipping port of houston
News

Ships Line Up Off Brazilian Ports After Record Soybean Harvest

(Bloomberg) — A record soybean crop in Brazil, set to be the world’s largest producer and exporter this season, is creating a backlog of ships at

January 30, 2013
Total Views: 59

Tuesday, January 29, 2013
BW Luck vlcc
News

BW Group Left Holding the Bag as Saudi Aramco Gets Ridiculous VLCC Charter Deal

(Bloomberg) — Saudi Arabian Oil Co., the world’s biggest state-owned crude producer, booked a tanker to haul a cargo to the U.S. Gulf Coast next

January 29, 2013
Total Views: 6

Grounding Incidents

Oil Spill Backs Up 800 Barges Along Mississippi River

By Alan Bjerga Almost 800 barges are backed up in the southern portion of the Mississippi River while an oil spill is cleaned up, the U.S. Coast Guard said.

January 29, 2013
Total Views: 29

Uncategorized

LaHood Stepping Down as DOT Secretary

By Angela Greiling Keane and Jeff Plungis U.S. Transportation Secretary Ray LaHood, one of two Republicans to serve in President Barack Obama’s cabinet,

January 29, 2013
Total Views: 1

opec headquarters vienna
News

Tanker Glut Worsening as OPEC Makes Huge Cut in Oil Production

(Bloomberg) — OPEC’s deepest output cut since the global recession in 2008 is creating the biggest surplus of oil tankers in the Persian Gulf in at

January 29, 2013
Total Views: 0

News

Seaspan May Order 15 More Containerships from Hyundai Heavy

(Bloomberg) — Seaspan Corp, a ship-leasing unit of Tiger Group Investments, may order as many as 15 more container ships over the next year to benefit

January 29, 2013
Total Views: 21

Monday, January 28, 2013
rio tinto capesize iron ore bulk carrier cape lambert
News

Day Rates for Dry Bulk Ships Fall as Storms Hinder Australian Ore and Coal Cargos

(Bloomberg) — Iron ore and coal shipping costs slid for a fifth day amid speculation storms in Australia are curbing demand for vessels carrying the

January 28, 2013
Total Views: 19

Francois Gabart macie vendee globe
Multimedia

Francois Gabart Wins the Vendee Globe, Breaks Solo Round-the-World Record

Jan. 27 (Bloomberg) — French yachtsman Francois Gabart won the Vendee Globe solo round-the-world sailing race after 78 days at sea, setting a world

January 28, 2013
Total Views: 23

Saturday, January 26, 2013
transocean offshore
Finance

Transocean Shares Jump Almost 3 Percent After Icahn Suggests $4 Dividend

Jan. 25 (Bloomberg) — Billionaire investor Carl Icahn called on Transocean Ltd. to issue a $4-a-share dividend and said he will propose the dividend at

January 26, 2013
Total Views: 4

Friday, January 25, 2013
Costa Concordia Hull Damage

Costa Concordia Probe Expands to Costa Crociere

By Marco Bertacche (Bloomberg) — Carnival Corp.’s Costa Crociere unit is under probe for “possible violations” of the Italian

January 25, 2013
Total Views: 64

Ports

Storms Halt Steelmaking-Coal Shipments From Biggest Exporter

(Bloomberg) — Storms interrupted exports of coal used in steelmaking from ports on the northeast coast of Australia, which accounts for 53 percent of

January 25, 2013
Total Views: 5