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Thursday, June 9, 2016
west gemini drillship
News

Seadrill Will Make Second Bond Swap in a Month to Trim Debt Load

By Rakteem Katakey (Bloomberg) — Seadrill Ltd., the offshore driller seeking to cut its debt load, agreed to swap bonds for equity in the second such

June 9, 2016
Total Views: 67

Expanded Panama Canal Preparing for New Era of LNG
Shipping News

Expanded Panama Canal Preparing for New Era of LNG

By Michael McDonald and Naureen S. Malik (Bloomberg) — Panama said it expects 20 million tons of liquefied natural gas to pass through its canal annually

June 9, 2016
Total Views: 36

Wednesday, June 8, 2016
hyundai heavy shipyard
News

World’s Top Three Shipyards Submit Plans to Raise $7.3 Billion in Revamp

By Kyunghee Park (Bloomberg) — The world’s three biggest shipyards plan to raise a combined 8.41 trillion won ($7.3 billion) selling assets as part of

June 8, 2016
Total Views: 54

China Plans Manned Subsea ‘Space Station’ in South China Sea
News

China Plans Manned Subsea ‘Space Station’ in South China Sea

By Bloomberg News (Bloomberg) — China is speeding up efforts to design and build a manned deep-sea platform to help it hunt for minerals in the South

June 8, 2016
Total Views: 105

hyundai merchant marine
News

Hyundai Merchant Marine Falls on Concern Over Debt Plan

By Nikita Mathur and Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co., South Korea’s second-biggest shipping company, fell the most in three

June 8, 2016
Total Views: 69

DSME Shipyard South Korea
Shipping News

South Korean Prosecutors Raid DSME Offices

By Kyunghee Park (Bloomberg) — South Korea’s prosecutors raided the offices of Daewoo Shipbuilding & Marine Engineering Co. as the world’s

June 8, 2016
Total Views: 24

Monday, June 6, 2016
France Wants Coordinated EU Patrols in South China Sea
Shipping News

France Wants Coordinated EU Patrols in South China Sea

By David Roman (Bloomberg) — France will urge European Union nations to coordinate navy patrols to ensure a “regular and visible” presence in the

June 6, 2016
Total Views: 75

Friday, June 3, 2016
Offshore Wind Turbines At Sea
Shipping News

New York Has a Plan to Make Long Island Offshore Wind Cheaper

By Joe Ryan (Bloomberg) — New York State is mounting a broad effort to reduce the cost of building a wind farm off the coast of Long Island, an

June 3, 2016
Total Views: 36

Thursday, June 2, 2016
Rusty Ships and Unused Aircraft Carriers: the Other Side of Asia’s Militaries
Shipping News

Rusty Ships and Unused Aircraft Carriers: the Other Side of Asia’s Militaries

By David Tweed and Kristine Servando (Bloomberg) — As China spends billions to upgrade and reorganize the People’s Liberation Army, the

June 2, 2016
Total Views: 605

Monday, May 30, 2016
STX Offshore Files for Court’s Aid Amid Korean Industry Woes
News

STX Offshore Files for Court’s Aid Amid Korean Industry Woes

By Kyunghee Park (Bloomberg) — South Korean shipbuilder STX Offshore & Shipbuilding Co. filed for court protection, the latest trouble to surface in

May 30, 2016
Total Views: 91

barents sea drilling
News

Battered by Crude Collapse, Norway Now Faces Risk of Oil Strikes

By Mikael Holter (Bloomberg) — Norway’s oil companies and the industry’s biggest union had set aside two days to negotiate over wages for offshore

May 30, 2016
Total Views: 59

Friday, May 27, 2016
British Aircraft Carrier HMS Queen Elizabeth
News

U.K.’s Largest Aircraft Carrier Fighting to Meet Budget

By Benjamin Katz (Bloomberg) — The joint venture that is building two aircraft carriers for the U.K.’s Royal Navy is fighting to meet a 6.2 billion

May 27, 2016
Total Views: 181

Thursday, May 26, 2016
seadrill drillship
News

Fredriksen’s Seadrill Says Rig Market Has Bottomed

By Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore rig operator controlled by billionaire John Fredriksen, says the worst market downturn in a

May 26, 2016
Total Views: 35

For Tanker Owners, Shrinking Oil Glut Is Least of Their Worries
News

For Tanker Owners, Shrinking Oil Glut Is Least of Their Worries

By Firat Kayakiran (Bloomberg) — Tanker owners hauling the world’s crude were among the few big winners from an oil-price crash that started in

May 26, 2016
Total Views: 77

baltic exchange offices
News

SGX Only Gets Posh London Address With Baltic Exchange -Opinion

By David Fickling and Andy Mukherjee (Bloomberg) — What does Singapore’s bourse hope to get out of its takeover of the Baltic Exchange? On the face

May 26, 2016
Total Views: 40

Wednesday, May 25, 2016
Panama Canal Fever Sweeps Globe Again as New Era in Trade Opens
News

Panama Canal Fever Sweeps Globe Again as New Era in Trade Opens

By Alex Nussbaum and Naureen S. Malik (Bloomberg) — A century after transforming global markets, the Panama Canal is about to redraw world trade once

May 25, 2016
Total Views: 83

bow of a dry bulk carrier at anchor
Shipping News

Baltic Exchange in Exclusive Talks with Singapore Exchange

By Alaric Nightingale (Bloomberg) — The Baltic Exchange Ltd., a London-based publisher of shipping rates that shape the cost of hauling everything from

May 25, 2016
Total Views: 64

Tuesday, May 24, 2016
Offshore Drilling Foes Invoke 1953 Law to Prod Obama on U.S. Ban
Offshore

Offshore Drilling Foes Invoke 1953 Law to Prod Obama on U.S. Ban

by Jennifer A. Dlouhy (Bloomberg) — Environmental activists who dangled from bridges and paddled kayaks around an Arctic rig have a new strategy for

May 24, 2016
Total Views: 26

troll a
Shipping News

World Better Forget About $100 Oil Coming Back, Norway Says

By Mikael Holter (Bloomberg) — The oil market is rebalancing, but don’t count on ever seeing prices at $100 a barrel again: that’s the clear message

May 24, 2016
Total Views: 52

Port of Long Beach Chief Sees More Pain for Shipping Lines
News

Port of Long Beach Chief Sees More Pain for Shipping Lines

By Andy Hoffman (Bloomberg) — Global container shipping lines face one or two more years of pain as the industry consolidates amid overcapacity and

May 24, 2016
Total Views: 40