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Wednesday, May 4, 2016
maersk oil sale
Offshore

Oil Price Risk Forces Maersk to Plan Deeper Cost Cuts

By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S is adapting its cost base to prepare for the risk of lower crude prices as the world keeps

May 4, 2016
Total Views: 65

DSME Shipyard South Korea
News

DSME Posts Operating Loss on Offshore Costs

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipbuilder, posted a first-quarter loss

May 4, 2016
Total Views: 60

Tuesday, May 3, 2016
offshore wind block island
Offshore

One State Holds Key to America’s $10 Billion Offshore Wind Boom

By Joe Ryan (Bloomberg) — Lawmakers in Massachusetts are drafting a bill that would jump-start the offshore wind industry in the U.S., helping trigger a

May 3, 2016
Total Views: 79

Monday, May 2, 2016
Sailing Legend Ditching Modern Tech in Daring Trans-Atlantic Race
News

Sailing Legend Ditching Modern Tech in Daring Trans-Atlantic Race

By Noah Davis (Bloomberg) — Loïck Peyron will spend the next month crossing the Atlantic Ocean, something he has done several times before. But this

May 2, 2016
Total Views: 50

Friday, April 29, 2016
Seadrill Semi-Rig West Pegasus
Shipping News

Seadrill Makes First Step Toward Refinancing

By Stephen Treloar and Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore driller with the biggest debt load, reached a deal with its banks to

April 29, 2016
Total Views: 1227

Thursday, April 28, 2016
Samsung Heavy Industries Shipbuilding (Geoje, South Korea)
Offshore

Samsung Heavy Industries Loses $4.6 Billion Shell Order

By Kyunghee Park (Bloomberg) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder, said an order to build three floating liquefied

April 28, 2016
Total Views: 124

Wednesday, April 27, 2016
Norwegian Rainmaker Predicts Oil Crash is Near Bottom
News

Norwegian Rainmaker Predicts Oil Crash is Near Bottom

By Jonas Cho Walsgard (Bloomberg) — Shipping is about to lead a recovery in global offshore markets that have been battered by plunging oil prices,

April 27, 2016
Total Views: 58

Tuesday, April 26, 2016
Statoil Enters German Offshore Wind Market Through $1.4 Billion Project with EON
News

Statoil Enters German Offshore Wind Market Through $1.4 Billion Project with EON

By Mikael Holter (Bloomberg) — Statoil ASA, Norway’s biggest oil company, bought a 50 percent stake in EON SE’s Arkona offshore wind farm, entering

April 26, 2016
Total Views: 26

DSME Shipyard South Korea
News

South Korea Vows More Steps in Revamp of Ailing Shipbuilders

By Heejin Kim and Kyunghee Park (Bloomberg) — South Korea said it will take more active steps to help the nation’s shipping and shipbuilding industries

April 26, 2016
Total Views: 29

Monday, April 25, 2016
Canadian Government Waivers on Tanker Ban Giving Northern Gateway Pipeline Project New Life
News

Canadian Government Waivers on Tanker Ban Giving Northern Gateway Pipeline Project New Life

By Josh Wingrove and Jeremy van Loon (Bloomberg) — Enbridge Inc.’s Northern Gateway pipeline may get a new lease on life as the Canadian government

April 25, 2016
Total Views: 24

Antarctica Gets Hot for Another Reason: Cruise Tourism
Shipping News

Antarctica Gets Hot for Another Reason: Cruise Tourism

By Justin Bachman (Bloomberg) — In January 1966, the first ship carrying “citizen-explorers” arrived in Antarctica. At the time, only a handful of

April 25, 2016
Total Views: 138

Friday, April 22, 2016
Angola Accuses Congo of Wrecking Joint-Offshore Oil Development Agreement
News

Angola Accuses Congo of Wrecking Joint-Offshore Oil Development Agreement

By Tom Wilson and Candido Mendes (Bloomberg) — Angola’s oil minister accused neighboring Democratic Republic of Congo’s government of wrecking an

April 22, 2016
Total Views: 96

hanjin shipping boston containership
News

Hanjin Shipping Seeks Restructuring as Cash Dwindles

By Kyunghee Park (Bloomberg) — Hanjin Shipping Co., South Korea’s biggest container carrier that’s part of the Hanjin Group, said it will work with

April 22, 2016
Total Views: 47

Thursday, April 21, 2016
hapag-lloyd containership
News

Hapag-Lloyd and UASC in Merger Talks as Industry Grapples with Falling Freight Rates

By Nicholas Brautlecht (Bloomberg) — Hapag-Lloyd AG is in talks with United Arab Shipping Co. on a possible combination of their container businesses,

April 21, 2016
Total Views: 77

Wednesday, April 20, 2016
Sete Brasil Shareholders Approve Plan to File for Bankruptcy
News

Sete Brasil Shareholders Approve Plan to File for Bankruptcy

By Francisco Marcelino (Bloomberg) — Shareholders of oil-rig venture Sete Brasil Participacoes SA agreed to a plan to file for bankruptcy protection

April 20, 2016
Total Views: 79

Cheniere’s LNG Set to Reach Europe as U.S. Shale Gas Goes Global
News

Cheniere’s LNG Set to Reach Europe as U.S. Shale Gas Goes Global

By Anna Shiryaevskaya, Harry R. Weber and Joao Lima (Bloomberg) — Within a decade of revolutionizing domestic natural gas markets, U.S. shale will for

April 20, 2016
Total Views: 53

Tuesday, April 19, 2016
Highest Carbon Tax in Norway Prods Statoil to Try ‘Batwind’
News

Highest Carbon Tax in Norway Prods Statoil to Try ‘Batwind’

By Jessica Shankleman (Bloomberg) — The highest carbon tax in an oil producing nation has persuaded Norway’s state-owned driller to experiment with

April 19, 2016
Total Views: 54

Monday, April 18, 2016
Shenzhen port
News

More Mega Ships Predicted to Call at Key Shenzhen Hub

By Kyunghee Park (Bloomberg) — Billionaire Li Ka-Shing’s Hutchison Port Holdings Trust predicts more mega ships will call at its Shenzhen port to move

April 18, 2016
Total Views: 20

Big Oil’s `Rock Star’ in Congress Runs Rig Tours to Win Votes
Offshore

Big Oil’s `Rock Star’ in Congress Runs Rig Tours to Win Votes

By Jennifer A. Dlouhy (Bloomberg) — Congressman Steve Scalise leaned over the railing of the Chevron Corp. oil platform floating in inky blue waters 250

April 18, 2016
Total Views: 24

keppel shipyard
News

Keppel Profit Drops as Oil Slump Delays Offshore Projects

By Kyunghee Park (Bloomberg) — Keppel Corp., the world’s largest builder of oil rigs, reported a 41 percent decline in first-quarter profit as weak oil

April 18, 2016
Total Views: 12