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Wednesday, February 10, 2016
Oil Traders Looking Again Towards Floating Storage
News

Oil Traders Looking Again Towards Floating Storage

By Javier Blas (Bloomberg) — The world is so awash with crude, the boss of BP Plc said people will be filling their “swimming pools” with it by the

February 10, 2016
Total Views: 43

Maersk’s Hedge Busted as Oil and Freight Revenue Slide
News

Maersk’s Hedge Busted as Oil and Freight Revenue Slide

By Chris Bryant (Bloomberg) — In “normal” times, AP Moeller Maersk’s oil production assets should provide a natural fuel-price hedge

February 10, 2016
Total Views: 72

Offshore Wind Turbines At Sea
News

Dong Energy to Acquire Lease for Wind Project Off New Jersey Coast

By Joe Ryan (Bloomberg) — Dong Energy A/S, the world’s largest offshore-wind developer, agreed to acquire a lease for a site off the coast of New

February 10, 2016
Total Views: 19

Tuesday, February 9, 2016
Fake London Trader Jailed for 14 Years After Scamming Allseas Out of $113 Million
News

Fake London Trader Jailed for 14 Years After Scamming Allseas Out of $113 Million

By Suzi Ring (Bloomberg) — A conman posing as a millionaire London trader who defrauded a Dutch shipping company of 100 million euros ($113 million) was

February 9, 2016
Total Views: 140

Monday, February 8, 2016
Nicaragua Sticks to $50 Billion Canal Plan as Setbacks Pile Up
News

Nicaragua Sticks to $50 Billion Canal Plan as Setbacks Pile Up

By Michael McDonald (Bloomberg) — Manuel Coronel Kautz isn’t a man who’s easily deterred. Good thing. Because as head of Nicaragua’s Canal

February 8, 2016
Total Views: 25

USS Milwaukee (LCS 5) during sea trials
News

U.S. Navy Urged to Slow LCS Deployments Until More Testing

By Tony Capaccio (Bloomberg) — Two top senators on defense issues say U.S. Navy leaders should consider delaying deployment of the new Littoral Combat

February 8, 2016
Total Views: 23

Nigerian Navy Foils Hijack of Maersk-Linked Ship
News

Nigerian Navy Foils Hijack of Maersk-Linked Ship

By Tony Tamuno and Paul Wallace (Bloomberg) — Nigeria’s navy foiled an attempt by pirates to hijack a container ship operated by A.P. Moeller-Maersk

February 8, 2016
Total Views: 42

diamond offshore drilling ocean blackhornet
News

GE Tackles Offshore Oil Spill Prevention in New BOP Pact

By David Wethe (Bloomberg) — Diamond Offshore Drilling Inc. is turning over care and handling of the massive rig safety devices designed to stop well

February 8, 2016
Total Views: 157

Saturday, February 6, 2016
iranian crude supertanker
Shipping News

Iranian Crude – European To Import 300,000+ Barrels A Day

by Hashem Kalantari  Deena Kamel  (Bloomberg) Iran will start sending 300,000 barrels a day of crude to Europe, 54 percent of the total it

February 6, 2016
Total Views: 40

Friday, February 5, 2016
S.S. United States Restoration One of Many Grand Projects for Crystal Cruises
News

S.S. United States Restoration One of Many Grand Projects for Crystal Cruises

(Bloomberg) — “You either grow or die.” To Edie Rodriguez, president and CEO of Crystal Cruises, those words weren’t just lip service for the

February 5, 2016
Total Views: 127

Just 0.1% of Global Oil Output Has Been Halted Due to Low Prices
News

Just 0.1% of Global Oil Output Has Been Halted Due to Low Prices

By Javier Blas (Bloomberg) — After a year of low oil prices, only 0.1 percent of global production has been curtailed because it’s unprofitable,

February 5, 2016
Total Views: 32

Thursday, February 4, 2016
South Korea’s Hyundai Merchant Faces ‘Brutal’ Year
News

South Korea’s Hyundai Merchant Faces ‘Brutal’ Year

By Kyunghee Park and Kyungji Cho (Bloomberg) — More than two years after announcing a 3.3 trillion won ($2.7 billion) bailout of the Hyundai Group,

February 4, 2016
Total Views: 67

Wednesday, February 3, 2016
Oil Drilling Off U.S. East Coast Under Attack from Environmentalists
News

Oil Drilling Off U.S. East Coast Under Attack from Environmentalists

By Jennifer A. Dlouhy (Bloomberg) — Environmentalists emboldened by President Barack Obama’s rejection of the Keystone XL pipeline are now trying to

February 3, 2016
Total Views: 61

North Korea Tells IMO: We’re Launching Rocket Carrying Satellite
News

North Korea Tells IMO: We’re Launching Rocket Carrying Satellite

By Sam Kim (Bloomberg) — North Korea will launch a long-range rocket to put a satellite in orbit this month, a United Nations agency said, in a move that

February 3, 2016
Total Views: 110

Monday, February 1, 2016
west gemini drillship
News

Seadrill Deepens Cost Cuts to Ride Out CEO’s Worst Rig Slump

By Mikael Holter (Bloomberg) — Seadrill Ltd., once the crown jewel among billionaire John Fredriksen’s oil and shipping holdings, is deepening planned

February 1, 2016
Total Views: 20

Friday, January 29, 2016
Fifth U.S. Navy Official Pleads Guilty in Singapore Bribery Scandal
News

Fifth U.S. Navy Official Pleads Guilty in Singapore Bribery Scandal

By Bill Callahan (Bloomberg) — A U.S. Navy officer pleaded guilty to bribery over allegations he gave classified information about where ships were

January 29, 2016
Total Views: 69

littoral combat ships
News

U.S. Navy’s LCS Struggles to Fend Off Swarm Attacks, Tests Show

By Tony Capaccio (Bloomberg) — The U.S. Navy’s Littoral Combat Ship struggled in drills at sea to fend off a swarm of small attacking vessels like the

January 29, 2016
Total Views: 744

Thursday, January 28, 2016
tanker in storm
News

Crude Carriers Cutting Speeds as World Swims in Oil

By Alaric Nightingale and Alex Longley (Bloomberg) — The world’s biggest oil companies are asking tanker operators to slow down delivery of crude amid

January 28, 2016
Total Views: 45

Wednesday, January 27, 2016
Shell Seals BG Mega-Merger with Shareholder Approval
News

Shell Seals BG Mega-Merger with Shareholder Approval

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc won shareholder approval to buy BG Group Plc, sealing its biggest acquisition amid the worst

January 27, 2016
Total Views: 55

Tuesday, January 26, 2016
Wind Turbines
Offshore

Mainstream to Build $2.8 Billion Scottish Offshore Wind Farm

(Bloomberg) — Mainstream Renewable Power Ltd. said it’s in talks with a consortium led by power company InterGen NV to reach a financial close on its

January 26, 2016
Total Views: 32