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Friday, January 29, 2016
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: 46

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

Monday, January 25, 2016
Piracy Threat Rises for Ships Off Somalia, IHS Says
News

Piracy Threat Rises for Ships Off Somalia, IHS Says

By Paul Richardson (Bloomberg) — Ships traveling through waters off the coast of Somalia face an increased risk of piracy this year, fostered by

January 25, 2016
Total Views: 33

Friday, January 22, 2016
Keppel Uncertainty Continues as Brazil Client Delays
Offshore

Keppel Uncertainty Continues as Brazil Client Delays

By Kyunghee Park and Jonathan Burgos (Bloomberg) — Keppel Corp.’s uncertainties about the oil- rig market are set to continue after a key customer in

January 22, 2016
Total Views: 27

uss fort worth
Interesting

Littoral Combat Ship Sidelined in Singapore After Gear Damage

By Tony Capaccio (Bloomberg) — A U.S. Navy Littoral Combat Ship is sidelined in port in Singapore because of damage to gears that propel the vessel,

January 22, 2016
Total Views: 87

Thursday, January 21, 2016
Cargill to Shut London Shipping Office Amid Market Crisis
News

Cargill to Shut London Shipping Office Amid Market Crisis

By Shruti Date Singh Bloomberg) — Cargill Inc. plans to close its London shipping office and consolidate some of its operations in Geneva as the freight

January 21, 2016
Total Views: 34

Arctic Ocean Holds ‘Mind-Boggling’ Opportunities
News

Arctic Ocean Holds ‘Mind-Boggling’ Opportunities

By Eric Roston (Bloomberg) — As chairman of investments at Guggenheim Partners, Scott Minerd thought he had a realistic view on how big an economic

January 21, 2016
Total Views: 35

Wednesday, January 20, 2016
Shell Profit Plunges at Least 42% as Oil’s Slump Deepens
News

Shell Profit Plunges at Least 42% as Oil’s Slump Deepens

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc, which is buying BG Group Plc in the industry’s largest deal in a decade, expects fourth-quarter

January 20, 2016
Total Views: 17

maersk-triple-e-class-bow
News

Maersk CEO Says Container Volumes Are Improving in 2016

By Christian Wienberg and Jonathan Ferro (Bloomberg) — Container volumes have picked up this year after the market suffered from sluggish growth and

January 20, 2016
Total Views: 31

Evergreen Founder Chang Yung-fa Dies at 88
News

Evergreen Founder Chang Yung-fa Dies at 88

By Yu-Huay Sun (Bloomberg) — Chang Yung-fa, the billionaire founder of Evergreen Group who turned a second-hand bulk carrier into Asia’s biggest

January 20, 2016
Total Views: 202

Tuesday, January 19, 2016
Havila Shipping’s Debt Plan Fails to Gain Support
News

Havila Shipping’s Debt Plan Fails to Gain Support

By Luca Casiraghi (Bloomberg) — Havila Shipping ASA said it has so far failed to get enough support from bondholders to postpone repayments on 5.7

January 19, 2016
Total Views: 52

barents sea drilling
Offshore

Norway’s Arctic Oil Ambitions Get $7 Billion Lifeline from Statoil

By Mikael Holter (Bloomberg) — Norway’s Arctic ambitions just got a $7 billion boost from Statoil ASA. Norway’s largest oil company was able to halve

January 19, 2016
Total Views: 50

Iran’s Low-Cost Barrels Lure Oil Titans
Shipping News

Iran’s Low-Cost Barrels Lure Oil Titans

By Rakteem Katakey and Grant Smith (Bloomberg) — Iran’s return to international markets will spur investment in the Persian Gulf nation’s neglected

January 19, 2016
Total Views: 20

China Offshore Driller CNOOC to Cut Output for First Time Since 1999
News

China Offshore Driller CNOOC to Cut Output for First Time Since 1999

Aibing Guo and Rakteem Katakey (Bloomberg) — China’s largest offshore oil company will cut output for the first time in more than a decade, prompting

January 19, 2016
Total Views: 25

Monday, January 18, 2016
rongsheng heavy industries shipyard shipbuilding
News

Chinese Shipyards See New Orders Fall by Almost Half in 2015

By Bloomberg News (Bloomberg) — New orders received by Chinese shipbuilders fell by nearly half last year from 2014, suggesting more consolidation is in

January 18, 2016
Total Views: 14

Friday, January 15, 2016
More Than Half of U.S. LNG Seen Destined for Europe
News

More Than Half of U.S. LNG Seen Destined for Europe

By Anna Shiryaevskaya (Bloomberg) — Europe is set to be the key destination for liquefied natural gas supplies from the U.S. after prices fell in Asia,

January 15, 2016
Total Views: 13

Thursday, January 14, 2016
U.S. Navy’s New Fast Transport Ships Can’t Stand Buffeting From High Seas
Interesting

U.S. Navy’s New Fast Transport Ships Can’t Stand Buffeting From High Seas

By Tony Capaccio (Bloomberg) — The U.S. Navy is spending millions of dollars to repair new high-speed transport ships built by Austal Ltd. because their

January 14, 2016
Total Views: 410

Cheniere Energy's Sabine Pass LNG Terminal. Photo credit: HDR, Inc.
News

First Sabine Pass LNG Export Delayed to Late February or March

Christine Buurma and Harry R. Weber (Bloomberg) — Cheniere Energy Inc. said its first cargo of liquefied natural gas from its new Louisiana export

January 14, 2016
Total Views: 58