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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: 24

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: 26

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: 13

Friday, April 15, 2016
One Chinese Shipyard Is So Unprofitable It’s Literally Becoming a Parking Lot
News

One Chinese Shipyard Is So Unprofitable It’s Literally Becoming a Parking Lot

By Ma Jie (Bloomberg) — Chinese shipbuilders are under so much financial strain that one of them is literally being turned into a parking lot. China

April 15, 2016
Total Views: 73

Thursday, April 14, 2016
U.S. Issues Tough New Rules for Offshore Drilling
News

U.S. Issues Tough New Rules for Offshore Drilling

By Jennifer A. Dlouhy (Bloomberg) — The Obama administration is imposing tough new regulations for offshore drilling nearly six years after the Deepwater

April 14, 2016
Total Views: 128

Exxon Says New Rules Will Sink Deepwater Oil Drilling
Offshore

Exxon Says New Rules Will Sink Deepwater Oil Drilling

By Joe Carroll (Bloomberg) — The world’s biggest oil explorers are fighting a U.S. plan to toughen offshore drilling rules that Exxon Mobil Corp. said

April 14, 2016
Total Views: 93

Japan’s K-Line Said to Cut Fleet of Smaller Bulk Carriers in Half
News

Japan’s K-Line Said to Cut Fleet of Smaller Bulk Carriers in Half

By Chris Cooper and Kiyotaka Matsuda (Bloomberg) — Kawasaki Kisen Kaisha Ltd., Japan’s third-largest shipping company, plans to halve the fleet of its

April 14, 2016
Total Views: 124

U.S. Set to Issue Tighter Offshore Drilling Rules Fought by Industry
News

U.S. Set to Issue Tighter Offshore Drilling Rules Fought by Industry

By Jennifer A. Dlouhy (Bloomberg) — The Obama administration will issue sweeping new regulations on offshore drilling Thursday, imposing potentially

April 14, 2016
Total Views: 30

Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion
News

Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion

By Tiffany Kary and Joe Carroll (Bloomberg) — Energy XXI Ltd. filed for bankruptcy protection after spending $5 billion on acquisitions in the years

April 14, 2016
Total Views: 69

The U.S. Has More Gas Than It Needs Yet Boston’s Importing Most Since 2012
Shipping News

The U.S. Has More Gas Than It Needs Yet Boston’s Importing Most Since 2012

By Naureen S. Malik (Bloomberg) — The U.S. is grappling with the biggest glut of natural gas in four years. And you wouldn’t know it from the number of

April 14, 2016
Total Views: 18

Wednesday, April 13, 2016
Bulker under construction at Yangzijiang Shipbuilding in China
News

China’s Yangzijiang Wins $510 Million Ship Order Amid Weak Demand

By Kyunghee Park (Bloomberg) — Yangzijiang Shipbuilding Holdings Ltd., China’s biggest private shipbuilder, won a $510 million order to build six very

April 13, 2016
Total Views: 36

Tuesday, April 12, 2016
carnival cruise ship
News

Cuba’s No-Cubans Rule Puts Cruise Lines in Uncharted Waters

By Justin Bachman (Bloomberg) — Carnival Corp.’s maiden voyage to Cuba next month will be filled with almost 700 cruisers looking to spend time

April 12, 2016
Total Views: 25

Monday, April 11, 2016
G7 Leaders Concerned By South China Sea Territorial Disputes
News

G7 Leaders Concerned By South China Sea Territorial Disputes

By Andy Sharp (Bloomberg) — Foreign Ministers from the Group of Seven leading economies expressed concern over territorial disputes in Asian waters where

April 11, 2016
Total Views: 61

Oil Climbs to Four-Month High
News

Oil Climbs to Four-Month High

By Mark Shenk (Bloomberg) — Oil rose to a four-month high in London ahead of a meeting in Doha this month where producers will discuss freezing output.

April 11, 2016
Total Views: 24

Friday, April 8, 2016
Nippon Yusen Shopping for Oil-Service Assets as Crude Prices Drop
News

Nippon Yusen Shopping for Oil-Service Assets as Crude Prices Drop

By Chris Cooper and Kiyotaka Matsuda (Bloomberg) — Nippon Yusen K.K., Japan’s largest shipping line, is looking to buy a company involved in deep-sea

April 8, 2016
Total Views: 42

Wednesday, April 6, 2016
keppel shipyard
News

Keppel, Sembcorp Rebounds May Be Short-Lived as Rig Orders Drop

By Jonathan Burgos and Kyunghee Park (Bloomberg) — The world’s two biggest builders of oil rigs saw their stocks rise the most in more than two years

April 6, 2016
Total Views: 19

An undated handout photo of the Gorgon LNG project located in Western Australia.
News

Production at Chevron’s Brand Spanking New Gorgon Mega-Project Could Be Shut for Months

By James Paton (Bloomberg) — Chevron Corp. temporarily halted output at its $54 billion Gorgon liquefied natural gas project in Australia due to

April 6, 2016
Total Views: 73

Tuesday, April 5, 2016
Why the Baltic Dry’s 62% Gain Is Bad News for Shipping
News

Why the Baltic Dry’s 62% Gain Is Bad News for Shipping

By David Fickling (Bloomberg) — Here’s reason to hope that spring has arrived for the global sea freight industry: The Baltic Dry Index, a measure

April 5, 2016
Total Views: 68

Friday, April 1, 2016
asia vision lng carrier
News

U.S. Taps India as Asia’s Debut Buyer of American Shale Gas

By Debjit Chakraborty, Anna Shiryaevskaya and Harry R. Weber (Bloomberg) — Gail India Ltd. bought the second shipment of liquefied natural gas from

April 1, 2016
Total Views: 49

Wednesday, March 30, 2016
cosco
News

China Shipping Profits Sink on Low Rates, Lingering Overcapacity

By Kyunghee Park and Clement Tan (Bloomberg) — China Cosco Holdings Co. posted a 22 percent slump in earnings last year, while China Shipping Container

March 30, 2016
Total Views: 64