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Thursday, December 24, 2015
Cyprus’ Plan to Boost Shipping’s Role in Economy Within Reach, Ross Says
News

Cyprus’ Plan to Boost Shipping’s Role in Economy Within Reach, Ross Says

By Paul Tugwell and Georgios Georgiou (Bloomberg) — Cyprus’s target to increase the contribution that shipping makes to its economy by around two

December 24, 2015
Total Views: 20

Wednesday, December 23, 2015
First Export of U.S. Crude Oil Booked After Ban Lifted
Shipping News

First Export of U.S. Crude Oil Booked After Ban Lifted

By Dan Murtaugh and Sheela Tobben (Bloomberg) — It took years to lift a ban on most U.S. oil exports. It took a week for the first shipment to

December 23, 2015
Total Views: 51

COSCO Singapore Explores Ways to Help Shipbuilding Business
News

COSCO Singapore Explores Ways to Help Shipbuilding Business

By Kyunghee Park (Bloomberg) — Cosco Corp. Singapore Ltd., the shipbuilding arm of China Ocean Shipping Group, is exploring options to support its

December 23, 2015
Total Views: 30

Tuesday, December 22, 2015
polar pioneer
Offshore

Shell Cuts 2016 Spending by $2 Billion as It Prepares for BG

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, further reduced spending plans for this year and 2016 as it

December 22, 2015
Total Views: 22

American LNG Exporters Turn to Europe as Asian Demand Sputters
News

American LNG Exporters Turn to Europe as Asian Demand Sputters

By Tim Loh, Christine Buurma and Harry R. Weber (Bloomberg) — For years, U.S. gas companies looking to export liquefied natural gas dreamed of a booming

December 22, 2015
Total Views: 20

Monday, December 21, 2015
Brent Oil Slides to 11-Year Low
Shipping News

Brent Oil Slides to 11-Year Low

By Mark Shenk and Grant Smith (Bloomberg) — Brent crude slumped to the lowest price since mid-2004 amid speculation suppliers from the Middle East to the

December 21, 2015
Total Views: 17

Slumping Oil Threatens Shell-BG Deal
Shipping News

Slumping Oil Threatens Shell-BG Deal

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc is on the brink of pulling off its biggest acquisition. Yet the widening discount of target BG

December 21, 2015
Total Views: 22

Saturday, December 19, 2015
U.S. Oil Is Too Good, Too Pricey and Too Far for Asia Buyers
Shipping News

U.S. Oil Is Too Good, Too Pricey and Too Far for Asia Buyers

By Debjit Chakraborty, Yuji Okada and Serene Cheong (Bloomberg) — In the world’s biggest oil market, buyers have better options than U.S. crude. As the

December 19, 2015
Total Views: 25

Friday, December 18, 2015
U.S. Reverses Decades-Old Crude Export Ban With Obama’s Backing
News

U.S. Reverses Decades-Old Crude Export Ban With Obama’s Backing

With the stroke of a pen, President Barack Obama on Friday ended 40 years of U.S. crude oil export limits by signing off on a repeal passed by Congress earlier

December 18, 2015
Total Views: 85

Congress Passes U.S. Spending Bill to End Crude Oil Export Ban
News

Congress Passes U.S. Spending Bill to End Crude Oil Export Ban

By Billy House and Erik Wasson (Bloomberg) — Congress passed a $1.1 trillion spending measure that averts a U.S. government shutdown and ends a 40-

December 18, 2015
Total Views: 44

Thursday, December 17, 2015
USS Milwaukee (LCS 5) during sea trials
News

U.S. Defense Secretary Orders Fewer Ships, More Jets

By Tony Capaccio (Bloomberg) — Defense Secretary Ash Carter has ordered U.S. Navy leaders to buy fewer ships so the service can spend more on jets such

December 17, 2015
Total Views: 15

With Lifting of Crude Ban, Shale Drillers Will Be Free to Export U.S. Oil Into Global Glut
News

With Lifting of Crude Ban, Shale Drillers Will Be Free to Export U.S. Oil Into Global Glut

By Joe Carroll (Bloomberg) — U.S. shale drillers will soon be able to sell their oil all over the world. Too bad no one needs it right now. A

December 17, 2015
Total Views: 17

Wednesday, December 16, 2015
New Rolls-Royce CEO Picks Top Management Amid Profit Warnings
News

New Rolls-Royce CEO Picks Top Management Amid Profit Warnings

By Andrea Rothman and Benjamin Katz (Bloomberg) — Rolls-Royce Holdings Plc Chief Executive Officer Warren East culled senior managers including the heads

December 16, 2015
Total Views: 49

Shell Seeks to Preserve U.S. Drilling Rights in Arctic Ocean
News

Shell Seeks to Preserve U.S. Drilling Rights in Arctic Ocean

By Jennifer A. Dlouhy (Bloomberg) — Royal Dutch Shell Plc is fighting to preserve U.S. drilling rights in Arctic waters three months after halting

December 16, 2015
Total Views: 21

U.S. Poised to Lift 40-Year-Old Crude Oil Export Ban
News

U.S. Poised to Lift 40-Year-Old Crude Oil Export Ban

By Brian Wingfield and Jennifer A. Dlouhy (Bloomberg) — The U.S. is poised to reverse an energy policy that has helped define its relations with the

December 16, 2015
Total Views: 73

Tuesday, December 15, 2015
Baltic Dry Index Plummets to New All-Time Low – 471 Points!
Interesting

Baltic Dry Index Plummets to New All-Time Low – 471 Points!

Update: The Baltic Dry Index slid further Wednesday, closing at 471 points – its new all-time low. By Manisha Jha (Bloomberg) — The shipping

December 15, 2015
Total Views: 51

Monday, December 14, 2015
China Shipping Reform Fails to Enthuse Investors
News

China Shipping Reform Fails to Enthuse Investors

By Bloomberg News (Bloomberg) — China’s biggest shipping reform failed to enthuse investors as two major companies lost more than $850 million in total

December 14, 2015
Total Views: 42

Shell to Cut 2,800 Jobs After BG Deal
Offshore

Shell to Cut 2,800 Jobs After BG Deal

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion

December 14, 2015
Total Views: 17

Saturday, December 12, 2015
U.S. Senators Near Deal to Lift Oil Export Ban
News

U.S. Senators Near Deal to Lift Oil Export Ban

By Brian Wingfield and Billy House (Bloomberg) — Senate negotiators are nearing a deal to allow unfettered U.S. crude oil exports for the first time in

December 12, 2015
Total Views: 60

Friday, December 11, 2015
uss fort worth
News

Littoral Combat Ships’ Mine-Hunting Drones Can’t Find Mines, Pentagon Finds

By Tony Capaccio (Bloomberg) — The U.S. Navy’s new Littoral Combat Ship would be ineffective at hunting for mines because an underwater drone made by

December 11, 2015
Total Views: 101