Bloomberg

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Tuesday, March 5, 2013
emma maersk

Maersk Line Beefing Up Singapore-Flagged Fleet

By Kyunghee Park March 6 (Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s biggest container-shipping company, plans to add more vessels

March 5, 2013
Total Views: 381

Scorpio and Tsakos Set to Profit on Increased U.S. Production of Refined Products
News

Scorpio and Tsakos Set to Profit on Increased U.S. Production of Refined Products

(Bloomberg) — Record production of so-called ultra-light oil from U.S. shale deposits will spur demand for tankers hauling refined fuels because of

March 5, 2013
Total Views: 43

conocophillips kenai lng alaska
News

ConocoPhillips to Cease Overseas Shipments of Alaskan LNG

(Bloomberg) — ConocoPhillips may cease shipments of liquefied natural gas from the U.S.’s only export terminal in Alaska because of insufficient

March 5, 2013
Total Views: 60

Monday, March 4, 2013
US Navy Freedom Class LCS
Navy

Pentagon Announces Orders for Four New LCS’

Tony Capaccio (Bloomberg) — Lockheed Martin Corp. and Austal Ltd. today received a combined $1.38 billion in orders for continued purchases of the

March 4, 2013
Total Views: 52

transocean
Finance

Icahn Applies Pressure to Transocean Board, Dividend Reinstated

(Bloomberg) — Transocean Ltd., the owner of the Deepwater Horizon rig that exploded while drilling in the U.S. Gulf of Mexico in 2010, reinstated

March 4, 2013
Total Views: 28

Dalian shipbuilding
News

Global Shipbuilding Capacity Seen a Third Lower From 2008 Peak

(Bloomberg) — Global shipbuilding capacity is about a third lower than it was at the 2008 peak as yards close or reduce employment, RS Platou Economic

March 4, 2013
Total Views: 40

iran flag
News

Iran Holds $3 Billion Credit with Turkey, Requests Ships In Lieu of Payment

(Bloomberg) — Iran has a $3 billion credit with Turkey over natural gas it sold to its neighbor and may use it to import commercial and leisure ships,

March 4, 2013
Total Views: 29

Al karaana q-flex lng carrier qatargas
News

Spot Rates for LNG Carriers Fall as Cargoes Become Scarce

(Bloomberg) — A lack of cargoes is limiting the market to ship liquefied natural gas as production needs to resume in Nigeria and start in Angola for

March 4, 2013
Total Views: 56

Saturday, March 2, 2013
CNOOC Said to Cede Operating Control of Nexen’s U.S. Gulf Assets
Offshore

CNOOC Said to Cede Operating Control of Nexen’s U.S. Gulf Assets

By Rebecca Penty and Sara Forden (Bloomberg) — Cnooc Ltd., China’s largest offshore oil and natural gas producer, was barred from controlling

March 2, 2013
Total Views: 58

Thursday, February 28, 2013
hsh nordbank deutsche bank nordlb
Finance

German Banks With Upside-Down Ship Loans Forgo Seizing Vessels

(Bloomberg) — Deutsche Bank AG and two other German lenders providing about 14 percent of credit to ship owners are forgoing seizing vessels even after

February 28, 2013
Total Views: 45

Pelican state american petroleum tankers
News

Product Tanker Owners Set to Profit on Greater Exports of U.S. Naphtha

(Bloomberg) — Rising U.S. naphtha exports could displace seaborne trade from the Middle East to boost demand for refined-oil tankers by 0.4 percent for

February 28, 2013
Total Views: 27

Shanghai Waigaoqiao Shipbuilding
Engineering News

Cargill to Order Capesize Ships as Yard Prices Hit 20-Year Low

(Bloomberg) — Cargill Inc., the agricultural trader that accounts for 2 percent of world freight, is ordering new ships in a reversal of a policy against

February 28, 2013
Total Views: 209

vale brasil vloc bulk carrier valemax
News

Shipping Iron Ore on Valemax Carriers Proves Extremely Costly for Brazilian Miner

(Bloomberg) — Brazilian miner Vale SA more than doubled spending on maritime freight in the fourth quarter as it shipped more of the steel-making

February 28, 2013
Total Views: 496

pacific basin shipping mv mount ocean
News

Pacific Basin Shipping Sells Off RoRo Fleet, Posts First Annual Loss Since IPO

  (Bloomberg) — Pacific Basin Shipping Ltd., Hong Kong’s biggest dry-bulk carrier, posted its first annual loss since listing in 2004 after a

February 28, 2013
Total Views: 104

Wednesday, February 27, 2013
Australian Cyclone Delays 74 Capesize Bulkers, Brazilian Ore Ships Stand to Benefit
News

Australian Cyclone Delays 74 Capesize Bulkers, Brazilian Ore Ships Stand to Benefit

(Bloomberg) — Charter rates for Capesize ships, which fell for a 14th session today, may rebound as increased export cargoes from Brazil compensate for

February 27, 2013
Total Views: 60

cyclone rusty
News

Australian Storm Seen Delaying 43% of Global Iron-Ore Exports

(Bloomberg) — A storm that closed Australian ports handling 43 percent of world iron-exports delayed as many as 74 vessels amid rain that might interrupt

February 27, 2013
Total Views: 47

Bergen group bmv Laksevåg
Engineering News

Bergen CEO Considers Further Shipyard Sales After Lucrative Rosenberg Deal

(Bloomberg) — Bergen Group ASA, a Norwegian shipbuilder and offshore services company, would consider offers for one or both of its two remaining

February 27, 2013
Total Views: 97

LNG Shipping Rates Will Likely Drop as Fleet Growth Surpasses Demand Through 2016
News

LNG Shipping Rates Will Likely Drop as Fleet Growth Surpasses Demand Through 2016

(Bloomberg) — Rates to ship liquefied natural gas will decline over the next three years as trade fails to keep pace with the construction of new

February 27, 2013
Total Views: 22

Tuesday, February 26, 2013
Camisea project lng terminal
News

Shell Expands LNG Portfolio in the Americas, Closes $4.4 Billion Asset Deal

(Bloomberg) — Royal Dutch Shell Plc, the world’s largest supplier of liquefied natural gas, agreed to buy LNG assets from Repsol SA for $4.4

February 26, 2013
Total Views: 32

BP Profit Push ‘Root Cause’ of Gulf Oil Spill, Witness Says
Interesting

BP Profit Push ‘Root Cause’ of Gulf Oil Spill, Witness Says

By Jef Feeley and Allen Johnson Jr. (Bloomberg) — BP Plc’s push to maximize profits and cut costs at the Macondo well was a “root

February 26, 2013
Total Views: 114