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Monday, January 28, 2013
Francois Gabart macie vendee globe
Multimedia

Francois Gabart Wins the Vendee Globe, Breaks Solo Round-the-World Record

Jan. 27 (Bloomberg) — French yachtsman Francois Gabart won the Vendee Globe solo round-the-world sailing race after 78 days at sea, setting a world

January 28, 2013
Total Views: 94

Saturday, January 26, 2013
transocean offshore
Finance

Transocean Shares Jump Almost 3 Percent After Icahn Suggests $4 Dividend

Jan. 25 (Bloomberg) — Billionaire investor Carl Icahn called on Transocean Ltd. to issue a $4-a-share dividend and said he will propose the dividend at

January 26, 2013
Total Views: 43

Friday, January 25, 2013
Costa Concordia Hull Damage

Costa Concordia Probe Expands to Costa Crociere

By Marco Bertacche (Bloomberg) — Carnival Corp.’s Costa Crociere unit is under probe for “possible violations” of the Italian

January 25, 2013
Total Views: 285

Storms Halt Steelmaking-Coal Shipments From Biggest Exporter
Ports

Storms Halt Steelmaking-Coal Shipments From Biggest Exporter

(Bloomberg) — Storms interrupted exports of coal used in steelmaking from ports on the northeast coast of Australia, which accounts for 53 percent of

January 25, 2013
Total Views: 62

Bulker Fleet Seen Expanding at Double the Pace of Demand

Bulker Fleet Seen Expanding at Double the Pace of Demand

By Michelle Wiese Bockmann (Bloomberg) — The fleet of ships carrying minerals and grains will expand at double the pace of trade growth for a second year

January 25, 2013
Total Views: 44

cosco
Finance

China COSCO Expects Huge Annual Loss, Trading Restricted on Shanghai Exchange

Jan. 25 (Bloomberg) — China Cosco Holdings Co., the nation’s biggest shipping company, is facing trading restrictions on its shares after saying it

January 25, 2013
Total Views: 22

Thursday, January 24, 2013
Fredriksen: Tankers Will be the First to Recover [UPDATED]

Fredriksen: Tankers Will be the First to Recover [UPDATED]

By Mikael Holter and Isaac Arnsdorf Jan. 25 (Bloomberg) — The market for oil and fuel tankers will be the first to recover from a glut in the shipping

January 24, 2013
Total Views: 25

kfels b class jack-up rig keppel
News

Keppel Chief: Opportunities Ripe for Acquisitions

By Kyunghee Park Keppel Corp., the world’s largest oil-rig maker, said there are opportunities to buy companies even as the entry of Chinese shipyards

January 24, 2013
Total Views: 31

Wednesday, January 23, 2013
VLCC Ovatella shell supertanker
News

Daily Earnings for VLCCs Plunge 76 Percent, Biggest Drop Since September

Jan. 23 (Bloomberg) — Earnings for the largest oil tankers plying the industry’s busiest trade route plunged 76 percent, nearing a reversion to

January 23, 2013
Total Views: 40

Capesize Rates Decline as Cyclone Closes Australian Ports
Ports

Capesize Rates Decline as Cyclone Closes Australian Ports

By Rob Sheridan Charter rates for Capesize ships, the biggest iron-ore carriers, fell for a second day as a storm forced ports to close in Australia,

January 23, 2013
Total Views: 25

csav logo
Finance

CSAV Emerges from the Darkness as Highest Returning Container Shipper

Jan. 23 (Bloomberg) — Chile’s richest family has turned the world’s worst-performing container shipper into a champion by shedding rented

January 23, 2013
Total Views: 117

vale brasil vloc bulk carrier valemax
News

Nippon Steel Considering Further Valemax Iron Ore Shipments

Jan. 23 (Bloomberg) — Nippon Steel & Sumitomo Metal Corp., Japan’s top steelmaker, will consider using more Valemax carriers to receive ore

January 23, 2013
Total Views: 74

Tuesday, January 22, 2013
noble group singapore
News

Noble Group to Add Former BP Oil Analyst Giovanni Serio to Roster

Jan. 23 (Bloomberg) — BP Plc’s head oil analyst for Asia, Giovanni Serio, plans to join Noble Group Ltd. in Singapore, four people with knowledge

January 22, 2013
Total Views: 277

tanker vlcc supertanker ship shipping
News

Biggest Glut of Supertankers Since September, Day Rates Fall Below $10k

Jan. 22 (Bloomberg) — The glut of supertankers competing for 2 million-barrel cargoes of Persian Gulf oil expanded to the highest in more than four

January 22, 2013
Total Views: 24

golar lng carrier tanker
News

Fredricksen is “Printing Money” With Golar LNG as Day Rates Begin to Fall

Jan. 22 (Bloomberg) — Rates to ship liquefied natural gas are dropping for the first time in four years amid a diminishing scarcity of the carriers

January 22, 2013
Total Views: 59

Monday, January 21, 2013
dredging international panama canal
News

Panama Canal Authority Wants a Piece of the “Pie”, Plans to Change Fee Structure

Jan. 21 (Bloomberg) — The Panama Canal, handling 5 percent of world trade, may change how it calculates tolls for ships carrying energy cargoes to boost

January 21, 2013
Total Views: 13

sabrina i bulk carrier
News

Pareto Securities: Dry Bulk Shipping Demand to Surpass Fleet Growth

Jan. 21 (Bloomberg) — Demand to ship dry-bulk commodities will exceed fleet growth in the year’s second half as the freight market begins to

January 21, 2013
Total Views: 28

trafigura
News

Trafigura Bullish on Clean Products Sector, Buys Trio of MR Tankers

Jan. 21 (Bloomberg) — Trafigura Beheer BV agreed to buy three medium-range tankers to carry refined oil products such as gasoline, its first purchase of

January 21, 2013
Total Views: 42

kvaerner asa logo
Engineering News

Kvaerner Slides as Rival Hyundai Heavy Wins Billion Dollar Rig Order

Jan. 21 (Bloomberg) — Kvaerner ASA, a Norwegian builder of oil platforms, dropped the most in almost a month in Oslo after it lost out on a $1.1 billion

January 21, 2013
Total Views: 45

k-line lng carrier
Uncategorized

DNB Markets: LNG Price Gap to Boost Ship Rates Through Spring

Jan. 21 (Bloomberg) — The gap between liquefied natural gas prices in Asia and the Atlantic will keep trades between the regions profitable through the

January 21, 2013
Total Views: 20