Bloomberg

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Wednesday, January 9, 2013
keppel fels shipyard tuas
Offshore

China Shipyards Set to Spark Price War Among Rigmakers

By Kyunghee Park and Jasmine Wang China’s shipbuilders are set to spark a price war in the oil-rig market. With orders for new ships plunging to an

January 9, 2013
Total Views: 143

Nigeria’s Navy Hands Over Russian Crew Busted With Guns to Police
Uncategorized

Nigeria’s Navy Hands Over Russian Crew Busted With Guns to Police

By Maram Mazen Nigeria’s navy said it handed over 15 Russian crew members to police for questioning after their ship was found to be carrying weapons

January 9, 2013
Total Views: 17

skf logo
Engineering News

SKF Combines Forces with Blohm & Voss in $104 Million Merger

SKF AB, the world’s largest maker of ball bearings, agreed to buy Hamburg-based ship-component maker Blohm & Voss Industries GmbH to expand its

January 9, 2013
Total Views: 56

Oceanic Vega cggveritas geoseismic ship
News

CGGVeritas Takes a 6% Hit After Brazilian Offshore Deals Fall Through

CGGVeritas, the largest seismic surveyor of oilfields, slumped by the most in more than three months in Paris trading after saying potential deals in Brazil

January 9, 2013
Total Views: 51

Tuesday, January 8, 2013
U.S. to Review Shell’s Arctic Exploration Plans
Offshore

U.S. to Review Shell’s Arctic Exploration Plans

By Jim Snyder The U.S. Interior Department said it will review oil and gas exploration in Alaska’s Arctic waters after the grounding of a Royal Dutch

January 8, 2013
Total Views: 13

norden panamax dry cargo deck grab coal
News

Norden Positioned to Capitalize on Lower Dry Bulk Freight Rates

D/S Norden AS, Europe’s biggest commodity-shipping company, is betting that transport rates will continue to slump this year, a wager that will help it

January 8, 2013
Total Views: 38

Monday, January 7, 2013
Emergency Deepening Buys Time on Mississippi River
Uncategorized

Emergency Deepening Buys Time on Mississippi River

By Brian Wingfield Emergency work to deepen the Mississippi River shipping channel will avert a shutdown of barge traffic this month, lawmakers said as

January 7, 2013
Total Views: 19

banks skyscraper shutterstock
Finance

Banks to Gain Tighter Grip on Shipping Industry

Banks will exert more control over the shipping industry this year as vessel values continue to decline, according to accounting firm Moore Stephens LLP.

January 7, 2013
Total Views: 52

cape sampagita
News

As Iron Ore Prices Approach 15-Month High, Relief for Dry Bulk Shippers Still Unlikely

Rising steel prices and falling stockpiles of iron ore in China may lead to increased imports of the commodity, boosting demand for shipping, according to

January 7, 2013
Total Views: 43

Sunday, January 6, 2013
Maersk Line Pressures Hong Kong on Low-Sulfur Fuel
Ports

Maersk Line Pressures Hong Kong on Low-Sulfur Fuel

Jasmine Wang, Kyunghee Park and Natasha Khan Maersk Line, the world’s biggest container-shipping company, threatened to stop using cleaner fuel at Hong

January 6, 2013
Total Views: 38

Saturday, January 5, 2013
Shell: The Plan Was Always to Move the Kulluk in December
News

Shell: The Plan Was Always to Move the Kulluk in December

Editor’s Note: Shell’s statement comes on the heels of reports yesterday that Shell’s decision to move the Kulluk was to avoid Alaskan state

January 5, 2013
Total Views: 48

bluefin tuna greenpeace
News

Single Bluefin Tuna Fetches $1.76 Million at Japanese Auction

Kiyomura K.K., a Tokyo-based sushi chain, paid a record 155.4 million yen ($1.76 million) to outbid an affiliate of a Hong Kong-based rival for a tuna it said

January 5, 2013
Total Views: 43

Friday, January 4, 2013
helixesg helix esg
News

Newly Streamlined Helix ESG Looks Like a Ripe Deep Water Takeover Play

Helix Energy Solutions Group Inc. is turning into a takeover target after streamlining the company to focus on its expanding operations for offshore oil-well

January 4, 2013
Total Views: 54

bhp billiton port hedland western australia bulk carrier
News

Capesize Rates Rise on Speculation of Chinese Iron Ore Stockpiling

Rates to ship iron ore rose the most in almost eight weeks on speculation China’s steel industry is stockpiling the commodity before domestic mines shut

January 4, 2013
Total Views: 22

Cosco guangdong
News

RS Platou: 45 Newbuild Bulk Carriers Re-Sold Due to Contract Defaults or Cancellations

At least 45 of the largest dry-bulk vessels were re-sold in 2012 while being built at shipyards because delays led to cancellations or the original orderer

January 4, 2013
Total Views: 39

Thursday, January 3, 2013
usace thebes rock removal
Defense

With $2.8 Billion in Cargo at Stake, US Army Clears Rocks to Keep Mississippi River Navigable

The drought-depleted Mississippi River will remain safe for barge traffic at least for the next week and possibly until Jan. 26, as the U.S. Army Corps of

January 3, 2013
Total Views: 48

Kulluk Grounding Revives the Debate: Is Shell Ready For Arctic Exploration?
Incidents

Kulluk Grounding Revives the Debate: Is Shell Ready For Arctic Exploration?

By Jim Efstathiou Jr. This week’s grounding of a rig off the coast of Alaska adds to a series of mishaps in Royal Dutch Shell Plc’s seven-year

January 3, 2013
Total Views: 29

Baltic Dry Index Turns Black, and Capesize Owners Are Still Eating Ramen Noodles
News

Baltic Dry Index Turns Black, and Capesize Owners Are Still Eating Ramen Noodles

The Baltic Dry Index, a measure of commodity shipping costs, rose for the first time since November, lifted by gains for the largest vessels as miners sought

January 3, 2013
Total Views: 39

hanjin dampier capesize bulk carrier
News

Japanese Firms May be Prohibited from Shipping South Korea-Bound Coal, Suspicion Runs Deep

South Korea’s government is moving to bar foreign shipping lines from contracts in the state-run energy sector as it supports domestic companies

January 3, 2013
Total Views: 62

mozah lng carrier samsung heavy industries
News

After Missing 2012 Targets, Korean Shipbuilders Forecast a Big Year Ahead

Hyundai Heavy Industries Co. and Samsung Heavy Industries Co., the world’s two biggest shipbuilders, forecast a jump in orders this year, helped by

January 3, 2013
Total Views: 44