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Saturday, January 5, 2013
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: 67

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: 49

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: 30

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: 41

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: 72

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: 48

Wednesday, January 2, 2013
savoie vlcc euronav
News

Earnings for Supertankers Fall as Holiday Season Curbs Vessel Demand

Returns for the biggest oil tankers hauling Middle East crude to Asia, the industry’s benchmark route, fell for a fourth session as the year-end holiday

January 2, 2013
Total Views: 29

kulluk overflight video
Incidents

Damage Assessment Begins on the Stranded Kulluk [UPDATE]

Link: Previous Kulluk Update The U.S. Coast Guard and Royal Dutch Shell Plc were fighting 70 mile-per-hour winds and 40-foot swells as they tried to assess

January 2, 2013
Total Views: 89

zombie shutterstock
News

2013 May Spawn a New Breed of “Zombie” Shipping Companies

Earnings for ships that haul liquefied gases, cars and oil products are most likely to recover this year amid a continued glut of merchant vessels that may

January 2, 2013
Total Views: 37

maersk
Uncategorized

Investors Optimistic on Rising Freight Rates, Maersk Shares Rally

A.P. Moeller-Maersk A/S, owner of the world’s largest container line, rose the most in six weeks in Copenhagen trading on bets a deal on the U.S. budget

January 2, 2013
Total Views: 45

Tuesday, January 1, 2013
Record Bunker Costs Expected in 2013
News

Record Bunker Costs Expected in 2013

By Isaac Arnsdorf Accelerating world trade means the merchant fleet will burn the most fuel oil ever in 2013, driving ship owners’ biggest cost to a

January 1, 2013
Total Views: 33

Friday, December 28, 2012
Port Strike on HOLD: Dockworkers and Employers Agree to 30-day Extension
Ports

Port Strike on HOLD: Dockworkers and Employers Agree to 30-day Extension

By Brooke Sutherland Dockworkers and their employers reached a tentative agreement on royalty payments, averting a strike that would have shut down eastern

December 28, 2012
Total Views: 34

Thursday, December 27, 2012
Looming Port Strike Deadline Puts Pressure on Obama to Intervene
Ports

Looming Port Strike Deadline Puts Pressure on Obama to Intervene

By Brooke Sutherland President Barack Obama is facing pressure to intervene and prevent a strike that would gridlock eastern U.S. ports and risk damaging

December 27, 2012
Total Views: 17

bulk carrier iron ore shutterstock
News

Economists are Bullish on Iron Ore as Chinese Economic Growth Recovers

Iron ore is rallying the most in about two years as analysts predict that China, the biggest buyer, will import a record amount in 2013 as its accelerating

December 27, 2012
Total Views: 16

Wednesday, December 26, 2012
vitol
News

Escaping Singapore’s Congestion, Vitol to Sell Marine Bunkers in Malaysia

Vitol Group plans to start sales of marine fuel, or bunkers, to a port in southern Malaysia as it seeks to supply ship owners that moved from Singapore, the

December 26, 2012
Total Views: 89

Monday, December 24, 2012
rongsheng heavy industries
News

Rongsheng Heavy to Post First Loss in 4 Years

China Rongsheng Heavy Industries Group Holdings Ltd., the country’s largest shipbuilder outside state control, forecast its first annual loss in four

December 24, 2012
Total Views: 35

Friday, December 21, 2012
mariner platform statoil
News

Statoil Set to Make $7 Billion Investment in the UK North Sea

Statoil ASA, Norway’s biggest oil and gas producer, will invest more than $7 billion in its Mariner project, the largest offshore development in the U.K.

December 21, 2012
Total Views: 221