Oil Prices Stabilize, Uncertainty Remains
Bunker and crude prices stabilized this week as better than expected earnings and moderately improving government data had speculators holding their ground.
Bunker and crude prices stabilized this week as better than expected earnings and moderately improving government data had speculators holding their ground.
By Hyundai Heavy Industries As the fuel consumption efficiency of a ship is becoming a primary concern for shipowners, the length of the hull and the operating
Given the current price of low sulfur diesel, the enormous global emphasis on reducing the carbon footprint of our industry, and the fact the price of natural
SHANGHAI (Dow Jones)–China Cosco Holdings Ltd. (1919.HK) said Thursday that its net loss widened in the first quarter as its dry-bulk shipping
Houston-based offshore drilling contractor, Atwood Oceanics, announced today that one of its subsidiaries has been awarded a drilling services contract by a
By Doug Helton, National Oceanic and Atmospheric Administration (NOAA) For the past year, we at NOAA and the U.S. Coast Guard have been studying the possible
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USNS Spearhead (JHSV 1), the innovative high-speed catamaran transport ship under construction by shipbuilder Austal in Mobile, Alabama, successfully completed
Jumbo’s DP2 heavy lift vessel Jumbo Javelin has successfully installed the first Transition Pieces (TPs) for the Anholt Offshore Wind Farm in Denmark.
In a safety first for Aberdeen based diving contractors, Helix Well Ops UK successfully completed a dress-rehearsal of a saturation diver evacuation using a
In response to their continued global expansion, American Bureau of Shipping (ABS) has strengthened its executive leadership team with the election of Tony
Rolls-Royce provides equipment found on over 30,000 ships in 70 different navies around the world, including nearly every ship in the US Navy. I met up with
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– By Captain Rich Madden It’s 0-dark-30 somewhere in the Gulf of Aden and we are Eastbound in the Internationally Recommended Transit Corridor
Costamare Inc. (NYSE: CMRE), an Athens-based owner and charterer of containerships announced today that it has agreed to sell two 1984-built containerships,
The excellent marine electronics blog Panbo has reviewed Simrad’s new 4G broadband radar. They write: In my view, 4G truly is a significant upgrade from
If you’re in Bremerhaven, Germany and were expecting a container shipment from Port Said on board the Gerd Maersk, it’s going to be delayed…
One of the first things I do after reporting for my first bridge watch after crew change is to make sure the bridge windows have a nice layer of
The following is the summary of global piracy for the week of 19-25 April and weekly piracy warning, via Office of Naval Intelligence. YEMEN: Fishing vessel
LONDON -(Dow Jones)- Repairs are complete at Nexen Inc.’s (NXY) Buzzard oil field in the North Sea, shut since Saturday after an incident, the
PARIS (Dow Jones)–Oil major Total SA (TOT, FP.FR) Thursday said the specialized crew currently intervening on its North Sea Elgin Platform have further
http://www.youtube.com/watch?v=1l-FnV1y678 Sorry India, but it’s been over two years and your citizens are still sitting in a Somali hell hole for no
Gothenburg, Sweden †The recently established G6 Alliance has added direct service Gothenburg, Sweden to its weekly Far East/Europe port rotation with
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It’s really quite difficult to take a photo of an ocean wave that really looks like anything more than a ripple in the water once you download it to
LONDON (Dow Jones)–Recent incidents in the U.K. North Sea have highlighted the dangers faced by workers as ageing oil and gas installations reach the end
Rig builder Lamprell announced today the receipt of a $333 million order for two, Super 116E (Enhanced) Class jackups from Abu Dhabi’s National Drilling
In a rather bold statement during a meeting between Sovcomflot’s (SCF) Board of Directors last week, the Board’s Chairman, Ilya Klebanov noted:
– By Per Wiggo Richardsen, DNV Recognising that LNG is one of the best solutions for complying with upcoming emission regulations for ships, DNV is
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