Friday Bunker Update: The Decline in Oil Prices Continues…
14-21 June 2012 Composite close – $660.95 MT Oil prices continued their fall this past week as WTI reached new eight month lows and Brent reached lows
14-21 June 2012 Composite close – $660.95 MT Oil prices continued their fall this past week as WTI reached new eight month lows and Brent reached lows
LONDON–The sliding price of North Sea Forties crude, the main component of global benchmark Brent, is set to find support as up to 2 million barrels of
SINGAPORE (Dow Jones) —National Iranian Oil Co. will move its top fuel oil trader to head its Beijing office next month just as Europe’s embargo
Technip announced today they have been awarded a services contract for the Ichthys floating production storage and offloading (FPSO) unit. This contract
At the Überseebrücke pier, the Port of Hamburg has for the first time been able to welcome an LNG-fuelled ship. The KV BARENTSHAV belongs to the
I just noticed that Maersk Oil updated their Facebook “cover photo” with this fantastic image this morning. Do you notice anything odd about it
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The U.S. Army Corps of Engineers (USACE) on Wednesday submitted to Congress it’s awaited “U.S. Port and Inland Waterways
I met up with Pankaj Khanna, Chief Marketing Officer at Ocean Rig UDW at Marine Money in New York this week. Ocean Rig (ORIG:NASDAQ) owns 9 offshore
French offshore supply shipowner Bourbon Offshore said Thursday that it has landed 420 million euros in new financing to help with the company’s massive
Qatar Shipping SPC, a wholly owned subsidiary of Milaha (Qatar Navigation QSC), has secured a ten year US $110 million ship financing facility with QNB.
View Larger Map SYDNEY–A major rescue effort is underway after a boat carrying up to 200 asylum seekers capsized off the coast of Australia’s
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OSLO (Dow Jones) –Norwegian oil giant Statoil ASA (STO) said Thursday it expects global oil demand to peak at 103 million barrels a day around 2030,
Polarcus Limited (OSE: PLCS), a marine geophysical company headquartered in the UAE, announced today they had taken delivery of the Polarcus Adira, the eighth
Island Offshore took delivery today of the MV Island Crusader from STX OSV, Brevik. This is the first of two Rolls-Royce designed gas powered vessels ordered
With onlookers gazing and traffic halted, the Zen Hua 13 heavy lift ship, loaded with four of the world’s largest gantry cranes, made its way up the
In 2009, gCaptain’s sister site, UnofficialNetworks.com, took a long distance ski adventure to Antartica aboard the ice capable expedition ship. The trip
A suspected hoax distress call made earlier this month about a yacht explosion off the coast of New Jersey may be connected to a similar
In 2001, Sevan Marine established itself in Norway and began the research and development of cylindrically-shaped FPSO designs. It was a revolutionary new
Rolls-Royce announced today the signing of an £18 million contract with Italian shipyard Rosetti Marino S.p.A for the design and delivery of an integrated
Technip was awarded by Marathon Oil Norge AS an engineering, procurement, installation and commissioning contract, worth above €300 million, for the
Of all the ships in world trade some prefer the sleek lines of a ocean liner while others prefer the mighty aircraft carrier or battleship but both vessels are
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I recently met up with Katharine Palmer, Environmental Manager of Marine Product Development at Lloyd’s Register for an interview. Here’s what
By Robb M. Stewart Australia’s version of the Titanic has taken another step towards becoming reality. Finnish ship design and marine engineering firm
Greek shipowner, Paragon Shipping Inc. (NYSE: PRGN), announced today that it has taken delivery of the M/V Precious Seas, a 37,205 dwt Handysize vessel, from
This past weekend, Marinette Marine Corporation (MMC), a Fincantieri company, launched the Reuben Lasker, a fisheries survey vessel that the Wisconsin
The Berge Acongagua, owned by Norwegian company Bergesen Worldwide (BW Group) and operated by Brazilian mining group, Vale, docked at Nippon Steel Corporation
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