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Friday, May 11, 2012
total top kill elgin platform
News

Total: “Top Kill” at Elgin Could Happen Today

PARIS (Dow Jones)–Total SA (TOT) Friday said it has everything ready to “kill” a leaking gas well in the North Sea. “We could carry

May 11, 2012
Total Views: 34

port of poti georgia
News

APM Terminals Plans Major Black Sea Investment in Georgia

COPENHAGEN (Dow Jones)–The port-operating arm of Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), APM Terminals, will invest over

May 11, 2012
Total Views: 363

Vessel Expenses Outweigh 42% Revenue Growth at Navios Maritime, S&P Lowers Outlook
Finance

Vessel Expenses Outweigh 42% Revenue Growth at Navios Maritime, S&P Lowers Outlook

(Dow Jones) Standard & Poor’s Ratings Services lowered its rating outlook on Navios Maritime Acquisition Corp. (NNA) to negative from stable,

May 11, 2012
Total Views: 30

CSAV
Finance

Losses Continue at Chilean Shipping Company CSAV

SANTIAGO -(Dow Jones)- Chilean shipper Compania Sudamericana de Vapores SA‘s (VAPORES.SN) first-quarter loss widened to $205 million compared with a

May 11, 2012
Total Views: 36

Thursday, May 10, 2012
bond super puma Eurocopter EC225 ditches
Incidents

Helicopter Carrying 14 Offshore Rig Workers Ditches in the North Sea

LONDON -(Dow Jones)- The U.K.’s main offshore workers’ union has called for all helicopters operated by Bond Aviation to be grounded pending an

May 10, 2012
Total Views: 427

mcdermott krishna godavari dhirubhai riser installation platform
Engineering News

McDermott’s Offshore Construction Backlog Increases by $1.9 Billion, Profits Down in Q1 However

(Dow Jones) McDermott International Inc.’s (MDR) first-quarter profit slid 11% due to lower activity in the Asia Pacific region, though cost controls

May 10, 2012
Total Views: 89

Settlement Reached in Philadelphia Duck Boat Civil Trial
Uncategorized

Settlement Reached in Philadelphia Duck Boat Civil Trial

Families of the two victims killed in the 2010 Philadelphia Duck Boat collision will split a $15 million settlement paid for by the companies involved in the

May 10, 2012
Total Views: 100

Glencore: Commodities Demand “Remains Healthy Across the Globe”
News

Glencore: Commodities Demand “Remains Healthy Across the Globe”

LONDON -(Dow Jones)- Commodities titan Glencore International AG(GLE.LN) Wednesday reported mixed first quarter output across commodity products and said its

May 10, 2012
Total Views: 51

Wednesday, May 9, 2012
Details Emerge of Viral Video Showing Shipboard Security Team Firing at Approaching Pirates
Piracy

Details Emerge of Viral Video Showing Shipboard Security Team Firing at Approaching Pirates

The private security firm who had a video go viral of one of their shipboard teams defending themselves against an approaching pirate skiff has been

May 9, 2012
Total Views: 1429

Golden Pass LNG
News

ConocoPhillips Looks to Grow Organically and Put Golden Pass LNG Terminal to Use, Somehow

HOUSTON (Dow Jones)–ConocoPhillips (COP) Chief Executive Ryan Lance said that the company stopped investing in its dry natural-gas production in North

May 9, 2012
Total Views: 61

Costa Concordia Wreck Removal Video, Not Quite Accurate
Marine Salvage

Costa Concordia Wreck Removal Video, Not Quite Accurate

Here’s how the Costa Concordia wreck removal will likely NOT happen, but they definitely show us some interesting insight into ship salvage. We talked

May 9, 2012
Total Views: 89

US Navy Littoral Combat Ships – Revolutionary, Vital
Blog

US Navy Littoral Combat Ships – Revolutionary, Vital

– By Rear Adm. Thomas Rowden, Director of Surface Warfare (US Navy) This debate is both natural and healthy. All parties have a vested interest in

May 9, 2012
Total Views: 54

Interview with Dockwise CEO Andre Goedee: Drydocking FPSOs at Sea and the Fairstar Deal
News

Interview with Dockwise CEO Andre Goedee: Drydocking FPSOs at Sea and the Fairstar Deal

I met up with Andre Goedee, CEO of Dockwise, at the Offshore Technology Conference in Houston last week.  Here’s what he had to say… What’s

May 9, 2012
Total Views: 149

Hyundai Together port of hamburg HHLA Container Terminal Altenwerder
News

13,000 TEU Containership “Hyundai Together” Calls on Port of Hamburg

Successful start: On her maiden voyage to Hamburg, the Hyundai Together was the first ship with a carrying capacity of 13,000 standard containers (TEU) to be

May 9, 2012
Total Views: 379

Tuesday, May 8, 2012
Tanker Market Update from Teekay: Q2 Rates Likely Lower as Refineries Go into Maintenance Period [VIDEO]
Multimedia

Tanker Market Update from Teekay: Q2 Rates Likely Lower as Refineries Go into Maintenance Period [VIDEO]

High OPEC oil production, strong demand from China, and increased shipping from West Africa has added to tanker demand, however as far east refineries go into

May 8, 2012
Total Views: 31

Jinhui Shipping & Transportation Ltd. (JIN.OS)
Finance

Jinhui Shipping Winces Under Low Freight Rates and Demand, Shares Down Over 10%

Norway-listed Jinhui Shipping & Transportation Ltd. (JIN.OS), a ship owner, charter and investment company, Tuesday warned that it expects to record a

May 8, 2012
Total Views: 41

COSCO 5000 pctc
Finance

COSCO Expects Business in 2012 to be “Difficult and Challenging”, Reports Lower Profits

SINGAPORE (Dow Jones)–Cosco Corp. (Singapore) Ltd. (F83.SG) said Tuesday its first-quarter net profit fell 25% from a year earlier, mainly due to lower

May 8, 2012
Total Views: 18

Sembcorp Adds Another $208 Million to the Books with Latest Jackup Rig Order
Engineering News

Sembcorp Adds Another $208 Million to the Books with Latest Jackup Rig Order

SINGAPORE (Dow Jones)–Singapore-listed Sembcorp Marine Ltd. (S51.SG) said Tuesday its unit has secured a rig building contract worth US$208 million from

May 8, 2012
Total Views: 38

Jag Pradip MR Tanker GE Shipping
News

India’s Great Eastern Shipping Sells MR Tanker

The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Pradip”, a Medium Range (MR) product carrier. The 1996 built

May 8, 2012
Total Views: 73

Ice transporter tanker
News

1 Million Barrels of Forties Crude Destined for Chile, North Sea Market Tightens

LONDON (Dow Jones)–BP PLC (BP) is looking to ship almost 1 million barrels of Forties crude to Chile in May, further tightening the oversupplied North

May 8, 2012
Total Views: 28