News

Germany: Kundt, Mützelfeldtwerft to Build Backhoe Dredgers

Germany: Kundt, Mützelfeldtwerft to Build Backhoe Dredgers

The Mützelfeldtwerft Nord GmbH, Cuxhaven, and the Kundt ServiceGmbH, Dormagen, will start working together

Read More
The Netherlands: Damen Presents New Shipping Concept to the Market

The Netherlands: Damen Presents New Shipping Concept to the Market

Damen Shipyards presents a new shipping concept to the market – the Damen Offshore Carrier (DOC) 7500

Read More
China: RHSI Delivers Oman Shipping’s First VLOC

China: RHSI Delivers Oman Shipping’s First VLOC

On August 20, China Rongsheng Heavy Industries delivered Oman Shipping’s first 380,000 DWT class VLOC.

Read More
Turkish scrappers profit from debt-ridden Greece’s shipping woes

Turkish scrappers profit from debt-ridden Greece’s shipping woes

Europe's ongoing recession has seen many firms flounder on the rocks, but for one Turkish ship breaking company, the long-lasting recession has meant more business than ever.

Read More
Hellenic Carriers: Sale of vessel

Hellenic Carriers: Sale of vessel

Hellenic Carriers Limited, an international provider of marine transportation services for dry bulk cargoes, is pleased to announce that,

Read More
DNV: ISO 50001certification to Arcadia Shipmanagement Co Ltd

DNV: ISO 50001certification to Arcadia Shipmanagement Co Ltd

DNV has awarded ISO 50001 certification to the Greek shipping company Arcadia Shipmanagement Co Ltd. DNV also evaluated the SEEMPs

Read More
Drewry White Paper: Index-Linked Container Contracts

Drewry White Paper: Index-Linked Container Contracts

Index linked contracts are a response to the failure of traditional fixed rate contracting…Persistent freight rate volatility is forcing container shipping to

Read More
High bunker prices starting to push tanker rates to higher ground

High bunker prices starting to push tanker rates to higher ground

In its latest weekly report on the tanker market, Braemar Seascope said that VLCC owners in the Arabian Gulf are starting to take notice of the rising bunker price

Read More
Rise of global LNG challenges gas monopolies

Rise of global LNG challenges gas monopolies

Liquefied natural gas (LNG) is now the fastest growing fuel in the world and spurred by new discoveries is set to challenge decades-old

Read More
Egypt struggles to buy fuel as credit dries up

Egypt struggles to buy fuel as credit dries up

Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug on credit and charge high premiums due

Read More
Petroleum refinery to buy its crude in September

Petroleum refinery to buy its crude in September

THE Kenya Petroleum Refinery expects to buy 80,000 tonnes of UAE Murban crude oil in September as it speeds up its processing rate under a new system in

Read More
TNK-BP's chief oil trader leaves, denies Rosneft move

TNK-BP's chief oil trader leaves, denies Rosneft move

The chief oil trader at TNK-BP said he would leave the Anglo-Russian oil venture, which faces an uncertain future as its owners seek to dissolve their fraught but highly lucrative partnership.

Read More
Texas refiners thirsty for Eagle Ford crude

Texas refiners thirsty for Eagle Ford crude

Two U.S. refiners on Thursday unveiled plans that will allow them to use more of the lower-cost crude oil from the prolific Eagle Ford shale play in South Texas.

Read More
US Mandates Oil Companies to Disclose Payments Abroad

US Mandates Oil Companies to Disclose Payments Abroad

United States-listed oil, gas and mining companies would henceforth be required to reveal all payments they make to foreign governments

Read More
Oil Declines for Second Day, Pares Loss as Storm Approaches Gulf

Oil Declines for Second Day, Pares Loss as Storm Approaches Gulf

Oil pared loss as concern that production in the Gulf of Mexico may be disrupted by an approaching storm countered sluggish progress in resolving Europe’s debt crisis.

Read More
S Korean Kogas' net profit surges nearly 150% on year to $36 million in Q2

S Korean Kogas' net profit surges nearly 150% on year to $36 million in Q2

South Korean state-run Korea Gas Corp - the world's largest buyer of LNG - said Thursday its net profit jumped 148.8% year on year to Won 40.3 billion ($35.7 million) in the second quarter from Won 16.2 billion a year earlier, on higher gas prices.

Read More
Genel Energy expands into Malta, Morocco

Genel Energy expands into Malta, Morocco

London-listed oil explorer Genel Energy announced deals that will help it to diversify into the Mediterranean and North Africa on Thursday, building on its strategy to expand outside its core region of Kurdistan.

Read More
Chevron Warns Future Australian LNG Projects at Risk

Chevron Warns Future Australian LNG Projects at Risk

Australia's liquefied natural gas industry is at a cross-roads because of cost increases and poor labour productivity in the country

Read More
INSIGHT-Syria casts net wide in search of oil deals

INSIGHT-Syria casts net wide in search of oil deals

The Syrian government is negotiating deals with firms in London, Singapore and the Middle East to sell crude oil in return for the fuel it needs to survive in the face of an increasingly bloody insurgency, documents seen by Reuters show.

Read More
Approvals for 52 oil, gas exploration blocksd delayed: Reddy

Approvals for 52 oil, gas exploration blocksd delayed: Reddy

Energy firms that have invested more than $12 billion have been hit by delays on required approvals for 52 exploration blocks,

Read More

We use cookies to improve your experience. By continuing to use our site, you accept our Cookies, Privacy Policy,Terms and Conditions. Close X