News

FKAB secured a contract for the design of a 2,400m³ trailing suction hopper dredger (TSHD) for the Taiwanese Kaohsiung Harbour Authority which will be built at Taiwan’s Ching Fu Shipyard.

OSX Brasil S.A. announces that TUPI B.V., a subsidiary of Petróleo Brasileiro S/A, has hired OSX Construção Naval S.A., a subsidiary of OSX

It’s no wonder that the dry bulk market has been tethering since the start of the year. the overflow of tonnage has been so enormous, that even China in its best of years

A surprise surge in gasoline prices is taking some of the fun out of summer. The national average for a gallon of gas at the pump has climbed to $3.67, a rise of 34 cents since July

Gulf Coast gasoline strengthened to the highest level in a week as Valero Energy Corp. (VLO) shut a catalytic cracker for unplanned maintenance at its Norco refinery in Louisiana.

Four refineries will be built in Iran based on indigenized technology and domestically-made equipment, the deputy oil minister for research and technology stated.

Kazakhstan's Kashagan oil field is set to make its first deliveries to markets in 2013 after years of delays, with large-scale exports expected from the middle of the year, industry sources told Reuters.

The increasingly sophisticated Russian refining industry is emerging as a key oil price driver, aided by tight European refined product stocks and the growing dominance of Russian Urals crude in European markets.

France Telecom-Orange has suffered a major incident on its cable-ship, the Chamarel. A fire broke out on the ship late afternoon on 8 August

Nordic Yards, manufacturer of innovative special ships and major maritime projects for the offshore wind and other industries, has signed a contract for the construction of a Wind Turbine Service Jack Up Vessel (WTSJUV).

Scottish Sea Farms has declared options to extend the contracts for Sølvtrans’ wellboats Ronja Skye and Ronja Settler for one year.

The latest official figures show that Phase One of ADPC’s flagship Khalifa Port is 1% from completion.

Hornbeck Offshore Services (HOS) has selected GL Noble Denton to undertake dynamic positioning (DP) assurance services across the company’s technologically advanced fleet of vessels.

Petrobras has signed contracts with Sete Brasil, Odebrecht and Etesco to charter and operate nine drillships. They are to be built in Brazil

Attempts to reduce the amount of paperwork weighing down shipping have so far had limited success, but a new survey of seafarers suggests there are good reasons why efforts should not be abandoned.

Drewry Maritime Research’s quarterly report Carrier Performance Insight revealed that industry-wide vessel schedule reliability improved to a new record high of 75.7% in the second quarter of 2012

Plans for the Trans Adriatic Pipeline project, aimed to carry Caspian natural gas to Italy, received a boost Thursday, as the pipeline consortium said energy giants BP PLC, France's Total SA and Azerbaijan's

Supplies of liquefied natural gas (LNG) to Europe are likely to drop by almost 70 percent by 2015 as the booming Asian market sucks up cargoes, Barclays said on Thursday.

Nirmal Bang has come out with its report on crude oil. According to the research firm, crude oil prices are expected to continue the upward rally, so one can buy crude on dips

Nigeria's 2013 budget will be based on a world oil price of $75 per barrel and projected national output of 2.53 million barrels per day, Finance Minister Ngozi Okonjo-Iweala said.