Russia to increase electricity, LNG supplies to Japan

Russia is increasing energy supplies to Japan to help its disaster-hit neighbor tackle energy shortages. Russian President Dmitry Medvedev called for Russian producers of liquefied natural gas on Monday to review contracts with Japan and increase LNG supplies...

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Sudan plans oil audit to refute transparency fears

Sudan's president will ask a foreign company to check how much oil the country produced from 2005 to 2010 to rebut allegations of a lack of transparency in the industry, state media reported on Monday. [Read more] Source: Reut...

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Det norske Divests 10 percent in Gullris

Det norske oljeselskap ASA has agreed to divest 10 percent in PL 522, blocks 6604/2, 3, 4, 5 & 6, to Centrica Resources Norge AS. Det norske is reducing its interest from 20 percent to 10 percent. [Read more] Source:  OilVo...

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Libyan violence shuts down gas pipeline deliveries to Europe

As internal violence continues to destabilize Libya, deliveries of pipeline gas to European markets from that North African nation have ceased altogether.  [Read more] Source: Penn Ene...

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ONGC Videsh loses buyout bid in Angola oil block

ONGC Videsh, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has lost bid to buy US energy major Exxon Mobil's 25% stake in a deep-sea oil block in Angola. [Read more] Source: Business Stand...

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Chevron To Focus On Projects In Australia; To Boost Output 20% By 2017

Energy giant Chevron Corp. said Monday that in the next few years it would focus on completing its major natural gas development projects in Australia, which is expected to deliver "Chevron's next wave of significant growth." The company plans to increase oil...

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Repsol agrees the sale of a further 3.83% of ypf for $639 million

Repsol has agreed to sell 2.9% of YPF to Lazard Asset Management, and a further 0.93% to other investors, at $42.4/share. The sale of YPF shares is part of Repsol’s strategic goal to rebalance its portfolio of assets. Repsol has agreed to sell a 3.83% stake of...

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BLRT wins dredging vessel

The largest shipbuilding company in the Baltic States which is a subsidiary of BLRT Grupp entered into the agreement with the Scandinavian company to build the new vessel for dredging of sea bed. [Read More] Source: Asia...

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Hyundai Mipo, winner of S&M ships

Korea's Hyundai Mipo Dockyard is emerging as a new power in the small- and medium-size ship market. While small and medium yards in Japan and China are being withdrawn from the market with an earnest restructuring, Hyundai Mipo is newly paid a substantial attention...

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CSC pens four boxships

China's CSC Yichang Shipyard signed a newbuilding contract, on the 10th of this month, with Damen Shipyards Yichang, a subsidiary of Damen Shipbuilding Group of the Netherlands, to build four 8,200-dwt multi-purpose containerships for CNY 400m ($61m) in total. [Read...

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Japanese circumvent the quake

Japan's shipyards would not seriously be affected by the severe earthquake that swept Tohoku area last Friday. [Read More] Source: Asia...

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Japan effect ‘significant’

An unfolding tragedy in Japan following a devastating tsunami will have a significant impact on the shipping industry, a top analyst says. While the full extent of the saga is still to be seen, market watchers believe panamax and supramax bulker owners could benefit...

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Syria preps for offshore oil auctions

Preparations are set for Damascus to start auctioning exploration rights for development of offshore oil reserves, the Syrian oil minister said. [Read more] Source: ...

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First 2-stroke Gas Engine Taking Quantum 1-Stroke Further

By introducing a new solution for LNG-fuelled ships, DNV and MAN Diesel & Turbo are taking the Quantum concept ship one stroke further. Both the machinery and the hull design and arrangement have been improved. [Read More] Source: Shippipe...

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Tsunami Disaster – “CMA CGM Takes Action for Japan”

Following the earthquake and tsunami that have severely hit Japan, CMA CGM takes action to support its teams on site and help in the delivery of emergency assistance. CMA CGM Group has set up an Emergency and Communication Response Team that is closely monitoring...

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Falklands’ oil company announces further drilling and seismic surveying

Rockhopper Exploration plc, the first company to have struck oil in the current round, announced Monday it has entered into an agreement to secure three additional well slots with the ‘Ocean Guardian’drilling rig. [Read more] Source: MercoPr...

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Former Northrop Grumman shipbuilding inspector charged with lying to NCIS

The U.S. government fled criminal charges Monday against a former Northrop Grumman Newport News shipyard inspector, accusing him of lying about weld certifications on Navy ships that he did not inspect. [Read More] Source: Marine ...

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MAN Diesel Turbo completes tests of turbocharger for small bore two strokes

A turbocharger specifically designed for small-bore, two stroke engines has completed an extensive test program on MAN Diesel & Turbo's turbocharger test bed in Augsburg, Germany. [Read More] Source: Marine ...

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Seaspan and Carlyle Group in $5 billion ship acquisition joint venture

Seaspan Corporation, the Washington family, Gerry Wang and Graham Porter are partnering with the Carlyle Group and Tiger Group Investments to acquire more than $5 billion of ships. [Read More] Source: Marine ...

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Yangtze cargo tops the world for sixth straight year

BY the end of 2010, Yangtze River's navigation capacity has been raised by more than 50 per cent, while cargo movement of the river has stayed as the world's largest for the six consecutive years, Xinhua reports. [Read More] Source: Shipping Onl...

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Gas from South Pars Field Phase 12 to Reach Iranian Shore Next Year

Gas flow from the offshore South Pars gas field phase 12 will reach onshore installations up to the end of next Iranian calendar year (ending on March 20 2012), Rasoul Falahnejad who is in charge of the phase 12 development announced here. [Read more] Source:...

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US security firm seeks partnership with indigenous shipowners

In a bid to ensure security on the nation’s waterways, a US-based firm has commenced talks with the Indigenous Shipowners Association of Nigeria (ISAN) for partnership in achieving secured maritime environment. [Read More] Source: Vangu...

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Chrysaor increases Spanish Point stake in Ireland: Providence

Providence Resources said that its partner Chrysaor is exercising its pre-agreed option to increase its equity stake in the Spanish Point area (Frontier Exploration Licence (FEL) 2/04) and adjacent license (FEL 4/08) in the Main Porcupine basin, offshore Ireland. [Read...

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Iron-Ore Demand May Drop on Quake, Hurting Index, Shippers Say

Demand for iron ore, the biggest dry-bulk cargo moved by sea, may weaken after Japan’s strongest earthquake on record disrupted steel output, potentially hurting a recovery in the Baltic Dry Index, shippers say. [Read More] Source: Bloomb...

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Ship owners wait for ship values to drift even lower before reentering the market

With the dry bulk market recovering last week, one should expect that ship owners would “flood” the second hand ship market in securing new deals, on renewed hopes for a swifter rebound of freight rates. [Read More] Source: Hellenic Shipping N...

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Trelleborg: Trelleborg acquires business enabling further expansion in offshore oil and gas in Brazil

Through its Trelleborg Engineered Systems business area, Trelleborg has signed an agreement to acquire a business in the offshore oil and gas industry in Brazil from a subsidiary of Veyance Technologies Inc. The business focuses on specially designed oil hoses...

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AGR Drilling Services Appoints New Chief Financial Officer

The role of Chief Financial Officer at AGR Drilling Services has been taken on by Rune M. Daae, who brings a wealth of experience to the position.  [Read more] Source: OilVo...

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Ghana Plans 13 Additional Oil Shipments By Aug. 1, GNPC Says

Ghana will ship 13 additional cargoes of crude from its offshore Jubilee field by Aug. 1, according to a loading schedule released by the state-owned Ghana National Petroleum Corp. [Read more] Source: Bloomb...

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China’s shipyards brace for downturn

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China Orders Ships in Carlyle-Led Deal

China ordered 50 to 100 new container, tanker and dry-bulk ships Monday under a deal financed by a private-equity consortium led by Carlyle Group. Valued at between $5 billion and $10 billion, it's the biggest private-sector shipping deal ever, analysts said. [Read More] Source: The Wall Street Jou...

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Shell joint venture announces an important new oil discovery in deepwater Brunei

Brunei Shell Petroleum (BSP) announced today a significant new oil discovery in the coastal waters of the south-east Asian sultanate. The discovery, named Geronggong, is situated in the 3rd Offshore Acreage Area, approximately 100km offshore where water depth...

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Apache Names Gilbronson, Bright to Lead Oil and Gas Marketing Activities

Apache Corporation today announced that Dave Gilbronson and Mark Bright will lead Apache's oil and gas marketing organization, which will be divided along geographic lines. Gilbronson has been appointed to vice president of international marketing and Bright to...

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BG Group to Participate in Brazil Oil Block Bidding Rounds

BG Group Plc (BG/), the U.K.’s third- largest natural-gas producer, said it plans to bid for the rights to explore for oil in upcoming auctions in Brazil as the company accelerates investments. [Read more] Source: Bloomber...

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Inpex: Japan tragedy won't affect gas plan

The Japanese company planning to build a multi-billion dollar gas processing facility in Darwin says its operations are unlikely to be affected by the earthquake and tsunami disaster in Japan.[Read more]Source: ABC N...

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Major cruise lines: Little impact from tsunami

Major international cruise lines operating large passenger vessels reported little or no impact from the tsunami Friday other than a few port closings and reroutings. [Read More] Source: s...

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Japanese Freight And Container Line Issues Vessel Status Report After Disaster

There is no need for us to outline the scale of the disaster unfolding in Japan this week. The earthquake, measuring a colossal 9.0 on the Richter scale was bad enough but the Tsunami which followed has cost countless thousands of lives in a country which thought...

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Shipping Corp sees adverse impact on sector from Japan quake

Last week's devastating earthquake in Japan is expected to have a negative impact on India's local shipping industry, the country's largest shipping services firm told Reuters on Monday. [Read More] Source: Reut...

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Ex-Beluga chiefs face prosecution

IHS Fairplay reports that criminal investigations have been launched against former management of German project carrier Beluga Shipping on suspected fraud and false statements. IHS Fairplay quoted the public prosecution service in Bremen in its report. [Read More] Source: Offshore Shipping Onl...

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Shipping Container Specialists Buy Leading UK Company

TITAN Containers, the privately owned shipping container supply company has taken over one of Britain’s best known sale and rental groups of ex freight boxes, Essex based Boxtainer. In future the company will be known as TITAN Boxtainer Ltd. [Read More] Source:...

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Global Freight Rates of Container Shipping Poised to Rebound Strongly

When recent Libya chaos triggering an oil price surge, the liners were worried that political crises in Middle East and North Africa would hurt global container trade severely, but many research houses now believed that improving economic fundamentals in the U.S....

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Orient Overseas: Shipping Schedules To Japan Affected By Quake

Container shipper Orient Overseas (International) Ltd. (0316.HK) said Monday its shipping schedules to and from Japan have been affected by Friday's massive earthquake, and the company has temporarily shut its offices in Tokyo. [Read More] Source: The Wall Street Jour...

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Indian navy captures 61 pirates on Mozambican ship

Dozens of pirates aboard a Mozambican ship have been captured by India's navy after a gun battle in the Arabian Sea. [Read More] Source: ...

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Shipping Giant Says Japan Ports Are Operational

One bellwether of any recovery in Japan’s international trade after the earthquake and tsunami will be Maersk, the world’s largest container shipping line. [Read More] Source: The New York Ti...

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Mundra Port to Bid on Australian Coal Terminal

Mundra Port & Special Economic Zone Ltd. is keen on acquiring the operating rights of a major coal export terminal in northern Australia, and expects to submit a formal bid by April 8, a senior executive said Friday. [Read More] Source: The Wall Street Jo...

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Key Japanese oil port resumes some operations - industry sources

Japan's Chiba oil port, one of the country's biggest, has resumed some operations with at least one terminal remaining shut following last week's devastating earthquake and tsunami, industry sources said on Monday. [Read More] Source: Reut...

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The Big Guns Of Ocean Freight And Shipping Interests Open Fire On Pirates

The past few weeks have seen some serious new developments in the lawless oceans off the coast. As well as the normal threats to, and seizures of, container and bulk freight vessels three Danish children and their parents are still being held captive after their...

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Navy rescues 13 crew members from Somali pirates

In a significant anti-piracy operation, Indian Navy apprehended 61 pirates and rescued 13 crew members of a merchant vessel, which was being used by the pirates as a mother ship. [Read More] Source: The Hi...

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Somali pirates free Bangladeshi ship

A Bangladeshi ship hijacked by Somali pirates in December last year with 26 people aboard was freed on Monday after its owners paid a $4m ransom, company executives said. [Read More] Source: new...

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Shipping industry confident about Japan staging ‘early’ recovery

Even though the impact of the devastating earthquake and tsunami that rocked global economic powerhouse Japan on Friday will be felt by its shipping industry and auxiliary services at least for the next couple of months, sources in Qatar’s shipping industry are...

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Tokyo, south Japan ports operating normally: industry officials

Tokyo and all ports south of Japan's capital were operating normally, while the rest were being assessed for damage after last week's massive earthquake and tsunami, a shipowner and a port official said on Monday. [Read More] Source: Reut...

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Capesize driven aground

A laden capesize bulker was driven aground off Kashima; such was the destructive force of the tsunami that hit Japan on Friday. [Read More] Source: TradeWi...

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NYK bulker trio damaged

NYK says three of its panamax bulkers have been damaged by the giant tsunami that devastated eastern Japan on Friday. [Read More] Source: TradeWi...

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S. Korean shipbuilders slump on Japan quake

Shares in South Korean shipbuilders dropped on Monday as they are feared to face higher steel prices and a tight supply of steel plates in the wake of a massive earthquake in Japan. [Read More] Source: Yonhap N...

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South Korea flexes shipbuilding prowess

Looking like a film set from Blade Runner, colossal metal structures loom through the snow flurries beating the dockside in Ulsan, their lights and tangles of piping glistening through the gloom. The Korean shipbuilders are diversifying away from ordinary ships...

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Worker Killed in Drilling Rig-Barge Accident

A New Iberia drill worker was killed in an accident when a drilling rig fell on a barge in the Atchafalaya Basin.  The accident occurred earlier this week. [Read More] Source: Maritime Injury Law...

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