Premier Oil fields in Indonesia, Vietnam to begin output soon

Britain's Premier Oil expects first gas production at its Gajah Baru field in Indonesia in six months after a brief delay, while oil output at Vietnam's Chim Sao field remains on track for July, a senior executive said on Monday. [Read More] Source: Reut...

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Statoil to hit first Peregrino oil in Q2-Maersk FPSO

Brazil's Peregrino offshore oilfield, operated by Statoil , is expected to reach first oil in the second quarter of this year, the head of Maersk's floating, production and storage unit (FPSO) (MAERSKb.CO: Quote) said on Monday. [Read More] Source: Reut...

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Shell to join Chevron's Australia Wheatstone LNG project

Chevron Corp said on Sunday Royal Dutch Shell (RDSa.L) will join its Wheatstone liquefied natural gas project off the coast of Western Australia as an equity participant and natural gas supplier to the project. Chevron will sell 6.4 percent of its stake to Shell,...

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Statoil launches Visund investigation

 Statoil has launched an investigation into the gas leak that occurred at Visund on April 9. The leak occurred in a riser carrying oil and gas from well A21 to the platform. The Njord platform in the Norwegian Sea. Photo: Øyvind Hagen, Statoil  On...

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S. Korea's SPP wins order for five bulk carriers

South Korea's SPP Shipbuilding Co. Ltd. said Thursday that it has won an order from a Turkish company to build five bulk carriers. [Read More] Source: Yonhap N...

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Panamax rates to fall on ample tonnage

Rates for panamax dry bulk carriers on key Asian freight routes are expected to fall on ample supplies and growing uncertainty over demand for South American grain in the short term. [Read More] Source: Manila Bulle...

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Baltic index at over 1-month low, outlook weaker

The Baltic Exchange's main sea freight index .BADI, which tracks rates to ship dry commodities, fell to its lowest in over a month on Friday as slower business continued to bite. [Read More] Source: Reut...

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How India can catch up in ship repair market

The Indian ship repair industry can vie for a much larger pie of the $20-billion global market. But the players need to improve their service delivery strengths by investing in trained manpower, developing ancillaries to ensure faster supply of spare parts, and...

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S.Korea's Samsung Heavy says wins $804 mln order

SINGAPORE and HOUSTON, April 11, 2011 /CNW/ -- InterOil Corporation (NYSE: IOC) (POMSoX: IOC) today announced that InterOil and Pacific LNG Operations Ltd., have executed agreements, conditional upon Flex shareholder approval and final FID,...

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Germany rejects troop boost to protect shippers

Germany is not planning to deploy military or police on merchant vessels as requested by shippers to protect them from pirates operating off Somalia, a senior defence official said on Thursday. The idea, floated by trade associations as another way to aid German...

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Shipping lines raise emergency security fees over pirate raids

The cost of imported goods is set to rise following decision by shipping lines to more than double fees charged to facilitate emergency security measures in case of pirate attacks. The shipping lines have announced that they will increase the emergency surcharge...

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Natural disasters in Japan still impacts the shipping markets

It’s been 4 weeks since the 11th March earthquake and tsunami hit Japan north-eastern coastline and caused widespread damages with extensive knock-on effects on the Japanese economy. The aftermath of the 9-magnitude quake is still affecting everyday life in Japan...

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MV SUSAN K pirated only 35 nautical miles from the Omani coastline

In the early morning of 8 April, the General Cargo ship MV SUSAN K was pirated approximately 200 nautical miles North-East of Salalah, Oman; a location only 35 nautical miles from the Omani coastline.The vessel was attacked and boarded by at least 10 pirates...

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Missing Syrian freighter found near Turkey

Missing Syrian freighter found in or near Turkish waters in Black sea, vessel issued distress signal and went off communications on the night of April 9, being some 30 nm off Novorossiysk. [Read More] Source: Maritime Bulle...

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PHOTO: Dockwise Transshelf came into collision with the Wilson Rhine

In the port of Rotterdam the outbound Transshelf was April 6th  in collision with the Wilson Rhi...

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