Argentine oil workers reach deal to lift strike

Argentine energy workers have reached a deal to end a two-week-old pay strike that has hit oil and natural gas production in the Patagonian province of Santa Cruz, officials and union leaders said on Monday. [Read More] Source: Reut...

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Neptune confirms sale of the Neptune Trident vessel

Neptune Marine Services Limited (ASX: NMS - Neptune or the Company) today announced that its wholly owned Singapore subsidiary, Neptune Marine Pacific Pte Ltd (Neptune Pacific), has signed a Memorandum of Agreement with  PT Wintermar, of the Indonesian listed...

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Offshore natural gas platform worker dies

An employee on a non-producing offshore natural gas platform died after falling through a deck opening on Monday, the U.S. offshore drilling regulator said. The employee of Alliance Oilfield Services was working on a Hilcorp Energy platform in 375 feet of water...

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India warns rising oil prices could hit global recovery

WASHINGTON: India Saturday warned that the global recovery from the worst financial crisis in decades may be jeopardised by a sustained rise in oil prices and speculative movements in commodity derivative markets. [Read More] Source: The Economic Ti...

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Current situation for travel and transport to and from Japan

The United Nations organisations monitoring the effects of the damaged Fukushima Daiichi plant remain confident that current radiation levels do not present health or transportation safety hazards to passengers and crew. [Read More] Source: Baird Marit...

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"Bulk Viking" ran aground

On Apr 17, 2011, at 10.35 a.m. the "Bulk Viking" ran aground underway from Narvik to the Esso Port at Sortland to unload a cargo of gravel close to the Sortlands bridge. Three rescue boats were sent. The vessel was refloated by the "Knut Hoem" after 30 minutes....

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APL: Volumes surge, but overcapacity threatens booming intra-Asia trade

BIGGER ships in greater numbers pour into the intra-Asia trades and threaten carrier profitability in an otherwise booming trade, says APL vice president Jason Wong. [Read More] Source: SeaNews Tur...

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'Out of control' piracy set to cost world £9bn by 2015

Somali pirates are earning more than 150 times their country's national average wage in what has become a multimillion-dollar business, a new study reveals. Experts believe that pirates in the East African country – the most dangerous point in a rising tide of...

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Blow your horns

BIMCO President rages at kidnapping and murderA highly audible protest from the shipping industry against piracy – with a 30-second blast from ships’ sirens every day at noon, in every port in the world – has been recommended to draw public attention to the criminals...

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Shipping bodies raise alarm as pirates take ransom yet keep hostages

The International Chamber of Shipping, ITF, Indian National Shipowners’ Association, NUSI, MUI, IMEC, InterManager, Intertanko and BIMCO deplore the latest development in the Indian Ocean piracy crisis, as some Indian crew members of a released merchant ship are...

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Iron-Ore Ship Rents Fall to Six-Week Low on Surplus Vessels

Rents for capesize ships that haul iron ore fell to the lowest level in six weeks on excess vessel supply. Hire rates dropped 2.9 percent to $6,655 today, according to data from the Baltic Exchange in London. That’s the lowest since March 7 and the 11th straight decline. Rentals fell 36 percent in...

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Container Shipping: Growing volumes but even stronger growth in tonnage

Hot on the heels of the success story of the second half of 2010, container shipping is now urged – in vain – to return to tactics like idling of vessels in order to boost freight rates once again as the year progresses, because of severe overcapacity issues. In...

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Maersk Oil awarded licence in Norway

Maersk Oil announces that it has been awarded a 30% non-operated share in Licence PL597 on the Halten Terrace offshore Norway in the 21st Licencing Round.The operator of the licence is VNG Norge A/S (40%) with Dana Petroleum Plc as partner (30%). Together with...

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EnCore: Flotation of New Exploration Company

Exploration Assets flotation and proposed fundraising EnCore (LSE: EO.) announces that the Company is planning for a subsidiary company, which will be assigned the Exploration Assets, to be floated on AIM. The new company will be known as XEO Exploration plc (“XEO”).  Subject...

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Aban bags ONGC orders worth $ 138 million

Aban Offshore said on Monday that it has bagged firm orders worth $ 138 million (Rs 620 crore) from ONGC for the deployment of two jack-up rigs for three years period each. [Read More] Source: Business L...

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