Arctic offshore market holds vast potential FOR the offshore and marine sector the Arctic region is increasingly turning out to be an important niche segment. According to the United States Geological Survey, it is estimated that the Arctic may hold as much as 90 billion barrels of undiscovered oil reserves and 1,670 trillion cubic feet of natural gas, equivalent to as much as 13 per cent and 30 per cent of the world's total undiscovered oil and natural gas respectively.
Glut in large capesize ships to worsen THE massive supercycle in the dry bulk sector over the past five years has been driven more by the lack of supply in the capesize segment of the market than by increased demand, according to Pacific Carriers commercial director Keith Denholm.
More shipping failures expected Pacific Carriers Ltd, a Singapore-basedshipowner controlled by Malaysian billionaire Robert Kuok, said bankruptcies in the shipping industry will increase amid the steepest slump in prices in more than 30 years.
Tanker rates fall as oil demand slows
China president in Greece for port deal
Protection and indemnity clubs grow their presence
Strait Talk
Class acts of the classification societies IT is a hard life, being a shipping journalist based in London. Last week, we first of all had to force ourselves to attend a Germanischer Lloyd (GL) press dinner at the amazing Trinity House building to be plied with champagne, wine, first-class cuisine and, also on a plate, a great deal of pertinent information straight from the Hamburg-based classification society's top executives.
Arctic offshore market holds vast potential FOR the offshore and marine sector the Arctic region is increasingly turning out to be an important niche segment. According to the United States Geological Survey, it is estimated that the Arctic may hold as much as 90 billion barrels of undiscovered oil reserves and 1,670 trillion cubic feet of natural gas, equivalent to as much as 13 per cent and 30 per cent of the world's total undiscovered oil and natural gas respectively.
Glut in large capesize ships to worsen THE massive supercycle in the dry bulk sector over the past five years has been driven more by the lack of supply in the capesize segment of the market than by increased demand, according to Pacific Carriers commercial director Keith Denholm.
More shipping failures expected Pacific Carriers Ltd, a Singapore-basedshipowner controlled by Malaysian billionaire Robert Kuok, said bankruptcies in the shipping industry will increase amid the steepest slump in prices in more than 30 years.
Tanker rates fall as oil demand slows
China president in Greece for port deal
Protection and indemnity clubs grow their presence
Strait Talk
Class acts of the classification societies IT is a hard life, being a shipping journalist based in London. Last week, we first of all had to force ourselves to attend a Germanischer Lloyd (GL) press dinner at the amazing Trinity House building to be plied with champagne, wine, first-class cuisine and, also on a plate, a great deal of pertinent information straight from the Hamburg-based classification society's top executives.
Experts believe pirates are being fed information SOMALI pirates may be targeting high-value vessels using inside information and sophisticated tracking systems.
Are pirates using AIS in the Gulf of Aden?
P&I clubs anticipate flood of FD&D claims FREIGHT, demurrage and defence work is expected to rise next year as the trade slump leads to more legal expense disputes.
Vafias slashes exposure in wet and dry markets GREEK shipping group cancels four LPG carriers and sells remaining shareholding in Brave Bulk Transport.
Teekay issues sweeping results fix TEEKAY today revealed a sweeping restatement of results for the past five fiscal years, caused by an error in its accounting of derivates
BHP abandons Rio Tinto takeover BHP BILLITON has today abandoned its multibillion-dollar takeover for Rio Tinto, blaming the collapse in global economic conditions
Friendly fire deaths alleged REPORTS are today surfacing that a suspected pirate mother ship sunk by an Indian frigate on 18 November was in fact a Thai fishing vessel
Deadly floods close Brazil ports TWO KEY Brazilian ports are closed today after deadly flooding in the state of Santa Catarina
Yemeni ship taken off Somali A YEMENI cargo ship has become the latest target of pirates off Somalia
Gas delegates fear credit future A SHAKY economical backdrop was identified as the biggest headache for European gas shipping in this today's opening sessions of the European Annual Gas Conference in Como, Italy
Customs publishes new 10+2 filing rule The much-anticipated Importer Security Filing rule requiring additional data elements appears in today's Federal Register.
New charter agreements for Farstad Farstad Shipping has signed two new charter agreements. ConocoPhillips will charter the AHTS vessel (Anchor Handling Tug Supply) Lady Sandra, built in 1998, for a period of at least 225 days with options to extend the charter by another 115 ...
China awards DNV Det Norske Veritas, DNV, has been ranked as one of the top 60 multinational corporations (MNC) operating in China, according to the 2008 MNC Contributors to China list. In the ranking process, 100 multinational corporations were selected from 1,500 candidate ...
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