Noble to buy Frontier Drilling for US$2.16b Offshore oil and gas driller Noble Corp said it would buy Norway's privately held Frontier Drilling for US$2.16 billion, adding seven vessels to its fleet even as much of the Gulf of Mexico remains effectively closed to new operations.
Iraq port ill-equipped to deal with oil majors Iraq's hopes of building economic prosperity on the back of multibillion-dollar deals to develop its vast oil reserves have met a major hurdle in a lack of dock space and an impenetrable bureaucracy at its top port.
Moving towards a greener shipping industry THERE is no greener way of moving goods around the world than by ship. It is the most efficient and sustainable mode of transport, and there is no possible alternative in sight.
Strait Talk
Deep Horizon and risk LAST week, this column looked at how shipping, and world trade, could suffer because of the political reaction to the Deep Horizon drilling platform disaster.
Noble to buy Frontier Drilling for US$2.16b Offshore oil and gas driller Noble Corp said it would buy Norway's privately held Frontier Drilling for US$2.16 billion, adding seven vessels to its fleet even as much of the Gulf of Mexico remains effectively closed to new operations.
Iraq port ill-equipped to deal with oil majors Iraq's hopes of building economic prosperity on the back of multibillion-dollar deals to develop its vast oil reserves have met a major hurdle in a lack of dock space and an impenetrable bureaucracy at its top port.
Moving towards a greener shipping industry THERE is no greener way of moving goods around the world than by ship. It is the most efficient and sustainable mode of transport, and there is no possible alternative in sight.
Strait Talk
Deep Horizon and risk LAST week, this column looked at how shipping, and world trade, could suffer because of the political reaction to the Deep Horizon drilling platform disaster.
TNT Express with four-fold certification in Germany TNT Express, which belongs to the Dutch mail service corporation TNT, says that it is the first company in the world to obtain integrated certification from Lloyd's Register Q...
Kuehne + Nagel provides global logistics services for gas treatment facility in the Sahara SNC-Lavalin, one of the world's leading engineering and construction groups, has awarded Kuehne + Nagel a contract for global logistics services related to its EUR 785 million proj...
WWPC has new exclusive members WWPC (Worldwide Project Consortium), a group of over-dimensional cargo specialists, has announced a new exclusive member for Australia - Sadleirs International - whi...
Iata: no progress at EU transport ministers' meeting The International Air Transport Association (Iata) expressed frustration about the lack of progress on key aviation issues during yesterday's meeting of EU transport ministers. ...
Government seeks better relationship with UK ports Local government minister Bob Neill promises enquiry into backdated rates bills
UK freezes backdated ports rates
UK waives '175m backdated ports bill
Villiers pledges tonnage tax stability under Conservatives
Newbuilding glut set to put brakes on box sector rebound DVB Bank predicts pace of recovery will moderate as peak season ends after October...
OECD outlook raises cautious optimism for...
Panamax rates collapse further Indices at lowest point in nearly nine months as brokers forecast gloom for next...
Owners' earnings hit by glut of ships and...
Larger panamax boxships to hit supply-demand balance in two years Sector seen as more resilient than smaller counterparts as demand forecast to rise in...
Storm threatens spill cleanup TROPICAL Storm Alex could delay BP oil spill cleanup efforts in the Gulf of Mexico and has already shut-in some US domestic oil capacity
Somali piracy area extended THE IMB today significantly extended its high-risk area for Somali pirate attacks further into the Indian Ocean and north to Suez
China, Taiwan sign trade deal CHINA and Taiwan signed a trade agreement today that is expected to boost cross-strait shipping, IHS Global Insight reported
UK ports face pension pinch UK PORT authorities might have to make up a £300M ($452M) deficit in marine pilots' pension liabilities after a High Court ruling in London
BDI ends lower for 23rd day THE BALTIC Dry Index fell for the 23rd consecutive day today, closing 1.4% down at 2,447 points, according to figures published by the Baltic Exchange in London
Fleet sell-off hits FESCO rating FESCO was downgraded today in a report issued by Troika Dialog, a Moscow investment bank, after the sell-off of its fleet drew bad marks
Language plan reportedly dropped EUROPEAN Union pilots believe they may have won a battle to prevent English being imposed as the language of communication in European ports
Active container capacity increases During the first six months of 2010, the active container carrier fleet capacity has risen 15.3 per cent, compared to the previous period last year, according to Alphaliner figures
Statoil contracts Stena rig for new mission Statoil has signed a three-year contract with Stena Drilling for the hire of the Stena Don drilling rig; the unit will operate on the Norwegian continental shelf. The contract
Bunkers International supplying ISO 8217:2010 fuel in Colombia New products will assist charterers to 'meet their contractual obligations'.
Weakening prices in Rotterdam, Hamburg MDO demand diminishing in Hamburg.
Big falls in Middle East bunker prices NYMEX showing further losses in early trading.
Call for environmental disaster fund levy on oil companies Russia ready to 'set an example' with special bill to protect marine environment.
Chamber of Shipping to 'keep momentum' on cap and trade Plans to produce a simple guide to ensure discussion continues and action follows.
IFO prices fall more than $5 at major ports Demand muted despite softer prices at Asia's key ports.
Bureau Veritas in deal to buy Inspectorate Acquisition will make Bureau Veritas 'a world leader in testing and inspection'.
Managing Director leaves Bomin Bunker Oil (HK) M.D. of Bomin Singapore to take over responsibilities of Hong Kong office.
Academic research underway to improve propeller designs 'Two knot increase in cruise speed of high speed craft' obtainable, says research student.
ExxonMobil readies supplies of ISO 8217:2010 bunker fuels in Singapore Most suppliers still hesitant about offering fuels conforming with the revised specification.
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