Category Archives: Shipmanagement

China: Rongsheng Heavy Bags Order for 10 Suezmax Tankers

Posted on December 10, 2011 by Editor

  China Rongsheng Heavy Industries Group Holdings Limited has announced that it has received a 10+10 157,000 DWT Suezmax tankers shipbuilding order from Global Union Shipping Limited. The order further consolidates the position of the Group as the largest Suezmax … Continue reading →

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Norway: Maersk Drilling Receives LoI for Newbuild Jack-up Rig

Posted on December 10, 2011 by Editor

Maersk Drilling has received a Letter of Award from Det norske oljeseskap ASA on behalf of the Draupne license for the ultra harsh environment jack-up rig, XL Enhanced 2, presently under construction in Singapore. The rig will be used for … Continue reading →

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Conoco restarts Libya crude operations

Posted on December 9, 2011 by Editor

U.S. oil giant ConocoPhillips has restarted operations in Libya and hopes to restore its pre-war production level of 350,000 barrels a day of oil in over a year, the firm’s top executive said. Jim Mulva told Zawya Dow Jones in … Continue reading →

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ExxonMobil’s 2012 Outlook for Energy Sees Efficiency, Developing World Economic Growth and Natural Gas Reshaping Global

Posted on December 9, 2011 by Editor

Demand for energy will rise through 2040 as global economic output doubles and prosperity expands across a world where population will grow to nearly 9 billion people, Exxon Mobil Corporation states in its The Outlook for Energy: A View to … Continue reading →

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ICAP Shipping and Saxo Bank involved in world’s first electronic container freight swap settled in USD

Posted on December 9, 2011 by Editor

ICAP Shipping, the shipping arm of ICAP plc, the world’s leading interdealer broker, and Saxo Bank, the trading and investment specialist, announced on Thursday that they were involved in the execution of the world’s first electronic, voice-assisted trade of a … Continue reading →

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Russia to Build Four Diesel Icebreakers

Posted on December 9, 2011 by Editor

United Shipbuilding Corporation, Federal Agency for Maritime and River Transport (Rosmorrechflot) and the Rosmorport federal unitary enterprise signed a contract to build four diesel icebreakers worth $640 million, RIA Novosti reports. The United Shipbuilding Corporation, Federal Agency for Maritime and … Continue reading →

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DNV: Fuel efficiency guides for ship types

Posted on December 9, 2011 by Editor

The combination of low charter rates and high fuel prices is creating a strong interest in fuel saving measures. DNV has now updated the Fuel Saving Guideline for Bulk Carriers, which was released in April this year, and has issued … Continue reading →

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An income gusher in the energy patch

Posted on November 27, 2011 by Editor

MoneyShow.com Seadrill (SDRL-N31.14-0.17-0.54%) is the second-largest offshore driller, with the second-largest ultra-deep-water fleet. It operates the world over with 46 rigs, and its clients include most of the oil and gas exploration heavyweights, like Exxon Mobil (XOM-N73.90-0.68-0.91%), ConocoPhillips (COP-N66.14-0.79-1.18%), the … Continue reading →

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Newcastle coal prices ease on extended Chinese buying drought

Posted on November 27, 2011 by Editor

Prices for low and higher calorific value thermal coal traded at Australia’s Newcastle trading hub fell further Friday, as buyers in China refused to be drawn into the spot market by the promise of discounted-price cargoes, said market sources. Sellers … Continue reading →

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Greece to allow armed guards on cargo ships against piracy

Posted on November 27, 2011 by Editor

Greece will let its large commercial fleet employ armed guards to ward against a surge in pirate attacks, the ministry in charge of security said on Friday, satisfying a long-standing shipowner demand. “To improve safe sailing and crew safety aboard … Continue reading →

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