News

In response to increasing market demand for feeder space, Evergreen Line will commence the new Straits-Yangon (Myanmar) service (referred to as SYS) from late August.

On Wednesday, 15 August 2012, Hamburg Süd celebrated the christening of its container ship "Santa Barbara" at the Yantian International Container Terminal (YICT) in Shenzhen

HIGHLIGHTS Knightsbridge reports a net loss of $3.3 million and a loss per share of $0.13 for the second quarter of 2012.

Iraq's Oil Ministry has signed a contract with Kuwait Energy to carry out a seismic survey in Basrah gas field. The Kuwaiti company and Turkish company T.B.A.O

Canada's Connacher Oil and Gas Ltd is to sell its Montana refinery to U.S.-based Calumet Specialty Products Partners for about $120 million, plus working capital.

Pemex said it did not expect production to be disrupted after it put out a fire overnight at its Madero refinery in northern Mexico as well as another blaze at a pipeline in the center of the country.

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. ( BHI ) reported a marginal rise in the U.S. rig count (number of rigs searching for oil and gas in the country).

If Alaska's North Slope joins the shale revolution, there's likely plenty of natural gas to be found, according to a new analysis from the U.S. Geological Survey.

BP Plc (BP/) is seeking as much as $7.9 billion before tax payments for a group of Gulf of Mexico oilfields as it unloads assets following its 2010 spill in the region, two people with knowledge of the matter said.

Royal Dutch Shell will restart in September at the earliest a crude distillation unit (CDU) shut for maintenance at its 500,000 barrels-per-day refinery in Singapore, industry sources said on Wednesday.

Europa Oil & Gas, the AIM listed oil and gas exploration, development and production company focussed on Europe, has provided the following trading statement

The state Department of Mineral Resources reports that North Dakota oil producers pumped an average of about 660,000 barrels of oil each day in June.

Booming like never before, the offshore oil and gas industry is exploring ever deeper into the ocean and drilling further under the sea bed, bringing strikes like one this week off Brazil that may be one of the biggest yet in the region

Ukraine has picked a consortium led by ExxonMobil (XOM) and Royal Dutch Shell (RDSA.L) to develop its Skifska gas field in the Black Sea, it said on Wednesday, as it seeks to wean itself off increasingly expensive Russian gas imports.

The German shipping company Held has recently picked the GL ShipManager system as the new platform for their technical ship management activities. The software will be installed in their Haren office and on all vessels.

Otto Marine Limited, a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers

Continuing its Shipping Certification Campaign, United Against Nuclear Iran (UANI) on Wednesday called on Russian Maritime Register of Shipping (RS) to stop certifying Iranian vessels.

Intermarine and Scan-Trans announced today their completed merger, creating a new leader in project and heavylift cargo maritime transportation.

The Council for Economic Planning and Development (CEPD) of the ROC approved a US$2.2 billion expansion plan on August 6th for Taiwan’s international ports.

During the reporting period of 08 to 16 August 2012, there have been two dhows pirated (NSC Alert 023/12) and one disruption in the High Risk Area.