News

Prosafe Rigs Pte Ltd, a wholly owned subsidiary of Prosafe SE (“Prosafe”), has today entered into an agreement to sell the accommodation jack-up Safe Esbjerg to a buyer in South East Asia.

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Fernvale Pte. Ltd., has firmed up contracts with Sete

United Shipbuilding Corporation, its subsidiary Baltiysky Zavod JSC (Baltic Shipyard), has won the contract worth $1.6 Bln for the construction of icebreaker LK-60 of 22220 Project with the capacity of 60 MW.

Omega Navigation Enterprises Inc. (OTC US - ONAVQ) announced that, in connection with its Chapter 11 proceedings in Houston, Texas, Omega has filed a Chapter 11 Disclosure Statement and proposed Plan

This week saw two of the New York listed tanker companies releasing (among others) their half year results. Together with those they gave out their outlook on the future of the oil and tanker markets.

U.S. refiners are getting high prices for their gasoline and diesel while paying less for the crude and natural gas needed to make it.

London-based energy giant BP plans to invest $12 billion for the development of the Tangguh liquefied natural gas project in West Papua, an official at the state oil and gas upstream regulator says.

Israel, reliant on imported energy since the state’s foundation in 1948, now has more natural gas than it can handle.

A drop in Iranian production coupled with regional tensions were pushing oil prices higher, Kuwait Oil Minister, Hani Hussein, said in remarks published on Sunday.

The Organization of Petroleum Exporting Countries raised estimates for global oil demand to 2015 after a swifter-than-expected economic rebound.

The oil price is likely to be extremely volatile in the coming days as we get the outcome of the US Federal Reserve meeting, the ECB meeting in Europe and Non-Farm payrolls in the US. These will all have huge implications for oil and for commodities in general.

Iraqi Kurdistan’s crude oil is plentiful and easy to get at, rare among undeveloped energy resources. The man managing it, a former North Sea engineer and consultant turned politician, knows how to attract investment.

Following its sister vessel in 2009, the vessel Joseph Plateau was launched on 3 August at the Spanish shipyard Construcciones Navales de Norte in Sestao.

The National Shipping Company of Saudi Arabia (BAHRI) announces that its 80% owned subsidiary company The National Chemical

Oceanteam Shipping ASA (OTS) has concluded a refinancing of the two offshore construction vessels, CSV Bourbon Oceanteam

The National shipping Company of Saudi Arabia (Bahri) announces that its 60 percent owned subsidiary Bahri Dry Bulk has started its

JAXPORT and the TraPac Container Terminal at Dames Point marked a major milestone (Saturday morning) with the first regular

Totem Ocean Trailer Express (TOTE) has received a permit providing a conditional waiver from the current Emissions Control Area (ECA) fuel sulfur

Italian Shipping Company Ignazio Messina & C has placed an order worth USD 300 million with the Korean shipyard STX Offshore & Shipbuilding for construction of four new Ro-Ro container vessels.

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN SHIP BREAKING YARDS: