News

Gearbox specialist Mekanord is now launching a gearbox which is up to 30 % lighter than traditional ones. The new product

On Thursday (August 30, 2012), McDermott International, Inc. announced that it will build another high capacity reeled pipelay vessel with top-tier payload capacity, tentatively named Lay Vessel 108 (“LV108”).

Unifeeder A/S announced that it has reached agreement to acquire Feederlink Shipping & Trading b.v. (Feederlink) from Irish Continental Group, plc (ICG).

After 12 months of research and analysis, Lloyd’s Register has concluded its 2011-12 study on LNG bunkering and newbuilding demand for deep-sea shipping.

On the first of August 2012 product-carrier SCF Neva (DWT – 47,125 tons, year of construction – 2006, ice class – 1A) started

Funding and operating “green” ships which can be used worldwide without restrictions is a very important task

Höegh LNG Holdings Ltd. announced that it has been selected the preferred bidder for the floating LNG import terminal (FSRU) sponsored by Colbún S.A. and AES Gener S.A. (the “Client”) in Chile.

IHC Merwede has successfully launched the largest backhoe dredger in the world on 31 August 2012. The name of the vessel will be revealed

Tognum to make upgraded MTU Series 4000 workboat engines available summer 2013. Tognum will enhance its MTU Series 4000 Ironmen workboat engines for compliance with US EPA Tier 3 emissions regulations.

Siem Offshore Rederi has been awarded a contract with the oil and gas company TOTAL. The contract with TOTAL E&P NORGE AS is for a new

ClassNK (Chairman and President Noboru Ueda) has announced that the Portuguese Flag Adminstration

Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, announced today that Companhia de

A study by the Swedish Club, produced as a reaction to a 60% increase in hull and machinery claims over a three year period, has pointed to skill shortages as one of the principal

The adverse conditions which have been put in place in the world's freight markets, means that ship owners are forced to scrap vessels of a much younger age than before

France seeks “more lasting measures” to cut oil prices after the government agreed on a three-month reduction to help shore up the economy.

Global crude oil prices have increased significantly over the past two months. Since reaching a 2012 low of $89 per barrel on June 21,

OPEC crude oil output rose in August as Iranian shipments climbed slightly from its lowest in more than two decades and because of higher exports from Angola and Nigeria, a Reuters survey showed on Thursday.

The key difference Barclays sees between oil and most other energy markets is supply, where the challenge is replacing declining oil production. Demand, by contrast, responds to economic weakness to similar degrees across the energy spectrum.

Oil workers are enjoying strong growth in pay thanks, in particular, to a shortage of engineers, a trend that shows no sign of easing.

Japan's largest refiner JX Nippon Oil & Energy plans to process 5.44 million kiloliters (34.22 million barrels, or 1.10 million b/d) of crude for the domestic market in September, up 8% from a year ago, company officials said Thursday.