China Shipyards Bag the Week's Ocean-going Newbuild Orders

Reported ordering this week has been exclusively focussed on the Chinese yards, says Clarkson Hellas in their latest 'S&P Weekly Bulletin'. Dry bulk carriers COSCO

Scorpio Tankers Report Q2, 1H 2014 Profit Slip

Scorpio Tankers Inc. has reported its results for the three and six months ended June 30, 2014. Highlights excerpted here as follows: Results for the three months ended June 30,

MTN Lands Cruise Line SatCom Contracts

MTN Communications (MTN) says that three cruise operators around the world have selected the company for its passenger, crew, corporate communications and content services.

Gondan to Build Spanish Patrol Boats

Gondan Shipyard has recently signed a contract with the Guardia Civil, Spain’s Civil Guard, for the building of two patrol boats. The aluminum and fiber (PRFV ) vessels will measure 20.

Alstom Wins $450m Contract in Mexico

French engineering group Alstom said on Monday it had won contracts worth around 335 million euros ($450.24 million) to equip an Iberdrola power plant in Mexico.

Seatronics Signs Global Contract with Digital Edge Subsea

Seatronics, an Acteon company, has signed a worldwide contract with Digital Edge Subsea Ltd for Digital Edge Subsea’s complete range of digital video inspection systems.

Japanese Hedge Fund Challenges Regulators

A small Japanese hedge fund has made a rare challenge against financial regulators over a 2010 insider trading case, disputing a finding that one of its fund managers

Britain Sets Out Shale Rules with New Oil & Gas Round

Licenses first step in exploration process; Additional guidance issued on natural beauty spots. Accenture: Shale development still 5-10 years away. The British

Kemp: Higher Oil Price Forecasts Misjudge Shale Boom

"The world of energy may have changed forever," according to Professor James Hamilton of the University of California. "Hundred dollar oil is here to stay." Hamilton,

Oil Below $108 on Excess Supply, Weak Demand

Demand weak in Europe and Asia but supplies ample; Gaza fighting subsides with Hamas backing 24-hour truce. U.S., EU prepare more sanctions on Russia over Ukraine.

Exxaro buys Total's Coal Assets

Mining group Exxaro said on Monday it had acquired South African coal assets of French oil company Total for $472 million. Exxaro, South Africa's second-largest

Russian Gas via Ukraine to EU Normal on Monday

Russian natural gas flows to the European Union through Slovakia via Ukraine were running normally on Monday, Slovak pipeline operator Eustream said. Russia

Russian Shares, Rosneft Underperform after Yukos Ruling

Court orders Moscow to pay $51 billion in Yukos case; Rosneft received most of now-defunct Yukos's assets. Markets fear further sanctions. Shares in Russia's

Japan, Mexico Sign Carbon Trade Deal

Japan and Mexico have signed a deal for Japanese companies to earn carbon credits by investing in technology to cut greenhouse gas emissions in Mexico - in Japan's 12th bilateral carbon agreement.

Investors Dump Higher Oil Bets as Prices Fall

Brent net longs cut by 34,786 contracts to 117,195; Gasoil net longs down 13,947 contracts to 20,604. Cuts follow big fall in prices. Hedge funds and other

New Australian Navy Submarines to be Japan Built?

Australia should discuss building its next-generation fleet of submarines overseas, the Department of Defence said on Monday, a shift that could open the door to

Russian Navy Expansion Gathers Momentum

The Russian Navy celebrates its professional holiday by putting two new submarines into service and expects a new warship in the fall and several additional ships

Statoil to Permanently Plug Gullfaks Sør Well

The Petroleum Safety Authority of Norway (PSA) informs it has given consent for Statoil  to use the drilling rig 'Deepsea Atlantic' for the permanent plugging of well 34/10-52A/B at Gullfaks Sør.

Three Share in Navy US$96.8-M Twin-Ship Modernization Contract

The U.S. Department of Defense informs that AMSEC LLC; CDI Marine Co. LLC; and Q.E.D. Systems Inc., (all located in Virginia Beach, Virginia) are each being awarded a cost-plus-fixed-fee/cost-only,

Costa Concordia Arrives Genoa for Demolition

Crowley Maritime Corp. subsidiary TITAN Salvage and project partner Micoperi has confirmed that the Costa Concordia – the Concordia-class cruise ship that wrecked off Giglio Island,

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