Statoil Cuts Gas Estimates 10-20%
Statoil cut estimates of recoverable gas reserves at the Kvitebjoern prospect in the North Sea by 10 to 20 percent. The company said it and its partners -- Elf and…
Russian Oil Exports Plummet
Russian seaborne fuel oil exports from the main Black Sea and Baltic ports fell by 43 percent in October from the previous month, shipping inspector Petrak said.
Brazilian Oil Workers Plan Three-Day Strike
Brazilian oil workers will stage a three-day nationwide strike later this month in protest against stalled pay talks with state energy firm Petrobras. The leadership…
Baltic Dry Index
The Baltic Dry Index (BDI), the successor to the Baltic Freight Index, was down 12 points on Thursday to 1,301 points. The Baltic Panamax Index was down 2 to 1,251…
Vopak, Worlds Largest Chem Shipping Company Born
Pakhoed NV and Van Ommeren - after years of toying with the idea of consolidation - have formally become the world's largest chemical shipping, tank storage and…
Massoel S.A. Orders Three Bulk Carriers
Swiss shipowner Massoel S.A. reportedly has ordered three Handymax bulk carriers in cooperation with Norway's B Skaugen shipping group. The 46,000-dwt vessels are…
FastShip Signs Cargo Agreement
FastShip has signed agreements for wholesale cargo commitments with international freight forwarders AEI Circle International, GeoLogistics and MSAS Global Logistics.
SeaJets Take Off For Grand Bahama Island
SeaJets, the Palm Beach-based Jetfoil will leave the Port of Palm Beach on November 6, inaugurated regular service of the jets into Grand Bahama Island. SeaJet Kara…
Zodiac Aids With New Self-Righting Design
Zodiac International has developed a new patented, self-righting technique to comply with the updated RoRo ferry liferaft regulations. Formulated by a team of technical engineers…
United States Lines Floats Again
American Classic Voyages has acquired one of the most storied and renowned names in the history of ocean-going passenger transportation - United States Lines - to…
