Bankrupt Walter Energy to Auction US Coal Assets

Bankrupt Walter Energy Inc received court approval on Tuesday to auction its coal assets as part of a proposal to emerge from bankruptcy that has faced fierce opposition

When Conducting Investigations Consider 'Privileges'

Whether voluntarily or as required by the International Safety Management Code, the American Waterways Operators’ (AWO) Responsible Carrier Program, or some other rule or regulation,

Deepwater Downturn: Bump in the Road or Long-Term Slowing of Growth?

IMA/World Energy Reports has just completed a comprehensiveassessment of the five year outlook for the deepwater sector.  The new report – the 19th annual floater

North Group Increases Projected Free Reserve

Directors of the North P&I Club and Sunderland Marine Insurance Company (North Group) have revised their projection for the group’s year-end free reserve up to $380 million,

Bibby Athena Winch Control System Upgraded

M/V Bibby Athena recently had its ROV winch upgraded with Scantrol Active Heave Compensation (AHC) control system. In order to fulfill its contractual obligations,

Shell Fined by Scottish Court for 2011 North Sea Oil Spill

Oil major Royal Dutch Shell was handed a 22,500 pound ($33,919) fine by a local Scottish court on Tuesday for a 2011 oil spill in the North Sea that was the largest in more than a decade.

Stena Bulk Orders Tankers from China

Stena Bulk has placed an order for three 50,000 dwt IMOIIMAX MR tankers with the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME), formerly Guangzhou Shipyard International (GSI),

Golden Ocean CEO: No Share Issue

Dry bulk shipping firm Golden Ocean Group said on Tuesday it did not consider an equity issue to improve its liquidity and balance sheet following challenging markets conditions.

Maersk Looks to Raise Asia-Europe Box Rates

The world's largest container shipping company, Maersk Line, plans to raise spot freight rates sharply on main routes from ports in Asia to ports in northern Europe, with effect from Dec.

Hedge Fund Short Positions and 2015 Oil Prices

U.S. oil prices have cycled between $40 and $60 per barrel since the start of 2015 and the rise and fall has corresponded with the accumulation and liquidation of hedge fund short positions.

Oil Rises on Middle East Tension, Weaker Dollar

Turkey downs Russian-made fighter jet near Syrian border. Oil prices rose on Tuesday as tensions in the Middle East escalated following the downing of a Russian-made

Fredriksen's Firms See Diverging Fortunes

Rig firm Seadrill sees tough market continuing in 2016. Firms in Norwegian-born billionaire John Fredriksen's empire saw contrasting fortunes on Tuesday, as rig firm Seadrill booked $1.

Lukoil Predicts Similar 2016 Russian Output

Oil producer Lukoil aims to maintain output in Russia at this year's level of 86-87 million tonnes and to increase it by 1.5-2 million tonnes in 2017, its chief executive,

Damen ASD Tug for Sharjah Ports

Sharjah Ports Authority, has taken delivery of a Damen ASD Tug 2411, named Al Luolo’ Aya. His Excellency Sheikh Khaled bin Abdullah bin Sultan Al Qasimi, Chairman

Technip to Supply Reformer for STAR Hydrogen Plant

  Technip has been awarded a lump sum contract to supply its proprietary technology, detailed engineering and procurement services for a reformer for a hydrogen plant.

Sound Energy Confirms Badile Well Cost Reduction

  Sound Energy, the Mediterranean focused upstream oil and gas company, is pleased to announce a significant reduction in the estimated cost of the forthcoming Badile exploration well.

Ecoslops Opens 'Slops' Processing Refinery

Ecoslops, the first company to develop technology to produce recycled marine fuels from marine oil residues (‘slops’), has announced that its refinery in the Port of Sinès,

Navios Maritime to Axe Dividend

Navios Maritime Holdings Inc. a global, vertically integrated seaborne shipping and logistics company, today reported financial results for the third quarter and nine months ended September 30, 2015.

BG Group secures equity in Aphrodite Discovery, Offshore Cyprus

BG Group today announces it has taken a 35% holding in Block 12 offshore Cyprus which includes the Aphrodite gas discovery. This upstream position provides

MANSA, NMIS Ink MOU for Skill Development

  Mumbai and Nhava-Sheva Ship-Agents Association (MANSA) and Narottam Morarjee Institute of shipping (NMIS) signed a Memorandum of Understanding for lauching a

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