Logistics

White House Says US Ship Near Yemen to Ensure Commerce

The White House said on Tuesday that the presence of a U.S. aircraft carrier near Yemen is intended to ensure freedom of navigation and commerce in the area.   White

US Ports Boost Economic Impacts

Since last nationwide analysis in 2007, U.S. seaport contributions to economy up dramatically    Lancaster, Pa.-based Martin Associates, a provider of economic

Baltic Index Rises as Demand for Large Vessels Increases

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday primarily because of higher rates for the large vessel segments.

CD-adapco Opens New Office in Japan

CD-adapco, the largest privately held CFD-focused provider of Computer Aided Engineering software, has announced the opening of a third Japanese office location in Nagoya.

Shipping Industry Calls for Urgent Action in Migrant Crisis

Following the meeting of EU Foreign and Interior Ministers in Luxembourg yesterday (20 April) the European and global shipping industries have welcomed the increased

Norway Launches New Licensing Round

Norway launched its 2015 oil and gas licensing round in mature areas on Tuesday, expanding it to include blocks near recent discoveries, hoping for additional resources

Petronas to Deliver LNG from FLNG in Q1 2016

The world's first floating liquefied natural gas (LNG) project, built by Petronas, is expected to supply its first cargoes in the first quarter of 2016, senior

Baker Hughes Reports Q1 Loss

Oilfield services provider Baker Hughes Inc, which is in the process of being acquired by Halliburton Co for $35 billion, posted a quarterly loss compared with

Trafigura Up Oil Trades with Russia

Swiss commodities trader Trafigura said on Tuesday it had increased its exposure to Russia but that new trading activities were fully in line with U.S. and EU sanctions.

Vens in Iran, Saudi Arabia in OPEC Talks

Venezuelan delegation meeting Saudi deputy oil minister Tuesday.   Venezuela's oil minister heads a delegation to meet Saudi Arabian oil officials on Tuesday,

Norway Mulls Support for Statoil Project

Norway will ask European competition authorities whether it can provide state support to energy firm Statoil to bring oil and gas to the shore from its Johan Castberg field in the Arctic,

Increased Cooperation in the Barents Sea

Statoil, Eni Norge, Lundin Norway, OMV and GDF SUEZ will collaborate on solving operational tasks tied to exploration in the Barents Sea. The project, called BaSEC,

Arch Coal's Loss Narrows

U.S. miner Arch Coal Inc reported a smaller quarterly loss as the company kept a tight leash on costs amid falling prices. The company's net loss narrowed to $113.

MacGregor Cranes for First Subsea Mining vessel

  MacGregor, part of Cargotec, has been awarded a contract by Fujian Mawei Shipbuilding Limited for two subsea knuckle boom cranes to be installed on the world's first seabed mining vessel.

Vankorneft Starts Construction of OTP Unit at Suzun Deposit

   "Vankorneft" subsidiary "Rosneft", started the construction of one of the most important objects in the field Suzun - oil treatment (OTP) Unit with a capacity of 5.

U.S. Ports Account for 26% of Nation’s Economy

From 2007 to 2014, the total economic value that U.S. coastal ports provide in terms of revenue to businesses, personal income and economic output by exporters and importers rose 43 percent to $4.

Titan, Svitzer Merger Creates Global Salvage Giant

Svitzer, salvage division of AP Moller-Maersk and Titan Salvage, a division of Crowley Maritime Corp are merging their salvage operations to create a new market leader.

First Ocean Vessel of 2015 Arrives at Port of Indiana

Northwest Indiana celebrates opening of gateway to global markets   The arrival of the 655-foot bulk carrier M/V Irma at the Port of Indiana-Burns Harbor signals

Baltic Index Up Slightly on Higher Rates for Large Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose slightly on Monday due to firmer rates for the large vessel segments.

ExxonMobil President Seeks Swift Action on US LNG Exports

The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves

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