Should OPEC Worry About Contango and Backwardation?
"Backwardation is the solution" to OPEC's problem of how to raise output and revenues without sparking another shale boom, according to the influential oil research team at Goldman Sachs.
US, Singapore, Thai Navies Complete CARAT
Ships from the Republic of Singapore navy, Royal Thai navy and U.S. Navy completed a three-day multilateral Cooperation Afloat…
USS Ronald Reagan Departs for Sea Trials
The U.S. Navy's only forward-deployed aircraft carrier USS Ronald Reagan (CVN 76), departed Commander, Fleet Activities Yokosuka (CFAY) May 7.
Polarcus Fleet Booked through Q3
Polarcus Limited said it has received a letter of award for a broadband 3D marine seismic project in Asia Pacific. With this contract…
Op/Ed: USCG Forges the Future of Navigation
Maintaining the system of buoys and beacons that guide mariners through our nation’s waterways is the United States Coast Guard’s oldest mission.
Weaker Vessel Rates Weigh on Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the seventh session on Tuesday…
Martek Marine Hire Head of UAV Operations
Martek Marine announced the official appointment of highly-acclaimed aviation expert Paul Forster as their Head of UAV Operations.
Odfjell Buys Secondhand Chemical Tanker
Oslo listed shipping firm Odfjell SE said it has purchased a secondhand stainless steel chemical tanker for $25.5 million. The M/T Argent Eyebright, built in 2009 by Kitanihon Shipbuilding in Japan…
Harvey Gulf Grows Fleet, Inks Long-term Contracts
As vessel many vessel operators are stacking vessels and reducing fleet size, Harvey Gulf International Marine said it has signed four non-cancelable
Wilhelmsen Drone Project Takes Off
Marking a seismic shift in just how ships agents can support their customers, Wilhelmsen Ships Service (WSS) will soon be delivering its agency
The New Offshore Reality
As a mix of traditional heavyweights and start-ups fight to keep Norway’s offshore industry afloat, collectively they assess Swedbank’s chief
Nigeria Invests in Boats to Fight Piracy
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has assured Nigerians and the