Shale energy: It’s the high sign for breakbulk shipping - by Karen Thuermer

The United States is undergoing an unprecedented oil and gas revolution. In fact, this boom is creating a situation where the United States offers logistics and transportation advantages that are fueling what is fast becoming a manufacturing renaissance.

Record Singapore fuel oil trades congest port, snarl loadings

Reuters | July 03, 2015 | Energy | Maritime | Ports & Terminals | Ports | Wet Bulk Port

Buyers trying to load record fuel oil volumes traded last month in Singapore are congesting the port's oil terminals, while land tanks are nearly full and tens of millions of barrels of marine fuel are being held in ships, traders and shipbrokers said. Read More »

Tanker arrivals create volatility in U.S. oil stocks

Reuters | July 03, 2015 | Energy | Maritime | International Trade

U.S. crude stocks unexpectedly rose by almost 2.4 million barrels last week, breaking a run of eight consecutive weekly declines and sending oil prices sharply lower. Read More »

BP to Settle Federal, State and local Deepwater Horizon claims for up to $18.7 Billion

AJOT | July 02, 2015 | Energy | Maritime | International Trade

Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in principle to settle all federal and state claims arising from the event. Read More »

Saudi’s Bahri to buy five more oil tankers from Hyundai Heavy

Reuters | July 01, 2015 | Energy | Maritime

National Shipping Company of Saudi Arabia (Bahri) has signed a deal to buy a further five very large crude tankers from ship builder Hyundai Heavy Industries, the exclusive oil-shipper for Saudi Aramco said on Wednesday. Read More »

Arctic oil rig departs Seattle-area port despite protest

Reuters | June 30, 2015 | Energy | Maritime

U.S. Coast Guard and police boats cleared a way through protesters in kayaks at a Seattle-area port on Tuesday so Royal Dutch Shell’s second of two Arctic drilling rigs could depart for Alaska. Read More »

Statoil awards $890 mln North Sea contract to Samsung Heavy

Reuters | June 30, 2015 | Energy | Maritime

STATOIL-SAMSUNG HEAVY/NORTH SEA (UPDATE 1):UPDATE 1-Statoil awards $890 mln North Sea contract to Samsung Read More »

Stolt Tankers Acquires Three Ships for European Regional Fleet

GlobeNewswire | June 23, 2015 | Energy | Maritime

Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that Stolt Tankers B.V. has agreed to acquire three 5,800 dwt fully stainless steel parcel tankers from Odfjell Tankers AS. The ships, which were built in 1997-1998 and are sister ships of three tankers currently operated by Stolt Tankers, are expected to join the Stolt-Nielsen Inter-Europe Service by the end of August 2015. Further terms of the transaction were not disclosed. Read More »

NLNG eyes $1.5 billion debut ship yard in Nigeria

Reuters | June 19, 2015 | Energy | Maritime | Liner Shipping

Nigeria Liquefied Natural Gas Company (NLNG) is sponsoring the construction of the first major ship yard in Africa’s biggest economy at the cost of $1.5 billion, in its attempt to turn the country into a hub for maritime operations on the continent. Read More »

Cosco and BJC to build Petrobras oil-platform units, Galp says

Reuters | June 17, 2015 | Energy | Maritime | International Trade

China Ocean Shipping Co and Thailand’s BJC Heavy Industries Plc have won a contract to build 24 natural-gas compressors for six oil platforms being built by Brazil’s Petrobras and its partners in two giant offshore oil areas, one of those partners said on Wednesday. Read More »

GAC Poland waves off Nauta yard’s biggest ever vessel

AJOT | June 16, 2015 | Energy | Maritime | Liner Shipping

Shipping and logistics services provider GAC Poland has bidden farewell to the largest vesselever to call at the Nauta shipyard in Gdynia/Gdansk. Read More »

San Diego Military2Maritime Event on Monday, June 22 with Rep. Duncan Hunter (R-CA)

AJOT | June 16, 2015 | Energy | Maritime | Ports & Terminals

Event for Current/Former Military Will Help Veterans Transition to Maritime Industry Jobs Read More »

Second small oil tanker hijacked in Malaysia this month

Reuters | June 15, 2015 | Energy | Maritime | Liner Shipping

A small oil tanker was hijacked off the southeast coast of Malaysia over the weekend in the second such incident in the same area this month, raising further concerns over piracy in Southeast Asia, maritime officials said on Monday. Read More »

DNV GL appoints Tor Svensen as Group EVP and Knut Ørbeck-Nilssen as Maritime CEO

AJOT | June 12, 2015 | Energy | Maritime

DNV GL Group has appointed Tor Svensen as Group Executive Vice President. Knut Ørbeck-Nilssen will succeed Tor Svensen as Chief Executive Officer of its Maritime business area. Both will report to the incoming Group President & CEO Remi Eriksen, starting 1 August 2015. Read More »

Asia Tankers-VLCC rates to soften before rebounding on July cargoes

Reuters | June 12, 2015 | Energy | Maritime

Rates for very large crude carriers (VLCCs) on key Asian routes are set to soften early next week before rebounding on the first wave of supertanker charters from the Middle East to Asia in July’s fixture programme, brokers said. Read More »

North Sea’s Hound Point VLCC jetty reopens on schedule

Reuters | June 08, 2015 | Energy | Maritime

Hound Point’s Jetty 1 in the North Sea has reopened on schedule following planned maintenance, a spokeswoman for operator BP said on Monday. Read More »

Homeless Atlantic oil cargoes deepen global glut

Reuters | June 01, 2015 | Energy | Maritime | International Trade

A shadowy build up of oil has intensified in the Atlantic Basin with homeless cargoes of crude turning into unintentional floating storage - another sign the global surplus has some way to go before clearing. Read More »

Gulf Keystone eyeing Maersk’s Jon Ferrier as new CEO

Reuters | May 31, 2015 | Energy | Maritime

Gulf Keystone Petroleum is set to name Jon Ferrier, a senior executive at Danish-based shipping company Maersk, as its new chief executive to replace John Gerstenlauer, Sky News reported, citing unnamed sources. Read More »

Bahri signed an agreement to build 5 crude carriers with Hyundai Samho Heavy Industries Co. Ltd.

AJOT | May 28, 2015 | Energy | Maritime | Liner Shipping

The National Shipping Company of Saudi Arabia (Bahri) signed with Hyundai Samho Heavy Industries (HSHI) today, May 21, 2015, an agreement to build 5 VLCCs plus 5 more optional VLCCs. Read More »

Indonesia’s Pertamina signs MoU for Kalibaru fuel storage terminal

Reuters | May 28, 2015 | Energy | Maritime

Indonesia’s Pertamina signed a memorandum of understanding (MoU) with state port firm Pelindo II and shipping firm ASDP to build a fuel import terminal in Kalibaru, State Owned Enterprise Minister Rini Soemarno said on Thursday. Read More »

Brazil petroleum group suggests changes to national-content rules

Reuters | May 27, 2015 | Energy | Maritime | International Trade

Brazil’s national oil-industry association, IBP, released a list of suggestions for regulatory changes on Monday that it hopes will boost exploration activity in the wake of falling oil prices, high costs, delays and a graft scandal at state-run oil company Petrobras. Read More »