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Not much to look forward to this year for oversupplied carriers

Posted to Far East Maritime (by Greg Knowler) on April 29, 2011

The first quarter results have been coming in over the last month and they are a mixed bag of good, bad and ugly. Good would be China’s Cosco Shipping, a subsidiary of the country’s largest shipping firm China Ocean Shipping (Group) Co, which announced a 150 percent increase in net profit.

Drill Ship Construction Boom in Brazil

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on September 14, 2010

Petrobras alone is responsible for ordering a total of 28 drill ships of which 9 have already gone through the tendering process and will soon start being built. Transocean is building 9 drill ships at international shipyards, including the Petrobras 10…

Irano Hind may weather US/EU ban

Posted to Irano Hind may weather US/EU ban (by Joseph Fonseca) on August 2, 2010

The sanctions imposed by the US and the European Union on Iran because of its nuclear ambitions are likely to see the Islamic Republic of Iran Shipping Lines and a number of entities with which it is associated becoming prime targets. For Irano…