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Friday, November 16, 2018

GOM Lease Sale News $690M in Bids

Posted to Offshore Oil & Gas (by Gregory Trauthwein) on June 29, 2009

Good news, particularly of the financial variety, is not always easy to find these days. For those serving the maritime industry, some degree of solace can be be found in the offshore oil and gas markets, which continue to drive new business despite a global financial crisis.

Energy Policy - China vs. the US

Posted to Energy (by Shane Shea) on June 29, 2009

The events of recent months have exposed the differing approaches to energy as practiced by China and the United States (US). China has lent Brazilian oil giant Petrobras $10 billion to further its offshore exploration work in return for a flow of oil equaling 160,000 barrels per day (b/d).

Mid-term Outlook Glum

Posted to Marine Finance (by Shane Shea) on June 25, 2009

Just back from a day at Marine Money Week in New York, and as expected the overall tone was generally depressed. Talks of megadeals from years past were relegated to tips for survival, and the do's and don'ts of laying up ships in long and short term storage.

WCI Touts Stimulus Funding

Posted to Inland Waterways (by Gregory Trauthwein) on June 24, 2009

The Waterways Council (WCI) (www.waterwayscouncil.org) hosted a lunch in today to update the media on WCI initiatives for the coming year. WCI, which is made of nearly 250 companies which do business on the U.S. inland waterways, continues…

China Plows Ahead

Posted to Shipbuilding (by Gregory Trauthwein) on June 23, 2009

Conventional wisdom of supply and demand would dictate that when demand is low -- or in the case for new ships, nonexistent -- supply would shrink accordingly. China appears to continue to buck common economic philosophy, as it announced plans to build a massive ship construction facility…

Maritime Recovery: When and Where?

Posted to Maritime Economics (by Gregory Trauthwein) on June 23, 2009

Though there are signs of economic recovery, the reality remains that the maritime industry is in for a tumultuous mid-term future, as a record orderbook of ships and boats enter an already beaten down market. Talk last week in Oslo at NorShipping 2009 centered not on if…

Can $80 Oil Trigger a New Recession?

Posted to Energy (by Shane Shea) on June 22, 2009

I read an interesting research note from UK's Douglas-Westwood which contends that $80/barrel oil will trigger another recession. According to the research note, Saudi Oil Minister al-Naimi warned that under-investment in oil capacity may lead to a return to $150/barrel oil, “or even worse”.

Underwater Port Security: Minimize the Threat

Posted to Maritime Security (by Roberto Foster) on June 22, 2009

"New Advances in Sonar Diver Detection Systems: The Hidden Threat Facing Military and Civilian Ports" is a new White Paper available online, a white paper outlining tech advances in sonar technologies and how they can protect military and civilian ports and visiting ships from enemy divers.

DNV: 15% Emission Reduction, No Added Costs

Posted to Maritime Emissions (by Gregory Trauthwein) on June 22, 2009

Shipowners can reduce air emissions up to 15% from ships, using available technology on today’s ships, according to Tor Svensen, COO of DNV Maritime, without incurring additional costs. Speaking in Oslo the day before the start of NorShipping 2009…

DNV: 15% Emission Reduction, No Added Costs

Posted to Maritime Emissions (by Gregory Trauthwein) on June 22, 2009

Shipowners can reduce air emissions up to 15% from ships, using available technology on today’s ships, according to Tor Svensen, COO of DNV Maritime, without incurring additional costs. Speaking in Oslo the day before the start of NorShipping 2009…

DNV: 15% Emission Reduction, No Added Costs

Posted to Maritime Emissions (by Gregory Trauthwein) on June 22, 2009

Shipowners can reduce air emissions up to 15% from ships, using available technology on today’s ships, according to Tor Svensen, COO of DNV Maritime, without incurring additional costs. Speaking in Oslo the day before the start of NorShipping 2009…

DNV: 15% Emission Reduction, No Added Costs

Posted to Maritime Emissions (by Gregory Trauthwein) on June 22, 2009

Shipowners can reduce air emissions up to 15% from ships, using available technology on today’s ships, according to Tor Svensen, COO of DNV Maritime, without incurring additional costs. Speaking in Oslo the day before the start of NorShipping 2009…