Negotiators for shipping lines and terminal operators at 29 ports on the U.S. West Coast on Tuesday said they would no longer assign crews to load and unload cargo ships overnight at the massive Los Angeles and Long Beach docks.The move…
California's oil industry is being hit harder than any other state by falling prices because of the comparatively poor quality of its crude and its aging fields.The number of active drilling rigs in the state has more than halved since June 2014…
Some changes have been made to the tariff for charges at Turkish Ports in 2015, as follows:SANITARY DUESsanitary dues for port calls have been increased to 0.85 TL from 0.80 TL to all commercial vessels (excluding yatch, investivation…
Dorian LPG Ltd. a leading owner and operator of modern Very Large Gas Carriers ('VLGCs'), today announced that is has received commitments for up to $761 million of debt financing for its VLGC newbuilding program. ABN AMRO Capital (USA)…
The Port of Los Angeles has appointed Marla Bleavins as its Chief Financial Officer. Bleavins will oversee the port’s financial affairs, which include accounting, financial management, debt and treasury, risk management and audit functions.…
Star Bulk Carriers Corp. announced today that it plans to make an underwritten public offering of its common stock. The Company intends to use the net proceeds from the offering for its new building program and general corporate purposes…
Sound Oil, the European / Mediterranean focused upstream oil and gas company, has provided an update on 2014 production. Total production for calendar year 2014 from the onshore Rapagnano and Casa Tiberi gas fields in Italy was 4.44 MMScm (156…
The Panama Canal Authority (ACP) signed a cooperation agreement with the Port of Lake Charles in Louisiana earlier this week, which aims to attract new customers from the liquefied natural gas (LNG) industry; a strategy that builds upon the advantages that the expanded Canal will offer…
In May 2014 Odfjell SE announced a review of all aspects of our business model in order to improve our financial results through a more competitive cost structure.The Board has today approved a restructuring plan which, fully implemented…
Some of the world’s largest oil traders are reportedly hiring supertankers in a possible attempt to stockpile oil supplies following the plunge in world prices. Trading firms including Vitol, Trafigura and energy major Shell have all booked crude tankers for up to 12 months…
Victims of the Lac-Megantic oil-by-rail disaster that killed 47 people in the Canadian province of Quebec in 2013 agreed to a nearly $200 million settlement from Montreal Maine and Atlantic Canada Co and its U.S.-based parent company, a lawyer for the victims said in a statement on Friday…
Venezuela's petroleum export basket dropped to $42.44 per barrel this week from $47.05 last week to reach a 5-1/2-year low, the Petroleum Ministry said on Friday.The South American OPEC member's basket, which includes crude oil and refined products…
Canbank Venture Capital Fund Limited (CVCFL) has picked up approx 5% minority Equity stake in Anand Teknow Aids Engineering India Ltd, a Rs 300 crore closely held Public Limited company manufacturing hi-tech, engineering products for the Oil & Gas sector in India & Gulf…
Secretary of State John Kerry will push India to make it easier for U.S. companies to do business there on a trip next week that also takes him to Europe to meet officials from Oman, Iran and Bulgaria, U.S. officials said on Friday.Earlier this week…
Ballast Water Treatment (BWT) specialist Optimarin and Goltens, a leading provider of engineering and installation solutions for the shipping industry signed a non-exclusive worldwide agreement for retrofitting Optimarin’s Ballast System (OBS)…
