BP discovers oil in North Sea
02.02.2018Oil and gas company, BP, announced two new exploration discoveries in the North Sea. Namely, the discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.
learn more →U.S. Carrier to Call Vietnamese Port for First Time in Decades
26.01.2018On Thursday, American and Vietnamese officials announced that the carrier USS Carl Vinson will likely call at the port of Da Nang in March. She would be the first American carrier to arrive in a Vietnamese port since the end of the Vietnam War.
learn more →Costamare Expands Fleet as Market Improves
26.01.2018Greece-based containership owner Costamare has expanded its fleet with two ships as the container shipping industry experienced a slight recovery.
learn more →Biodegradable lubricants under scrutiny after reported failures
26.01.2018Thordon Bearings welcomed an industry initiative to evaluate the effect of biodegradable lubricants on sterntube bearings, after a reported increase in sealed oil lubricated propeller shaft bearing failures.
learn more →Suez Canal extends bulker toll discounts for 2018
19.01.2018The Suez Canal Authority (SCA) is extending toll discounts for dry bulk vessels until the end of 2018.
learn more →BP to take $1.7 billion post-tax charge over Deepwater Horizon
19.01.2018London-based oil major BP announced it expects to take a new post-tax charge of around $1.7 billion in its fourth quarter 2017 results, over 2010 Deepwater Horizon spill claims, which will lift total costs to around $65 billion
learn more →Italian ports to strengthen China’s One Belt One Road initiative
19.01.2018The Belt and Road Initiative was initially proposed by Chinese President Xi Jinping in 2013, in order to build trade and infrastructure networks, which will connect Asia with Europe and Africa
learn more →LPG, LNG tankers take advantage of expanded Panama Canal
12.01.2018With 2017 marking the first full year since the $5 billion expansion of the Panama Canal, shipments of liquefied petroleum gas and liquefied natural gas combined marked one of the largest uses of the recently enhanced waterway
learn more →Tsakos Energy Navigation Announces The Sale And Leaseback Of Two Suezmax Tankers
12.01.2018Tsakos Energy Navigation Limited announced that it has sold for $65.2 million gross, through a five-year sale and leaseback transaction, the 2005-built Suezmax tankers Eurochampion 2004 and Euronike.
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