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BP discovers oil in North Sea

02.02.2018

Oil 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.

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U.S. Carrier to Call Vietnamese Port for First Time in Decades

26.01.2018

On 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. 

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Costamare Expands Fleet as Market Improves

26.01.2018

Greece-based containership owner Costamare has expanded its fleet with two ships as the container shipping industry experienced a slight recovery.

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Biodegradable lubricants under scrutiny after reported failures

26.01.2018

Thordon 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.

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Suez Canal extends bulker toll discounts for 2018

19.01.2018

The Suez Canal Authority (SCA) is extending toll discounts for dry bulk vessels until the end of 2018.

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BP to take $1.7 billion post-tax charge over Deepwater Horizon

19.01.2018

London-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

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