The Obama administration on Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc (BP.L) rig in the Gulf of Mexico.
Shipping freight rates for transporting containers from ports in Asia to Northern Europe have plummeted 78 percent this year, after posting another drop this week, a source with access to data from the Shanghai Containerized Freight Index told Reuters.
The Obama administration will announce Thursday safety regulations for offshore oil and natural gas drilling to prevent the kind of explosion that happened six years ago on a BP rig in the Gulf of Mexico, an official told Reuters.
Two Russian warplanes flew simulated attack passes near a U.S. guided missile destroyer in the Baltic Sea on Tuesday, the U.S. military said, with one official describing them as one of the most aggressive interactions in recent memory.
MacGregor, part of Cargotec, has secured orders for environmentally-friendly equipment for four next-generation eco-cruise ships which will be built in Germany and Finland. The vessels will be the first liquefied natural gas-powered cruise ships to enter the market.
Fuel consumption is not very sensitive to a small change in prices in the short run, but if the price change is large enough and lasts long enough the amount used can change significantly.
India and the United States have agreed in principle to share military logistics, the countries’ defence ministers said on Tuesday, as both sides seek to counter the growing maritime assertiveness of China.
The newly expanded Gwadar deep-water port in Pakistan that is key to a planned $46 billion Chinese economic corridor is nearly complete and expects to process about a million tons of cargo next year, the operator said on Tuesday.
French container shipping group CMA CGM has offered concessions in a bid to win European Union antitrust approval for its $2.4 billion takeover of Singaporean rival Neptune Orient Lines.
Six Turkish members of a cargo ship’s crew have been kidnapped by pirates off the coast of Nigeria, a spokesman for the Nigerian navy said on Monday.
Marine and offshore engineering companies are turning to cruise ships, fishing vessels or even sea-based wind farms to keep their earnings afloat as weak oil prices slash new spending by big energy companies.
The U.S. military on Thursday christened an experimental self-driving warship designed to hunt for enemy submarines, a major advance in robotic warfare at the core of America’s strategy to counter Chinese and Russian naval investments.
Venezuela’s PDVSA will discharge in the coming days its first cargo of U.S. crude bought from British BP, who along with China Oil was awarded a tender to supply the state-run company with some 8 million barrels in the second quarter, traders close to the deal told Reuters on Wednesday.
Sri Lankan Prime Minister Ranil Wickremesinghe is heading to Beijing on Wednesday to negotiate a $125 million penalty that a Chinese state firm is seeking from Sri Lanka for suspending work on a big port development project.
The Danish government said it would try to find an economically viable solution for gas production in Denmark’s part of the North Sea, after A.P. Moller-Maersk threatened on Monday to shut down the country’s main gas field.
Oil major Royal Dutch Shell has pulled its application from Norway’s Arctic-focused oil licensing round, the firm said on Monday, in a blow to the Nordic country’s ambitions to explore for oil and gas in its northern offshore areas.
U.S. Judge Carl Barbier granted final approval on Monday to BP Plc’s civil settlement over its 2010 Gulf of Mexico oil spill after it reached a deal in July 2015 to pay up to $18.7 billion in penalties to the U.S. government and five states.
Iran is seeking $2.5 billion investment to modernise its oil tankers fleet following the lifting of sanctions against Tehran, managing director of National Iranian Tanker Company (NITC) was quoted as saying by state news agency IRNA on Saturday.