Danish oil company Maersk Oil has several billion dollars to buy new licences, oil-producing fields or even launch a corporate takeover, the company’s Chief Operating Officer told Reuters.
Crowley Puerto Rico Services, Inc. announced that it has broken ground on a $48.5-million construction project for a new pier at its Isla Grande Terminal in San Juan, Puerto Rico. The project includes the development of a new 900-foot-long, 114-foot-wide concrete pier and all associated dredging needed to accommodate Crowley’s two new liquefied natural gas (LNG)-powered, Commitment Class ships.
Statoil is optimising its exploration portfolio and has decided to exit Alaska following recent exploration results in neighbouring leases.
The cost of operating cargo ships is forecast to rise over the next two years after falling in 2015, according to the latest Ship Operating Costs Annual Review and Forecast 2015/16 report published by global shipping consultancy Drewry.
On Tuesday 17th November, Dryad Maritime released a Special Advisory on the Mediterranean. The report takes an in depth look at the complex threats currently facing commercial shipping in the Mediterranean Sea.
The NGO Shipbreaking Platform denounces Italian shipping companies Grimaldi Group, Ignazio Messina and Vittorio Bogazzi & Figli for their poor shipbreaking practices and calls upon them to take necessary actions to ensure the sustainable recycling of their end-of-life fleet as a matter of urgency.