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Moore Stephens: Shipping Confidence at Three-Year High

Shipping confidence reached its equal highest rating in the past three years in the three months to end-May 2017, international accountant and shipping adviser Moore Stephens informed. The average confidence level expressed by respondents in ...

21/06/2017 Read

Centrica to close UK’s largest gas storage facility

UK energy company Centrica has decided to cease operations at its ageing Rough gas storage facility located in the Southern North Sea due to operational issues.  On April 12, 2017, Centrica plc’s subsidiary, Centrica Storage Limite...

21/06/2017 Read

Norway approves Njord and Bauge development plans

Norwegian oil company Statoil has informed that the plans for development and operation (PDO) of Njord and Bauge in the Norwegian Sea have now been approved by the authorities. Statoil is the operator of both Njord and Bauge fields with 20% and 35...

21/06/2017 Read

Unusually active hurricane season has Gulf of Mexico in sights

By Brian K. Sullivan (Bloomberg) — The Atlantic hurricane season is less than three weeks old yet it’s already threatening the energy-rich Gulf of Mexico coastline with flooding rains and sparking tropical storm warnings in Venezuela....

20/06/2017 Read

More container shipping consolidation expected

By Mike Wackett (The Loadstar) – There is a “high likelihood” of a new wave of M&A activity involving medium-size ocean carriers, as the gap widens between them and the largest container lines, according to shipping consultant D...

20/06/2017 Read

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