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Oil price forecasts get more bullish as oversupply concerns ease

Analysts are again raising their oil-price forecasts, in a reflection of falling concerns over the glut in crude supply. That helps relieve the pressure on members of the Organization of the Petroleum Exporting Countries—who are set to...

01/06/2016 Read

Despite lay-ups, PSV market still oversupplied

Island Offshore, a provider of offshore vessels for the oil and gas industry, has said that despite vessel lay-ups the platform supply vessel market is still oversupplied.  The company has 29 vessels in operation within the vessel segments PS...

01/06/2016 Read

Höegh LNG partners sinks to loss in Q1

Höegh LNG Partners LP reported a net loss of USD 1 million for the first quarter of this year, a decrease of USD 3.6 million from net income of USD 2.6 million reported in the corresponding period in 2015. The ne...

01/06/2016 Read

Who will gain the most from expanded Panama Canal?

The container shipping sector is bracing for a major impact from the long-awaited opening of the expanded Panama Canal, scheduled to take place on June 26, 2016.  China COSCO Shipping’s container vessel Andronikos will be...

31/05/2016 Read

Boskalis and Van Oord sign Fehmarnbelt contract

Femern A/S, a subsidiary of the Danish state-owned Sund & Bælt Holding A/S, and the Fehmarn Belt Contractors joint venture, consisting of Boskalis and Van Oord, today signed the previously announced contract related to the co...

31/05/2016 Read

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