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ConocoPhillips posts quarterly loss of $3.5B

ConocoPhillips, a U.S. oil and gas company, on Thursday posted losses both for the fourth quarter and full year, and said it would slash the dividend and capital expenditure. The company posted a fourth-quarter 2015 net loss of $3.5 billion compar...

05/02/2016 Read

Briggs Marine buys Damen Multi Cat

Briggs Marine and Environmental Services has ordered a Damen Multi Cat 2712. The vessel will be used for wind farm support, diving operations, anchor handling, dredging assistance and vessel support. Designated the Forth War...

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Diana Shipping to add three Panamax dry bulkers

Greek dry bulk ship owner Diana Shipping has signed three Memoranda of Agreement to acquire three Panamax vessels from a related party for a price tag of USD 39.8 million. The agreements include a 2010 built Panamax dry bulk vessel of 75,700...

05/02/2016 Read Dry Bulk Values in the Pits

Both the BDI and the BCI have been hitting successive record lows. Capesize rates fell below $2000pd in January 2016 and with the current OPEX for a standard capsize sitting at around $6000pd, the majority of vessels are operating at a loss. Industry...

05/02/2016 Read

18 Seamen Evacuated as Cargo Vessel Burns in Tonkin Bay

A Mongolia-flagged bulk carrier South Star caught fire while moored in Tonkin Bay, Hai Phong, Vietnam, on February 2, according to local media. The fire, which started in the vessel’s accommodation area, was extinguished some two h...

04/02/2016 Read

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