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New tonnage record for Panama Canal

The Panama Canal set a new daily tonnage record in February 2017 of 1.18 million Panama Canal tons (PC/UMS) after welcoming a total of 1,180 vessels through both the expanded and original locks, the canal authority said. The previous record was es...

10/03/2017 Read

Oversupplied OSV market facing record number of deliveries in 2017

A record 450 offshore supply vessels are still scheduled for delivery in 2017 despite a massive oversupply in the market, according to new figures released by VesselsValue.  Already this year 15 OSV deliveries have taken place, bringing the t...

09/03/2017 Read

Oil prices rise on output cuts

By Jane Chung SEOUL (Reuters) – Oil prices climbed on Thursday after sharp losses the session before, buoyed by strong compliance with touted international production cuts, although a surge in U.S. crude inventories continued to drag....

09/03/2017 Read

Exploration is not dead

Despite what you may have heard, conventional oil and gas exploration is not dead, and on the contrary, this might even be the perfect time for the exploration players to invest. This was a main takeaway from a session titled „The future of...

09/03/2017 Read

Green light for the world’s first ship tunnel

Norwegian officials have given the green light to fully finance what is set to become the world’s first full-scale ship tunnel, bypassing one of the most dangerous areas for vessels along the Norwegian coast. The Stad Ship Tunnel will be bla...

08/03/2017 Read

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