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‘Transocean Arctic’ has secured a contract in Norway

Transocean has secured a contract for the semi-submersible drilling rig Transocean Arctic. It will be used for drilling in the Alvheim and Volund fields, offshore Norway. The news was revealed on Monday by Det norske oljeselskap, a Norwegian...

01/12/2015 Read

TORM orders four LR2 tankers for $200 million

Denmark-based tanker owner TORM says it has ordered four new build LR2 tankers from Guangzhou Shipyard International (GSI) in China for $200 million, with options to build up to six additional tankers. The four LR2 tankers are scheduled for delive...

01/12/2015 Read

Panama Canal Backlog Back to Normal

PANAMA CITY, Nov 30 (Reuters) – Waiting times for ships at the Panama Canal have returned to normal after poor weather and a spike in traffic caused delays for several weeks, the waterway’s operator said on Monday. “Today &hellip...

01/12/2015 Read

Quiet Gulf hurricane season end leaves oil drowned in oversupply

HONG KONG (Bloomberg) -- Oil bulls can say farewell to another quiet Atlantic hurricane season in the Gulf of Mexico, which ends Monday without a storm-induced price rise to lift crude from its once-in-a-generation slump.  Barely an oil worke...

01/12/2015 Read

Eleven missing after cargo ship sinks

Eleven people are missing and presumed lost after a Panama-flagged cargo ship sank in the South China Sea off the Philippines, the Philippines Coast Guard has confirmed. The ship, the MV Fortune Life, is believed to have sank Friday approxima...

30/11/2015 Read

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