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Low Tanker Rates Boost U.S. Oil Exports to Europe

August 18, 2016

A rare opening of an export window for crude moving from the U.S. Gulf to Western Europe has caused a flurry of interest among oil traders, with at least two securing vessels. On Tuesday, global ma...

Creditor Bank to Inject More Funds into DSME

By The Maritime Executive

August 18, 2016

On Thursday, financial industry sources reported that Korea Development Bank plans to inject more capital into Daewoo Shipbuilding and Marine Engineering, the most financially challenged of South Kore...

Maersk Supply Service Cuts Deep

By The Maritime Executive

August 18, 2016

Maersk Supply Service announced Thursday that it is following its competitors with deep cuts to its fleet and roster, a response to the down market and the widespread oversupply of OSVs. The offsh...

Ukrainian Navy Accused of Crimea "Sabotage Plot"

By The Maritime Executive

August 18, 2016

On Thursday, Russian state-sponsored media alleged that officers from the Ukrainian Navy were involved in a plot to sabotage "critical and life-supporting elements" of infrastructure in occupied Crime...

First Suezmax Tanker Transits New Panama Canal

August 18, 2016

The first Suezmax crude oil tanker that was slated to go through the newly expanded Panama Canal began its transit on Thursday, a public relations official told Reuters. The 2016-built Aegean Unity...

U.S. Pipeline Safety Report Released

By The Maritime Executive

August 18, 2016

The U.S. industry body API has released a new report, with the Association of Oil Pipe Lines (AOPL), confirming that pipelines continue to be one of the safest ways to efficiently transport energy acr...

Report Highlights Deepwater Advance in Gulf of Mexico

By The Maritime Executive

August 18, 2016

With approximately 82 percent of the Gulf of Mexico’s oil production and 54 percent of the natural gas coming from wells drilled in 1,000 feet (305 meters) of water or greater, advancement into deepwa...

Aqua Diving Services Awards Damen Sharjah Jack-up Pontoon Contract

By The Maritime Executive

August 18, 2016

Damen Shipyards Sharjah (DSS) in the United Arab Emirates has won a contract to build a shallow draught, self-propelled Jack-up Pontoon 3526 for the UAE-based contractor Aqua Diving Services Ltd. Once...

First Oil from Ghana's TEN Field

By The Maritime Executive

August 18, 2016

Ghana began pumping crude from a second offshore field operated by British company Tullow Oil on Thursday, hoping the additional revenue will boost its flagging economy. The Tweneboa, Enyenra and N...

The Swedish Club Half Year Results

By The Maritime Executive

August 18, 2016

The Swedish Club demonstrated a solid performance in the first six months of the accounting year with the announcement of its half-year results today. With balanced underwriting, the Club delivered an...

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