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Maritime Executive

Maersk Oil Cutting Capital Expenditures

By The Maritime Executive
September 10, 2015
In its latest cost-savings measure, Maersk Oil has announced that it will cut $1 billion off its annual budget for capital expenditures (capex). The company said it will have long-term capex in the ra...
Maritime Executive

PETRONAS, Pertamina and Talisman Malaysia Developing Decommissioning Strategy

By The Maritime Executive
September 10, 2015
The current low oil price environment has created upheaval for the oil gas industry globally. In a world where the $60 barrel seems to becoming the new normal operators must face the reality that some...
Maritime Executive

Tianjin Explosions Could Cost $3.3 Billion

By The Maritime Executive
September 9, 2015
New York reinsurance broker Guy Carpenter & Company has estimated that it could cost $3.3 billion to cover the extent of losses associated with the Tianjin explosions. The company has released a re...
Maritime Executive

Watch: New Ads Promote U.S. Crude Exports

By Wendy Laursen
September 9, 2015
The American Petroleum Institute (API) has launched a new series of ads highlighting what it sees as the broad economic and national security benefits of crude oil exports. “We’re speaking directly...
Maritime Executive

India Clears Offshore Wind Development

By The Maritime Executive
September 9, 2015
Indian Prime Minister Narendra Modi has announced that the nation will adopt offshore wind policies that will pave the way for development of offshore wind energy projects as well as research and deve...
Maritime Executive

Cruise Ship Fire Leaves Passengers Stranded

By The Maritime Executive
September 9, 2015
More than 3,300 passengers aboard the Carnival Liberty are stranded in St. Thomas after an engine fire on Monday. No injuries were reported, and the U.S. Coast Guard is investigating the cause. The...
Maritime Executive

Maersk Fuels Growth with Terminal Acquisitions

By The Maritime Executive
September 8, 2015
APM Terminals has purchased a majority stake in Spain’s leading container terminal operator, fueling the Maersk Group’s strategy to invest in growth through the business cycle. The acquisition of B...
Maritime Executive

Dynamar Releases Container Volumes Report

By The Maritime Executive
September 8, 2015
Dynamar B.V., Alkmaar, The Netherlands, has recently issued its latest report in the Ports and Terminals series, titled “Container Volumes and Terminal Capacity in North Europe II”.  Publication hi...
Maritime Executive

Israel Approves Gas Development Deal

September 7, 2015
Israel's parliament on Monday approved a deal that would enable the development of three offshore natural gas fields, although significant regulatory hurdles remain. In a non-binding vote, lawmaker...
Maritime Executive

Meeting Future Environmental Challenges for Shipping, Navies

By The Maritime Executive
September 6, 2015
By the year 2030, twice as many offshore structures will exist than today, including 100 times more wind turbines. Within the next 15 years, 50 percent of the world’s oil will be produced offshore and...

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