Philippine terminal operator International Container Terminal Services (ICTSI) saw a 5 percent rise in net income reported for the first nine months of the year. Net income attributable to equity holders stood at USD 149.3 million, against USD 141.9 million earned in the same period last year. The i
The container shipping industry will have to ride out a bumpy period amid an anticipated seasonal decline in volumes spilling into the first quarter of next year and growing supply of ships. According to BIMCO, handling this will be a recurring seasonal challenge. “Bearing in mind that freight rates
Over the past 30 years, there has been a constant shift toward registering container carriers in countries dubbed as tax havens, according to the findings released by SeaIntel Maritime Analysis. The container shipping market data provider said that it has used the report: “Tax Havens: International
Tullow Oil has raised its oil production guidance for the year thanks to the higher output from Jubilee and TEN fields offshore Ghana.
Baker Hughes’ international rig count for October 2017 was 951, up 20 from the 931 counted in September 2017, and up 31 from the 920 counted in October 2016. The international offshore rig count for October 2017 was 204, up 14 from the 190 counted in September 2017, and up 4 from the 200 counted [&h
The International Chamber of Shipping (ICS) has a vision of zero CO2 emissions from shipping in the second half of the century, ICS Director of Policy, Simon Bennett said while speaking at United Nations Climate Change Conference (COP 23) in Bonn. “We are confident this will be achievable with alter
Eni has informed that the Ochigufu and Vandumbu fields offshore Angola would be launched in 2018 and 2019, respectively.
The International Energy Agency (IEA) has launched the Clean Energy Transitions Programme with the backing of 13 countries to support clean energy transitions around the world.
Egyptian tender for the supply of liquefied natural gas (LNG) will be split between Spain’s Gas Natural Fenosa and three Swiss commodity traders.
The introduction of autonomous ships, often described as the next step for the maritime industry, is looming as projects have already been launched to make the smart ship concept a reality. One of the examples is the construction of the world’s first electric and autonomous containership, Yara Birke
Aminex has seen production from its Kiliwani North drop below one mcf per day due to issues at the gas processing plant.
The return to permanent profitable freight rates in the dry bulk sector is still way off, however, there has been a slight fundamental market improvement, according to BIMCO’s latest market overview. Capesize ships have been in profitable territory earning above USD 15,300 per day since August, and
