Hambug Sud

Hamburg Süd, along with her Brazilian sister company Aliança as well as the tramp activities operating under Rudolf A. Oetker and Furness Withy Chartering, benefited from a resurgent world economy in 2010.

Ship Finance International has agreed to build four 4,800TEU newbuilding container vessels at a state-owned shipyard in China with scheduled delivery in 2013.

Jude    Maritime News     Aliança, container liner services, conventional break-bulk, Furness Withy Chartering, Hamburg Süd, Hamburg Süd Group, liner shipping, panama carrier, post panamax carrier, Ship Finance International, time-charter basis

Two gas fields to be developed in Iran

A contract worth $1billion was signed with Khatam-ul-Anbia Construction Headquarters to develop two gas development projects, a senior official said Saturday.

Prime Minister Julia Gillard sought to enhance Australia’s commercial ties with its largest trading partner while downplaying differences in strategic outlook.

Jude    Maritime News, Oil and Gas     Halgan, Khatam-ul-Anbia Construction, Mehdi Fakour, oil and gas drilling, oil and natural gas, Prime Minister Julia Gillard, Sefid Baghoon gas fields, South China Sea, South East Asia, South Korea, world's largest offshore energy

Chinese shipyards still Number one

For the second year running, Chinese shipyards clinched a greater volume of vessel orders than close rival South Korea.

Mitsubishi Heavy Industries has announced consolidated results for the first nine months of FY2010 (April 1 to December 31, 2010), reporting net sales of JPY2087.7 billion (US$25.6 billion), up 4.4 percent from the equivalent period in 2009.

Jude    Maritime News, News     Chinese builders, Chinese shipyards, Clarkson Research Services, maritime business, Maritime News, maritime updates, maritime world, Mitsubishi Heavy Industries, world of shipbuilding

Mexico-Tampa Express line

Israeli carrier Zim has launched a new line, the Mexico-Tampa Express serving the trade between Mexico, Florida and the Caribbean.

Trans-Pacific carriers are predicting that cargo demand will continue to improve during 2011 as the US economy recovers, roughly in line with new vessel capacity entering the Asia-US trade lane over that period.

Danaos Corporation took delivery of one newly built containership, the ‘Hanjin Algeciras’, expanding its operational fleet to a total of 51 containerships aggregating 223,329TEU.

Jude    Maritime News, News     box ships, cargo ships, container lines, container shipping, Danaos Corporation, Hanjin Algeciras, Israeli carrier Zim, Mexico-Tampa Express, President and CEO of Hanjin Shipping Co., shipping logistics, Trans-Pacific carriers, Transpacific Stabilisation Agreement, world of container lines, Y.M. Kim, Zim's global network

GE oil and gas

General Electric has agreed to buy John Wood’s group’s well support business for about $2.8 Bn. as it hopes to bolster its unconventional oil and gas production services.

President Barrack Obama will implore the Congress to repeal an array of tax incentives which the oil and gas industry has enjoyed for decades

Jude    Maritime News, Oil and Gas     Capitol Hill, deepwater oil drilling, GE oil and gas, house of representatives, natural gas production, oil and and gas production, oil drilling, oil world, president Barrack Obama

Latest on Oil and Gas drilling

As the oil reserves dry up, oil companies look towards hard to get sources to supply the ever increasing demand for oil and oil based products such as the gas that we put in our cars. Previously, tapping into oil reserves was a mere simple matter of drilling down into the oil baring rock and then putting a pump above the drill bore.

Kodiak Oil and Gas has seen a meteoric rise over the past twelve months. The 899 million market cap looks to be heading for a billion in the short term. It seems that the Williston Basin has made an average company into an up and coming star.

Jude    Maritime News, Oil and Gas     demand for oil, Divide county, Dunn county, eastern Anticline position, extracting natural gas, fossil fuel, gas prices, Kodiak Oil and Gas, Maritime News, maritime updates, McKenzie county, Nesson Anticline, offshore today, oil and gas today, oil based products, oil companies, oil reserves dry up, shale gas, shale gas price, Sheridan county, Williams County, Williston Basin

Alaska LNG plant shuts down

ConocoPhillips and Marathon Oil Corp. confirmed Wednesday that they plan to close the Kenai liquefied natural gas plant after more than 40 years in operation, citing market changes.

Anadarko Petroleum Corp. said on Thursday that it encountered about 240 feet of oil, condensate, and natural gas in an offshore exploration well near Ghana.

Jude    Oil and Gas     Anadarko Petroleum Corp., Dan Clark, drilling rig, Kenai liquefied natural gas plant, Marathon Oil Corp., oil and gas drilling, oil updates, world of LNG, xConocoPhillips

Iran to pump in $ 150 Bn. in oil and gas

Iranian Oil Minister Masoud Mirkazemi said that the ministry will invest $150 billion in the oil and gas industry during the Fifth Five Year Development Plan.

Oil and gas company Exco Resources Inc. said it received $230 million from its joint venture partner BG Group for 50 percent of Marcellus shale assets it recently acquired.

Jude    Maritime News     BG Group, British gas producer, Chief Oil & Gas, EXCO Resources Inc, Iranian Oil Minister Masoud Mirkazemi, LNG updates, Marcellus shale assets, New York Stock Exchange, oil and gas drilling, oil and gas industry, oil and gas today, oil world, world oil updates

Oil prices in the limelight again as prices are ready to soar

Oil prices may have stormed back into the headlines by crossing the ominous $100 a barrel threshold in recent weeks.

The U.S. Interior Department said on Tuesday it will conduct a review on the environmental impact of leasing certain oil and natural gas tracts in the Gulf of Mexico as part of its next five-year drilling plan.

Jude    Maritime News, Oil and Gas     Alabama, BG Group, BP oil spill in the Gulf of Mexico, carbon dioxide emissions, coasts of Texas, energy consumption, ExxonMobil, five year drilling plan, Gulf of Mexico, Louisiana, Mississippi, oil prices, Royal Dutch Shell, U.S. Interior Department, world’s largest oil and gas companies

Drilling setback sends shares for a tumble

SHARES in three oil and gas firms that are active in the North Sea tumbled following a disappointing update on drilling in an area where they have made big finds.

The Oil and Gas Division of General Electric Company has been awarded a contract to provide seven subsea tree and wellhead systems, by Maersk Oil North Sea UK Limited for deployment in the U.K. North Sea.

Jude    Maritime News, Oil and Gas     Catcher North well, Central North Sea, Encore Oil, GE Oil & Gas, General Electric Company, Maersk Oil North Sea UK Limited, Nautical Petroleum, Oil and Gas Division, oil and gas drilling, oil news around the globe, oil updates, Premier Oil, seven subsea tree, wellhead systems