Energy & Oil Prices

Farnese Blue diamond set to sell for £3.7million

A diamond unearthed in India 300 years ago that has passed through the hands of four European dynasties, even appearing on a tiara owned by Marie Antoinette, could fetch more than £5million at auction when it goes on sale for the first time.The 6.16-carat Farnese Blue diamond was discovered in the Golconda mine, where the…

Shipping Industry Sells Out On Paris Agreement

A call by the shipping industry  for governments to compromise on ambition ahead of key UN discussions to reduce maritime emissions actually abandons the goals of the Paris agreement, sustainable transport group Transport & Environment (T&E) has said. It was referring to a statement from International Chamber of Shipping.The…

Enterprise Marine takes delivery of towboat from Conrad

Conrad Shipyard, Morgan City, La., delivered the 102’x36’x11′ twin-screw pushboat Ray S to Houston-based Enterprise Marine Services in late 2017. The boat was built at Conrad’s Amelia, La., facility and a christening took place yesterday at Enterprise’s Houma, La., location. This is the fourth boat Conrad has built for Enterprise.“We wanted the versatility that this boat gives us as a 3…

After Driving Streaming Musics Rise, Spotify Aims to Cash In

Spotify predicts that by the end of 2018, it will have up to 96 million subscribers and $6.5 billion in revenue, according to a recent filing.But Spotifys revolution has been about more than numbers. Streaming has also brought about a shift in the business itself, transforming its underlying financial model and rewriting the rules for how hits are made.In a sense…

Gang involved in extortion arrested

Police displaying seized weapons from the robbers and money which robbed from the oil tanker lorry drivers at Old Washermenpet police station in Chennai on Friday. The Washermanpet police have arrested an eight-member gang that resorted to gun point extortion of money from oil tanker lorry owners.According to the police…

UN blacklists dozens of ships, businesses over N. Korea smuggling

Carole LANDRY,News video footage of North Korean leader Kim Jong Un during his meeting with China's President Xi Jinping is seen on a large screen above a restaurant in Beijing (AFP Photo/Greg Baker)MoreUnited Nations (United States) (AFP) - The UN Security Council on Friday blacklisted 27 ships, 21 companies and a businessman for helping North Korea circumvent sanctions…

Silicon War: How Donald Trump Can End Amazons Sweetheart Postal Service Deal

In October, a five-year contract that USPS signed with Amazon allowing the internet retailer a significant bargain on shipping costs is set to expireallowing the federal agency to re-sign at the terms with Amazon or renegotiate the deal to get a better result for USPS.Essentially, the way the deal works right now is that Amazon gets a significant discounted per package shipping rate from the USPS.

Ingalls awarded $94 Million contract to build new cutter

Ingalls Shipbuilding division received a $94 million fixed-price contract from the U.S. Coast Guard to purchase long-lead materials for a 10th National Security Cutter.“National Security Cutters continue to be extremely important assets for the coastal defense of our homeland,” said Ingalls Shipbuilding President Brian Cuccias.

Russian ships around undersea cables raise concern as Putin-controlled TV says Yantar can tap "top-s

WASHINGTON -- Russian ships are skulking around underwater communications cables, causing the U.S. and its allies to worry the Kremlin might be taking information warfare to new depths. Is Moscow interested in cutting or tapping the cables? Does it want the West to worry it might? Is there a more innocent explanation? Unsurprisingly, Russia isn't saying.But whatever Moscow's intentions, U.S.

General Dynamics-NASSCO looking to hire up to 1,000 shipbuilders

General Dynamics-NASSCO said Friday its looking to hire 800 to 1,000 workers to help the San Diego shipyard build a lengthy list of huge Navy support ships and container vessels that are collectively worth more than $4 billion.NASSCO also needs more workers to repair Navy warships, an aspect of its business that could grow…

Coast Guardsman faces $31K price tag for shipping dog home from Japan

YOKOTA AIR BASE, Japan The owner of a 221-pound English mastiff may have to pay $31,000 to fly the dog back to the United States after United Airlines recent decision to suspend its pet travel program. The plus-sized pooch named George Jefferson travels in a carrier that weighs an additional 100 pounds. Coast Guard Lt. Cmdr. Jennifer McKay, a liaison to U.S.

Scorpio Tankers (STNG) vs. Its Peers Head-To-Head Contrast

Scorpio Tankers (NYSE: STNG) is one of 144 public companies in the “TRANSPORTATION” industry, but how does it contrast to its competitors? We will compare Scorpio Tankers to similar companies based on the strength of its valuation, analyst recommendations, institutional ownership, earnings, risk, dividends and profitability.

Good Driver, Poor Credit: What Makes Your Car Costs So High

In this example, the cost of poor credit is $110 per month, and $5,273 over the life of the 48-month loan.THE TRAP OF TAKING A LONGER LOANTo get a lower monthly payment, buyers increasingly accept loans with longer terms about 42 percent take out loans for six years or more, according to the Consumer Financial Protection Bureau.While there's merit in making sure bills fit your budget…

Tanker Operator Shipping confidence reaches four year high

The average confidence level expressed by respondents was up from 6.2 out of 10 in November, 2017 to 6.4 this time. Confidence on the part of owners was also at a four-year high, up from 6.4 to 6.6, while managers’ confidence was up, from 6.1 to 6.4. However, the rating for charterers continued its recent erratic performance – down to 5 from 7.7 in November…

United States Offshore AUV & ROV Market Report 2018 – Business Analytics 24

United States Offshore AUV & ROV Market Report 2018 is a professional and in-depth study on the current state of the global Offshore AUV & ROV Market with a focus on the major countries/markets in the world like North America, EU, APAC and ROW.The report provides key statistics on the market status of the Offshore AUV…

Feature: VLCC loadings not on Port Houston radar under development program: officials - Shipping

The loading of VLCCs is not on the radar at Port Houston under its channel development program primarily for financial reasons, even though crude exports from the Greater Houston area are forecast to grow, port officials told S&P Global Platts this week.* Dredging costs seen over $1 bil* 2018 crude exports could rise 45%*…

Trump Pushes Out Shulkin at VA, Nominates Jackson as Replacement

Jackson gave Trump a clean bill of health early this year after giving the president a physical. He put him on a diet to lose some weight and directed him to get some exercise. Aides said Trump has been eating more fish and fewer cheeseburgers lately.A Texas native who has been on active duty since 1995, Jackson served during the U.S.-led war in Iraq as an emergency medicine physician in Taqaddum…

Load Freight Futures With This New ETF - March 27, 2018

Breakwave Advisors, in partnership with ETF Managers Group (ETFMG), recently launched an ETF that seeks to invest in freight futures, focusing on dry bulk shipping. The name of the fund is Breakwave Dry Bulk Shipping ETFBDRY. Let’s delve a little deeper.Inside BDRYThe fund looks to offer exposure to the daily change in the price of dry bulk freight futures.

BRIEF-Offshore Oil Engineering To Invest 3.99 Bln Yuan In Marine Engineering Equipment Manufacturing

March 28 (Reuters) - Offshore Oil Engineering Co Ltd :* SAYS IT PLANS TO INVEST 3.99 BILLION YUAN ($634.56 million) IN MARINE ENGINEERING EQUIPMENT MANUFACTURING PROJECT IN TIANJIN Source text in Chinese: https://bit.ly/2pQpKmr Further company coverage: ($1 = 6.2878 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)