Industry News

Norwegian oil company Statoil announced in its 2Q15 interim results statement today that it will trim its 2015 capital expenditure by USD500 million from an earlier forecast to an expected USD17.5 billion.
It was the second time this year the company reduced its 2015 capital expenditure plans

A Turkish-registered general cargo ship has been accused of fleeing arrest in Malta over an unpaid bunkering bill.
Several local Maltese news sites reported that 1993-built Feyza Genc allegedly left Malta at night after being detained by the coastguard over a EUR45,000 (USD49,715) unpaid bill due

Danish cross-Channel operator DFDS resumed sailings between Calais and Dover this morning after a “positive” round table meeting organised by French Secretary of State for Transport Alain Vidalies in Paris yesterday.
DFDS suspended its sailings between the two ports on Sunday after disturbances in

French container line operator CMA CGM has taken delivery of the biggest container carrier ever built by a Chinese yard.
The 18,000 teu Vasco de Gama, which measures 399 m by 54 m, was handed over to the Marseilles-based group yesterday by China State Shipbuilding Corporation (CSSC).
It is the