Heidmar, TBS start bulker pool alliance

Tanker pool operator Heidmar and New York-based TBS Ocean Logistics said on 7 May that they are working together to strengthen the latter’s bulker pool operations.
The agreement brings together the strengths of the two companies to service shipowner clients with a geared bulker pool.
Heidmar will

CH Offshore’s profit drops 35.1% in Q3

Singapore-listed offshore services provider CH Offshore posted lower profit of USD3.8 million, down 35.1% year on year (y/y) for the third quarter of financial year (FY) 2014/15.
The decline in profit was followed by the lower revenue of USD7.79 million in third-quarter FY 2014/15, down 13.1%

Indonesian coal output to decline

Indonesian coal miners may produce less coal this year in an attempt to turn around the drop in commodity prices, presenting another challenge to the depressed dry bulk shipping market.
The Indonesian Coal Mining Association has said that it believes that coal production will total 350-400 million

Worst to come for FPSOs in 2015

This year is not promising for new FPSO contracts as the corruption scandal engulfing Petrobras and weak oil prices are likely to discourage oil companies from going ahead with final investment decisions, said IHS Petrodata in a recent report.
IHS Petrodata analysts Ang Ding-Li and Kelvin Sam