DNV Forum: “Tougher Regulations Ahead”

“The oil spill in the Gulf of Mexico is widely expected to lead to tougher regulations with consequences for the whole offshore industry,” says Andreas Sohmen-Pao, CEO of the BW Group, one of the world’s leading maritime groups, to DNV Forum. He adds that new requirements, if based on thoughtful regulation, can bring the industry forward and generate business opportunities for progressive companies.

Investing in Shipping Stocks

If your looking in to investing in Shipping stocks a good article been written on the subject by The Motley Fool . The article describes the General Maritime company but the principles applies for any shipping company in the stock exchange.

ExxonMobil Commissions New Ultra Low Sulfur Diesel Units

FAIRFAX, Va.–(BUSINESS WIRE)–ExxonMobil announced today it has completed commissioning of new units to produce ultra low sulfur diesel at its Baytown, Texas and Baton Rouge, LA refineries. This will enable ExxonMobil to increase the supply of ultra low sulfur diesel by over 3 million gallons a day from the refineries, and allow for reduced emissions from diesel consumption when used in modern engines.

NCL in Agreement with Meyer Werft of New Cruise Ships

Following the successful launch of Norwegian Epic, the Company s largest and most innovative ship to date, Norwegian Cruise Line announced today that it has reached an agreement with MEYER WERFT GMBH of Germany to build two new next generation Freestyle Cruising ships for delivery in spring 2013 and spring 2014, respectively.

STX Finland and Viking Line Sign Agreement For Cruise Ferry

STX Finland Oy and Viking Line ABP have signed a preliminary agreement for the construction of an environmentally friendly, new generation cruise ferry for Viking Line. The agreement includes an option for a sister ship. The ship price will be about 240 million euros, and will be built at Turku shipyard for delivery in the beginning of 2013.

MOL Table Top Drill Tests –

The three-and-a-half-hour drill began at 1 p.m. Friday, October 22. The intent of the exercise was to strengthen the foundation of corporate social responsibility laid out in the MOL Group Corporate Principles