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Shipping Confidence Falls to Seven Year Low


By MarEx 2015-07-01 10:23:07 Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Respondents complained predominantly about low freight rates and overtonnaging, while some expressed continuing doubts about private equity funding. In May 2015, the... Read More ⇒

Action Needed on Offshore Wind Viability


By Wendy Laursen 2015-07-01 18:35:23 Cumulative offshore wind capacity is forecast to reach 57GW by 2024, but there is no end in sight for the industry’s reliance on government subsidy. Capital costs have reduced recently, predominantly due to the larger sizes of turbines installed, resulting in less infrastructure (such as support structures) being required. However, offshore wind remains reliant on government intervention or incentives to be... Read More ⇒

Offshore Exploration


Will Offshore Exploration Fall Victim to Low Oil Prices? By G. Allen Brooks 2015-05-25 13:33:06 Mid-June 2014 marked the peak in the world oil market as measured by the spot price for North Sea Brent oil, the industry’s global benchmark, which hit $115.19 a barrel. From then until February 23, the price dropped by 48 percent to $59.78. The decline was greater for the U.S. benchmark... Read More ⇒

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