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Offshore vessel market is bottoming out, says Bourbon


Andrew Spurrier, Europe correspondent | 3 August 2016 Bourbon’s first-half revenues dived 21% year on year to EUR599.2 million (USD670 million), although the French offshore vessel operator said some of its businesses had reached the low point in their downturns. Bourbon, which claims to be the most resilient offshore-vessel operator, has apparently escaped the acute financial difficulties affecting its peers in Asia and Norway. Singapore-based Swiber... Read More ⇒

The Good, the Bad, and the Ugly


By Jack O’Connell 2016-06-17 09:30:50 A new report from Wells Fargo rates shipping companies on the basis of their corporate governance scores. Is it possible to do well by doing good? By Jack O’Connell I don’t know about you, but to me the words “corporate governance” and “shipping” are about as far apart as any two expressions can be. Do they even belong in the same... Read More ⇒

Kemp: Oil Demand Is Not Slowing Down


By MarEx By Reuters 2016-06-21 21:27:15 [By John Kemp] “Peak oil demand” has become a fashionable concept among climate campaigners but the evidence suggests oil consumption is growing at the fastest rate for a decade and shows no sign of letting up. Global oil consumption increased by nearly 1.9 million barrels per day (bpd) in 2015, the largest annual increase since 2004, apart from the post-crisis... Read More ⇒

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