ATHENS, GREECE–(Marketwire – Feb 28, 2013) – Capital Product Partners L.P. (the “Partnership” or “CPLP”)

(Bloomberg) — Deutsche Bank AG and two other German lenders providing about 14 percent of credit to ship owners are forgoing seizing vessels even after

(Bloomberg) — Rising U.S. naphtha exports could displace seaborne trade from the Middle East to boost demand for refined-oil tankers by 0.4 percent for

MONACO – New York-listed Scorpio Tankers (STNG) on Thursday said that it has exercised options for the construction of four fuel-efficient MR product

By Abdi Sheikh MOGADISHU (Reuters) – Somali President Hassan Sheikh Mohamud has granted an amnesty to hundreds of young Somali pirates to reduce the

By Balazs Koranyi OSLO (Reuters) – Offshore oil driller Seadrill expects to resolve operational problems this year, it said on Thursday, and predicted

(Bloomberg) — Cargill Inc., the agricultural trader that accounts for 2 percent of world freight, is ordering new ships in a reversal of a policy against

The jack-up drilling market continues to show strength today with the latest order by Perisai Petroleum Teknologi Bhd. for a Pacific Class 400 newbuild rig

By Emma Farge and Dmitry Zhdannikov GENEVA, Feb 28 (Reuters) – Vitol, the world’s biggest oil trader, reported revenues that topped $300 billion

(Bloomberg) — Brazilian miner Vale SA more than doubled spending on maritime freight in the fourth quarter as it shipped more of the steel-making

  (Bloomberg) — Pacific Basin Shipping Ltd., Hong Kong’s biggest dry-bulk carrier, posted its first annual loss since listing in 2004 after a

By Jonathan Allen NEW YORK (Reuters) – Australian mining entrepreneur Clive Palmer on Tuesday unveiled blueprints for Titanic II, a modern replica of the

A major milestone was reached today for Norwegian classification society, Det Norske Veritas (DNV).  For the first time ever, DNV has been awarded

By Yereth Rosen ANCHORAGE, Alaska, Feb 27 (Reuters) – Royal Dutch Shell Plc will not drill for oil in Alaska’s Arctic seas this year, the company

(Bloomberg) — Charter rates for Capesize ships, which fell for a 14th session today, may rebound as increased export cargoes from Brazil compensate for

WASHINGTON — U.S. Coast Guard Commandant Adm. Bob Papp delivered the 2013 State of the Coast Guard Address at the National Defense University at Fort

NEW ORLEANS — The United States Coast Guard on Wednesday said it was responding to a report to an oil spill in the Gulf of Mexico following an allision

(Bloomberg) — A storm that closed Australian ports handling 43 percent of world iron-exports delayed as many as 74 vessels amid rain that might interrupt

U.S. President Barack Obama looks at the bow sections of the USS John Warner before speaking at Newport News Shipbuilding in Newport News, Virginia on February

MANILA – As weather condition seems to be fine near Tubbataha Reef, salvaging operation for the ill-fated USS Guardian that ran aground last month along