Overall confidence levels in the shipping industry recovered to their highest level in two years in the three months ending February 2013, according to the

On Tuesday, SpaceX’s Dragon capsule detached from the International Space Station at 3:56am PT and splashed down safely almost 6 hours later about 200

By Steve Scherer ROME, March 26 (Reuters) – Italian Foreign Minister Giulio Terzi resigned on Tuesday over his government’s decision to return two

A jump in scrubber orders for Alfa Laval and Wartsila reflects a general trend of higher uptake of these systems. Finland’s Wartsila has received about

Chevron Corporation (NYSE: CVX) on Tuesday announced that it has struck oil at the Coronado prospect off the coast of Louisiana in the deepwater Gulf of

Scorpio Tankers Inc. (NYSE: STNG) on Tuesday said it has agreed to construct six additional eco-friendly, LR2 product tankers for a total cost of $300 million,

Brazilian shipbuilding and ship-leasing company OSX Brasil SA is in the process of raising a $265 million short-term loan due in 2014 from foreign investors to

March 26 (Bloomberg) — Rates for Panamax ships carrying grains ended their longest rally in a decade amid speculation demand temporarily declined before

As forewarned in December, Chinese shipbuilder Rongsheng Heavy Industries, posted a 2012 loss of USD $92 million, the opposite of the $90 million profit they

(Bloomberg) — India’s JSW Group, controlled by the billionaire Jindal family, plans to spend 40 billion rupees ($736 million) to build its first

(Bloomberg) — John Fredriksen, the richest shipping investor, is spending $2.6 billion on the biggest fleet of fuel-efficient ships in history, betting

At the Connecticut Maritime Association conference last week in Stamford, Connecticut, I sat down with Peter Evensen, President and CEO of Vancouver-based

The U.S. Coast Guard has taken delivery of its fifth Fast Response Cutter (FRC) from Bollinger Shipyards in Lockport, Louisiana. The 154-foot cutter, named the

By Kathy Finn NEW ORLEANS, March 25 (Reuters) – The officer in charge of safety on Transocean’s Deepwater Horizon drilling rig, destroyed in a BP

With all the bad press Carnival has been receiving lately, we figured they could use some good PR for once. Over the weekend Carnival Cruise’s Carnival

Japan’s Mitsubishi Heavy Industries (MHI) and Imabari Shipbuilding Co. have teamed up on a new company aimed at the large-scale design and marketing of

HONG KONG, March 25 (Reuters) – China Rongsheng Heavy Industries Group Holdings Ltd won its first orders to build two jack-up rigs worth more than $360

Talks of a merger between Germany’s largest container shipping companies have been suspended because terms of a deal could not be reached. Oetker Group,

SINGAPORE, March 25 (Reuters) – Demand for low sulphur bunker fuel in Singapore is expected to rise at least 20 percent this year, following tighter

According to Robert Bugbee, President of Scorpio Tankers, the answer to the eco-ship question can perhaps be found by considering the question, “Do you