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SEOUL (Dow Jones)–Hanjin Shipping Co. (117930.SE) will maintain a oil hedging ratio of 30% of bunker fuel purchases this year in order to be less

TOKYO – Mitsui O.S.K. Lines, Ltd. today announced that the 78,000 DWT MOL-operated containership MOL Maneuver collided with the containership Zhen

(Dow Jones) Genco Shipping & Trading Ltd. (GNK) unveiled plans to offer $50 million worth of common stock to pay for general corporate purposes. Shares of

NEW DELHI– The detention of two Italian naval officers over the fatal shooting last week of two Indians at sea has caused a diplomatic rift that deepened

By Kevin Sorbello, Chief Engineer Hollywood and the media rely on sensationalism in a very competitive and time sensitive market.  Pictures and video try to

UPDATE: The number of bodies found has now risen to 8 according to various reports.  The death toll is now at 25.  Four of the bodies have been recovered

A new generation of 37,000-tonne tankers have been ordered for the Royal Navy fleet, the Ministry of Defense announced today. The new Military Afloat Reach and

– By ABB Marine The Onboard DC grid provides a highly efficient power distribution system that allows a wide range of seagoing vessels to cut their fuel

JAKARTA (Dow Jones)–Indonesia needs to move quickly to expand and modernize its ports to keep up with a recent increase in exports and imports generated

SINGAPORE (Dow Jones)–Singapore’s Neptune Orient Lines Ltd. (N03.SG) on Wednesday reported a fourth consecutive quarter of losses and said it is

Technip was awarded by Statoil a contract, valued above €150million, for the major Åsgard Subsea Compression project located in the Norwegian Sea, 40

PRESS RELEASE – The NYK Group has completed its winter Sail on Safety campaign, which ran from December 1, 2011, through January 31, 2012. NYK carries

STOCKHOLM -(Dow Jones)- The survival of BP PLC (BP) was at risk after the company was essentially shut out of lending markets following the Gulf of Mexico oil

The Netherlands-based Offshore Ship Designers, or OSD, said Tuesday it has sealed a deal with two offshore operators to provide the ship design for 10 large

LOS CABOS — The United States and Mexico agreed Monday to work together on oil and gas development in the Gulf of Mexico, paving the way to end a

Diana Containerships Inc. (Nasdaq:DCIX), a global shipping company specializing in owning and operating containerships, today announced that the Company took

– By ClassNK As regulations curbing atmospheric pollution and greenhouse gas emissions grow stricter amid stronger calls for a greener shipping industry,

Callao terminal productivity surges 63% in seven months as $27 million invested Callao, Peru– Since assuming control of the North Terminal on July 1,

View Larger Map LONDON (Dow Jones)–Dongfang Shipbuilding Group Company Ltd (DFS.LN), said Monday that the company’s

Somali pirates have hijacked the UAE-owned M/V Savina-Fahad, Somalia Report has confirmed citing a Somali businessman in Dubai and a local pirate source.