News

By Slav Okov (Bloomberg) — Royal Dutch Shell Plc signed a five-year contract for oil and natural gas exploration in the deep waters of the Black Sea off

By Sabrina Valle and Harry R. Weber (Bloomberg) — Petroleo Brasileiro SA, Brazil’s state-owned energy company, is scheduled to receive the first cargo

By Joe Carroll and Harry R. Weber (Bloomberg) — The sea stretched toward the horizon last New Year’s Eve as the Theo T, a red-and-white tug at her

By David Tweed (Bloomberg) — China may be building a high-frequency radar installation in the disputed South China Sea, posing a bigger threat to the

A Filipino ship captain has pleaded guilty to one felony count for obstructing a U.S. Coast Guard investigation into pollution crimes aboard his ship. Genaro

By Chris Bryant (Bloomberg) — The global steel and shipping industries have for years been locked in a tight embrace. Iron ore and coal, key raw

COPENHAGEN, Feb 22 (Reuters) – Qatar and Royal Dutch Shell have agreed to develop liquefied natural gas (LNG) as a marine fuel for use by the

FRANKFURT, Feb 22 (Reuters) – German bank NordLB and two partners have formed a joint venture that will specialise in advising on the restructuring of

By Jacob Gronholt-Pedersen Feb 22 (Reuters) – A liquefied natural gas (LNG) tanker on Sunday docked at the Sabine Pass terminal in Louisiana, with only

By Amir Bornaee, Market Analyst, EMEA Oil In recent days, tankers chartered by several European companies such as Total, Litasco, and Cepsa were monitored

Feb 20 (Reuters) – The captain of the doomed El Faro warned that the “clock was ticking” as his cargo ship took on water in an Atlantic

By Saikat Chatterjee and Tara Joseph HONG KONG, Feb 19 (Reuters) – Off the coast of a nearly deserted island below the southern tip of Hong Kong, at

The U.S. Coast Guard was investigating the grounding of a tug and barge in the Atlantic Ocean near the Absecon Inlet in southeastern New Jersey on Saturday.

By Emma O’Brien (Bloomberg) — Fiji is surveying the damage from the strongest tropical cyclone to ever hit the South Pacific nation, with at least

The wreck of the Costa Concordia – or least what’s left of it – continues to be broken up in Genoa, Italy in preparation for final demolition

By Donald Frost SS EL FARO’s age (39 years) has risen as a cause of its loss: But the issue, to my mind, is not age but inspection and

TC Winston continues to strengthen and at 06UTC 19th was located about 330 NM east of Suva, Fiji and was moving west at 12 knots.  Max winds are estimated

Royal Caribbean’s next 168,666-ton Quantum-class cruise ship Ovation of the Seas was floated out of Meyer Werft’s covered building dock II on

Feb 19 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marginally rose on Friday

By Keith Wallis SINGAPORE, Feb 19 (Reuters) – Freight rates in Asian trades for very large crude carriers (VLCCs) are set to hold steady around current