News

Gate installation for the new locks of the expanded Panama Canal began this week, marking the next phase of construction for the $5+ billion expansion

Following Scorpio Bulkers’ announcement on Wednesday of their plan to build six LR2 product tankers in lieu of their planned Capesize bulk carriers, the

Scandinavian LNG supplier Skangass announced today a final investment decision has been made to construct a liquefied natural gas (LNG) import terminal at the

In a muddy clearing in southern Sumatra, a portable diesel power plant hammers away alongside a wellhead, struggling to extract crude from a depleted reservoir

New Zealand's Transport Accident Investigation Commission has just released its Final Report into the causes and circumstances of the 2011 grounding.

A federal jury in New Orleans has convicted a chief engineer of environmental crimes relating to the use of a 'magic pipe' aboard the vessel he served on in

The bow section of the bulk carrier MV Smart has been refloated and scuttled off the coast of South Africa about 17 months after the ship

West Coast dockworkers and their employers remain far apart in contract negotiations that have stretched over seven months and no settlement is imminent, a

Denmark has arrested a former manager of collapsed ship fuel supplier OW Bunker and intends to hand him to Italy, where he is suspected of fraud, the Danish

Saudi Arabia and OPEC would find it “difficult, if not impossible” to give up market share by cutting crude production, the country’s oil minister

The small island nation of Seychelles has acquitted three previously convicted Somali pirates and has ordered their repatriation, marking the latest judiciary

Shipping firms operating in northern Europe will not get the full benefit of plunging oil prices as they face higher fuel costs and potential insurance

Iron ore and shipping costs plunged to the lowest in five years amid signs China’s slowing economic growth and a glut of the commodity are sapping seaborne

Container shipping firm Maersk Line said a fresh attempt made on Monday to raise freight rates on main routes from ports in Asia to those in northern Europe

An Italian shipping firm has pleaded guilty and agrees to pay a $2.75 million criminal penalty for falsifying oil record books in relation to the use of a

Scorpio Bulkers announced today that it has partially scrapped its Capesize newbuild plan and will instead be replacing six of their Capesize orders with an

17 kilometers of anchor chain weighing in at over 8,100 tons are being manufactured in Spain at Vicinay Cadenas for the Shell Prelude FLNG facility. This will

Following up on their newbuild plan and associated charter contract announced last week, Farstad Shipping has today chosen Vard Holding Ltd. for the

The gridlock at U.S. West Coast ports is unlikely to be alleviated by routing cargoes through Canada, whose Pacific ports face their own

The first of the new lock gates for the expanded Panama Canal are being installed into place approximately one year ahead of the Third Set of Locks'