News

Despite high hopes for Arctic business from mining to shipping as the ice melts rapidly and temperatures rise twice as fast as the global average, few firms

After years of ending the holiday shopping season with too much merchandise stacked in their warehouses, U.S. retailers face the opposite this year: They may

Royal Dutch Shell Plc is asking the Obama administration for five more years to explore for oil off Alaska’s coast, saying set backs and legal delays may

Mooring lines holding the Salamis Lines-owned RoRo Alios parted last Friday during an unexpected wind storm setting loose the 170 meter ship to her own

South Korean prosecutors on Monday sought the death penalty for the captain of a ferry that capsized in April, leaving 304 people, most of them school

After losing 13 product tankers to Oaktree Capital Management earlier this year, Danish shipowner Torm has entered into an agreement with its 40+ lenders and

The newly delivered drillship Maersk Venturer has just been picked by Total for a 45-day/one-well drilling job offshore Malaysia.  The approximately USD $17

Singapore-listed KrisEnergy Ltd announced today it has chartered the Rubicon Vantage FSO vessel and a catenary anchor leg mooring (CALM) buoy for

Ship launching using rubber inflatables, or commonly known as airbags, is a very popular vessel launching method, particularly in Asia. Besides, many

Oil tanker Carabobo, bringing Venezuela's first import of crude oil, arrived late on Saturday at the Jose port, where it is scheduled to unload up to 2 million

The United Nations Security Council authorized naval inspections of ships off Somalia’s coast and beyond suspected of carrying illegal weapons and charcoal,

Royal Caribbean’s Quantum of the Seas arrived Thursday in Hamburg, Germany sporting its new ‘north star’, a gondola-like attraction that will

Vessel operating costs are expected to rise by almost three percent in both 2014 and 2015, according to a new survey by international accountant and shipping

Billionaire shipping tycoon John Fredriksen is looking to take control of Oslo-listed Flex LNG following the purchase of 12.7 million shares through his firm

U.S. and Canadian authorities are trying to figure out what to do about barge that broke free and is adrift in the remote waters of the Beaufort Sea off

By Jack Kaskey and Naomi Christie Oct. 24 (Bloomberg) — U.S. marine shipping stocks are poised to see their shares climb 59 percent in the next 12

Dutch offshore services company Rederij Groen has taken delivery of the ‘7-Waves’, the second of three identical Seismic Research Support Vessels ordered

More than $7 billion has been invested into the search for diamonds since 2000 according to De Beers Group. Much of that has been focused in places such as

United Arab Shipping Company (UASC) is on a major expansion drive, investing more than $2 billion in bigger ships and forming alliances with peers to boost

Shipping freight rates for transporting containers from ports in Asia to Northern Europe continued to fall for the sixth consecutive