News

Tsuneishi Group (ZHOUSHAN) Shipbuilding has received newbuild orders this week for four 1,020 TEU containerships from the Hong Kong-based subsidiary of

By Jungmin Jang and Ju-min Park MOKPO/JINDO, South Korea, April 18 (Reuters) – The vice principal of a South Korean high school who accompanied hundreds

By Jonathan Saul and Freya Berry LONDON, April 17 (Reuters) – Shipping companies are turning to equity markets to fill a growing funding gap, betting

Overseas Shipholding Group (OSG) announced today that the portion of it’s common stock owned by U.S. citizens stands at 77 percent as of 15 April 2014.

Trying to come up with a reasonable explanation for what happened on board the Sewol is a nearly impossible thing to do. At the risk of being too quick

By Mike Wackett Bigger and bigger ships operating at slower and slower speeds across the tradelanes of the world are testament to the single-minded desire of

By Wei Chen, R&D Manager, Waste Water Systems, Wa?rtsila? In 2013, fines incurred under the International Convention for the Prevention of Pollution from

By Elzio Barreto and Rujun Shen HONG KONG/SINGAPORE,April 17 (Reuters) – PACC Offshore Services Holdings (POSH) could raise at least S$388.27 million

By Narae Kim JINDO, South Korea, April 17 (Reuters) – The captain of the South Korean ferry that capsized off the southwest coast was facing a criminal

Rescuers fought rising winds and waves on Thursday as they searched for hundreds of people, mostly teenage schoolchildren, still missing after a South Korean

SANTIAGO/FRANKFURT, April 16 (Reuters) – Chilean shipper Compania SudAmericana de Vapores on Wednesday said it has signed a binding deal with

As an exclamation point on the seriousness of the tragedy unfolding offshore South Korea, the sunken RoRo-Passenger (RoPax) vessel Sewol is officially the

RIO DE JANEIRO, April 16 (Reuters) – Brazil’s state-run oil company Petroleo Brasileiro SA and Japanese trading house Mitsui Corp will study

Total’s final investment decision on Monday to develop Block 32 offshore Angola has resulted in extremely good news for Italian EPC firm Saipem.  Their

Following Total E&P Angola’s $16 billion final investment decision on Monday, Technip and Heerema Marine Contractors have been awarded the largest

As a strong cold front rolled through the east coast of the United States yesterday, bringing with it wind gusts of up to 70 mph off Cape Henry, merchant

Update: Nearly 300 people are believed to be either missing or unaccounted for, according to media reports citing officials. Earlier: A 6825 gross ton RoRo

A collaboration between ClassNK, one of the world’s top classification societies, and NAPA, the Finnish naval architecture software powerhouse has led to

"We cannot jeopardize well-paying jobs, like crane operators, longshore workers, and mechanics, for low-paying stadium jobs, such as concession sales," the

A submarine scouring the floor of the Indian Ocean for the missing Malaysian jet had to abort its maiden voyage after descending too deep, providing