News

The shipping recovery that is currently be discussed and propounded by analysts, shipowners, private equity investors and bankers is based upon an unstable

Taiwan’s largest container shipping company, Evergreen, has joined the growing group of carriers selling assets to turn around a year of loss-making

MAN Diesel & Turbo announced today that Norwegian shipowner Knutsen OAS Shipping has placed an order for a pair of dual fuel-powered 7G70 ME-GI 2-stroke

By Barbara Lewis and Robin Emmott BRUSSELS, Dec 16 (Reuters) – European negotiators, hoping to cut fuel bills, will press their U.S. counterparts in

A court in Vietnam sentenced two former executives of a state-owned shipping firm to death on Monday for embezzlement, an unusual harsh sentence in a communist

In response to studies done by engine manufacturers MAN Diesel and Wärtsilä, top marine lubricants suppliers are making a big shift toward higher base

“Dry bulk recovery on the way: We are upgrading our maritime industries view to “In-Line” from “Cautious” as we see improved

Gaztransport & Technigaz SA, the engineering company owned by France’s GDF Suez SA and Total SA, plans to sell shares in 2014 through an initial public

For the tanker market, the breakthrough in Iranian talks in November will have a significant impact on the VLCC tanker market. For curtailing its nuclear

Viking Line Abp, a Finnish cruise company, said its M/S Amorella passenger ferry lost power and ran aground in the Aaland archipelago southwest of

Dec. 16 (Bloomberg) — Royal Dutch Shell Plc’s long-awaited sale of its $6.4 billion stake in Woodside Petroleum Ltd. may open the door for Asian

JERUSALEM, Dec 15 (Reuters) – Standard & Poor’s Maalot lowered its rating for Israeli shipping firm Zim to “CC” from

Dec. 15 (Bloomberg) — A Libyan rebel leader refused to hand over control of three oil ports to the government, keeping a lid on the North African

In the last week, the Chinese government announced a series of subsidies for the local shipping market. In general the program has as follows: Chinese

WASHINGTON, Dec 13 (Reuters) – A U.S. guided missile cruiser operating in international waters in the South China Sea was forced to take evasive action

The Grampian Protector, a 44-meter Emergency Response and Rescue Vessel was working in the North Sea last week during the nasty storm Xaver. One of the

Dec. 13 (Bloomberg) — Shipping is at the start of a two-year rally, led by advancing rates to haul coal, iron ore and grains, as fleet growth slows and

BW Offshore announced today a Letter of Intent has been signed to acquire 30% of the Polvo oil field located in the Campos Basin offshore Brazil. The

By Mike Wackett The G6 Alliance’s plan to expand its scope on transpacific and transatlantic trade lanes is scheduled to be approved on January 16,

Dec. 13 (Bloomberg) — The European Union’s planned rules to monitor greenhouse gases from ships must be in line with international law to avoid