News

Samsung Heavy Industries confirmed today $300 million in newbuild orders have been placed for a pair of product tankers and a Liquefied Natural Gas Floating

Dec. 13 (Bloomberg) — Prosecutors are seeking the death penalty for two former Vietnam National Shipping Lines executives who went on trial yesterday for

In an exchange filing today, Hyundai Mipo Dockyard in South Korea announced  602.7 billion KRW ($573.4 million) order from BP Shipping for fourteen product

An innovative and somewhat strange new icebreaking multipurpose emergency and rescue vessel has been launched at Arctech Helsinki

United Arab Shipping Company (UASC) has announced today plans to retrofit its future fleet of ultra-large (14,000 – 18,000 TEU) containerships with

Two Gulf Arab countries aim to take on the Caribbean as it seeks to become a major destination for cruise tourism, especially during the winter months in the

HSH Nordbank AG, the world’s largest shipping lender, said new loans to businesses surged about 30 percent this year, after Moody’s Investors

Tsakos Energy Navigation Limited (NYSE:TNP) has announced today strategic partnership with Statoil involving the construction and chartering of five to nine

Oil production from North American shale fields will outpace every member of OPEC except Saudi Arabia within two years, according to ExxonMobil Corp., the

Rates for capesize bulk carriers on key Asian routes are set to remain firm going into next week due to bad weather in Australia and buoyant fixture activity

Singapore's Keppel Corporation Ltd, the world's top offshore drilling rig maker, said it plans to build its first drillship despite not having a buyer lined

Athens-based drybulk shipper FreeSeas announced Wednesday that the formerly hijacked MV Free Goddess will be returning to service after securing $1.1 million

Via GEA Westfalia PRESS RELEASE – The BallastMaster ultraV developed by GEA Westfalia Separator for ballast water treatment has been awarded the

The cost of a stalled waterway project to link France's Seine river to Belgium, Germany and the Netherlands could be cut by around 40 percent to 4.5 billion

In an amended filing with the SEC, Scorpio revealed that it is now offering 26,100,000 shares of common stock in its NYSE debut, up from the original

Bollinger Shipyards delivered the 154 foot patrol craft CHARLES SEXTON yesterday to the 7th Coast Guard District located in Key West, FL.  She is the

The following video shows the cargo ship NOUR M getting beat to crap against a seawall at the port of Rhodes, an island in the eastern Aegean Sea. The

In November 2010, following the tragedy of the Macondo disaster, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) issued a notice to all lessees

ISTANBUL, Dec 11 (Reuters) – Turkey shut its Bosphorus Strait, a key shipping channel for Russian cargo, to tanker traffic on Wednesday after a snowstorm

Tokyo – The Tanker Structure Co-operative Forum (TSCF) has elected Hayato Suga as its next Chairman at a recent Steering Committee Meeting. Hayato Suga