News

Navios Maritime Acquisition Corporation (NYSE: NNA) announced today that it has agreed to extend the existing charters on the LR1 Product Tankers Nave Atropos,

Sept. 23 (Bloomberg) — Liquefied natural gas traders in northwest Europe won’t buy many short-term cargoes of the fuel until U.S. export projects

HONG KONG, Sept 23 (Reuters) – A powerful typhoon hit Hong Kong and the southern China coast on Monday, killing at least 20 people on the mainland,

At least two people are dead and thousands are without power in the Philippines after Typhoon Usagi tore through the Luzon Strait on Thursday with wind gusts

RIO DE JANEIRO, Sept 20 (Reuters) – Brazil’s government plans to finance state-run oil company Petroleo Brasileiro SA’s participation in the

Sounds like the Panamanian-flagged MV Stargold Trader is lucky it hasn't already spontaneously

The United Kingdom Hydrographic Office (UKHO) has just announced that Russian-flagged vessels have been approved to use Admiralty digital charts and

The Scarabeo 5, a 4th-generation semi-submersible drilling rig built in 1990 by Fincantieri for Saipem has caught fire today while drydocked at the Keppel

Stolen Nigerian oil worth billions of dollars is sold every year on international markets and much of the proceeds are laundered in world financial centres

Sept. 20 (Bloomberg) — Nordea Bank AB, Scandinavia’s biggest lender, said the shipping industry will next year begin to recover from its worst

Emirates Team New Zealand has 6 more “match points” left following yesterday’s race where they were handily beaten by Oracle Team USA. The

A federal judge accepted a Halliburton Co. unit’s guilty plea to destroying tests conducted on cement work connected to the BP Plc-owned well that

Finnish oil refining and marketing firm Neste Oil has announced it will be selling off its entire fleet of ships and will outsource all ship management

Discovery Channel has just released this new time lapse video of the Costa Concordia parbuckling, offering viewers another view of the 19 hour operation in

UPDATE: 10:50 EST – An armed Russian security team has just fast-roped on to the Greenpeace vessel Arctic Sunrise and “are breaking into our comms

By Oleg Vukmanovic LONDON, Sept 19 (Reuters) – Angola’s liquefied natural gas (LNG) export plant is to ship its fourth ever cargo early next week

Scorpio Tankers Inc. (NYSE: STNG) has announced that four MR product tankers under construction in South Korea will be added to their fleet in exchange for

By Dan Whitcomb LOS ANGELES, Sept 18 (Reuters) – A high profile U.S. Navy commander has been charged with accepting paid travel, the services of

CSCL announced today the sale of two containerships to CIC Digang for their eventual scrapping. The two vessels are the Xiang Hu and the Xiang Kai, both

Sept. 18 (Bloomberg) — U.S. shipyards are the busiest in almost two decades as surging domestic energy production increases cargoes for the merchant