News

Aug. 28 (Bloomberg) — Frontline Ltd., the oil-tanker company led by billionaire John Fredriksen, urged shipowners to scrap crude carriers that are more

While Lebanon’s growth has suffered during the 2 1/2 year conflict next door in Syria, Port of Beirut traffic has risen as traders avoid risky overland

In an article yesterday in ZeroHedge, Tyler Durden recalls from earlier this summer, “problems with the industry-specific data underlying the Chinese

With Texas one of the few bright spots in the U.S. economy, the skyline of swaggering Houston is where the action is as builders and global oil companies, from

Thialf, the world’s largest crane vessel was recently put to work in the North Sea by Swiss power and automation group, ABB, to install the world’s

eNCA News posted an update today on the ongoing salvage of the MV Smart and the potential environmental impact of the cargo of coal that is open to the

Swire Pacific Offshore (SPO) reported very positive results in their mid-year financial report today. The Hong Kong-listed offshore supply vessel operator

Why has there been a relatively sudden demand spike for dry bulk shipping since June 2013? The origins lead directly back to an “Unofficial Economic

Aug. 27 (Bloomberg) — Near-record agricultural exports are diminishing the capacity glut in grain carriers, boosting rates for Safe Bulkers Inc. and

Greenpeace accused Russia on Monday of trying to block its protest against offshore drilling in the mineral-rich but ecologically fragile Arctic after Russian

The “fourth pillar” of maritime regulation – the Maritime Labour Convention (MLC) – is now in place and along with high hopes for

Aug. 26 (Bloomberg) — Songa Offshore SE, a Cyprus-based offshore drilling contractor, slumped the most in six months in Oslo trading as delays in rig

HOUSTON /Press Release/ – ABS, a leading provider of global maritime classification services, has taken another step forward to meet industry needs with

Over 17,000 ships carried 928 million tons of cargo and almost 38 million TEUs through the Suez Canal in 2012.  This man-made waterway is a critical artery in

The real estate problems in China dwarf those experienced in the U.S. from 2006 to 2010 by a significant factor. Supported by economic programs

Salvors working just outside the channel at Richards Bay, South Africa have finally begun the process of pumping 1700 tons of heavy fuel from the wreck of the

Aug. 26 (Bloomberg) — Norway’s election outcome next month is poised to end a deadlock over oil drilling off the shores of its protected Lofoten

Singapore-based Jaya Holdings’ (JAYA:SP) announced today in an emailed statement that their DP2 Platform Supply Vessel (PSV) “Jaya

By James Regan SYDNEY, Aug 25 (Reuters) – Former Chinese commodities trader Jerry Ren, who is quietly building a mining empire in the Australian outback,

Aug. 26 (Bloomberg) — ONGC Videsh Ltd., a unit of India’s biggest energy explorer Oil & Natural Gas Corp., agreed to pay $2.64 billion to buy a