News

ROME, Aug 7 (Reuters) – Italy on Wednesday allowed 102 migrants who were stranded on a tanker in the Mediterranean to disembark on the Sicilian coast

By Rujun Shen SINGAPORE, Aug 7 (Reuters) – Yangzijiang Shipbuilding (Holdings) Ltd, China’s second-largest listed shipbuilder, is standing tall in

Aug. 7 (Bloomberg) — Hapag-Lloyd AG cut costs amid falling fuel prices to deliver a profit in the second-quarter as Europe’s fourth-largest

By Helen Murphy BOGOTA, Aug 6 (Reuters) – U.S. coal miner Drummond Co Inc and striking workers in Colombia failed to reach agreement on Tuesday to end a

Houston-based drilling contractor Rowan (NYSE: RDC) had quite a bit to celebrate today. In their Q2 earnings report, they announced a $32 million (63 percent)

VALLETTA/BRUSSELS, Aug 6 (Reuters) – Malta said on Tuesday it would not allow a tanker which picked up 102 migrants off the Libyan coast to dock, despite

Aug. 7 (Bloomberg) — China widened its lead over South Korea as the world’s biggest shipbuilding nation as state-backed yards won contracts for

Navios Maritime Acquisition Corporation (NYSE: NNA) has announced that four of their eleven MR2 newbuild product tankers have just received charter contracts.

Aug 6 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for the third

MODEC has announced that they have been awarded a 20-year FPSO charter contract by Tullow Ghana at their TEN Field located in the Deepwater Tano Contract Area,

Golar LNG has announced they have received a 5-year, USD $213 million charter contract with the Kuwait National Petroleum Company (KNPC) for their 170,000 cbm

(Bloomberg) — The biggest slump in tanker rates since January is signaling weaker U.S. oil imports and spurring analysts to predict a 15-year low for

OSLO – Marlink has been chosen by the CMA CGM Group, the world’s third largest container shipping group, to upgrade the majority of its fleet to

(Bloomberg) Awilco LNG ASA, the Norwegian owner and operator of liquefied natural gas vessels, rose the most in more than two months after a deal with Teekay

By Shihar Aneez and Ranga Sirilal COLOMBO, Aug 5 (Reuters) – On Monday, Sri Lanka commenced the first phase of a $500 million container terminal, part of

By Congressman Duncan Hunter, For centuries, the world’s oceans have been an influential force.  They have forged industrial strength, enhanced

Aug. 5 (Bloomberg) — China issued a three-year plan to urge financial institutions to support its troubled shipbuilding industry, the world’s

By Lieutenant Stephanie Young, USCG August 4 is a special day of the year for Coast Guard men and women as we celebrate our anniversary of service to the

By Wayne Arnold and Choonsik Yoo HONG KONG, Aug 5 (Reuters) – The U.S. economy may have stopped sneezing, but Asia’s exports are still laid up with

A fleet of Russian warships entered the Port of Havana today, including the guided missile cruiser Moskva, pictured above, the destroyer Vice-Admiral Kulakov