News

By Shrutee Sarkar March 22 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, firmed

(Bloomberg) — Charter rates for the largest oil tankers on the industry’s busiest trade route declined for the first time in three weeks amid

At the Connecticut Maritime Association “Shipping 2013” conference this week, the American Bureau of Shipping hosted an energy efficiency

TOKYO – MODEC announced today that Mitsui & Co., Mitsui O.S.K. Lines, and Marubeni Corporation have agreed to invest in a MODEC-operated, long-term

PORTSMOUTH – The sixth and final Type 45 destroyer, DUNCAN, has been delivered to HM Naval Base Portsmouth by BAE Systems and will be handed over to the

(Bloomberg) — A.P. Moeller-Maersk A/S, the world’s largest container line, fell the most in four days in Copenhagen as freight rates out of China

By Andrew Davis and Chiara Vasarri March 21 (Bloomberg) — Two Italian marines charged with killing fishermen will return to India to stand trial in a bid

By Jonathan Saul LONDON, March 21 (Reuters) – Crude oil tanker earnings on the major Middle East route rose on Thursday, helped by firmer bookings,

By Ari Rabinovitch JERUSALEM, March 21 (Reuters) – Israeli shipping company Zim shrugged off a 58 percent increase in fourth-quarter losses by pointing

(Bloomberg) — BG Group Plc, the U.K.’s third- largest natural gas-producer, agreed to a long-term sale of liquefied natural gas to India. BG will

Knightsbridge Tankers announced today signed contracts for a pair of 182,000 DWT Capesize bulk carriers new-builds from Japan Marine United Corporation (JMU).

STAMFORD – For the first time in their 113-year history, Tokyo-based classification society ClassNK has announced growth via acquisition. At the

By Rob Sheridan (Bloomberg) — Rates for Panamax ships climbed to the highest level in almost eight months on increased demand to move grains and

DUBAI, March 17 (Reuters) – National Shipping Co of Saudi Arabia (Bahri) is considering a debut Islamic bond issue to help refinance debt taken on for

Sembcorp Marine’s subsidiary PPL Shipyard announced today they have secured orders from repeat customer Integradora de Servicios Petroleros Oro Negro,

(Bloomberg) — Hercules Offshore Inc., a drilling- rig supplier, won the dismissal of a lawsuit challenging its executive pay decisions that a judge said

The following is an advisory from the US Maritime Administration in its entirety: Date Issued: 13 March 2013 1. THIS MARAD ADVISORY PROVIDES GUIDANCE TO

Austal announced today their first-in-series Cape Class Patrol Boat built for the Australian Customs and Border Protection Service has been officially named

Statoil announced today that they have signed a three year contract with Stena Drilling to contract their drillship, Stena Carron, for exploration drilling in

(Bloomberg) — Prosafe SE fell the most in almost seven months in Oslo as a share sale equivalent to 5.7 percent of the company outweighed the effect of