News

Trond Christensen, Chief Operating Officer at Norwegian drilling contractor, Songa Offshore SE, announced his resignation today, effective 31 March.

(Bloomberg) — Earnings for Capesize ships, the largest carriers of iron ore and coal, remained at a six-week low as a dearth of cargoes curbed hiring of

(Bloomberg) — Singapore LNG Corp.’s fourth gas storage tank may have 260,000 cubic meters of capacity, enough to fit four A380 jumbo jets, the

LAGOS, Feb 20 (Reuters) – Nigeria Liquefied Natural Gas Company (NLNG) has appointed France’s BNP Paribas and GT Bank to help raise around $1.6

YENAGOA, Nigeria, Feb 20 (Reuters) – Pirates who kidnapped six foreign sailors from an oil servicing vessel off the Nigerian coast on Sunday are

In a first for the industry, tankers transporting LNG will receive discounted port dues at the Port of Rotterdam. The discount of 6% will only apply to those

By Reese Ewing and Gustavo Bonato SAO PAULO, Feb 19 (Reuters) – Brazilian dock workers in Santos on Tuesday left a Chinese ship they occupied for two

(Bloomberg) — Global liquefied natural gas prices on the spot market will enter a bearish cycle from 2016 to 2017 as new supply comes online before Asian

UAE rig-builder Lamprell announced today the successful of construction of the wind turbine installation vessel, Windcarrier 2 “Bold Tern.” Having

By Joe Brock ABUJA, Feb 19 (Reuters) – Pirates kidnapped six foreign sailors when they boarded a ship two days ago off Nigeria’s coast in the

Athens-based shipowner Diana Containerships reported their Q4 earnings today along with news of their acquisition of the M/V Hanjin Malta, a 4,024 TEU Panamax

By John McGarrity LONDON, Feb 19 (Reuters) – Colombia’s largest coal exporter Cerrejon has declared force majeure on at least some of its cargoes

Coal imports into China, the world’s largest consumer of the commodity, are poised to more than double in the next few years as local production falls,

Golden Ocean Group Ltd. climbed to the highest level in almost two years in Oslo trading after the shipping company controlled by billionaire John Fredriksen

In a wicked storm off Canada late last night, fishermen on a swordfish and halibut boat activated their Emergency Position Indicating Radio Beacon (EPIRB)

CMA CGM SA’s bonds rallied seven times faster than peers in the past week after the third-biggest container line won support from banks to loosen debt

Chinese demand for iron ore cargoes may advance more slowly than expected following holidays in the Asian country, because import prices are at level that

In a filing on the Oslo stock exchange, Aker Philadelphia Shipyard ASA (Oslo: AKPS) announced today that its wholly-owned subsidiary, Aker Philadelphia

By Ranga Sirilal and Shihar Aneez COLOMBO – Myanmar nationals rescued from a sinking ship by the Sri Lankan Navy have told of throwing 98 people

Charter costs for the biggest oil tankers plying the industry’s busiest trade route rose for a second session as charterers in China returned to work