News

(Bloomberg) — Iran has a $3 billion credit with Turkey over natural gas it sold to its neighbor and may use it to import commercial and leisure ships,

(Bloomberg) — A lack of cargoes is limiting the market to ship liquefied natural gas as production needs to resume in Nigeria and start in Angola for

Here is a sneak peak at the U.S. Navy’s new Mobile Landing Platform (MLP), USNS Montford Point. The MLP is a new class of auxiliary support ship,

New chartering contracts for LNG are key to improving fuel efficiency in the sector, according to an official from French energy company Total. “The

By Nidhi Verma NEW DELHI (Reuters) – India’s Mercator Lines has stopped offering a ship for transporting Iranian oil to India due to U.S. political

Large cranes arrive on board a transport ship at a global shipping port being constructed in Stanford-le-Hope near London March 1, 2013. Three of the five

By Ari Rabinovitch JERUSALEM (Reuters) – The latest floating terminal technology could be the key to unlocking gas exports from Israel’s Tamar

(Reuters) – Ship owner Capital Product Partners LP said it would continue to lease three of its product tankers to Overseas Shipholding Group Inc, which

ATHENS, GREECE–(Marketwire – Feb 28, 2013) – Capital Product Partners L.P. (the “Partnership” or “CPLP”)

(Bloomberg) — Deutsche Bank AG and two other German lenders providing about 14 percent of credit to ship owners are forgoing seizing vessels even after

(Bloomberg) — Rising U.S. naphtha exports could displace seaborne trade from the Middle East to boost demand for refined-oil tankers by 0.4 percent for

By Abdi Sheikh MOGADISHU (Reuters) – Somali President Hassan Sheikh Mohamud has granted an amnesty to hundreds of young Somali pirates to reduce the

By Balazs Koranyi OSLO (Reuters) – Offshore oil driller Seadrill expects to resolve operational problems this year, it said on Thursday, and predicted

(Bloomberg) — Cargill Inc., the agricultural trader that accounts for 2 percent of world freight, is ordering new ships in a reversal of a policy against

By Emma Farge and Dmitry Zhdannikov GENEVA, Feb 28 (Reuters) – Vitol, the world’s biggest oil trader, reported revenues that topped $300 billion

(Bloomberg) — Brazilian miner Vale SA more than doubled spending on maritime freight in the fourth quarter as it shipped more of the steel-making

  (Bloomberg) — Pacific Basin Shipping Ltd., Hong Kong’s biggest dry-bulk carrier, posted its first annual loss since listing in 2004 after a

A major milestone was reached today for Norwegian classification society, Det Norske Veritas (DNV).  For the first time ever, DNV has been awarded

(Bloomberg) — Charter rates for Capesize ships, which fell for a 14th session today, may rebound as increased export cargoes from Brazil compensate for

WASHINGTON — U.S. Coast Guard Commandant Adm. Bob Papp delivered the 2013 State of the Coast Guard Address at the National Defense University at Fort