News

(Bloomberg) — U.S. imports of containerized goods are the highest since before the recession as the economic recovery gains traction, boosting rates for

(Bloomberg) — Owners of oil tankers must scrap younger vessels for the market to recover by 2014 or 2015, according to shipbroker Braemar Seascope Ltd.

Seadrill announced today that they have entered into a Heads of Agreement (HoA) with Songa Offshore for the potential purchase of the ultra deepwater

In a deal which has been anticipated for much of 2012, Rolls-Royce, announced today that they have won the contract to power the U.S. Navy’s future fleet

On October 19th, a launching ceremony of a RST27 Project Tanker Product-Carrier took place at Ukraine’s Kherson Shipyard (KSY), a division of Smart

Wärtsilä Ship Design announced today that they have come up with a new Aframax tanker design concept that they believe will provide  higher fuel

JERUSALEM–The partners in Israel’s large offshore Leviathan natural gas reserve confirmed Monday that they have approached

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. jumped by a record in Hong Kong trading as a new manager and an order to build a

(Bloomberg) — Somalia piracy attacks against merchant shipping fell to the lowest in six years in the third quarter as armed guards on vessels and

On Saturday, The National Shipping Company of Saudi Arabia, Bahri, announced that it had closed a merger agreement worth upwards of USD $1.3 billion with

ABB recently delivered four Azipod C propulsion systems for the Blue Ocean II Wind Turbine Installation Vessel built by Samsung Shipyard in Korea. This is a

On 17 October, a naming and delivery ceremony was held at Namura Shipbuilding Co. for the Shagang Sunshine, a new 250,000 DWT, WOZMAX ore carrier.  This is

Austal held a keel-laying ceremony today for the third Independence-variant Littoral Combat Ship (LCS) – Jackson (LCS 6), one of five Austal-designed

MILAN – Saipem announced today they have been awarded new offshore engineering and construction contracts worth $1.1 billion in Brazil, Angola and the

The Valemax iron ore carrier Vale Minas Gerais docked at the port of Villanueva in the Philippines on Wednesday marking the first time a Valemax ore carrier

(Bloomberg) — Iranian oil tankers are mistakenly signaling their flag state as Tanzania-Zanzibar and no such registration took place, according to a

A report by NOAA in 2006 warned that “despite the implementation of domestic and international management measures, the status of Atlantic blue and

On 15 October, the fishing vessel Thejan Putha was hijacked approximately 50 nm off the Hambantota Coast of Sri Lanka. Ten armed asylum seekers-turned pirates

LONDON–Royal Dutch Shell PLC (RDSA) said Thursday that major construction had begun on the world’s first floating vessel that will use new

Following a lost of power during tropical storm Isaac off Cuba on 26 August, the Liberian-flagged container ship Hansa Berlin found herself bricked up off the