News

SINGAPORE (Dow Jones)–Western sanctions against Iran are becoming a major headache for European and other shipping companies whose vessels refuel in

EUNAVFOR – Earlier today, following the decision taken on 23 March 2012by the Council of the European Union to allow the EU Naval Force to take

Ranking ships according to their efficiency is an interesting concept, one that is currently still being fine tuned.  Ship vetting specialists at Rightship

The Buenos Aires Herald reports six sailors on board the sand barge “Río Turbio,” are confirmed dead following a collision in the early

Seadrill Ltd.’s (SDRL, SDRL.OS) first-quarter earnings slumped 53% over a year-earlier period, boosted by the sale of its Seawell subsidiary, masking

LONDON (Dow Jones)–Glencore International PLC (GLEN.LN) will ship 2 million barrels of North Sea Forties crude to South Korea, bringing the total volume

SINGAPORE (Dow Jones)–Shipping Corp. of India Ltd. (523598.BY), India’s largest shipping company by fleet size, doesn’t expect any

ADELAIDE, Australia (Dow Jones)–Saudi Arabia would like the price of benchmark Brent crude oil to fall to US$100 a barrel, and expects global crude

HONG KONG (Dow Jones)–China Rongsheng Heavy Industries Group Holdings (1101.HK) has secured orders to construct offshore rigs for an overseas company,

The UK P&I Club has announced that legislation has been passed in Indonesia which purports to place a ban on the expert of minerals from Indonesian ports,

In response to a letter sent by Dockwise on Wednesday, Fairstar’s CEO Philip Adkins sends back a heated response… Dockwise FAO: Mr P Wit and FAO:

Ocean Rig’s ultra deepwater drillship OCEAN RIG OLYMPIA Nicosia, Cyprus – Ocean Rig UDW Inc. (NASDAQ:ORIG) a global deepwater drilling contractor,

The KPI Bridge Oil Composite declined over 3% this week as bunker prices reduced dramatically after several days of declines in the crude markets.  With US

PARIS (Dow Jones)–Total SA (TOT) Friday said it has everything ready to “kill” a leaking gas well in the North Sea. “We could carry

COPENHAGEN (Dow Jones)–The port-operating arm of Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), APM Terminals, will invest over

(Dow Jones) Standard & Poor’s Ratings Services lowered its rating outlook on Navios Maritime Acquisition Corp. (NNA) to negative from stable,

SANTIAGO -(Dow Jones)- Chilean shipper Compania Sudamericana de Vapores SA‘s (VAPORES.SN) first-quarter loss widened to $205 million compared with a

LONDON -(Dow Jones)- The U.K.’s main offshore workers’ union has called for all helicopters operated by Bond Aviation to be grounded pending an

(Dow Jones) McDermott International Inc.’s (MDR) first-quarter profit slid 11% due to lower activity in the Asia Pacific region, though cost controls

LONDON -(Dow Jones)- Commodities titan Glencore International AG(GLE.LN) Wednesday reported mixed first quarter output across commodity products and said its