News

On Tuesday, 12 March, Dr. Han Wenke, the Director General of China’s Energy Research Institute (ERI), part of the National Development and Reform

By Randy Fabi JAKARTA, March 14 (Reuters) – Indonesia’s leading oil and gas shipper PT Berlian Laju Tanker reached a deal with creditors to

(Bloomberg) — Exxon Mobil Corp., the largest U.S. oil company, said North America may be able to export 15 percent of its natural gas output and 5

Prosafe, a Cyprus-based owner and operator of semi-submersible accommodation vessels, announced today they have has been awarded a USD $137.5

After reporting two straight years of losses, and nearly 24 months without a single shipbuilding contract, Singapore-based Otto Marine has just been awarded a

d’Amico International Shipping S.A. announced yesterday the signing of new build contracts with Hyundai Mipo Dockyard for a pair of 50,000 DWT Medium

LR-classed Alexandros and Aristotelis are the first of five new 5,000 teu super-efficient new ships, all to be delivered from HHI Gunsan by June 2013, that

CORK, IRELAND – Chemical and product tanker specialist Ardmore Shipping has named the two newest vessels to join its fleet, the Ardmore Seavaliant and

ABB, the Swiss power and automation technology group, announced today they have won a $26 million order to supply electrical power and propulsion systems for

(Bloomberg) — China Cosco Holdings Co., the nation’s biggest shipping company, may raise as much as 27 billion yuan ($4.3 billion) selling assets

Lockheed Martin on Tuesday announced plans to develop and manufacture liquified natural gas fuel tanks for initial use on ships as the defense and aerospace

This week, back in 1993, was one of the most intense East Coast Storms ever seen. Early on March 13, 1993 an unusually severe extratropical low moved ashore

OSLO – DNV and Statoil are today launching a competence programme that aims to enhance the two organisations’ knowledge about particular Arctic

(Bloomberg) — The worst start to a year for freight rates is leading one of the creators of shipping derivatives to bet on a recovery as owners of

(Bloomberg) — Kvaerner ASA, a Norwegian builder of oil platforms, climbed the most in more than four months in Oslo trading after winning a $1.5 billion

With the world’s population headed toward 9.5 billion by 2060 and the rapid growth of emerging economies lifting millions of people out of poverty for

Cargotec’s MacGregor has received another large order today, following MacGregor RoRo cargo access equipment order from South Korea announced on 6

As a new wave of “eco-ships” enters the market, skepticism abounds about whether or not they deliver the benefits that they claim. There is concern

ROME, March 11 (Reuters) – Two Italian marines charged in India with killing two fishermen while on anti-piracy duty will not return there from a home

March 11 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, rose on Monday, primarily