News

(Bloomberg) — OAO Novatek, Russia’s largest non- state gas producer, may require $5.6 billion worth of liquefied natural gas tankers to transport

Seadrill and SapuraKencana announced today they have entered into a US$2.9 billion sale and purchase agreement whereby SapuraKencana will acquire all of the

By Environment Correspondent Alister Doyle OSLO, Feb 11 (Reuters) – The high seas that cover almost half the Earth’s surface are a treasure trove

(Bloomberg) — Transocean Ltd. and federal prosecutors urged a judge to accept the oil driller’s agreement to plead guilty to a criminal charge over

(Bloomberg) — Returns for oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, reached the lowest level since August

A spokesman from Carisbrooke Shipping has confirmed that their multi-purpose bulk carrier, the British-flagged Esther C, has been attacked by pirates 85

After suffering massive losses over the past year, and with more losses forecasted amid terrible drybulk and tanker markets, Mitsui OSK Lines’ President

Maersk Line’s Chief Commercial Officer Lucas Vos announced his intentions to resign today from the Copenhagen-based shipping giant. “Lucas Vos has

(Bloomberg) — China’s exports rose 25 percent in January from a year earlier while imports increased 28.8 percent, resulting in a trade surplus of

DHAKA (Reuters) – A ferry carrying more than 50 people sank on Bangladesh’s giant Meghna River on Friday after colliding with a sand barge and

A recent market screening conducted by Swedish energy firm Swedegas has revealed significant interest in liquefied natural gas (LNG) throughout Sweden’s

(Bloomberg) — Tankers that carry about half of the refined oil products transported by sea will lose money for the next five years as an oversupply of

A group of lawmakers this week announced the establishment of a new congressional caucus focused on raising awareness amongst members of Congress on a broad

The Sea Shepherd Conservation Society has severed the fuel supply to Japanese whaling ships in Southern Ocean as this season’s campaign to stop

(Bloomberg) — The rally in rates to ship liquefied natural gas may end as winter demand subsides and a shortage of cargoes curbs trading to profit from

SINGAPORE – SMOE, a wholly-owned subsidiary of Sembcorp Marine, announced today they have secured a contract worth about S$900 million from Det norske

By Jonathan Saul LONDON (Reuters) – Iran has taken delivery of several new tankers from Chinese shipyards, giving it greater flexibility in maintaining

(Bloomberg) — Iran, which dropped two places to become India’s fourth-largest crude supplier last year, may lose $2.5 billion of revenue as global

Panama City, Panama — The AdvanFort Company was officially approved today by the Panama Maritime Authority (PMA) to conduct counter piracy operations

Swedish broadband satellite provider Ancylus AB and Net1 have announced a strategic partnership to offer the Scandinavian and the Nordic maritime market a