News

ATHENS (Reuters) – Greek ships sailed again from the busy ports of Piraeus and Rafina on Wednesday after the government ordered seamen to end a six-day

Sea Tankers announced Wednesday that pirates have released their product tanker M/T Gascogne after stealing part of the ships cargo and that all 17 crew

Drydocks World announced today that they have finalized the conversion of the 135k,000 cbm LNG carrier Golar Frost, to a Floating Storage and Re-gasification

UAE-based shipyard Lamprell announced today that it has been awarded a newbuild contract from Dev Drilling for the construction and delivery of a completely

By Anurag Kotoky and A. Ananthalakshmi BANGALORE, Feb 6 (Reuters) – China’s role in operating a strategically important port in Pakistan is a

(Bloomberg) — Earnings for the biggest oil tankers on the benchmark route shipping Saudi Arabian crude to Japan will rise 48 percent this year to average

By David Ljunggren OTTAWA, Feb 5 (Reuters) – Canada’s offshore petroleum boards are not equipped to cope with a major spill, the country’s

5 February Update: Ahmad Ghalehbani, Managing Director of the Iranian National Oil Company said in a translated statement that recovering the sunken jacket of

Like all commercial vessel owners, the Washington State Ferries’ (WSF) most significant expense is fuel.  As the largest ferry operator in North

Overseas Shipholding Group Inc. (OSGIQ), the largest U.S. tanker operator, won approval to borrow $25 million to maintain ships and to make payments to two

(Bloomberg) — Oil tankers designed to navigate Egypt’s Suez Canal are getting the most cargoes in at least three years as Iraq fills a void left

Pangea LNG announced today that they have been granted a long-term, multi-contract authorization by the U.S. Department of Energy (DOE) to export liquefied

By Michelle Wiese Bockmann (Bloomberg) — Rates for ships carrying minerals and grains will climb almost threefold by 2015 as demand for the vessels

An intense hurricane force storm is forecast to move from south of Iceland towards the coast of Norway on Monday with a large area of winds forces 10-12 (50-70

By Anupama Chandrasekaran CHENNAI, India, Jan 30 (Reuters) – The eight Indian crew members on board the MV Amina had no inkling they were trapped on the

Update: Port officials from the port of Abidjan have confirmed that the M/T Gascogne was in fact hijacked by pirates while in international waters. Ivory Coast

Stena Bulk A/B and palm oil production giant Golden Agri-Resources Ltd (GAR) announced today they have set up a new 50-50  joint venture to take over four

Egypt will award a license to import liquefied natural gas within two weeks as the nation’s users prepare to buy in the fuel for the first time. Egyptian

(Bloomberg) — MISC Bhd., the world’s second-largest liquefied natural gas shipper, surged the most in more than 14 years in Kuala Lumpur stock

With the shipping industry facing its toughest market conditions seen in about a quarter century, the London-based International Chamber of Shipping (ICS)