News

Vale SA, the world’s biggest iron-ore exporter, may have paid about $158 million more for shipping in the past 19 months by using the largest available

A merger of international classification superpowers has been announced today. Norwegian classification society Det Norske Veritas (DNV) and German

The international oil services provider Aker Solutions has signed a contract with a subsidiary of McDermott for the delivery of subsea tie-in connectors to the

LONDON – Pirates have attacked and looted a tanker off the coast of Nigeria, taking five crew members hostage, the ship’s operating company said on

NAIROBI – A dozen soldiers guarding a North Korean ship impounded in Somalia’s autonomous Puntland region for maritime violations have hijacked the

The Sea Shepherd Conservation Society suffered a setback in court this week when the US Court of Appeals for the 9th Circuit ordered that the controversial

Chinese port operators agreed to buy a $135 million stake in a Taiwanese container terminal, the second-biggest mainland acquisition on the island, as closer

By Ivana Sekularac ZEEBRUGGE, Belgium – CMA CGM, the world’s third-largest container group, plans to list shares on the Paris Stock Exchange to get

Cheniere Energy Partners LP (CQP) reached an 20-year deal under which Total SA (TOT, FP.FR), the France-based energy major, has agreed to purchase nearly half

COSCO Nangtong and Qidong Shipyards won a USD $370 million FPSO newbuild order yesterday from Dana Petroleum to build a Sevan FPSO for the Western Isles

Canadian company Fednav Limited, one of the world’s largest operators of high ice-class vessels, has recently agreed to a long term transportation

At a time when equity analysts are predicting the biggest rebound in earnings for Capesize iron-ore carriers in six years, swaps traders are betting that rates

2012 must be coming to an end because the U.S. Coast Guard has just released the year’s rescue highlight reel compilation! Check it out below: The USCG

d’Amico International Shipping S.A. (Borsa Italiana: DIS), an international product tanker owner, announced today their plans to exercise an option to

After suffering nearly USD $19 million in losses in the 3rd quarter, Paragon Shipping Inc. (NYSE: PRGN) has been working diligently with their lenders to come

The International Chamber of Shipping (ICS), which represents over 80% of the world merchant fleet, has issued a new position paper on Arctic shipping. As the

Launched last month at Hyundai Heavy Industries, the Dockwise Vanguard is the largest heavy lift vessel ever built and is currently undergoing sea trials.

At approximately 0500 hrs local time on Saturday, the offshore support vessel VOS Sailor suffered damage and was disabled in severe weather conditions in the

ATHENS – A small boat carrying migrants hoping to get to Greece sank near the eastern island of Lesvos early on Saturday, drowning 20 people, Greek

TOKYO – Mitsui O.S.K. Lines, Ltd. (MOL) announced today that its owned and operated 47k gross ton woodchip carrier Global Explorer rescued the skipper of