News

– By Rojda Akdag, Managing Director, MTS Logistics Labor stoppage, which is also known as a strike, is the problem aroused by the tension between a

The SINOPACIFIC Shipbuilding Group announced last Friday the signing of a newbuilding contract for (4) SPP35 platform supply vessels (PSV) and a Letter of

Scorpio Tankers Inc. (NYSE: STNG) announced today that it has signed an agreement with its lenders to extend the availability period of its $115

Aker Solutions has signed a contract with Hyundai Heavy Industries to supply a complete drilling equipment topside package to a new semi-submersible drilling

The first of four Panamax bulk carriers ordered by the Shipping Corporation of India Ltd. (SCI) were delivered last Friday by STX (Dalian) Shipbuilding Co.

Fjord Line’s two new international cruise ferries will be powered solely by environmentally friendly liquefied natural gas (LNG) instead of the more

BEIJING- (Dow Jones)-China’s CNOOC Ltd. (0883.HK) said Monday it has reached an agreement to acquire Canadian oil and gas producer Nexen Inc. (NXY) for

(Bloomberg) — Crude-oil shipments aboard supertankers bound for China fell 2.5 percent this week, according to ship-tracking data compiled by Bloomberg.

(Bloomberg) — Rates for ships that carry dry-bulk commodities will recover later than previously estimated as demand for cargoes slows, according to

The Star Polaris, a 173k DWT Capsize bulk carrier owned by Star Bulk is well on its way to being a cursed ship and she’s not even two years

LONDON (Dow Jones) U.K.-listed BG Group PLC (BG.LN) said Friday that it and its partners have approved the signature of contracts worth $4.5 billion for the

(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) second-quarter profit fell 24% as the contract driller reported lower utilization rates in all of its

(Bloomberg) — Gasoline shipments across the Atlantic Ocean from Europe may increase after inventories of the auto fuel on the U.S. East Coast reached

(Bloomberg) — Wärtsilä Oyj, the world’s biggest maker of ship motors and power plants, fell the most in a year as customers postponed

(Bloomberg) — Mario Monti’s government is trying to attract as much as $18 billion in investment to Italy by relaxing a ban on offshore oil and

NEW DELHI–India’s state-run Oil & Natural Gas Corp. (500312.BY) will continue to explore for oil and gas offshore Vietnam in the South China

COPENHAGEN–Financially-troubled Danish shipper Torm A/S (TORM.KO) said Thursday it is still in talks to seal a long-term debt refinancing deal that

(Bloomberg) — Odyssey Marine Exploration Inc., a deep-ocean exploration company, said it recovered about 48 tons of silver from a World War II shipwreck

In mid-May, the SUNY Maritime training ship, Empire State, paid a visit to the Azores and left a bit of their bottom paint on the jetty.  This image was

(Bloomberg) — China secured the release of a 26- man crew aboard a Taiwanese fishing boat that was captured by Somali pirates more than 18 months ago,