News

Wilhelmsen Ships Service (WSS) has announced today the appointment of John Sanford as Technical Sales Manager for Safety covering the Americas. Andrew Sheriff,

(Dow Jones) Frontline Ltd.’s (FRO, FRO.LN) third-quarter loss narrowed sharply as the oil tanker company’s operating expenses dropped, though

(Bloomberg) — Norddeutsche Landesbank Girozentrale, the world’s fifth-largest shipping lender, returned to profit in the third quarter after higher

(Bloomberg) — Zim Integrated Shipping Services Ltd. said the Israeli government’s reluctance to allow the container line to be split is frustrating

Sembcorp Marine’s 7th Brazilian drillship newbuild order has just been secured at a contract value of US$806.4 million. Ordered by Sete

(Bloomberg) — Shanghai Shipping Exchange introduced dry-bulk and oil-tanker indexes in a challenge to a 268-year-old London bourse that sets freight

(Dow Jones) Kirby Corp. (KEX) has agreed to buy tank barges and tugboats operator Penn Maritime Inc. and an affiliated company in a cash and stock deal of

(Bloomberg) — Kawasaki Kisen Kaisha Ltd., Japan’s third-biggest shipping line, delayed plans to expand its commodity-vessel fleet as a global glut

(Bloomberg) — BP Plc, which pleaded guilty to criminal charges after the worst U.S. oil spill in 2010, will be temporarily suspended from winning new

Wärtsilä announced today they have been contracted to supply an integrated engineering solution to an LNG-powered Platform Supply Vessel (PSV) newbuild

Scotland-based Maritime Craft Services (Clyde) Ltd announced today they have placed a £8.9 million order with Damen Shipyards for three more Damen Twin Axe

[vimeo]http://vimeo.com/32515225[/vimeo] – By Tom Stitt Is it time for Marc Levinson to publish a sequel to The Box, his classic story of how the

(Bloomberg) — Sekavin SA, a Greek fuel supplier, said it’s investigating the origin of a cargo aboard an Iranian tanker off the Mediterranean

(Bloomberg) — Cyprus’s ship-management companies contributed more to the island’s gross domestic product in the first half of 2012 than they

By Sanjeev Rana, Deutsche Bank  Global Shipbuilding Downturn Continues Global shipbuilding industry has been going through a downturn for the last four

Hyundai Heavy Industries (HHI) announced today that it has developed an independent liquefied natural gas storage tank model named the Lobe-Bundle Tank. This

HONG KONG–Shipping giant China Cosco Holdings Ltd. (1919.HK) said in a statement Tuesday that it plans to issue US$1 billion worth of 10-year U.S.

Over 150 representatives of the global maritime industry attended the Royal Institution of Naval Architect’s annual Presidents Invitation Lecture in

OSLO–Norwegian oil services company Seadrill Ltd. (SDRL.OS) said Monday its management unit Seadrill Management AS will move to London from Stavanger,

(Bloomberg) U.S. President Barack Obama has a rising opportunity to make good on two of his central campaign promises: harnessing domestic energy and