News

WASHINGTON – The collision of a chemical tanker with a containership in the Houston Ship Channel in October 2011 was likely caused by the inappropriate

On Monday, Russian freight forwarder Sovfracht-Sovmortrans announced the signing of an agency agreement under which they were formally appointed sales agent

CARACAS–Venezuelan state oil monopoly Petroleos de Venezuela, or PdVSA, signed a 15-year crude supply contract with India’s Reliance Industries

Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA has subject final approvals entered into a Letter of Award for the provision of the semi

(Bloomberg) — The biggest shutdown of nuclear power in history will spur record demand for liquefied natural gas and the most profit ever for Golar LNG

One of the biggest issues facing ship owners these days is what do to about the IMO emissions regulations, particularly those referring to sulfur oxides (SOx),

Greek shipowner Tsakos Energy Navigation Limited (TEN) (NYSE: TNP) announced today a three-year time charter extension for the Arctic, a 2007 built, 163,216

In what initially appears to have been caused by a navigational error, an Aframax tanker owned by Vancouver-based Teekay Tankers, has run aground off the coast

Singaporean shipowner Navig8, announced on Friday that it’s Supra 8 pool of supramax-bulkers has expanded to 15 units from an initial four this summer.

Pacific Basin Shipping (2343.HK) has boatloads of cash. So, raising another $123.8 million from convertible bonds should also raise some questions. With a cash

Russian Maritime Register of Shipping (RS) and French marine engineering firm Gas Transport & Technigaz (GTT), announced that they have entered into a

With future projections showing increased demand for deepwater rigs, Seadrill announced today that they have signed another US$600 million contract with

13 are still missing and a fishing vessel has sank following a collision at sea early Monday morning of Japan’s northeastern coast.  According to

The Hawaiian fishermen were lucky they discovered this massive piece of Japanese tsunami debris when they did, because had it been night, the results could

Maersk Drilling announced today the signing of a two-year, $100 million contract with Addax Petroleum for the jack-up rig Maersk Endurer in Cameroon. Addax

Since 1984, New Zealand has banned US warships carrying nuclear material, whether it be for fuel or as weaponry, from entering their ports.  The U.S.

(Bloomberg) — China’s two biggest shipowners said a market slump may continue for at least two more years as more vessels enter service and the

(Bloomberg) — The Louisiana Offshore Oil Port, the largest waterborne petroleum import terminal in the U.S., has begun to receive tankers of domestic

The Philippine Coast Guard reports today that 7 have been confirmed dead after a boat carrying 27 passengers sank yesterday morning. The boat Sirana was

DP World announced significant restructuring moves today whereby the global port operator divested its entire interest in Dubai and Aden Ports Corporation