Market Talk: Capesize Rates Could Bounce to $20k
The dry-bulk shipping market has been in the doldrums again of late (the Baltic Dry Index is again near record lows and recently had a 31-session streak of
The latest maritime and offshore news.
The dry-bulk shipping market has been in the doldrums again of late (the Baltic Dry Index is again near record lows and recently had a 31-session streak of
The European Union set stricter limits for sulfur in ship fuel, enacting International Maritime Organization agreements to fight air pollution. The European
There’s no technology on the horizon that’s going to replace the shipboard engineering watchstander anytime soon, that’s for certain.
On Saturday 8 September, Spanish warship ESPS Relámpago, currently operating as part of the EU Naval Force – Operation ATALANTA, fighting piracy off
The flow of much of the world’s oil is controlled from a small suite of offices perched over a Tiffany & Co. store in the Chelsea section of London.
Returns for tankers carrying oil products from the U.S. slumped after price gains in the country and Europe limited the incentive for trans-Atlantic shipments,
Big announcements were made today by Switzerland-based deep water drilling contractor Transocean Ltd. (NYSE: RIG) (SIX:RIGN). In a move to make the company a
MOSCOW–APM Terminals, the port-operating arm of Danish industrial group A.P. Moller-Maersk A/S (MAERSK-B.KO), said Monday that it has acquired a stake
A collision between two ships resulted in an oil spill in the sea outside Singapore, according to the Maritime and Port Authority of Singapore. The accident
(Bloomberg) — The shipping lanes of the Pacific and Indian Oceans show the diverging fortunes of U.S. and European consumers ahead of the busiest
UPDATE 2: The MT Abu Dhabi Star has been released after pirates fled when approached by the Nigerian navy, Reuters reports. The vessel was released without
Kenya, East Africa’s largest economy, is moving to spend $25 billion on a second port, a crude pipeline and roads that will open up export routes in a
Yet another successful launch for Keppel Corp in Singapore. The offshore and marine giant set afloat the Mobile Offshore Self-Elevating Drilling Unit (SEDU)
Vale informed reporters today that it has signed a USD $600 million agreement to sell and further charter 10 large ore carriers with Polaris Shipping Co. Ltd.
Yesterday, four merchant vessels and HMAS Maitland recovered 55 survivors out of a total of 150 passengers of the ill-fated refugee boat that capsized and sank
On 24 August, Smit Lamnalco launched SL Gabon, the first tug branded under its new corporate identity, following the integration of Smit’s terminal
A Lloyd’s Register study on LNG bunkering infrastructure also suggests some owners would be wise to consider fuel flexibility After 12 months of research
Evergreen Marine Corp., operator of Asia’s No. 2 container-shipping line, had its first quarterly profit in a year as sales increased on higher freight
Dear Mr. President, I write these lines to you on board the Greenpeace vessel Arctic Sunrise, as we leave the Russian economic zone waters north of the Kola
Via ABB Communications Recently acquired by the Statoil group, FPSO Peregrino was converted from a very large crude carrier (VLCC) to a floating production,
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