Shipping News

Gulf of Mexico-focused deepwater exploration and production company Venari Resources says it has raised an additional $1.3 billion in equity commitments

Scorpio Group has probably lined up a bareboat rate of about $50,000 daily for the long-term charter of about 15 years’ duration of three, 19,200 TEU box

Asian buyers of ultra light oil from the United States are struggling to find small-sized ships willing to undertake the month-long voyage at affordable rates

After losing power and steering on the Mississippi River late Tuesday evening, the Maltese-flagged bulk carrier Flag Gangos allided with the 105,000 ton

COSCO announced a heap of new orders today including two new 64,000 ton dwt bulk carriers and four subsea supply vessels at their Zhoushan and Dalian yards,

The trading arm of Angola's liquefied natural gas (LNG) export project is making deep cuts to the headcount at its London

Last weekend, Shanghai Shipyard delivered the new 28,000 DWT heavy lift vessel MV DA DE to COSCO Shipping, adding to their five other vessels of similar type.

A planned attempt to the lift the sunken Baltic Ace car carrier from the seafloor near the port of Rotterdam has been abandoned because damage to the ship is

Unionized port workers and a group of Pacific Northwest grain companies reached a tentative contract agreement, according to an announcement on

Aker Solutions ASA, the offshore engineering company controlled by billionaire Kjell Inge Roekke, could miss opportunities to expand into Russia’s Arctic

Two of China's largest shipping firms are setting up a $1.1 billion crude oil tanker joint venture with a view to build up the country's fleet, as the world's

"The rates don't reflect the true supply and demand situation," commented Intermarine's Operating Chairman Andre Grikitis in a recent phone

Australia’s plans to export more iron ore this year than any nation ever is driving up shipping costs by 80 percent. Increased sales from Brazil before

Japanese shipping firm K-Line reports today the company has dug themselves out of a loss-making situation over the past quarter in their containership business

The massive container ships passing through the Santa Barbara Channel off the coast of Southern California will be paid a bonus of $2,500 per trip to slow

Brazilian mining company Vale SA plans to double its iron ore exports to China within five years according to Jose Carlos Martins, the company's head of

If your ship intends to call in ports affected by the Ebola virus, here are some important safety measures via the World Health Organization and the Marshall

The Jumbo Kinetic “heavy lifter” left Croatia’s Brodosplit shipyard today enroute to Viktor Lenac shipyard where the twin 1,500 ton cranes

In March 2012, film director James Cameron became the first person in history to solo dive the Challenger Deep, the deepest point of the Marianas Trench and

Tugboat engineers at Australia’s Port Hedland called off an intended strike that threatened exports from the terminal which ships about a quarter of the