News

Transatlantic clean tanker rates remained pressured on Monday as slow activity and a glut of vessels took their

Oman Shipping Company has signed a 137 million rials ($355.8 million) loan with two local banks to fund the acquisition of four Very Large Ore Carriers

A search is underway in the North Sea for three missing from a standby security vessel that sank Monday morning following a collision with a fishing

At a hearing today at Truro Magistrates Court in the UK, Maersk Tankers Singapore was ordered to pay a total of £22,500 in fines and costs after pleading

The World Bank lowered its economic growth forecasts for 2013 and 2014 for China and most of developing East Asia. It cited slower growth in the world’s

Petredec, the Singapore-based LPG shipping firm has announced plans to expand their fleet of over 50 gas carriers with a newbuild order recently signed with

Oct. 7 (Bloomberg) — The strange contraption slowly being assembled in a modest industrial shed in Breda, a small city in the Netherlands, bears little

The video, titled "A Glimpse Into The Lives Of Somali Pirates", attempts to tackle the issue of Somali piracy with some general yet easily digestible facts and

Tropical Storm Karen may strengthen slightly before weakening as it makes landfall near the Florida-Alabama line Saturday.

"The Netherlands today began an arbitration procedure on the basis of the (United Nations) Convention on the Law of the Sea," Foreign Minister Frans Timmermans

A group of Norwegian investors and Henning Oldendorff, chairman of the largest charterer of dry- bulk vessels, are forming a shipping bank that will start next

Workers at Huntington Ingalls Industries (NYSE:HII) tension the bolts that will keep the 30-ton bronze propeller affixed to one of the 4 shafts protruding from

You know what they say... When in Africa, create a mimed rendition music video of the 1983 smash hit "Africa" by Toto and post it on

More than 300 people drowned or were feared dead after a boat packed with African migrants caught fire and sank off the southern Italian island of Lampedusa on

Oct. 3 (Bloomberg) — Vale SA, the world’s largest iron-ore producer, boosted this year’s planned dividend by 13 percent to $4.5 billion as

Paragon Shipping Inc. (NASDAQ: PRGN), an Athens-based dry bulk shipper has announced an acquisition worth approximately $53.0 million for two 63,500 dwt

European Union Naval Forces (EUNAVFOR) reports today that eleven people of Somali origin have been convicted today of piracy by the Seychelles Supreme Court.

AET, the Kuala Lumpur-based tanker operator has announced that two of their 320,000 dwt Very Large Crude Carriers (VLCCs), which are currently under

By Kathy Finn NEW ORLEANS, Oct 2 (Reuters) – BP’s manager in charge of controlling the Macondo blowout in 2010 was never trained to permanently

Divers have recovered what could be more human remains from the sea where the Costa Concordia cruise liner sank last year off the Italian island of Giglio, the