News

"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

The high speed, dual fuel ferry commenced service Wednesday shuttling passengers at lightship speed on the Rio Plato between Buenos Aires and Montevideo,

Rolls-Royce has won a contract to supply an innovative an integrated propeller and rudder system called “Promas Lite” to the Norwegian cruise

Not only did Jumbo, the Netherlands-based maritime heavy lift firm, take cool photos from the recent launching of the Jumbo Kinetic from Croatia’s

Oct. 2 (Bloomberg) — Coal will replace natural gas as the dominant fuel for producing electricity in Southeast Asia as the region almost doubles its

The piracy charges, which Greenpeace said were absurd, are punishable by up to 15 years in

A small article in The Australian, Australia’s national newspaper, has signaled that the merry-go-round on Australia’s coastal shipping policy will

Chilean shipper Compania Sud Americana de Vapores said on Tuesday it agreed with a consortium of banks to take on $347 million in loans to help pay for the

With flags and confetti, Venezuela launched three new oil tankers in the last 14 months that exemplify the socialist nation's ambitions to diversify exports to

The future of shipping will in part, be about data. Big