News

Sept. 5 (Bloomberg) — The fastest Chinese steel output on record is still too slow to meet demand from builders, reducing inventories and driving prices

Sept. 5 (Bloomberg) — A.P. Moller-Maersk A/S rose to its highest in more than two weeks in Copenhagen after the sale of a stake in a ferry operator

SYDNEY, Sept 5 (Reuters) – Iron ore exports to China from Australia’s Port Hedland, which handles about a fifth of the global seaborne market for

Oslo-based classification society DNV reports they are very close to completing their merger with Hamburg-based Germanischer Lloyd (GL), a deal announced in

In a conversation with Ridgebury Tankers CEO Robert Burke this afternoon, he confirmed that his company has agreed to acquire four MR tankers from Yasa

Salvors in South Africa have removed all heavy fuel oil from the capesize bulk carrier MV Smart, which ran aground and broke up on a sand bar on August 19

Sept 4 (Reuters) – The Baltic Exchange’s main sea freight index, which gauges the cost of shipping commodities such as iron ore, cement, grain,

Maersk Line reports this morning that the fire on board the Maersk Kampala has finally been put out by the onboard fire-fighting teams with support from

Oceanfoil, a UK-based aerofoil design company has announced that it has formed partnerships with naval architects Owen Clarke Design and University College

Sept. 4 (Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s largest container line, rose the most in more than two weeks in Copenhagen

International deepwater drilling contractor Ocean Rig UDW (NASDAQ: ORIG) on Tuesday announced that it has signed a contract to construct a ninth ultra

U.S. approval each year of 1.5 billion to 2 billion cubic feet a day of liquefied natural gas export capacity would be “palatable” for consumers,

The U.S. Navy and Australian Defense Force (ADF) successfully recovered and disposed of the live ordnance emergency-jettisoned by two AV-8B Harrier aircraft on

With a 37-38 meter beam, the vessels will be the widest car carriers ever

Hyundai Mipo Dockyard announced today they have been awarded a 113,200,000,000 KRW (USD $103 million) newbuild order for new containerships from an undisclosed

Golden Ocean Group Limited announced today the acquisition of a 50 percent stake in a 2010 Korean-built 181,000 dwt Capesize bulk carrier and one 2010

DOF Subsea Rederi AS, an entity in the DOF Subsea Group, announced today the sale of their 120 meter subsea construction and ROV vessel, Skandi Bergen, to an

By Ole Mikkelsen COPENHAGEN, Sept 3 (Reuters) – Who would have thought a container shipping firm could rally as many Facebook “likes” as a

Not exactly sure what this officer was thinking here, but it didn’t end well. http://www.youtube.com/watch?v=C-r7eEfcV2s While i was walking by Potomac

In the above photo, the P2-Class vessel HHL Lagos lifts a 1306 metric ton reactor at Porto Marghera, Italy. This piece of cargo, along with three other