News

Aug. 7 (Bloomberg) — China widened its lead over South Korea as the world’s biggest shipbuilding nation as state-backed yards won contracts for

Navios Maritime Acquisition Corporation (NYSE: NNA) has announced that four of their eleven MR2 newbuild product tankers have just received charter contracts.

Aug 6 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for the third

MODEC has announced that they have been awarded a 20-year FPSO charter contract by Tullow Ghana at their TEN Field located in the Deepwater Tano Contract Area,

Golar LNG has announced they have received a 5-year, USD $213 million charter contract with the Kuwait National Petroleum Company (KNPC) for their 170,000 cbm

(Bloomberg) — The biggest slump in tanker rates since January is signaling weaker U.S. oil imports and spurring analysts to predict a 15-year low for

OSLO – Marlink has been chosen by the CMA CGM Group, the world’s third largest container shipping group, to upgrade the majority of its fleet to

(Bloomberg) Awilco LNG ASA, the Norwegian owner and operator of liquefied natural gas vessels, rose the most in more than two months after a deal with Teekay

By Shihar Aneez and Ranga Sirilal COLOMBO, Aug 5 (Reuters) – On Monday, Sri Lanka commenced the first phase of a $500 million container terminal, part of

By Congressman Duncan Hunter, For centuries, the world’s oceans have been an influential force.  They have forged industrial strength, enhanced

Aug. 5 (Bloomberg) — China issued a three-year plan to urge financial institutions to support its troubled shipbuilding industry, the world’s

By Lieutenant Stephanie Young, USCG August 4 is a special day of the year for Coast Guard men and women as we celebrate our anniversary of service to the

By Wayne Arnold and Choonsik Yoo HONG KONG, Aug 5 (Reuters) – The U.S. economy may have stopped sneezing, but Asia’s exports are still laid up with

A fleet of Russian warships entered the Port of Havana today, including the guided missile cruiser Moskva, pictured above, the destroyer Vice-Admiral Kulakov

German utility company RWE announced on Friday they are selling back their 50 percent stake in Houston-based Excelerate Energy. The deal was signed with

This week, NOAA’s Terra/MODIS satellites detected a massive plume of dust moving off the coast of Africa, born from a storm far inland. This plume,

Aug. 2 (Bloomberg) — German rail operator Deutsche Bahn AG started another direct train link on the China to Europe trade route, extending its reach into

LONDON, Aug 2 (Reuters) – Qatar has despatched a tanker carrying liquefied natural gas (LNG) it is donating to Egypt, Qatar’s state news agency

In the absence of significant demand for large high speed ferries, Incat Tasmania marks their entry into the offshore industry with the receipt of their latest

GreenLink Systems LLC has developed an on-board nitrogen oxide (NOx) emissions monitoring unit (NEMU) designed to comply with the International Maritime