News

Aug. 8 (Bloomberg) — Vale SA, the biggest iron-ore producer, forecasts the steel-making ingredient’s main buyer China will increase steel output

By Gavin van Marle In a sign of just how weak the container shipping market has become this year, the parent company of Hong Kong-based box carrier OOCL

Aug. 9 (Bloomberg) — China will surpass the U.S. by October to become the world’s biggest net oil importer on a monthly basis, the Energy

Aug. 9 (Bloomberg) — OAO Novatek, Russia’s second-biggest natural-gas producer, rose the most in five weeks in Moscow trading after earnings beat

Five more lawsuits have been filed this week against Signal International LLC, accusing the shipbuilder and its network of recruiters and labor brokers of

GENEVA, Aug 9 (Reuters) – Nigeria will export four cargoes of Bonny Light crude oil in September, a shipping list showed, boosting monthly exports for

SeaBird Exploration’s 2D Long Offset Seismic Vessel, Northern Explorer has just been awarded a 150 day, USD $10.5 million contract in the Mediterranean

In an exchange filing today, China COSCO announced their plans to scrap 13 ships, consisting of 4 container vessels totaling 11,207 TEU and 9 bulk carriers of

IHC Merwede announced today over €1 billion in new orders have just been received for the design, engineering and construction of six, 550-ton pipelay

Aker Philadelphia Shipyard (APSI) and Crowley Corporation have announced today a partnership to build four Jones Act-compliant, 50,000 dwt, 330,000-barrel

Liberian Registry has launched an online Maritime Labour Complaint Resolution Form for seafarers, ahead of the entry into force of the Maritime Labour

Aug. 8 (Bloomberg) — BP Plc, ConocoPhillips and Statoil ASA are among oil explorers investing at least $3 billion in wells off Angola next year in the

By Kevin Reeder, The maritime industry’s promise to ensure maximum availability of Electronic Navigational Charts (ENCs) to mariners is close to

Royal Boskalis Westminster N.V. announced today that their Type-0 heavy lift vessel, the Dockwise Vanguard has just finished a contract supporting the repair

Siem Shipping has sold one of its less efficient vessels, the Timaru Star, for recycling. The sales price was USD $2.0 million. The transaction will have no

Petrobras has extended their contract for DOF Subsea’s Skandi Vitória for an additional two years beginning in September 2013. The vessel is owned

South Africa’s National Sea Rescue Institute (NSRI) has reported that as of 1002 local time, all 19 crew members from the bulk carrier Kiani Satu are

Aug. 8 (Bloomberg) — NITC, Iran’s biggest tanker company, increased the capacity of its supertanker fleet by 23 percent this year amid sanctions

Aug. 8 (Bloomberg) — Nippon Yusen K.K., Japan’s largest shipping line, said development of deepsea Brazilian oil and Australian gas will boost

Aug. 7 (Bloomberg) — Transocean Ltd., the world’s largest offshore rig contractor, posted a second-quarter profit after running its vessels more