News

Ships transiting the Suez Canal, which handles about 8 percent of world trade, slid by 16 percent last month amid riots that led the Egyptian military to

At 0540 local time on Wednesday 26 September 2012, the Indonesian ferry, KMP Bahuga Jaya, owned by PT. Atosim Lampung Shipping, sank after colliding with

Workers at Brazil’s Santos port will participate in a six-hour work stoppage on Feb. 22 to protest government plans for shipping terminals in the

A whale tied to the side of Japanese Research vessel Yushin Maru No. 2 is dragged through the ocean in Mackenzie Bay, Antarctica, in this picture provided by

With initial repairs complete, the giant container ship Emma Maersk is now under tow from Port Said.  She is on her way to a European port where the ship

1 person is confirmed dead and 14 are still missing after their cargo ship, the Myanmar Panamanian-flagged M/V Arita Bauxite, sank off the northwest coast of

On 14 February, Polish shipyard Remontowa Shipbuilding S.A. launched their next ABS-classed platform supply vessel, on that has been designed for one of the

Petroleo Brasileiro SA may receive a spot cargo of liquefied natural gas from the U.S. today, according to ship-tracking data. The LNG Capricorn, with a

HONG KONG – Rio Tinto has signed a 20-year contract with Japan’s Mitsui O.S.K. Lines Ltd (MOL) to carry iron ore from Australia to China, as the

Earnings are about zero for the biggest oil tankers, hauling almost half the world’s seaborne crude, and owners of the ships may opt to remove them from

The price gap between liquefied natural gas in Asia and Europe will support demand for shipping even as new vessels are built before fuel output expands,

LONDON – Russian Urals crude strengthened in the Baltic after loading dates for early March showed a possibility of lower-than-usual volumes. Urals

Transocean Ltd. and federal prosecutors won approval of the oil driller’s agreement to plead guilty to violating the U.S. Clean Water Act for its role in

The following images depicts a tragedy which is quietly unfolding around the world. On top of a factory building in Hong Kong, over ten thousand shark fins are

Returns for Panamax ships, the main grain and coal carriers, reached the highest in almost two months as the reopening of some Asian offices after holidays and

Full scale decking work on the luxury cruise ship Norwegian Getaway is underway at Meyer Werft. Deck and flooring specialist Bolidt reports a shift in its

Farstad Shipping ASA has, through its wholly owned subsidiary Farstad Supply AS, announced today the signing of a NOK 825 million (USD $150 million) newbuild

South Korean shipbuilder Hyundai Heavy Industries and Toisa Limited announced an order today to build a multipurpose offshore construction vessel (MOCV). With

Teekay’s Research Manager, Christian Waldegrave provides a look back at what happened during the 2012 tanker market, and why it was really a “year

Hamburg – Tokyo-based classification society ClassNK announced today that it has earned authorization from Germany’s BG Verkehr to carry out