News

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

HELSINKI – Finnish ship and power plant engine maker Wartsila said it was calling off temporary lay-offs at its plant in Vaasa, western Finland, due to

Disruptions to the supply of liquefied natural gas in Nigeria and Egypt will curb shipping rates as more vessels compete for fewer cargoes of the fuel,

The U.S. is poised to become a net exporter of liquefied petroleum gases for the first year ever as shale-based energy production jumps, prompting new orders

The 19th annual Hellenic-American and Norwegian-American Chambers of Commerce shipping conference was held yesterday at the Waldorf-Astoria hotel in New York

The Sea Shepherd Conservation Society, the environmental group best known for their extreme and often controversial tactics used in the fight against