News

Jan. 21 (Bloomberg) — Demand to ship dry-bulk commodities will exceed fleet growth in the year’s second half as the freight market begins to

YOKOSUKA, Japan – The U.S. 7th Fleet Commander on Saturday expressed regret over the grounding of USS Guardian (MCM 5) on Tubbataha Reef in the Sulu Sea.

Jan. 21 (Bloomberg) — Trafigura Beheer BV agreed to buy three medium-range tankers to carry refined oil products such as gasoline, its first purchase of

Canada Steamship Lines (CSL) has confirmed it has installed and integrated Ecospec’s novel CSNOx system onboard one of its Great Lake carriers.

Jan. 21 (Bloomberg) — Kvaerner ASA, a Norwegian builder of oil platforms, dropped the most in almost a month in Oslo after it lost out on a $1.1 billion

PEARL HARBOR, Hawaii – A U.S. Navy investigation to assess the circumstances surrounding the USS Guardian (MCM 5) grounding that occurred in Philippine

Jan 18 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, rose on Friday for a

TOKYO – The American Bureau of Shipping announced today they have been granted authorization by the Ministry of Land, Infrastructure, Transport and

Orient Overseas Container Lines announced today the christening of two 13,208-TEU container ships, the M/V OOCL Brussels and the M/V NYK Helios, at a ceremony

Jan. 18 (Bloomberg) — The total number of new vessels joining the global fleet this year is expected to be as much as 220, about the same as 2012

Louisiana Governor Bobby Jindal and Maurice Brand, Managing Director and Joint Chief Executive Director of Magnolia LNG announced today a $2.2 billion project

The US Navy reports this morning that all 79 crew members have been transferred from the stricken USS Guardian (MCM-5) while 7th Fleet salvors works to try and

SINGAPORE–DVB Bank SE (DVB.FF), a major global financier of purchases of ships and airplanes, projects that the market for global marine transport

LONDON–Oil prospecting in the U.K. North Sea has experienced renewed vigor and there is a positive outlook for 2013 activity, according to a report

Jan. 18 (Bloomberg) — Two Italian marines charged with killing fishermen they suspected of being pirates can be put on trial in India, the

Friday Update: Crew removed as salvors get to work. *Update: The above image was sent to us last night by a confidential source Original story: While at a

The Queen Elizabeth 2, the ocean liner known as the QE2 that plied the Atlantic for almost 40 years, will be moored in Asia as a 400-room luxury hotel

SINGAPORE – The new year has started off well for Sembawang Shipyard.  In the first two weeks of January, the Singapore-based yard carried out

WASHINGTON, Jan 17 (Reuters) – A U.S. Navy minesweeper, the USS Guardian, ran aground in the Sulu Sea off the Philippines on Thursday, and was stuck on a

Jan. 16 (Bloomberg) — Costs to ship Middle East oil to Asia, the tanker industry’s busiest trade route, fell for a third day as completion of cargo