News

By Michelle Wiese Bockmann (Bloomberg) — Rates for ships carrying minerals and grains will climb almost threefold by 2015 as demand for the vessels

An intense hurricane force storm is forecast to move from south of Iceland towards the coast of Norway on Monday with a large area of winds forces 10-12 (50-70

By Anupama Chandrasekaran CHENNAI, India, Jan 30 (Reuters) – The eight Indian crew members on board the MV Amina had no inkling they were trapped on the

Update: Port officials from the port of Abidjan have confirmed that the M/T Gascogne was in fact hijacked by pirates while in international waters. Ivory Coast

Stena Bulk A/B and palm oil production giant Golden Agri-Resources Ltd (GAR) announced today they have set up a new 50-50  joint venture to take over four

Egypt will award a license to import liquefied natural gas within two weeks as the nation’s users prepare to buy in the fuel for the first time. Egyptian

(Bloomberg) — MISC Bhd., the world’s second-largest liquefied natural gas shipper, surged the most in more than 14 years in Kuala Lumpur stock

With the shipping industry facing its toughest market conditions seen in about a quarter century, the London-based International Chamber of Shipping (ICS)

By Environment Correspondent Alister Doyle OSLO, Feb 4 (Reuters) – Plans by Arctic nations to start cooperating over oil spills are vague and fail to

The Crane barge, SMIT Borneo, arrived off the coast of Palawan province in the Philippines from Singapore today.  This vessel will be used to remove USS

Skeletal remains, blue coveralls, and a sun-bleached life jacket emblazoned with the words SAIGON QUEEN were recently found on a beach in the Maldives.

(Bloomberg) — Losses widened for the largest oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, as a surplus of

In an interview with CNN, Maersk Group CEO Nils Anderson discusses the ever-changing, and difficult world of global shipping and the newly evolving Chinese

(Bloomberg) — Price arbitrages that make it profitable for traders to ship coal and iron ore to China may become more important in determining ship

Scorpio Tankers Inc. (NYSE: STNG) announced today that it has finalized their agreement with SPP Shipbuilding Co., Ltd. of South Korea (SPP) for the

Bureau Veritas has issued the first voluntary SEEMP notation to the 1,500 passenger ro-pax ferry ‘Cap Finistere’, operated by the European ferry

(Bloomberg) — Egypt’s army is maintaining shipping services through the Suez Canal, which handles about 8 percent of world trade, amid unrest

TAIWAN – Japanese classification society ClassNK announced today that it has certified the Bridge Resource Management (BRM), Electronic Chart Display

(Bloomberg) — Six years after the Panama Canal began a $5.25 billion expansion to capture shipments of Asian-made goods to the U.S. East Coast, the flow

Netherlands-based Damen Shipyards Group unveiled today the AHTS 200, the latest vessel within their “Offshore Series” of designs.  A powerful,