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International shipping association Baltic International Maritime Council, or BIMCO, today issued its Reflections, a yearly analysis of the past year and

RIO DE JANEIRO (Dow Jones) — South Korean company STX Pan Ocean Co. (028670.SE, GZ9.SG) said Wednesday that the Vale Beijing vessel which developed

In one of his first dealings as the new IMO Secretary-General, Mr. Koji Sekimizu of Japan, announced a number of changes in the structure of the IMO

Stratos, Segovia and Ship Equip Now Align Under the Inmarsat Brand Leading global satellite communications services provider Inmarsat said Tuesday that as of

A.P. Moller – Maersk Group’s Maersk Line recorded the largest capacity growth by TEU’s in 2011 according to a report by liner industry data

BP Plc (BP) said all of its costs and damages from the Deepwater Horizon incident and resulting oil spill in the Gulf of Mexico should be paid by cementing

Brazilian mining giant Vale SA cleared a major (and long awaited) hurdle today.  The BERGE EVEREST, one of the VALE’s massive VLOC’s, has finally

A Russian Captain has been fined for failing to stop his vessel and help passengers off the riverboat, Bulgaria, that sank while cruising on Russia’s

COPENHAGEN (Dow Jones)–Danish Maersk Line, the world’s largest container shipping company, has yet to decide whether to exercise an option to

BEIJING (Dow Jones)–China has begun operating a homegrown satellite navigation service that is designed to provide an alternative to the U.S. Global

An ice-strengthened research vessel has reached the stricken fishing vessel Sparta and her 32 crew after 10 days stuck in Antarctic ice, according to Maritime

The recently formed Bureau of Safety and Environmental Enforcement (BSEE), one of two federal agency’s that resulted from the reorganization of the

By John Lyons And Daniel Gilbert SÃO PAULO—Brazil’s Federal Police are asking a federal prosecutor to indict as many as 17 Chevron Corp. and

LONDON — Royal Dutch Shell PLC (RDSA) is sending ships and planes loaded with chemical dispersants in an effort to clean up as much as 40,000 barrels of

Incidents by Region – DEC 15 – 21 INDIAN OCEAN–EAST AFRICA: ARABIAN SEA: Crude Oil Tanker (NORDIC APOLLO) was fired upon by pirates on 19

By JD, Somalia Report Somali pirates have just released the Italian-flagged oil tanker MV Savina Caylyn for a ransom of $11.5 million, according to pirate

EUNAVFOR reminds us of the the human element of piracy with a break down of who it affects the most, the hostages.     While the issue of piracy off

Fred Olsen said today that its drilling subsidiary, Dolphin Drilling, will NOT be exercising its option with Hyundai Heavy Industries for a second newbuild

A Russian oil rig with a crew of 67 people capsized and sank early Sunday morning amid heavy seas off Russia’s east coast. The rig, a jack-up that is

Houston-based tank barge operator Kirby Corporation (NYSE:KEX) announced yesterday that the company has purchased Seaboats, Inc. and affiliated companies