Gulf of Guinea Piracy Nearly Doubles, Impact Likely to Surpass $1 Billion
Pirate attacks off West Africa's mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardise the shipping
Pirate attacks off West Africa's mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardise the shipping
The ratio of container TEU capacity on-order compared to the trading fleet dropped below 20% in June, reports Braemar Seascope. The broker advises that, as the
(Bloomberg) — STX Pan Ocean Co., South Korea’s largest commodities-shipping company, slumped to the lowest level in Seoul trading since its
June 18 (Bloomberg) — China’s oil imports are contracting for the first time since 2009, reducing the biggest source of demand for crude tankers at
UPDATE: New information has revealed that the ship did not sink, rather it broke in two with both sides still afloat. The loss of the MOL Comfort (formerly
[INFOGRAPHIC] The South China Sea and East Indies, east Mediterranean and Black Sea, North Sea and British Isles are the world's most dangerous hotspots for
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Harley Marine recently named their latest CAT-powered ice-class tractor tug the Bob Franco after the father of Harley’s Founder and CEO, Harley Franco.
Poland has sped up work on a terminal for liquefied natural gas (LNG) as it aims for a 2015 start date for receiving shipments from suppliers such as Qatar,
On April 24, 2013, two Kirby-owned tank barges exploded during routine cleaning operations at the Oil Recovery Company Marine Terminal in Mobile, injuring
This photo was taken from the sailing yacht “Crocodile”, a Beneteau First 40.7 while transiting offshore the coast of Long Island and New Jersey
June 17 (Bloomberg) — Ships hauling iron ore earned more than they need to cover running for the first time in almost five months, amid speculation that
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Deepwater drilling contractor Ocean Rig UDW Inc. (NASDAQ: ORIG) announced today that it has received a 5-well contract for its ultra deepwater drillship Ocean
In a report by Charles R. Weber today, the shipbroker notes that the crude tanker market could be set for another 18 months of poor performance as ship
June 16 (Bloomberg) — Chevron Corp.’s $10 billion Angola LNG plant shipped its first cargo today after an 18-month delay prompted by fires, labor
Paul Soros passed away at his New York City home, his son, Jeffrey Soros,
Ane Maersk Mc-Kinney Uggla, chairman of the Moller Foundation, had the honour of naming Maersk Line's first Triple-E containership during a naming ceremony
Kawasaki Heavy Industries fired Satoshi Hasegawa as president and said it ended talks to merge with Mitsui Engineering & Shipbuilding Co., two months after
Moore Stephens' latest Shipping Confidence Survey produced evidence of increased enthusiasm for new investment, although doubts persisted about the
Dry bulk shipping company, Golden Ocean Group Limited, has exercised options for three new 64,000 dwt Supramax bulk
Nicaraguan lawmakers granted a 50-year concession to a Chinese company on Thursday for it to design, build and manage a shipping channel across the Central
U.S. flag climbs makes it back onto the Paris MoU "White List".
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DNV has become the first class society to achieve the status of an Independent Laboratory (IL) for the evaluation, inspection, and testing of ballast water
Kawasaki Heavy Industries Ltd., Japan’s second-biggest heavy-equipment maker, removed Satoshi Hasegawa as president as it ended merger talks with Mitsui
A fire broke out aboard the nuclear-powered aircraft carrier USS Nimitz while underway in the Indian Ocean on June 7, the U.S. Navy said
With a storage capacity of 2.3 million barrels, the FPSO is believed to be the largest ever built.
A.P. Moller-Maersk will pay about $100 million less than predicted for 20 mega-size container vessels ordered from Korea's Daewoo Shipbuilding & Marine
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