Fourth Rate Drop in a Row For VLCCs, Lowest Since August 2012,
(Bloomberg) — Returns for oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, reached the lowest level since August
(Bloomberg) — Returns for oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, reached the lowest level since August
A spokesman from Carisbrooke Shipping has confirmed that their multi-purpose bulk carrier, the British-flagged Esther C, has been attacked by pirates 85
After suffering massive losses over the past year, and with more losses forecasted amid terrible drybulk and tanker markets, Mitsui OSK Lines’ President
Maersk Line’s Chief Commercial Officer Lucas Vos announced his intentions to resign today from the Copenhagen-based shipping giant. “Lucas Vos has
(Bloomberg) — China’s exports rose 25 percent in January from a year earlier while imports increased 28.8 percent, resulting in a trade surplus of
DHAKA (Reuters) – A ferry carrying more than 50 people sank on Bangladesh’s giant Meghna River on Friday after colliding with a sand barge and
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Here is a good shot of cargo hold 4 & 3 of one of Maersk’s new Triple-E containerships currently under construction at DSME shipyard in South Korea.
A recent market screening conducted by Swedish energy firm Swedegas has revealed significant interest in liquefied natural gas (LNG) throughout Sweden’s
(Bloomberg) — Tankers that carry about half of the refined oil products transported by sea will lose money for the next five years as an oversupply of
A group of lawmakers this week announced the establishment of a new congressional caucus focused on raising awareness amongst members of Congress on a broad
The Sea Shepherd Conservation Society has severed the fuel supply to Japanese whaling ships in Southern Ocean as this season’s campaign to stop
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(Bloomberg) — The rally in rates to ship liquefied natural gas may end as winter demand subsides and a shortage of cargoes curbs trading to profit from
SINGAPORE – SMOE, a wholly-owned subsidiary of Sembcorp Marine, announced today they have secured a contract worth about S$900 million from Det norske
By Jonathan Saul LONDON (Reuters) – Iran has taken delivery of several new tankers from Chinese shipyards, giving it greater flexibility in maintaining
(Bloomberg) — Iran, which dropped two places to become India’s fourth-largest crude supplier last year, may lose $2.5 billion of revenue as global
A 29-person lifeboat belonging to the late MS Olivia bulk carrier has washed ashore in southern Australian, nearly 2 years – and about 5,000 miles
The operation to remove the grounded USS Guardian from a reef in the Philippines may take months, the state-run Philippines News Agency reported Wednesday.
ATHENS (Reuters) – Greek ships sailed again from the busy ports of Piraeus and Rafina on Wednesday after the government ordered seamen to end a six-day
Sea Tankers announced Wednesday that pirates have released their product tanker M/T Gascogne after stealing part of the ships cargo and that all 17 crew
UAE-based shipyard Lamprell announced today that it has been awarded a newbuild contract from Dev Drilling for the construction and delivery of a completely
By Anurag Kotoky and A. Ananthalakshmi BANGALORE, Feb 6 (Reuters) – China’s role in operating a strategically important port in Pakistan is a
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(Bloomberg) — Fred Olsen Energy ASA, a Norwegian offshore drilling company, dropped to a three-week low in Oslo as higher-than-expected cost increases in
(Bloomberg) — Earnings for the biggest oil tankers on the benchmark route shipping Saudi Arabian crude to Japan will rise 48 percent this year to average
Royal Caribbean on Tuesday said it has cut the first steel in the construction of two of its new “Project Sunshine” ships, marking a major step in
During an ICS Board meeting held Tuesday in London, members of the International Chamber of Shipping (ICS) expressed their frustrations with Italy for failing
By David Ljunggren OTTAWA, Feb 5 (Reuters) – Canada’s offshore petroleum boards are not equipped to cope with a major spill, the country’s
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