Biggest Shipping Banks See End to Slump as Lending Recovers
July 25 (Bloomberg) — Nordea Bank AB and DNB ASA, two of the world’s largest shipping lenders, are seeing signs of an end to the maritime
July 25 (Bloomberg) — Nordea Bank AB and DNB ASA, two of the world’s largest shipping lenders, are seeing signs of an end to the maritime
The U.S. Coast Guard has located and rescued the missing crewmember of a commercial lobster vessel, roughly 12 hours after he had fallen overboard off the
A number of recent high-profile incidents have brought cruise ship safety and passenger rights to the attention of government officials and the
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced Wednesday $9.46 million to help improve 12 shipyards in 10 states.
By Michael Grey, This week’s containership fire was located once again in the Indian Ocean, with the Hansa Brandenburg abandoned by her crew, after the
30 people had to be rescued from a sinking tall ship which had ran into trouble along the coast of Ireland in the Celtic
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From a drilling safety standpoint, jack-up rigs are inherently more dangerous than floating rigs for two main reasons. First, if the well blows out and catches
By Silvia Antonioli and Jonathan Saul LONDON, July 24 (Reuters) – Measures to tackle high moisture content in iron and nickel ores shipped across oceans
Note: This article has been reposted from March 22, 2013, with an update that the sentence was handed down yesterday, July 23, 2013. Shipping firms Columbia
SYDNEY, July 24 (Reuters) – A boat carrying as many as 170 suspected asylum seekers bound for Australia has sunk off the south coast of Indonesia, with
State-run Qatargas announced this week that it has sold Qatar’s first ever cargo of Liquefied Natural Gas (LNG) to Malaysia as the country continues its
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UPDATE: Greek shipowner Victor Restis was arrested on charges of money laundering and embezzlement on Tuesday, becoming one of just a few prominent businessmen
Seven people were injured Monday during a U.S. Navy small boat training exercise off the coast of
Filipino container terminal operator International Container Terminal Services Inc (ICTSI) has filed for arbitration over its treatment at the hands of Batumi
July 23 (Bloomberg) — The Angolan capital Luanda has overtaken Tokyo to become the world’s most expensive city for expatriates in a survey of 214
Deepwater driller Ocean Rig UDW Inc. (NASDAQ: ORIG) has announced the signing of a Letter of Award for its ultra deepwater newbuild drillship Ocean Rig Skyros
One should not expect that shipyards in China will disappear so quickly. For the most part, shipyards in Jiangsu, China’s largest shipbuilding province,
By Rujun Shen and Ruby Lian SINGAPORE/SHANGHAI, July 23 (Reuters) – Banks have tightened lending to Chinese shipyards, putting more pressure on an
July 23 (Bloomberg) — The largest commodity carriers are poised to profit for the first time this year as Australia exports near-record amounts of coal,
Two scuba divers are almost swallowed by two feeding humpback whales while off the central coast of California. That was
"We believe that the timing is right to divest of our non-core Downstream segment in order to strategically focus our energies on our Upstream core business,"
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At the end of 2012 the dry bulk fleet comprised approximately 672.8 million deadweight (“dwt”) or 9,275 ships, including Handysize, Handymax,
Since early 2013, I have argued in numerous articles that the traditional shipping markets, containers (liner), dry bulk and tanker markets will take longer to
Drivers always slow down and rubberneck at car accidents, don’t they? Like me, you may have caught yourself complaining about the practice and
SBM Offshore has won a major order today from Shell to supply and lease a new Floating Production Storage and Offloading (FPSO) for the Stones development
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