Baltic Dry Index Turns Black, and Capesize Owners Are Still Eating Ramen Noodles
The Baltic Dry Index, a measure of commodity shipping costs, rose for the first time since November, lifted by gains for the largest vessels as miners sought
The Baltic Dry Index, a measure of commodity shipping costs, rose for the first time since November, lifted by gains for the largest vessels as miners sought
Royal Dutch Shell PLC (RDSA, RDSA.LN) has repaired a piece of safety equipment intended for its Arctic drilling program and will soon ask U.S. regulators to
*UPDATE* ZUG, SWITZERLAND-Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that it has reached an agreement with the U.S. Department of Justice to
South Korea’s government is moving to bar foreign shipping lines from contracts in the state-run energy sector as it supports domestic companies
Star Bulk Carriers Corp. (SBLK) reached an agreement with its lenders to defer up to $24 million of repayment obligations over the next two years. The
German shipyard Meyer Werft announced today the delivery of the Liquefied Natural Gas (LNG) tanker CORAL ENERGY to Rotterdam-based shipowner Anthony Veder.
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Hyundai Heavy Industries Co. and Samsung Heavy Industries Co., the world’s two biggest shipbuilders, forecast a jump in orders this year, helped by
Returns for the biggest oil tankers hauling Middle East crude to Asia, the industry’s benchmark route, fell for a fourth session as the year-end holiday
STX Europe said Wednesday that it has completed a deal to sell off its STX Norway Florø AS and STX Norway Design Florø AS units to Westcon Group AS
Link: Previous Kulluk Update The U.S. Coast Guard and Royal Dutch Shell Plc were fighting 70 mile-per-hour winds and 40-foot swells as they tried to assess
Earnings for ships that haul liquefied gases, cars and oil products are most likely to recover this year amid a continued glut of merchant vessels that may
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SINGAPORE–After scrambling for years to secure space in Singapore’s onshore oil storage tanks, some of the biggest fuel oil traders in Asia are
Four people survived after a rescue helicopter crashed into the ocean off Copacabana Beach in Rio de Janeiro, Brazil. “The crew were saving the lives of
Following a meeting of its Insurance Committee on Tuesday, the International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant
Latest Update (Jan. 2): Overflight Video, Environmental Groups Respond as Damage Assessment Begins on the Stranded Kulluk By Yereth Rosen ANCHORAGE, Alaska
By Isaac Arnsdorf Accelerating world trade means the merchant fleet will burn the most fuel oil ever in 2013, driving ship owners’ biggest cost to a
Here is a recap of the U.S. Coast Guard’s Top 10 Rescue Videos of 2012. Remember, the USCG needs help narrowing down the 10 videos to one lucky winner
Latest update on the Kulluk Grounding Update: On Monday night, the Kulluk broke tow and ran aground. Latest: Kulluk Incident As a fierce Gulf of Alaska storm
Less than two weeks after the frigate BNS Louise Marie apprehended five suspect pirates at sea off the Somali coast, the crew of the Belgian warship was tasked
Wärtsilä announced today they have been contracted to supply the complete dual-fuel propulsion package for two 4700 CBM Liquefied Ethylene
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Indonesia has taken in nine shipwreck survivors believed to be refugees from Myanmar, ending weeks of uncertainty for the men, who were refused permission to
If you see a boat on fire, do you: Stand by and film it with your phone? Put that s@#% out? Filmed at Lake Lyndon in New
By Alex Dobuzinskis Several endangered whale species may get a new lease on life when some cargo shipping lanes off the California coast are shifted next year.
The USCG said Friday that it is coordinating a response with Royal Dutch Shell representatives after the company’s brand new $200 million AHTS, the MV
By Mimosa Spencer and Nadya Masidlover PARIS–A contract worth more than 1 billion euros (1.33 billion dollars) to build a 5,400-passenger cruise ship for
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