News

Milaha, previously known as Qatar Navigation, today announced that its fully-owned subsidiary, Qatar Shipping Company, has signed an agreement to increase its stake in two LNG carriers.

A Norfolk-based company has secured a contract to transfer workers between Lowestoft and a proposed Greater Gabbard wind farm offshore Suffolk, reports EDP 24.

Steamship company Safmarine held a naming ceremony in Savannah for its newest vessel, the Sahara, Friday.

The 87,000 DWT NYK-operated bulk carrier, Shirakumo, arrived at the port of Soma’s wharf No. 5 in Fukushima prefecture on February 9. Shirakumo is the first coal carrier to berth at the wharf since the Great East Japan Earthquake.

Ming Yang Wind Power International has shipped the first batch of turbine generators for a 4.5MW pilot project in Somovit, Bulgaria, which is expected to be commissioned by July this year.

The price negotiating power of coal-hungry utilities is likely to weaken if a merger between commodities giant Glencore International and global mining company Xstrata goes ahead, analysts have warned.

Power and automation group ABB has entered into an agreement with independent solar energy plant company, FG Emvelo to develop concentrating solar facilities in South Africa.

Power and automation group ABB has secured a major substation order from Hydro One Networks.

An "element of fear" is playing into the price of oil despite higher supply and decreasing demand, Saudi Prince Alwaleed bin Talal al Saud told CNBC.

BP's fourth-quarter replacement cost profit was $7,606 million, compared with $4,614 million a year ago.

Oil prices are expected to stay between $100 and $115 a barrel until mid-year, barring "surprises and geopolitical changes," Kuwait's Oil Minister Mohammad al-Basseri said.

Iran has banned business with foreign companies involved in its refinery sector, the Islamic Republic's Mehr news agency reported.

Paragon Shipping Inc., yesterday announced that it has entered into a fixed rate time charter agreement for its vessel, the M/V Friendly Seas, with Western Bulk Carriers AS.

The Board of Directors of the International Chamber of Shipping (ICS), whose member national shipowners’ associations

Austal has secured an order for a highly efficient medium speed ferry with leading French Polynesian operator and existing customer,

Crowley Maritime Corporation’s solutions group and PB Towage Ltd., part of the Pacific Basin Shipping group,

Hallin Marine, a Superior Energy Services company, reports a promising start to the year with four new contracts.

Mitsubishi Heavy Industries, Ltd. (MHI) has developed a system to enhance the damage stability of ships,

Saturday 4th February saw the arrival in Cowes of the replica of King George V’s J-Class Yacht Britannia, built in Arkhangelsk, Russia.

Otto Marine Limited, offshore marine company which specializes in building complex offshore support vessels,