News

Russia’s biggest shipping company Sovcomflot has signed agreements on the construction and leasing of LNG tankers both for the Yamal Peninsula and the Shtokman project.

Horizon Lines, Inc. (NYSE: HRZ), America's leading domestic ocean shipping company, has received recognition from the Chamber of Shipping of America (CSA) and

d'Amico International Shipping S.A. (MILAN: DIS), a leading international marine transportation company operating in the product tanker market, announces that itsfully

OOCL is delighted to announce that the shipbuilder of our 8,888 TEU vessel, OOCL Beijing, has won the “Shanghai Municipality’s First Class Award for Science and Technology Advancement”.

The Baltic Exchange's main sea freight index , which tracks rates to ship dry commodities, turned positive on Thursday helped by light iron ore cargo business

Safe Bulkers, Inc. (the "Company") (NYSE:SB - News), an international provider of marine drybulk transportation services, announced yesterday that it has been ranked "The Second Best Performing Shipping Company for the Year 2010" at the

Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ:SHIP - News) (NASDAQ:SHIP.W - News) announced yesterday that the Company's Board of Directors (the "Board") has determined to effect a 1-for-15 reverse split of the Company's

Denmark's new tanker firm Tankers Inc (TI) has contracted its first newbuildings in China. The company, set up in August 2010, booked two 75,000-dwt LR1 products tankers

Access to ships was one of the hot topics raised at the recent 56th Annual ISSA Convention & Trade Exhibition which, for the first time ever, was held at sea.

Nippon Yusen Kabushiki Kaisha , Oshima Shipbuilding Co. Ltd., Mitsubishi Heavy Industries Ltd., Akasaka Diesels Limited, and Sakai Chemical Industry Co., Ltd are to begin

Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P., announced yesterday that it has entered into a new long-term contract with a subsidiary

Construction of ships to haul commodities rose to a record, helping to cut transportation costs for cargoes including coal, iron ore and grains, Clarkson Research Services Ltd. said.In the first five months of the year 429 vessels began trading, up from 388 a year

This year is already a record year for dry bulk carrier demolition. In Jan-May 2011, 13.6m Dwt of bulkers have been scrapped, including 7.1m Dwt of Capesize (over 120k Dwt) bulkers. If scrapping continues at this pace for the balance of 2011, it could

The Southeast Missouri Regional Port Authority is dredging up old problems of, well, dredging, or at least obtaining the funding to do so in 2011.

In a direct response to the growing needs of its customers, DP World, UAE Region announced that it has commenced upgrading Al Hamriya Port in Dubai. Work has already

The Port of Salalah general cargo terminal (GCT) handled a record 764,000 tonnes of cargo in May this year. This is the largest volume of cargo handled in any month

China Rongsheng Heavy Industries Group Holdings Limited ("Rongsheng" or the "Group"; stock code: 01101.HK), a large heavy industries group in China, has garnered

Aker Solutions' geo business has signed a three-year frame agreement with Eni Norge AS to supply sub-surface consultancy services within the areas of geology, geophysics,

Tsakos Energy Navigation Limited yesterday announced the sale of the 1991-built aframax tanker Vergina II to third party owners. Vergina II, sister vessel of Victory III sold earlier in 2010, will be delivered to its new owners by the end of this month and will

Although new building orders have been on the downslide in the past few weeks, activity is still pretty healthy in most sectors, with container ships though stealing the show for the most part. According to the latest weekly report from Golden Destiny, “orders