News

The head of RS Platou's dry cargo shipbroking desk in Singapore has resigned along with as many as seven members of his team, traders said on Wednesday.

d’Amico International Shipping S.A. (Borsa Italiana: DIS), a leading international marine transportation company operating in the product tanker market, announces that its

Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones Global Shipping Index, which measures the performance of 25 leading

The Sai Gon Shipbuilding Industry Company (SSIC), a member of Vinashin, handed over the ship “New Lucky VII” to its owner, Franbo Lines Corp. of Taiwan (China) and inaugurated the largest dry

Bangladesh's High Court has agreed to allow ship breaking yards three more months to meet tougher safety and environmental rules on importing old ships to dismantle

Keppel Shipyard Ltd (Keppel Shipyard) is on track to complete the fast-track conversion of FSO Sepat, a floating production and storage (FSO) unit, for Bumi Armada Navigation Sdn Berhad

Vietnam's state-owned shipping firm Vinalines has commenced building a ship repair factory in the country's southern Tan Thanh district in Ba Ria-Vung Tau province. The $314m facility boosts

The phrase, “It seemed like a good idea at the time,” seems to be associated with a lot of miscues. We would not have industry and economic cycles without it. How so?

Following the orders for previous series of RST design tankers, all built in Russia and Turkey, MarFlex, the marine industry’s leading designer and producer of electric driven

Visual Network Systems, a leading provider of application and network performance management solutions for IT organizations, today announced the Mediterranean

Qatar Navigation Q.S.C. announced the financial results for the first half of 2011, which ended on June 30. The financial results showed that the operating revenues of QR1.1bn vs.

Ansar Burney, Chairman of the Ansar Burney Trust International and Pakistan’s former federal minister for human rights, will reach Dubai tomorrow (Tuesday) evening to meet

Taking advantage of a weak regulatory authority, unscrupulous manpower agents have turned seafarer recruitment into a lucrative business of human trafficking,

The Baltic Exchange's main sea freight index , which tracks rates to ship dry commodities, fell for the 12th straight session on Monday as rates for capesizes remained

Electric utility Kansai Electric Power Co said it will close the 870MW No. 4 reactor at its Takahama station in Japan today.

Sarawak Energy will sell about 230MW of electricity to West Kalimantan, Indonesia, by mid-2014.

Hyundai Steel Co., South Korea’s second-largest steelmaker by sales, said Thursday that it expects to win orders in the second half of the year to supply thick steel

Jinling Shipyard in Nanjing, China, launched four big ships in the space of five days starting from June 18 and 22 June, bringing the total number of ships launched by the shipyard

The production of petroleum products during May 2011 witnessed negative growth of 2.11 percent as compared to the same month of the last year.

China National Petroleum Corp, known as CNPC, yesterday started crude oil production from the Al Ahdab oil field in central Iraq, Iraqi oil officials said.