News

China's refineries recorded a net loss of Yuan 17 billion ($2.6 billion) in the first five months of this year, 9.5 times more than the year-ago period due to surging crude feedstock prices,

Iran will sign a $10 billion contract tomorrow to export natural gas to Iraq and Syria, the Oil Ministry said on its news website, citing remarks yesterday by Javad Owji,

China saw its output of natural gas increase 7% year on year to 50.5 billion cubic meters in the first half of this year, said the National Development and Reform Commission in a statement published on its website.

Norway’s Star Reefers swung to an $11.3 million second quarter net loss from a year-earlier profit of $3.8 million, as spot market rates fell, fuel costs rose and container carriers

Singapore-based container carrier APL will impose a peak-season surcharge on all cargo shipped from Asia and the Middle East to the United States and Canada, starting Aug. 1.

Listed shipping firm Keppel Philippines Marine Inc. (KPMI) will voluntarily delist its shares from the Philippine Stock Exchange (PSE) by the end of October this year after failing

Demand for ships and the goods they carry around the world will largely dictate the strategies of the shipping industry, as they always have done. New considerations that are likely to play heavily into the design of new ships, however, include the demand for far

During the first six months of 2011, there have been notable changes in the shape of the global orderbook. This month’s ‘Shipbuilding Focus’ takes a closer look at the reasons underpinning the alterations in the orderbook in the four sectors which have shown

Global marine fuel demand is falling faster than previously thought as the high price of oil prompts energy efficiency developments in new ships, a study by leading consultants said.

The 45 Maritime Authorities of the Paris and the Tokyo Memoranda on PortState Control will begin a joint concentrated inspection campaign with the purpose to ensure compliance

Container shipping faces an incredible over supply of capacity that will reach record levels in two years.We have been over this subject so often, but it remains

Pirates posed as “authorities” to attack the oil tanker Brillante Virtuoso off the coast of Yemen earlier this month, the vessel’s owner said.Gunmen boarded and took control

Traditionally, MAN Diesel & Turbo K98-type engines have been used as prime movers by 8,000-10,000 teu capacity container vessels. Following efficiency optimisation trends

Europe’s proposal to force shipping fleets to cut emissions of sulphur-dioxide gas will only add painful costs to an industry already in tight straights. But tough rules on sulphur,

Rates for panamax dry bulk carriers on key Asian freight routes are expected to rebound slightly over the next week as intra-Asia coal activity drives a short-term recovery.

The Nigeria oil and gas sector which is the main stay of the economy requires huge shipping and logistics services for its smooth operation. Oil tankers transport some 1,800 million

Is the Libyan war claiming casualties as far away as the Indian Ocean, the Arabian Sea, and the Gulf of Aden? That is the implication of this week’s report from the International Maritime Organization,

A small article in Wall Street Journal brings back memories.In the article, John Coustas, CEO of container operator Danaos Corporation, reflects on the things that went wrong.

Residual-fuel inventories in Singapore, Asia’s biggest oil-trading and storage center, climbed 12 percent to the highest in three weeks, according to a unit of the Ministry of Trade and Industry.

Hyundai Steel , South Korea's second-biggest steelmaker after POSCO, said on Thursday that it expected to secure orders from three to four Japanese shipbuilders in the second half.