News

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.

China, already the world's biggest shipbuilder, has moved into the top ranks of the business by winning its first overseas order for liquefied natural gas (LNG) carriers.

Prices of steel products, mainly that of mild steel (MS) rods are likely to soar in the country as the ship-breaking industry, the main source of the metal, is virtually out of operation for more than

Hyundai Heavy Industries Co Ltd on Wednesday posted a 10 percent annual fall in second-quarter operating profit as non-core businesses such as electric systems weighed on sales. The world's

China's Bohai Shipbuilding Heavy Industry will soon deliver its first mega bulk carrier to Berge Bulk, local media reported, a move that could put further pressure on the weak shipping sector grappling

Mitsui O.S.K. Lines, Ltd. yesterday announced that the company has donated six 20-foot reefer containers to the Soma-Futaba Fisheries Cooperative Association as part of its support activities

Showing maritime transparency will improve global perception, Ports Authority dir.-gen. says; Israel, Turkey first non-EU countries to sign deal. Talkbacks

The supply of oil tankers seeking 2 million-barrel cargoes of crude from Middle East ports expanded in the past week, according to a Bloomberg News survey of shipbrokers and owners.

Shanghai's Hudong-Zhonghua Shipbuilding has signed orders to build four liquefied natural gas (LNG) carriers worth about $1 billion from joint ventures of Japan's Mitsui OSK Lines (MOL),

Hyundai Heavy Industries Co, South Korea's leading shipbuilder, said that the value of its orders won in the first half of the year jumped 82% YoY due to increased demand for large and high

A study to build a new railway yard in the outskirts of the Dutch city of Rotterdam has been selected by the EU for co-financing under the 2010 TEN-T Annual Calls with a grant of almost €1.5 million,

Businessman Anatoli Kanayev-owned Estonian company Transiidikeskus AS plans to buy a terminal in the Riga Free Port to cope with growing cargo volumes, LETA/Äripäev.ee reports.

Keppel Shipyard Ltd's (Keppel Shipyard) conversion of the FPSO Aseng is on track to complete. The FPSO will be operated by Aseng Production Company Ltd, a joint venture by SBM Offshore

TEX reported that export negotiations on plates for shipbuilding for Korea has started for July to September 2011 quarter shipment since last month, but concrete negotiations are believed to start

Bahamian shipowners Campbell Shipping Ltd. signed an order with Tsuji Heavy Industries (Jiangsu) Co., Ltd. located at Zhang Jia Gang, China for two 37,000 dwt double-hull log fitted bulk carriers,