News

The traumatic bombing and shootings in Norway on July 22 claimed 77 innocent lives. Most of them were young people between 15 and 22 years of age. These horrific actions

Two reports were published this week that put the boot into container shipping line practices.The first to come out was on slow steaming and its effects on Asia pacific

Oman crude's official selling price rose in September for the first time in two months as the high price of oil from West Africa and Russia forced refiners to purchase more Middle Eastern grades.

Petróleo Brasileiro S.A. - Petrobras announces that it has completed drilling of the second extension well in Guará area, 3-SPS-82A (3-BRSA-923A-SPS), located in the Santos Basin pre-salt.

Venezuelan President Hugo Chávez explained that one of the factors taken into account by the Organization of the Petroleum Exporting Countries (OPEC) to set production

The US President, Mr Barack Obama, has said that the increasing demand of oil in countries like India and China is leading to the rise in oil prices.

Tokyo Gas Co. said that it is considering buying liquefied natural gas from the Atlantic market, seeking to pay less than gas from the Asia-Pacific region.

Energy analysts raised their 2011 natural gas price estimates for the first time in 10 quarters after early summer heat helped boost demand, according to a Reuters poll.

Russian refiners processed more crude in June than any month since the fall of the Soviet Union, Energy Ministry data showed, in order to maximise gasoline output and close a supply gap that has led to shortages.

Russia's largest oil firm Rosneft on Friday said net profits for the second quarter rose 10.8 percent from the same period a year earlier to $2.83 billion, on high crude oil prices and increased output.

The country's leading shipbuilder today handed over four ships to its buyers from home and abroad through a formal delivery function at the Chittagong Port.

Foss Maritime Company has surpassed one full year without incurring a lost time injury. For Foss' marine operations, it has been two million man-hours and nearly a year and a half,

Two ice-class oceangoing vessels made by local firm Western Marine Shipyard have been handed over to their German importer. Shipping minister Shahjahan Khan

Scrapping of panamax dry bulk vessels is on course to hit an all-time high this year as the sector faces growing pressure from a record number of new ships entering

Marco Polo Seatrade BV, a manager of funds, trusts and foundations, filed for bankruptcy court protection in New York. The Amsterdam-based company listed both assets

Concerns in the nation’s shipping industry are rising as companies see no end in sight for their struggles. The shipping industry had been doing well just last year,

A 17-day strike by workers at the South African units of oil companies including Royal Dutch Shell Plc (RDSA) and Petroliam Nasional Bhd. may be called off tomorrow after “positive”

Opec members Kuwait and Saudi Arabia have delayed bidding for onshore and offshore gas work contracts at the Hout oilfield until early September, industry sources said yesterday.

Malaysia's national energy company Petronas has made two significant gas discoveries in the shallow waters off the coast of Borneo island, potentially shoring up

Daewoo Shipbuilding & Marine Engineering Co. said Thursday that its second-quarter earnings fell 3.6 percent from a year earlier as it filled more orders for low-priced ships that