News

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.

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