News

Maritime piracy, according to the United Nations Convention on the Law of the Sea (UNCLOS) of 1982, consists of any criminal acts of violence, detention, rape, or depredation

The May 2011 final investment decision (FID) by Shell to proceed with its Prelude project in deep water 200km from the northwestern coast of Australia represents a key milestone in the development of the offshore LNG industry. The subsequent contract for the LNG

Pirate attacks on the world’s seas totalled 266 in the first six months of 2011, up from 196 incidents in the same period last year, the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) Piracy Reporting Centre (PRC) revealed today.

Rates for oil tankers on key Asian freight routes are seen steady to lower over the next week as freight demand declines due to IEA's stock release and slower bookings

Chinese shipping giant Cosco Shipping will spend $12 million on armed guards and other measures to protect its ships, a report said Thursday, after the UN warned

Iran, which until recently imported middle distillates from Singapore, is reported to be moving a gasoil cargo to the Southeast Asian city state, shipping sources and shipping fixtures showed Wednesday.

The MARLIN series is a major leap forward for the container feeder section. The design marks a new era in the container industry’s standard for

Overcapacity and slowing demand on the trans-Pacific spurred CMA CGM, Maersk Line and Mediterranean Shipping Co. to postpone the launch of a third string in their

An agreement has been signed with the Brodosplit shipyard in Split, Croatia, for the construction of a top segment heavy lift vessel. The construction of this new generation

Finnish dynamic positioning systems manufacturer Navis Engineering has launched a Chinese language version of its NavDP4000 dynamic positioning system graphic user interface (GUI).

Triple Point Technology, the leading global provider of software to manage commodities and enterprise risk, announced yesterday that Pacific Carriers Limited,

Maersk Line is pleased to announce the launch of the Rumba service, creating a unique, direct link between India, Middle East, Mediterranean and East Coast South America.

DHT Holdings, Inc. yesterday announced: Highlights -- The Company declared a cash dividend of $0.10 per share for the quarter payable on August 4,

SolFocus has unveiled its new concentrator photovoltaic (CPV) solution, SF-1136SX.

Tata BP Solar India has installed and commissioned a 1MW solar plant in Tamil Nadu, India, which will supply power to the grid lines of the Tamil Nadu Electricity Board for a 25-year period.

Global oil demand will grow less than previously forecast this year and in 2012 due to a more moderate economic recovery and higher fuel prices, the top U.S. energy forecasting agency said.

The Nam Trieu Shipbuilding Industry Corporation (Nasico) under the Vietnam Shipbuilding Industry Group (Vinashin) on inked a contract on the building of two ships,

A strong order book, improving balance sheet and steady business outlook make ABG Shipyard's sailing sustainable in the near future. The company has recently won two navy contracts,

Japan's crude and fuel oil demand this summer may increase more than expected due to uncertainty over the restart of nuclear reactors, even as reconstruction gathers pace,

That sound you just heard was the energy market collectively shrugging off the international effort aimed at preventing crude oil prices from overheating and derailing the global recovery.