News

“A billion gross tonnes of shipping” has a nice ring to it. It presents the industry as a business of substance, with its 85,000 ships worth almost $1 trillion. So the news that on 1st July 2011 the world merchant fleet passed this important milestone deserves a little

The first sale of crude oil from the U.S. Strategic Petroleum Reserve since Hurricane Katrina may curb demand on the tanker industry’s biggest trade route and drive

Green Marine received the prestigious Sustainable Shipping Award for Green Shipping Initiative of the Year for 2011 at the gala presentations held yesterday evening

The government is investigating measures which could allow shipping firms to employ armed guards to deter pirates off the coast of Somalia and in the Indian Ocean,

The owning partners in product tanker joint venture Megacore Shipping have decided to dissolve the company.According to media reports, Omega Navigation Enterprises

The UK is preparing to give formal legal backing to the use of private armed guards on British merchant vessels to protect against piracy.At present, the government

multinational naval cooperation.Defence Minister Datuk Seri Ahmad Zahid Hamidi said the success is down to ongoing training between littoral states and tight security in

The Great Eastern Shipping Company has taken delivery of a newly built supramax of 57,000 dwt. The dry bulk carrier Jag Rani, built at Cosco (Zhoushan) Shipyard in China,

The Maritime and Coastguard Agency (MCA) has announced that it has submitted an information paper to the International Maritime Organization's Marine Environmental Protection Committee, on behalf of the UK Government, that shows possible average fuel and emissions savings of 9.1% when Fluoropolymer Foul Release (FFR) technology is used

No pirate attacks have been recorded in the Straits of Malacca as at June this year due to enhanced cooperation between the countries in monitoring ships, said Defence Minister Datuk Seri Zahid Hamidi.

In the course of the next six months, we will decide where to build our six new icebreakers, Russian Deputy Prime Minister Sergei Ivanov says.Speaking at this week’s meeting

PetroChina's Sulige gas field, China's largest onshore gas field, is expected produce 13.5 billion cubic meters of natural gas this year, 27% more than in 2010, said China National Petroleum Corp in a statement

Reliance Industries Ltd. (RIL) may lift natural gas output at India’s biggest deposit after two years as it awaits ships that will connect deepwater wells drilled this year to pipelines, a person with knowledge of the matter said.

While predicting that US natural gas prices will reach $6/MMBtu by 2015, Goldman Sachs analysts projected they will average about $4.25/MMBtu in the near term as

2012 looks set to be the biggest year for containership newbuilding deliveries in history, in terms of TEU capacity entering the cellular fleet. According to Braemar Seascope's latest Containership Fleet Statistics, boxship deliveries in 2012 are expected to reach 1.55m TEU - beating the previous record of 1.52m TEU achieved during 2007.

The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, turned negative on Friday as cargo demand on the larger capesize vessels slowed after active bookings earlier this week.

ClassNK Chairman and President Noboru Ueda called upon the International Association of Classification Societies (IACS) to play an expanded role in the future as he stepped

Rotterdam-based Green Award is developing certification specifically aimed at the chemical tanker sector.This move follows the launch of certification programmes

Ransoms paid to Somali pirates to free merchant vessels are ending up in the hands of Islamist militants, laying shipping groups open to accusations of breaching international sanctions, U.N. officials told Reuters.

Bermuda-based Teekay Corporation has announced it has signed a memorandum of understanding (MOU) with A2SEA A/S to jointly develop an vessel design for the installation of offshore wind foundations.