News

The Sri Lanka Ports Authority (SLPA) has secured a 700 million US dollar investment to build a ‘port city’ on land reclaimed on the capital’s seafront with the construction of a new harbour.

After an extensive selection process, involving discussions with a number of different shipyards, Tankers Inc. has today signed its first newbuilding contract for two LR1 vessels of 75,000 DWT each to be built by Dalian Shipbuilding Industry Co., Ltd. (“DSIC”), in the Liaoning province, China. In addition, Tankers Inc. retains an option to declare a further two LR1 newbuildings to be determined at a later stage.

US-headquartered ConocoPhillips plans to begin oil and gas exploration in two deepwater gas blocks offshore Bangladesh in the Bay of Bengal in October,

LUKOIL is discussing with Rosneft the possibility of joint development of oil deposits on the Black Sea and Caspian Sea shelfs, RIA Novosti reports quoting LUKOIL's head VagitAlekperov.

OSX Brasil S.A., a Brazilian corporation engaged in the equipment and services sector for the offshore oil and gas industry, by means of integrated operations in shipbuilding,

Agency says documents show party had in-depth knowledge of trade and shipping business.The ICC International Maritime Bureau (IMB), a specialized division

Deep Sea Supply yesterday took delivery of “Sea Badger”, a newbuilding AHTS from ABG Shipyard, India. “Sea Badger” is the 7th delivery in a series of 9

Belarus says it will sell its remaining stakes in its strategic natural gas pipelines to Russia's Gazprom for $2.5 billion.The deal will help the Kremlin-controlled gas giant secure

Officials at Canadian pipeline company Enbridge said they were exploring shipping options because of increased North American oil production.

Gasoil fell to a four month low on Thursday, tracking a sharp fall in crude prices after the International Energy Agency said it would release 60 million barrels of oil from its reserves.

Russia’s biggest shipping company Sovcomflot has signed agreements on the construction and leasing of LNG tankers both for the Yamal Peninsula and the Shtokman project.

Horizon Lines, Inc. (NYSE: HRZ), America's leading domestic ocean shipping company, has received recognition from the Chamber of Shipping of America (CSA) and

d'Amico International Shipping S.A. (MILAN: DIS), a leading international marine transportation company operating in the product tanker market, announces that itsfully

OOCL is delighted to announce that the shipbuilder of our 8,888 TEU vessel, OOCL Beijing, has won the “Shanghai Municipality’s First Class Award for Science and Technology Advancement”.

The Baltic Exchange's main sea freight index , which tracks rates to ship dry commodities, turned positive on Thursday helped by light iron ore cargo business

Safe Bulkers, Inc. (the "Company") (NYSE:SB - News), an international provider of marine drybulk transportation services, announced yesterday that it has been ranked "The Second Best Performing Shipping Company for the Year 2010" at the

Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ:SHIP - News) (NASDAQ:SHIP.W - News) announced yesterday that the Company's Board of Directors (the "Board") has determined to effect a 1-for-15 reverse split of the Company's

Denmark's new tanker firm Tankers Inc (TI) has contracted its first newbuildings in China. The company, set up in August 2010, booked two 75,000-dwt LR1 products tankers

Access to ships was one of the hot topics raised at the recent 56th Annual ISSA Convention & Trade Exhibition which, for the first time ever, was held at sea.

Nippon Yusen Kabushiki Kaisha , Oshima Shipbuilding Co. Ltd., Mitsubishi Heavy Industries Ltd., Akasaka Diesels Limited, and Sakai Chemical Industry Co., Ltd are to begin