News

The International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) have agreed to federal

A Greek-owned tanker that was bombed by a Libyan military fighter plane January 4 while moored in the Port of Derna,

Plans to construct the EUR 500 million Sillamäe gas terminal in Estonia have been abandoned due to ongoing sanctions imposed by the European Union against Russia, as reported by Estonian daily Postimees.

Plans to attempt to refloat Hoegh Osaka today have been scrapped by the Svitzer salvor team following the completion of calculations last night, the UK Maritime and Coastguard Agency said in an update.

Copenhagen-headquartered dry bulk shipping company Clipper has teamed up with Genco Shipping & Trading Limited to form the Clipper

Strike at Chile’s San Antonio port entered its fourth day on Tuesday with dock workers refusing to unload ships of the port’s concessionary company Puerto Central, writes Chilean newspaper El Economista.

Workers at South Korean shipbuilder Hyundai Heavy Industries (HHI) voted down a tentative wage agreement with the company’s management on Wednesday.

With crude oil down to its lowest price in five years last week, all carriers stand to gain from lower fuel costs, but the competitive and over-supplied nature of the market

Stronger freight rates in the tanker market may bring about some positive trends for the first quarter of 2015, if lower oil prices can continue to generate higher demand for product tankers, BIMCO said.

The Hamburg-based short sea container carrier OPDR has started a new service from Sweden to Bilbao via Rotterdam, according to the Port of Rotterdam Authority.

Just over two weeks after announcing plans on considering merger opportunities, broker firm Maersk Broker decided to merge its operations with Danish counterpart Lightship Chartering.

South Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering (DSME) has secured an order for construction of six LNG carriers worth approximately USD 1.24 billion.

The U.S. Bureau of Ocean Energy Management (BOEM) has administratively increased the limit of liability for oil-spill related damages from USD 75 million to approximately USD 134 million for offshore oil and gas facilities.

Oslo-listed investment company Tanker Investments Ltd. has agreed to acquire six, modern Suezmax tankers for an en bloc purchase price of USD 315 million.

Worldscale rates for hiring VLCCs to haul crude from the Middle East to Far East Asia hit a nine-month high Tuesday, December 9, Platts writes citing shipping sources.

Bonny Gas Transport Ltd and Nigeria LNG Ltd. have taken steps before the court in New York to protect their vessel LNG Finima and other assets from arrest stemming from OW Bunker bankruptcy case.

This amazing photo presents you with one of Corwley’s tugs, named Chief, while working on the Sitcum Waterway. The photo was captured at the Port of Tacoma on December 4th.

All gates belonging to the new locks being added within the Panama Canal Expansion in the Pacific side have been transferred.

Japan’s shipping company Kawasaki Kisen Kaisha, Ltd. (“K” Line) has signed a long-term time charter contract for a new 164,700m3 Moss type LNG carrier with domestic utility company Chubu Electric Power Co.

China’s Qingdao Port has inked an agreement with Brazilian mining giant Vale to establish a sister-port relationship with Vale’s Ponta da Madeira Port in order to boost iron trade between the two terminals.