News

If there’s one group of people happy at China’s slowing economic growth it’s likely to be refiners in Asia, who continue to benefit from strong margins as Chinese competitors limit fuel exports.

When operators of Alliance refinery began efforts to shed the Louisiana facility in December, it became the latest in a string of U.S. refineries put on the block.

EU refineries are not investing fast enough to shift the balance to diesel production as the U.S. appetite to mop up surplus gasoline starts to wane, a draft Commission document seen by Reuters said.

With oil refining margins seemingly strong, why are refineries not moving to cash in on the bounty? The answer lies in the forward structure of the gasoline market.

PSV ‘Blue Prosper’ went straight into service offshore Scotland after it was delivered from Ulstein Verft on Thursday 6 September.

The state of the cruise shipping industry at a time of significant economic growth in Asia is the agenda set by the organisers of the upcoming inaugural Asia Cruise Forum 2013.

USNS Choctaw County (JHSV 2), the second of the Navy’s new joint high-speed vessels (JHSV) designed for rapid intra-theater transport

Four young Qataris have become the first sea cadets to sign up for Nakilat’s Marine Cadet Program, making history for

Starting from September 26, 2012, ocean-going vessels (OGVs) will be eligible for a 50 percent reduction in port facility

Höegh Autoliners has entered into 12 year bare boat charters for two 6 500 car capacity Pure Car Truck Carriers (PCTC) to be delivered in 2014.

The surge in pirate attacks have prompted fast pace development of private security firms which had proven to be an efficient

Mitsui O.S.K. Lines, Ltd. today announced that the company received the “Best Performing Container Liner Shipping Company” award sponsored by Eigen Verladers Organisatie (EVO) of the Netherlands.

Due to continuing international growth, the Korean Register of Shipping – an IACS member classification society – has opened a new global headquarters building

Fr. Lürssen Werft announces that it wants to make it very clear that no agreement has been made with Drydocks

The French government is open to explore shale gas extraction in France, French daily le Figaro reports Wednesday, a few days ahead of a government-led conference on the country's energy mix.

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has completed Berangan-1 well in SB303 Block, offshore Sabah, Malaysia, as a gas discovery.

Dramatic growth expected in natural gas demand over the next 30 years will be propelled largely by the electricity sector, Paul Greenwood, ExxonMobil's Americas gas marketing manager, told the LDC Mid-Continent Gas Forum Tuesday.

South Korean President Lee Myung-bak is visiting Norway with an aim of establishing new shipping routes over the Arctic

IMO Secretary-General Koji Sekimizu has called on governments and the shipping industry to take prompt and decisive action on a number of key issues.

Bangladeshi Shipyard Western Marine has successfully laid the keel for a Germanischer Lloyd classed (GL) tug boat under construction for the Chittagong Port Authority.