News

State-owned Shanghai Shipyard Co. Ltd. delivered the second of 10 bulk cargo ships Cuba has ordered in China, Granma reported. The 35,000-ton bulk carrier

Trade between India and Dubai is expanding at an unprecedented pace, and as one of the largest marine terminal operators in the region, DP World is a major facilitator and contributor to this growth.

Archer Daniels Midland Company​ has placed an order with Japan’s Sumitomo Corporation for the construction of three new post-Panamax dry-bulk

Diamond S Shipping announced today that it has completed the acquisition of 30 medium-range product tankers and related charters from Cido Shipping of Hong Kong.

Mitsubishi Heavy Industries, Ltd has developed a new bulk carrier which will enable reductions in CO2 emissions by about 25% compared

Maersk Tankers has purchased the following two large product tankers from TORM, pool partner in The LR2 Pool. The vessels are sister vessels to Maersk Tankers’ P-types, already trading in the pool.

Trai Thien USA today announced that, due to growing demand for the Company’s services, it has signed six long-term

At least two onshore oil blocks will be awarded to multinational firms for development on production sharing basis by the year-end, even as plans are afoot to re-tender offshore block 18

Danish Underground Consortium's (DUC) oil output from Denmark's part of the North Sea fell about 1.6 percent in September from the previous month, operator A.P. Moller-Maersk (MAERSKb.CO) said on Wednesday.

Global oil demand may be more robust than expected, even with a slowdown in economic growth in the United States and Europe, the chief economist of the International Energy Agency (IEA) said.

Moscow and Beijing are discussing increased deliveries of oil to feed the Tianjin refinery, a joint project between Russia's Rosneft oil company and China National Petroleum Corporation (CNPC),

The South Yolotan region of Turkmenistan is the second largest gas field in the world as per the audited figures unveiled by Gaffney, Cline & Associates.

The National Iranian Offshore Oil Company (NIOOC) plans to simultaneously develop six new gas fields in the Persian Gulf with the in-place gas reserves of 25.7 trillion cubic feet, a report says.

China plans to produce 6.5 billion cubic metres (bcm) of shale gas by 2015 and aims for 80 bcm by 2020, an official with top Chinese oil and gas producer China National Petroleum Corporation (CNPC)

In the Interim Management statement dated 11 May 2011, A.P. Møller - Mærsk A/S announced its intention to sell its LNG business as it wished to reallocate resources to strategic

Cheniere Energy Inc. (LNG)’s Sabine Pass terminal in Louisiana is scheduled to receive a cargo of liquefied natural gas Oct. 18, according to vessel tracking data compiled by Bloomberg.

Aker Solutions has been awarded contracts for the supply of Pusnes offshore loading systems for ten shuttle tankers that will operate in Brazil and Norway. The total contract value for Aker Solutions is approximately NOK 150 million.

Seismic operator Dolphin Geophysical renews the charter party regarding the seismic vessel “Polar Explorer” with 12 months, starting from January 2012.

Germany’s chief naval base during two world wars will be transformed into its only deepwater port as part of a 950 million-euro ($1.3 billion) plan to stop a new generation of container “superships” diverting to Rotterdam.

Russia is pledging to spend billions on icebreakers and search and rescue bases along the country’s Northern Sea route to help turn it into a major shipping lane capable of supporting tankers and cargo ships.