News

Russia's largest oil firm Rosneft on Friday said net profits for the second quarter rose 10.8 percent from the same period a year earlier to $2.83 billion, on high crude oil prices and increased output.

The country's leading shipbuilder today handed over four ships to its buyers from home and abroad through a formal delivery function at the Chittagong Port.

Foss Maritime Company has surpassed one full year without incurring a lost time injury. For Foss' marine operations, it has been two million man-hours and nearly a year and a half,

Two ice-class oceangoing vessels made by local firm Western Marine Shipyard have been handed over to their German importer. Shipping minister Shahjahan Khan

Scrapping of panamax dry bulk vessels is on course to hit an all-time high this year as the sector faces growing pressure from a record number of new ships entering

Marco Polo Seatrade BV, a manager of funds, trusts and foundations, filed for bankruptcy court protection in New York. The Amsterdam-based company listed both assets

Concerns in the nation’s shipping industry are rising as companies see no end in sight for their struggles. The shipping industry had been doing well just last year,

A 17-day strike by workers at the South African units of oil companies including Royal Dutch Shell Plc (RDSA) and Petroliam Nasional Bhd. may be called off tomorrow after “positive”

Opec members Kuwait and Saudi Arabia have delayed bidding for onshore and offshore gas work contracts at the Hout oilfield until early September, industry sources said yesterday.

Malaysia's national energy company Petronas has made two significant gas discoveries in the shallow waters off the coast of Borneo island, potentially shoring up

Daewoo Shipbuilding & Marine Engineering Co. said Thursday that its second-quarter earnings fell 3.6 percent from a year earlier as it filled more orders for low-priced ships that

The ship breaking industry is currently meeting 70% of the iron and steel requirements of the country, following revival of work at the Gaddani shipyard in Balochistan,

Japan's Kitanihon Shipbuilding has received an order from an unnamed Taiwanese shipowner, which specialises in chemical tankers, to build two 28,000dwt bulkers.The company has not

Rensen-Driessen Shipbuilding B.V. receives a new building order for four lubricant oil tankers. 2x 600MT and 2x 1200MT. The tankers will operate in Port of Rotterdam.The company

Ukraine considers the development of its relations with Singapore as a priority direction in its foreign policy in the Asia-Pacific region and confirms its readiness for mutually

In July 2010, RS completed survey over construction of a new vessel for the carriage of irradiated nuclear fuel.The modern vessel Rossita with displacement equal to

Mitsui O.S.K. Lines, Ltd. yesterday announced upgrade of its CX1 feeder service between Panama and Manaus and the beginning of independent operation on the route.

China Merchants Energy Shipping (601872), an operator of tankers, bulk carriers and LNG carriers, recorded a 54.94 percent year-on-year fall in first half 2011 net profit

Participants to the International Maritime Organization (IMO)-sponsored five-day 2011 National Seminar and Workshop to the Standard Training Certification and Watchkeeping (STWC)

Asia’s clean-petroleum tankers market will likely stay supported by increasing naphtha demand in the coming week, while slow chartering activity continues to pressure crude tanker rates.