News

Vietnam's state-owned shipping firm Vinalines has commenced building a ship repair factory in the country's southern Tan Thanh district in Ba Ria-Vung Tau province. The $314m facility boosts

The phrase, “It seemed like a good idea at the time,” seems to be associated with a lot of miscues. We would not have industry and economic cycles without it. How so?

Following the orders for previous series of RST design tankers, all built in Russia and Turkey, MarFlex, the marine industry’s leading designer and producer of electric driven

Visual Network Systems, a leading provider of application and network performance management solutions for IT organizations, today announced the Mediterranean

Qatar Navigation Q.S.C. announced the financial results for the first half of 2011, which ended on June 30. The financial results showed that the operating revenues of QR1.1bn vs.

Ansar Burney, Chairman of the Ansar Burney Trust International and Pakistan’s former federal minister for human rights, will reach Dubai tomorrow (Tuesday) evening to meet

Taking advantage of a weak regulatory authority, unscrupulous manpower agents have turned seafarer recruitment into a lucrative business of human trafficking,

The Baltic Exchange's main sea freight index , which tracks rates to ship dry commodities, fell for the 12th straight session on Monday as rates for capesizes remained

Electric utility Kansai Electric Power Co said it will close the 870MW No. 4 reactor at its Takahama station in Japan today.

Sarawak Energy will sell about 230MW of electricity to West Kalimantan, Indonesia, by mid-2014.

Hyundai Steel Co., South Korea’s second-largest steelmaker by sales, said Thursday that it expects to win orders in the second half of the year to supply thick steel

Jinling Shipyard in Nanjing, China, launched four big ships in the space of five days starting from June 18 and 22 June, bringing the total number of ships launched by the shipyard

The production of petroleum products during May 2011 witnessed negative growth of 2.11 percent as compared to the same month of the last year.

China National Petroleum Corp, known as CNPC, yesterday started crude oil production from the Al Ahdab oil field in central Iraq, Iraqi oil officials said.

China's refineries recorded a net loss of Yuan 17 billion ($2.6 billion) in the first five months of this year, 9.5 times more than the year-ago period due to surging crude feedstock prices,

Iran will sign a $10 billion contract tomorrow to export natural gas to Iraq and Syria, the Oil Ministry said on its news website, citing remarks yesterday by Javad Owji,

China saw its output of natural gas increase 7% year on year to 50.5 billion cubic meters in the first half of this year, said the National Development and Reform Commission in a statement published on its website.

Norway’s Star Reefers swung to an $11.3 million second quarter net loss from a year-earlier profit of $3.8 million, as spot market rates fell, fuel costs rose and container carriers

Singapore-based container carrier APL will impose a peak-season surcharge on all cargo shipped from Asia and the Middle East to the United States and Canada, starting Aug. 1.

Listed shipping firm Keppel Philippines Marine Inc. (KPMI) will voluntarily delist its shares from the Philippine Stock Exchange (PSE) by the end of October this year after failing