News

Tata BP Solar India has installed and commissioned a 1MW solar plant in Tamil Nadu, India, which will supply power to the grid lines of the Tamil Nadu Electricity Board for a 25-year period.

Global oil demand will grow less than previously forecast this year and in 2012 due to a more moderate economic recovery and higher fuel prices, the top U.S. energy forecasting agency said.

The Nam Trieu Shipbuilding Industry Corporation (Nasico) under the Vietnam Shipbuilding Industry Group (Vinashin) on inked a contract on the building of two ships,

A strong order book, improving balance sheet and steady business outlook make ABG Shipyard's sailing sustainable in the near future. The company has recently won two navy contracts,

Japan's crude and fuel oil demand this summer may increase more than expected due to uncertainty over the restart of nuclear reactors, even as reconstruction gathers pace,

That sound you just heard was the energy market collectively shrugging off the international effort aimed at preventing crude oil prices from overheating and derailing the global recovery.

Ecuador expects to conclude negotiations in the second half of the year on the liquidation of contracts of oil companies that left the country after failing to reach

Colombia is positioned to double its oil production levels by 2014, identifying it as one of Latin America’s most promising investment opportunities, says Alex Duffy,

On behalf of its co-venturers BP is pleased to announce an agreement to progress a major re-development of the Schiehallion and Loyal oil fields to the west of the Shetland Islands.

Russian oil majors Rosneft and LUKOIL are in talks to buy two Belarus refineries, Russian news agencies quoted the prime minister of Belarus as saying.Belarus, hit by spiralling

China’s daily oil-processing volume in June fell to the lowest in nine months after refiners shut units for maintenance.Processing dropped 0.7 percent, the first decline since

Russian oil companies will put up to 2 million tonnes of oil products into reserves for future use in market interventions to fight off price rises and fuel shortages,

The Gillard government will impose its carbon tax on foreign ships operating along Australia's coastline, a move miners fear intensifies Canberra's crackdown on cheaper

Baltic Fuel Company (BFC, St. Petersburg, Russia) has made a bargain on purchase of four river tugs of the same type.Tugs of 2400 h.p. capacity each are intended

NYK conducted a mock crisis-response press conference on July 12 based on a scenario that had the NYK bulk carrier Frontier Discovery colliding with a leisure fishing boat.

Failure of Nigerian banks to grant loans to operators in the maritime industry has been identified as a major factor, crippling investments in the capital-intensive sector.

In response to unfavourable trading conditions, Hamburg Süd will rationalise its services between North Europe and the Eastern Mediterranean. From the first week of August onwards,

The Containership Company's bankruptcy trustee is seeking $25 million in liquidated damages from approximately 80 shippers who failed to fulfill their cargo commitments

In view of the economic contributions of seafarers in trade facilitation between nations, Amaka Anagor who witnessed the maiden edition of United Nations

After the critical shortages of containers of last year, production has picked up again, but high container prices and a tight ratio of containers to vessel slots will continue to constrain the availability of boxes, according to the Container Census – Annual Survey and