News

The Baltic Exchange's main sea freight index , which tracks rates to ship dry commodities, fell for a third straight session on Tuesday, driven mainly by weaker capesize rates.

Although the demand for shipping services is likely to remain solid in 2011, underpinned by positive trends in world trade, the outlook for the industry over the next 12-18 months

The top 20 ocean container carriers boosted their combined world market share to a record 84 percent in July, according to Alphaliner.But the industry remains

As of the end of the 11th Five-Year Plan, China ranked third worldwide in terms of cargo ships with a total of 178,000.During the 11th Five-Year Plan, China's status

Essar Shipping Ltd., controlled by billionaire Ruia brothers, plans to add as many as a dozen second-hand supertankers to benefit from Indian refiners’ rising need

With major changes to the International Convention on Standards of Training, Certification and Watchkeeping (STCW) for Seafarers and Code imminently coming into force,

Brazilian mining firm Vale SA has received its first Chinese-built mega bulk carrier, swelling what will be an unprecedented fleet linking the world's biggest

Global container volume will rise during the second half of this year but weak inventory restocking will produce a summer-fall peak season “unlikely to inspire” higher rates,

Ms Linda (Lindy) Johnson of the United States of America has been posthumously awarded the prestigious International Maritime Prize, for her significant contribution

The U.S., the world’s biggest market for chocolate, is importing the most West African cocoa in three years as disease and taxes curb Indonesian supply,

Owners of the two Turkish power ships, which are providing 232MW of electricity to the national grid from Ibrahim Hyderi Jetty, have acquired an oil tanker to ensure smooth

Research and Markets has announced the addition of the "South Korea Shipping Report Q3 2011" report to their offering. BMI continues to predict a reasonably good year

AES-VCM Mong Duong Power will construct a $1.95bn coal-fired plant on a build-operate-transfer basis in Quang Ninh, Vietnam.

Scientists from British Antarctic Survey have discovered previously unknown volcanoes in the ocean waters around the remote South Sandwich Islands. Using ship-borne sea-floor mapping technology during research cruises onboard the RRS James Clark Ross, the scientists found 12 volcanoes beneath the sea surface — some up to 3km high. They found 5km diamete

Premier Oil Norge AS has received consent to carry out exploration drilling of well 9/1-1S in the North Sea with the Bredford Dolphin mobile facility. The well will be drilled in production licence 406, with Premier Norge AS as the operator

France opened a 10 billion-euro ($14 billion) bidding program to build five wind farms at sea as it seeks to get 23 percent of its energy from renewable sources by 2020. The government opened the first round of bidding for the five zones which will have a maximum capacity of 3 gigawatts of offshore wind power. This first phase of bidding will support more than 10,000 jobs, Energy Minister Eric Besson said in a statement today.

ConocoPhillips Skandinavia AS has received consent to use the mobile living quarters facility COSLRigmar at Eldfisk 2/7 FTP. The consent relates to the period from 1 June 2011 to 1 July 2015.

Maersk Line wins its second Sustainable Shipping Operator of the Year Award. The award, presented by Sustainable Shipping at an awards ceremony in London on July 7, was given to Maersk Line in recognition of its investments in sustainable growth, CO2 reduction and advancement in creating industry transparency.

Kelson Energy has signed a definitive agreement to sell its Magnolia combined cycle gas (CCG) plant in Mississippi, US, to Tennessee Valley Authority for an undisclosed sum.

The US Department of Energy has offered a loan commitment worth several billion dollars for the construction of three solar plants in California, US.