News

Godawari Power & Ispat has received project financing from the Bank of Baroda for the construction of a 50MW solar plant in Rajasthan, India.

AEP Ohio has partnered with Turning Point Solar to construct a 49.9MW commercial solar facility in Indiana, US.

It's a good piece of news that the country's shipbuilding industry has recently received orders for 40 oil tankers worth Tk 6.0 billion. This is the largest ever order won by local vessel makers, ushering in a new era for Bangladesh's nascent shipbuilding industry

Drydocks World has announced the successful launch of self elevating platform L210, from its dedicated rig building facility in Graha, Indonesia.The platform costing $24.6m is

The Board of Directors of ASL Marine Holdings Ltd. (the "Group" or "ASL Marine") is pleased to announce that its wholly-owned subsidiary ASL Shipyard Pte Ltd has secured

Mitsubishi Heavy Industries, Ltd. (MHI) has completed the modernization of the shipbuilding facility at the Enoura Plant of the company's Shimonoseki Shipyard

Delays building capesize commodity carriers that haul iron ore and coal fell to the lowest level in at least three years as record numbers of new vessels constructed in China joined the fleet on schedule.

Despite record crude oil liftings from the Middle East and anticipated demand growth of around 2% for 2011, there remains a persistent oversupply of VLCC tonnage, according to analysis by Braemar Shipping Services.However, it may come as some

Leading accountant and shipping adviser, Moore Stephens, has welcomed the UK government’s decision to issue consultation papers on statutory residence and the taxation of non-domiciliaries. But it warns that the UK shipping industry faces a growing threat from other jurisdictions.

Container lines are ignoring a drop in freight rates and bringing the highest proportion of the shipping fleet out of mothballs since 2008, when the global slump resulted in the industry's biggest losses.

Stolt-Nielsen Limited yesterday reported unaudited results for the second quarter ended May 31, 2011. Net profit attributable to shareholders in the second quarter was $32.4 million, with revenue of $528.0 million, compared with $31.2 million and $458.7 million, respectively, in the first quarter of 2011.

Bureau Veritas has certified Philippines-based manning agency Maryville Manila for compliance to the Maritime Labour Convention MLC2006 on a voluntary basis making it

The Baltic Exchange's main sea freight index , which tracks rates to ship dry commodities, rose for a third session on Thursday as gains on the larger capesizes bolstered cargo demand.

Genoa-based classification society RINA has been authorised by the US Coast Guard to conduct plan review and approval and initial and subsequent surveys for US-flagged

On 6 July 2011, as part of a customer event, Hamburg Süd christened the container ship “Santa Rita” in Sepetiba (Brazil). Sponsor of the “Santa Rita” was Hayfa Konrad,

ClassNK has released version 5.0 of its leading structural assessment software programs PrimeShip-HULL(Rules) and PrimeShip-HULL(DSA), which are used by shipyards

French ocean shipping company CMA CGM announced a series of rate increases and peak-season surcharges that will take effect on U.S. services this month and on other trades in August.

Clipper Group A/S, a closely-held shipping company, said a tax probe that has led to jail sentences and fines for 94 present and former employees has no impact on the company because it’s matter between the workers and Danish authorities.

Many oil tankers in Libya's state-owned fleet remain anchored and unable to trade as cash flow issues continue to bite, a company managing some of their vessels said on Wednesday. Crude oil shipments from Libya, once Africa's third largest producer, have been at a virtual standstill for months as leader Muammar Gaddafi

Seadrill Ltd, a global offshore drilling company, will spend US$54 million to acquire one-third of the shares in the offshore drilling unit of the SET-listed shipper Thoresen Thai Agencies Plc (TTA) in a private placement.