News

E.ON Climate & Renewables and MPI-Vroon have today signed a 6 year charter for the MPI Discovery, a specialist vessel used in the construction of offshore wind farms.

Vice President of Peru Luis Giampietri Rohas met with ClassNK Chairman and President Noboru Ueda at the ClassNK Head Office in Tokyo on June 24. Mr. Giampietri’s visit

Four insiders of tanker company Overseas Shipholding Group Inc. (NYSE:OSG) purchased a total of $10.4 million in shares recently as the stock dropped to a two-year low.

Lloyd’s Register Americas, Inc. has moved its Houston-area operations to a new regional headquarters to capitalise on the growing opportunities arising from the new regulatory

On 24 June 2011 the Board of Directors of OAO Sovcomflot reviewed and approved the Company’s Development Strategy to 2017.The strategy, in particular, envisages:

Nigerian Maritime Administration and Safety Agency (Nimasa) has instructed all oil companies in Nigeria, mainly those in off-shore areas to deploy the services

Piracy on then high sea is continuing unchecked. Cargo vessels and oil tankers are generally targeted for hijacking by pirates because of their slow speed, less number of crew

Dissident minority shareholders of Thoresen Thai Agencies (TTA) have vowed to continue their pressure on the shipping company to hold an extraordinary general

IRS is an organization committed to promoting safety, security and environment protection, primarily in the marine industry, says Managing Director Said Nassif.

The UAE has invited specialist naval forces from South Korea to provide counter-piracy training as part of efforts to boost its defences against the growing high-seas threat.

The cost of hiring ships to haul liquefied natural gas may exceed $100,000 a day for the first time since 2003 as Japanese demand for the fuel expands, according to Arctic Securities ASA.

TORM has in line with its strategy followed a plan for strengthening the financial position of the Company. As part of this plan USD 630m will now be made available for

Norwegian energy firm Statoil has booked a Very Large Crude Carrier to store oil offshore in the U.S. Gulf of Mexico, the first such fixture for several weeks, shipbrokers said on Tuesday.

ACM Shipping Group plc (AIM:ACMG), a leading international shipbroker, yesterday announces its preliminary results for the year ended 31 March 2011.

Ocean carriers are unlikely to achieve planned freight rate hikes on the Asia-Europe route this week because they have failed to rein in excess capacity, according to Alphaliner.

Mr. Koji Sekimizu of Japan has been elected as the Secretary-General of the International Maritime Organization (IMO), with effect from 1 January 2012, for an initial term of four years.

The U.S. may ship the most beef ever in 2011, after doubling its share of the world market in four years, as demand from Asia revives a $3.84 billion export industry decimated by mad-cow disease.

Maersk Line, which today exercised an option for 10 new container ships which can each carry 18,000 20-foot containers, said it probably won’t use the last

Mitsui O.S.K. Lines, Ltd. yesterday announced that “FineBallast® OZ,” an ozone-based ballast water treatment system co-developed by MOL, MOL Marine Consulting, Ltd.,

Kuwait Energy Company, one of the fastest growing independent oil and gas companies in the Middle East, yesterday announced financial and operational results