News

KS Energy Limited announced today that its wholly-owned subsidiary, Atlantic Rotterdam Limited, has secured a 1 plus 1 year bareboat charter contract worth up to

Today, at a signing ceremony in Tokyo, Japan, Maersk Line exercised its option with Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build an additional 10 Triple-E ships, the world’s largest and most efficient container vessels.

Mitsui O.S.K. Lines, Ltd. today announced a decision to order two containerships (8,600 TEU) from Mitsubishi Heavy Industries, Ltd., with delivery slated for 2013. Along with eight 8,100 TEU ships already in operation, the new vessels will be deployed to Asia-Europe routes.

Perisai Petroleum TeknologiBhd, an oil and gas services provider, wants to expand its vessel chartering business to grow earnings.Its shareholders yesterday approved a deal to

Investors with a two-year plus perspective can consider buying the shares of The Great Eastern Shipping Company (GESCO), the country's largest private sector shipper.

Last Month, 2011, Jumbo Shipping delivered a 71-metre-tall and 29-metre-wide container crane to the Port of Sète (France) for its client Eurocrane. Weighing close to 1,200 tonnes

Stressing the fact that 90 per cent of world trade is carried by sea, he lauded the silent but pivotal role played by 1.5 million seafarers across the world.He expressed happiness

After the Hong Kong shipping industry complained about insufficient government attention, the development of the sector has been included in the 12th Five-Year Plan of the central government.

Horizon Lines, Inc. (NYSE:HRZ - News) yesterday announced that it has reached an agreement with its bank group to amend its credit facility. The amendment relaxes compliance

Tidewater Inc. (NYSE:TDW - News) announced yesterday that it is not affiliated with and has no relationship of any kind with Tidewater Middle East Co. (or any of its affiliates)

Continuity in the manpower overseeing any complex technical equipment is important, as anyone who has had responsibility for the maintenance of a ship knows full well. It is not easy, with some of the liberal crewing regimes that are necessary to attract people to stay

Over the last two centuries, the use of military force at sea has become largely the preserve of states. The legal basis under which modern-day cargo ships -- with their often

Minister of Transportation and Infrastructure Blair Lekstrom was in town to tour various port facilities, and says he sees nothing but positive in Prince Rupert’s future.

Seventy-nine ships, laden with various items, are expected to sail into the Lagos ports between June 22 and July 15. This was contained in the shipping position made available

The port area, which now covers 7.26 square kilometers, handled goods worth $20.2 billion last year. The Yantai Bonded Port Area in East China's Shandong province is now

Pakistan's upstream companies drilled only 42 wells in the fiscal year to June 30 due to issues with security and a persisting "circular debt" problem, a Ministry of Petroleum official said Friday.

Hallin Marine, a Superior Energy Services company, announces the award of its latest subsea pipeline repair project off the African west coast. Working on behalf of a major oil company,

Area experts say that the decision to release oil reserves could send area gas prices, which al¬ready have dropped 40 cents since May 5, plum¬meting as much as another 60 cents -- or it could do nothing at all.

Asian nations moved to release emergency oil stockpiles on Friday as part of a rare global coordinated action by consumer countries to prevent high energy prices

Light Sweet Crude The CL contract fell apart as it was announced that several countries were set to release oil reserves into the markets over the next 60 days. This extra 2 million barrels a day should help alleviate price for the short-term. However, there are many