News

Tsakos Energy Navigation Ltd. yesterday announced the charter of the 105,000 dwt, DNA design Aframax tanker, Maria Princess, to a major Chinese oil concern for a twelve month period. This charter comes in line with the Company's pre-stated policy

Galvanic corrosion is an issue that has challenged U.S. warships since 1844, when the USS Michigan, the first iron-hulled Navy ship, entered service. Today, two common and robust solutions, impressed current cathodic protection systems and the use of strategically-placed sacrificial anodes, are in wide use throughout the world, particularly in ships where two different metals such as steel and aluminum are utilised in the one vessel.

Keppel FELS Limited (Keppel FELS) is on track to deliver ENSCO 8504, the fifth of seven ENSCO 8500 Series® ultra-deepwater semisubmersible drilling rigs being built exclusively for Ensco plc .

The first container ship arrived at the Port of Charleston in 1966. It was carrying the equivalent of 600 20-foot-long steel boxes loaded with an assortment of goods.

Dolphin Geophysical AS has signed a contract with Lundin Norway AS for the acquisition of more than 600 km2 of 3D seismic data in the Barents Sea. The survey will be acquired by the Artemis Arctic and is estimated to commence in early August.

Despite extensive opposition to Port Otago’s Next Generation Project, the company has been granted resource consent to dredge Otago Harbour and dispose of the soil at sea. The independent hearing panel, led by John Lumsden , has just released its decision approving the proposal.

Scheldepoort Repair & Conversion Yard in Vlissingen has signed a contract for the conversion of jack up drill rig “GFS Labrador” into an accommodation rig.

On 17 June 2011 at the St. Petersburg International Economic Forum, Sovcomflot – the largest operator of ice-class LNG tankers – signed a contract with Gazprom Global LNG Limited (GGLNG), a subsidiary of Gazprom, for the long-term time charter of two ultra-modern ice-class LNG-carriers. The long-term time charter provides for a minimum of 15 years’ employment for both vessels each of nearly 170,000 cubic meters cargo capacity.

Russia and France signed the procurement contract for two Mistral class assault landing ships at 15th Saint Petersburg International Economic Forum, reports RIA Novosti.

South Korean shipbuilding and shipping conglomerate the STX Group said Monday it has signed an initial deal to build a $1 billion shipyard in Russia.

The first batch of oil industry’s foreign exchange bonds for current Iraniancalendar year (started March 21), worth 2.7 billion euros, will be offered next week through branches of three domestic banks, managing directorof the National Iranian Oil Company (NIOC), Mr. Qalebaniannounced here on Tuesday.

Noble Energy Inc. has applied to the Ministry of National Infrastructures for a permit to bring a fourth offshore drilling rig to Israel to develop the North Noa natural gas field.

IN A world facing rising energy prices in the midst of the worst economic crisis since the Great Depression, any discovery of new oil and gas deposits is welcome as another

Interpol has issued a global search warrant for two former officials of Vietnam's troubled state-owned shipbuilder, state media said Sunday.The wanted pair are Ho Ngoc Tung,

The growth of piracy off the coast of Somalia from an occasional nuisance to shipping into a multi-million-dollar criminal enterprise has another, often deliberately overlooked cost:

Rates for panamax dry bulk carriers on key Asian freight routes are expected to rise next week, supported by strong trans-Pacific grain shipments and intra-Asia coal trade.

Thoresen Thai Agencies PCL ("TTA") took delivery of the M.V. Thor Fortune, a brand new Supramax class dry bulk vessel. The ship, which was built by Oshima Shipbuilding Co., Ltd.,

Kazmortransflot, the shipping arm of Kazakh state oil and gas company KazMunaiGas, plans to spend around $800 million renewing its fleet over the next eight years and may

Ciner Shipping Industry & Trading, a subsidiary within Ciner Group, one of Turkey’s fastest growing commerce, industry and service conglomerates, has secured

Danish shipping company Unifeeder, a private equity-owned firm seen as a candidate for a bourse listing, expects growth in volumes this year, though weak freight rates