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Scorpio Tankers’s Buy Rating Reaffirmed at Jefferies Group

24/04/2014
Jefferies Group reissued their buy rating on shares of Scorpio Tankers in a research note released this

Imtech Marine extends VSAT coverage above Europe

24/04/2014
Imtech Marine has expanded its Global Ku-band VSAT network with additional coverage above Europe.

All at sea: global shipping fleet exposed to hacking threat

24/04/2014
The next hacker playground: the open seas - and the oil tankers and container vessels that ship 90

Chinese court releases Japanese cargo ship

24/04/2014
China has released a Japanese cargo ship it seized over a war-time debt after compensation was paid, a

Relief for crew of detained scandal ship

24/04/2014
The ITF (International Transport Workers’ Federation) is able to report progress in the case of the filthy and unsafe vessel Munzur, which is detained in Fowey in

Farstad Shipping ASA : Charter Agreements

24/04/2014
Farstad Shipping ASA has been awarded the following charter contracts:

Total E&P South Africa has awarded the PSV Far Spica (2013, PSV 08 CD, 4.000 DWT) a 4

Safe haven for Maritime Maisie after 100-day ordeal

24/04/2014
After almost 100 days at sea following a severe collision and fire, the chemical tanker Maritime Maisie, owned by Singapore based MSI

Eni to Start Bids for FLNG Vessel

24/04/2014
Italian major, Eni SpA 's ( E ) share price rose by 0.3% on the news that it is preparing to issue bid documents relating to a multi-billion-dollar floating liquefied natural gas

Mercator narrows full year loss

24/04/2014
Mercator Lines (Singapore) has slashed its full year losses on higher margins amid the challenging dry bulk shipping market. Net loss for the financial year ended 31 March 2014 was

Private equity's role in a distressed shipping market

24/04/2014
Private equity (PE) is an asset class consisting of equity investment in companies that are not publicly traded on a stock exchange. With the decline in industrial and consumer demand following the worldwide economic pullback beginning in 2008, the shipping industry, still working through oversupply six years later, is an obvious target. For some ship owners, PE is hailed as

Feature: Slot machines of the sea: jackpots and crackpots

24/04/2014
In the casino where ship owners are often said to be found throwing away their money are the slot machines otherwise known as containerships. Money is poured into them but very little seems to come out until a jackpot brings the gamblers back for more. Anticipating another jackpot, even more money –in the form of orders for bigger and better machines

Mediterranean Handysize dirty tanker freight rates at 4-month low on lack of inquiries

24/04/2014
Handysize freight rates for dirty tankers on the Black Sea-Mediterranean and Cross-Mediterranean routes, basis

Buenos Aires-Montevideo HSFO spread widest in four months: Platts data

24/04/2014
The spread between high sulfur bunker fuel prices in Buenos Aires and the competing port of Montevideo, Uruguay,

RINA launches Efficient Ship notation

24/04/2014
International classification society RINA has launched a new voluntary notation to clearly identify new ship designs which meet eco-ship criteria. The Efficient Ship

Innovative maritime risk rating helping to make shipping safer

24/04/2014
An innovative maritime risk rating system is claimed to be helping to make commercial shipping safer than ever by placing data at

2002 Passenger ship liability and compensation treaty enters into force

24/04/2014
The Athens Convention relating to the Carriage of Passengers and their Luggage by Sea, 2002, which

Asia Fuel Oil-Viscosity spread widens to more than 3-month high

24/04/2014
The viscosity spread, or price difference between the 180-cst and 380-cst derivatives, rose to a more than three-month high

Russia's Yamal LNG chooses gas carriers – report

24/04/2014
The Yamal LNG project in Russia's Arctic has chosen Russian Sovkomflot, Japan's Mitsui OSK and Canada's Teekay LNG to build gas carriers

After splashy debut, the Cleveland-Europe Express may add another ship

24/04/2014
Even before longshoremen finished loading the Fortunagracht with cargo bound for Europe, representatives of

PIL, NileDutch to start Far East-West Africa service

24/04/2014
Singapore’s Pacific International Lines (PIL) and NileDutch have agreed to jointly launch a weekly service between
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