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Middle East Crude Oil-Tanker Rates Slump as Ship Surplus Expands

21/05/2013
Charter rates for the largest oil tankers hauling Middle East crude to Asia slumped for a fourth session as the surplus of available ships for

Clean transatlantic tanker rates hit by ship surplus

21/05/2013
Clean tanker rates for refined petroleum products on top export routes were softer on Monday in slower trade with a build up of vessels putting more pressure on the transatlantic

Dry-Bulk Shipping Seen Rebounding as Fleet’s Growth Slows Down

21/05/2013
Rates to transport dry-bulk commodities by sea will recover from unsustainable levels as fleet growth slows and demand advances on Asian

Cross-Med handysize freight rate hits seven-month low on weak demand

21/05/2013
The cross-Mediterranean dirty freight rate for 30,000 mt cargoes fell to its lowest in over seven months, as weak demand

Wilbur Ross Plans Ship Investments With 2014 Recovery in Sight

21/05/2013
Wilbur Ross, the billionaire founder of WL Ross & Co., said he intends to add to his shipping investments as slowing growth of the merchant

Mercator: shipping business drags down numbers

21/05/2013
The miserable performance of the shipping business and interest costs took a toll on the March quarter financial performance of Mercator

DIS Announces the sale of the MR vessels High Spirit and High Challege

21/05/2013
d'Amico International Shipping S.A. (Borsa Italiana: DIS), a leading international marine transportation company operating in the product

Gibdock sets seismic trend

21/05/2013
Gibdock has completed a refit of the seismic vessel WG Cook for WesternGeco, reflecting the yard’s growing ability to attract return customers in the specialised

ISS warns of increase in Australian Carbon Tax

21/05/2013
Maritime services provider Inchcape Shipping Services (ISS) has warned of an increase in Australian Carbon Tax on vessels from 1st July 2013. Bunker duty and

BSL Announces International Shipping Services from USA to Shanghai

21/05/2013
Bluesea Shipping Lines provides proficient shipping services to Shanghai from USA. Shanghai is the most

The offshore sector has "got legs"

21/05/2013
In early May, people from all facets of the energy services business descend on Houston for the Offshore

Bahri Recognized as One of the Top Arab Companies

21/05/2013
The National Shipping Company of Saudi Arabia (Bahri) is awarded as one of the top companies in the Arab

Nippon Yusen Soars as LPG Rates Rise Most on Record

21/05/2013
Nippon Yusen K.K. (9101), the world’s largest publicly traded operator of liquefied petroleum gas ships, surged

Commerzbank to Buy Ships From Debtors in Restructuring Effort

20/05/2013
Commerzbank AG (CBK), Germany’s second-biggest bank, plans to buy and run ships from its borrowers as part of an effort to restructure its

MARPOL Annex V amendments re bulk cargo wash water discharge at sea

20/05/2013
The discharge of non-recoverable cargo or cleaning agents contained in hold wash water is

GE Shipping contracts to sell a Handymax dry bulk carrier "Jag Ravi"

20/05/2013
The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell "Jag Ravi", a Handymax dry bulk carrier. The 1997 built

India: Steel firms can charter ships directly for imports now

20/05/2013
The Cabinet approved the proposal to allow Steel Authority of India (SAIL) and Rashtriya Ispat Nigam Limited (RINL) to undertake direct

Shipping investment focuses on gas

20/05/2013
Gas carriers cornered the largest chunk of global shipping investment last year since 2005, just as the profits to be made from shipping liquefied natural gas are falling to

Containers have been more important for globalisation than freer trade

20/05/2013
The humble shipping container is a powerful antidote to economic pessimism and fears of slowing innovation.

Norden Extends Harris CapRock Agreement to Add VSAT Communications Services to Global Fleet

20/05/2013
Norden A/S, an independent shipping company headquartered in Copenhagen, Denmark, has
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