Vessel Losses - Sailing into Safer Times?

With the improved safety at sea, total vessel losses seem to be on a downward trajectory. 2016 marked the fewest ...

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BW LPG Posts Major Drop in 2016 Profit

Due to the difficult situation in the liquefied petroleum gas (LPG) market, Singapore’s gas carrier owner BW ...

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Hurtigruten Hires ISS for Port Agency Services

Maritime and logistics service provider Inchcape Shipping Services (ISS) has received a global port agency contract ...

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Odfjell Inks Charter Deals for New Chemical Tankers

Norwegian shipping and tank terminal company Odfjell SE has entered into long term charter agreements for two new ...

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Milaha’s Yearly Profit Down by 35 Pct

Marine transporter Qatar Navigation (Milaha) has reported a drop of 35 percent in its net profit for the full year ...

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Sea Shepherd: Japanese Whale Poachers Expand Killing Fields

Japanese whale poachers have expanded their killing fields to twice as big as before, Sea Shepherd, marine ...

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CWR: Shipping Banks Face Climate Risk Exposure

Climate transition pathways could pose risks to the banks that hold USD 400 billion of global shipping debt, ...

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Shipping Vulnerable to Regional Action on Cutting CO2

Unless the International Maritime Organization (IMO) makes significant progress as part of its CO2 reduction ...

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Lauritzen Secures New Financing

Danish shipping company J. Lauritzen Group has agreed upon main terms for a new financing package from banks and ...

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Car Carrier Catches Fire in English Channel

The US-flagged car carrier Honor caught fire in the English Channel in the early hours of Friday, February 24, ...

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COSCO Corporation’s Full-Year Loss Widens

COSCO Corporation (Singapore) Limited, a shipbuilding, marine engineering and dry bulk shipping group, saw a net ...

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Video: Tide Carrier Towed to Safety

Stricken barge carrier Tide Carrier that dragged anchor on Wednesday south of Bergen, Norway has been towed to ...

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LSC Sinks Deeper on Fleet Value Decline

Nasdaq Riga-listed tanker owner and operator Latvian Shipping Company (LSC) realised a net loss of USD 25.18 ...

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ABS First to Get EU MRV Credentials

Houston-based classification society ABS has received accreditation by Greece’s National Accreditation Body, the ...

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Jinhui Sells Four Supramax Bulkers

China’s Jinhui Shipping and Transportation Limited has agreed to sell four Supramax bulk carriers to four ...

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USCG Detains Two Bulkers in Portland and Kalama

The US Coast Guard has set in motion a detention of the Panama-flagged bulk carriers Atlantic Ruby and Amber L ...

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First Teekay ECC Shuttle Tanker Starts Taking Shape

South Korea’s Samsung Heavy Industries has laid keel for Teekay’s first shuttle tanker newbuilding ...

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US Jury Convicts Two Green Sky Engineers in Magic Hose Case

A federal jury in Charleston, South Carolina, has convicted two chief engineers of the Liberia-flagged chemical ...

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Aegean Pleads Guilty to US Pollution Charges

Greece-based tanker operator Aegean Shipping Management, S.A., has pleaded guilty in federal court in Charleston, ...

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Teekay LNG Sees 4Q Profit Rise. On Track to Secure Financing

Bermuda-headquartered owner and operator of liquefied natural gas carriers Teekay LNG Partners experienced a growth ...

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Video: NASSCO Builders Take Liberty for a Spin

On Monday, February 20, NASSCO shipbuilders took the Jones Act tanker Liberty to sea for the very first time for ...

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Hanoi Court Sentences Two Vinashin Execs to Death

The People’s Court in Hanoi has sentenced Tran Van Liem, former director general of Vinashin Ocean Shipping, ...

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Storm Doris Closes Port of Liverpool

UK port owner and operator Peel Ports was forced to close the Port of Liverpool after the Storm Doris battered ...

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Tanker Investments Locks Away Aframax on 1-Year Charter

Norway-based investment company Tanker Investments has secured a one-year time charter for one of its ...

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Star Bulk Slashes Full-Year Loss

Greek dry bulk shipping company Star Bulk Carriers has managed to narrow its full-year net loss to USD 153.8 ...

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Teekay Tankers Sees Signs of Market Upturn in 2017

2017 will present some headwinds to crude tanker rates due to cuts to OPEC production, rising oil prices, and fleet ...

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