Offshore Drilling Facing Soft Market Conditions

Offshore Drilling Facing Soft Market Conditions

Five-year credit default swaps (CDS) for offshore drilling companies in North America have widened 46% over the past month and 20% over the last week, underperforming other sectors in the region, according to Fitch ...

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Gibson: Major VLCC Players Active in Newbuilding Market

Major VLCC Players Active in Newbuilding Market

The 2014 had been a much more rewarding year for owners than 2013 with positive spikes seen in the spot market and ...

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Video: Abu Dhabi Unveils Cruise Terminal Design

Video: Abu Dhabi Unveils Cruise Terminal

The concept design of Abu Dhabi’s planned permanent cruise passenger terminal was unveiled at Seatrade Med 2014, ...

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Iran Open to Baku-Anzali Line Revival

Iran Open to Baku-Anzali Line Revival

Iran is ready to re-establish the Baku-Anzali shipping line to improve its ties with Azerbaijan.  Reza Mansour, ...

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Container Safety on IMO’s Agenda

Container Safety on IMO's Agenda

Over one hundred issues,  including container safety, were considered in the course of plenary sessions and working ...

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IMO Secretary-General Rules Out Reappointment

IMO Secretary-General Rules Out Reappointment

International Maritime Organisation (IMO) Secretary-General Koji Sekimizu has disclosed his decision not to seek ...

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Battling for Supremacy in Shipping World

Construction of Maersk's Triple E

As the shipping industry progresses toward bigger and ever more complex ships we are seeing shipbuilding giants ...

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Irano Hind Value Estimates USD 37 Million Apart

Irano Hind Value Estimates USD 37 Million Apart

Shipping Corporation of India (SCI) and Iran Shipping Lines are finding it hard to wrap up their 39-year-old joint ...

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Things to Know when Navigating in Sea Ice

Things to Know when Navigating in Sea Ice

There are many sea ice properties that can affect an offshore vessel’s navigation performance in sea ice. The most ...

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Image of the Day: Blending with the Sea

Image of the day Royal Princess

The image shows Princess Cruises’ MS Royal Princess steaming her way to the next adventure as the sunset-lit ...

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Oman Drydock Repairs First LNG Carrier

Oman Drydock Repairs First LNG Carrier

Oman Drydock Company (ODC) has completed its first major LNG repair and maintenance project since being awarded the ...

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PIRA Issues Weekly Energy Recap

PIRA Brings Weekly Energy Recap

A weekly Energy Market Recap by NYC-based PIRA Energy Group reports that Asian oil balances will for now remain ...

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Global Tanker Fleet Shying Away from ECDIS

Global Tanker Fleet Shying Away from ECDIS

The majority of ships in the global tanker fleet have yet to adopt ECDIS, according to data published for the first ...

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Infograph: Tanker Sizes 101

Infograph: Tanker Sizes 101

The global crude oil and refined product tanker fleet uses a classification system to standardize contract terms, ...

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Arctic Ice Dwindling, Antarctica Levels Reach 30-Year Highs

Arctic Ice Dwindling, Antarctica Levels Reach 30-Year Highs

The area of sea ice in the Arctic fell to a summer minimum of around 5.0 million square kilometres this year, which ...

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UAE Halts Libya-Bound Shipments

Safmarine

Amid growing security issues spurred by the crisis in Libya, U.A.E. port authorities issued instructions to ...

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DP World, HPH Jointly Tackle Global Warming

DP World, HPH Jointly Tackle Global Warming

An estimated 11.2 billion tonnes of solid waste is collected worldwide every year and its degeneration contributes ...

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Port Owners and Operators Overwhelmingly Optimistic

Port Owners and Operators Overwhelmingly Optimistic

The latest Barometer Report from Trelleborg, which discusses the issues impacting ports and terminals around the ...

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Image of the Day: GDI’s Dukhan Standing Tall

Image of the Day

The image depicts jack-up rig Dukhan, delivered last month to Gulf Drilling International Ltd. (GDI) of Qatar by ...

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Fewer Yards Delivering Ships on Global Scale

Fewer Yards Delivering Ships on Global Scale

The global dowturn in contracting activity has seen various fluctuations in the newbuilding tonnage delivered ...

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IMO Finalizes LNG Use Rules

17-12-2009Fremdrift: Br¾ndselscelleEnergi: LNG (flydende natyrgas)

United Nations’ International Maritime Organization (IMO) has finalized draft consolidated, internationally ...

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Drewry: Tanker Market to Remain Volatile

Tanker Market to Remain Volatile

The Drewry All Earnings Index, which covers the main bulk shipping markets, fell 20% in August and stood at 152, ...

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Readers’ Picks of the Week (Sep 08-14, 2014)

Readers' Picks of the Week (Aug 25-29, 2014)

Unmanned Vessels to Take Over Our Seas? Researchers at Norwegian Marine Technology Research Institute (MARINTEK) ...

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Global Oil Demand Growth Slumping

Global Oil Demand Growth Slumping

The IEA Oil Market Report (OMR) for September trimmed global oil demand growth for 2014 and 2015 to 0.9 million ...

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Safer Seas 2013 to Be a Sobering Reminder

Safer Seas 2013 to Be a Sobering Reminder

The National Transportation Safety Board has released “Safer Seas 2013: Lessons Learned From Marine Accident ...

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