Russians Force Turkish Ship to Change Course in Black Sea
A Russian Black Sea corvette and a coast guard boat have forced a commercial vessel under a Turkish flag to change course after it got in the way of a Crimean energy firm's boats towing oil rigs…
Asia Fuel Oil Dragged Down by Crude Drop
Asia's fuel oil prices continued their downward trend towards new seven-year lows and at levels not seen since early 2005 amid a growing global oil glut that saw…
MSC to Start Cuba Cruise Operation
MSC Cruises will this week become the first major liner to start operations in Cuba, part of its efforts to grow a global presence, the Swiss group's chief executive said. U.S.
Trafigura Expects Tougher Shipping Markets in 2016
Commodities trading firm Trafigura expects tougher conditions in tanker markets next year as weaker world economy prospects and a slide in oil prices are set to take their toll on shipping.
DNV GL RP On Thermoplastic Composite Pipes
The oil and gas industry invests billions annually in offshore pipelines and risers. DNV GL has launched a recommended practice (RP) that allows operators to choose…
Maiden voyage of Wartsila LNG Powered Vessel
The first ever newbuild liquefied natural gas (LNG) fuelled German seagoing vessel, which is powered by a complete Wärtsilä LNG propulsion solution, had its maiden voyage on December 11.
Four TEREX Mobile Cranes for Asia Pacific
Terex Port Solutions (TPS) continues to systematically strengthen its position in the Asia Pacific region with four new mobile harbour cranes. Two additional Terex…
IACS Council Establishes Cyber Panel
The International Association of Classification Societies (IACS) has created a Cyber Panel to lend support and resources to address what has become a key industry issue.
Kristensen to Head Ulstein Design and Solutions
Eva Kristensen will take the helm as the new managing director at Ulstein Design and Solutions AS starting in January 2016. Kristensen will also enter into the role…
Ship of Turkish President's Son Implicated in ISIS Oil Trade
According to the Independent, oil tankers owned by Bilal Erdogan, son President Erdogan, has involved in the illicit oil trade with Islamic State (ISIS). The ships…
China Shipping Merger Erases $900 mln in Market Value
Shares of Cosco Group and China Shipping have taken a hammering on the stock markets as two major companies lost about $900 million in total market value after…
CMA CGM Buys NOL Shares from Open Market, Below Par
CMA CGM SA has bought about 3.68 million shares of Singapore-based Neptune Orient Lines (NOL) on the open market at S$1.22 per share. The shares purchased make up…
Maersk Unhappy with COP21 Climate Deal
The world’s largest container carrier, Maersk Line is very disappointed that regulation of the shipping industry was left out of the COP21 climate deal. The Danish…
Bulkcarrier Market Looks Bullish
Bulkcarrier investors are generally an optimistic lot, with little time for pessimistic analysts, says a research report by Clarksons. They know that however gloomy the forecasts…
The Orderbook And The Fleet: A Golden Ratio?
The orderbook to fleet ratio is a useful indicator of future supply growth, both across the industry as a whole and within sectors, according to a research report by Clarksons.
Chinese Navy Ramps up Drills in Disputed Sea
The Chinese navy has conducted live-fire exercises in the disputed South China Sea , reports Reuters. China claims almost all of the energy-rich waters, through…
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