Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week.On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i…
Rosneft as part of Sakhalin-1 Consortium has successfully completed drilling of the world’s longest well at the Chayvo field.O-14 production well was drilled with Orlan drilling platform in direction of the field’s south-eastern point…
The United States and Indonesia held naval exercises near the Natuna Archipelago in the East China Sea, near target China, and the Government in Jakarta hopes that in this region will be constantly carried out military maneuvers, says a Reuters report…
The Saudi Arabian-led coalition of anti-Houthi forces attacking Yemen has tightened the blockade on Yemen's ports affecting shipping activity including the delivery and loading of oil and gas shipments. Ships are unlikely to be able to…
Qatar Navigation (Milaha) is in talks with United Arab Chemical Carriers Ltd. (UACC) in the United Arab Emirates (UAE) regarding a possible combination of their respective product and chemical tanker businesses. Currently Milaha operates…
The Port of Mariel, Cuba, aims to become the best choice transshipment in the region from the Panama Canal expansion. According to the Mariel terminal sources, 'The port has possibility to connect with everyone from the Panama Canal expansion'…
Hapag-Lloyd and the Shenzhen Port Green Convention have entered into an agreement to cut back on sulphur oxide while the company's vessels are docked at port. 'By joining the Shenzhen Port Green Convention, Hapag-Lloyd has demonstrated its commitment to environment…
Maritime and Port Authority (MPA) of Singapore said that Singapore bunker fuel sales rose 5.34% month on month and up 12.33% year on year, to 3.58 million mt in March reports Platts. The vessel arrivals in Singapore for bunker fuel rose to 3…
The Department of Foreign Affairs (DFA), Philippines said China’s massive reclamation activities in the South China Sea have destroyed 300 acres of coral reef systems, which may lead to an estimated $100 million in annual economic losses in coastal states…
Extreme Arctic yacht race planned a race through the Northwest Passage, from New York to Vancouver Island, is possible only because of sea-ice melt, the organizer says. Sailing The Arctic Race (STAR) is launching an extreme sailing race…
French oil services company Bourbon said on Monday that three Nigerian crew members had been kidnapped after one of its speedboats was boarded off the Nigerian coast in the night of April 8. 'An emergency unit based in Nigeria has been immediately activated…
Intermarine, LLC, a transporter of project, breakbulk and heavy lift cargo, has established a physical presence in Turkey with the opening of an office in Istanbul. The new branch will operate as part of the company’s Worldwide division…
BIMCO/ICS Manpower Report 2015: preliminary results of new seafarer survey shows majority are content with life at sea A new survey being carried out as part of the BIMCO/ICS Manpower Report 2015 is directly engaging seafarers in order to…
Stephen O'Neill has been appointed to Thuraya Telecommunications Company’s Board of Directors as of March 31. Until 2014, O'Neill was President of Boeing Satellite Systems International Inc (BSSI) and Vice President of Commercial Satellite Systems…
At a hearing today at South Shields Magistrates Court, Robert Trueman, the Owner/Skipper of a fishing vessel was fined a total of £5,000 plus costs of £4,536.18 after pleading guilty for failing to keep a good lookout. Trueman was also ordered…