U.S. Oil Prices Surge Nearly $2
U.S. oil prices rocketed almost two dollars Wednesday on word that Saudi Arabia would reduce February crude sales by five percent despite U.S. appeals to the OPEC…
Asian Panamax Rates Heading Up?
Asian Panamax rates for dry bulk cargo are likely to inch up later this week on brisk demand for grain shipment after easing slightly in thin trade last week on the New Year holidays…
ABS Steps Up Castor Response
ABS, the classification society of record for the damaged product tanker Castor, has stepped up its assistance efforts in response to the continuing failure of any…
Mariners Learn Get LNG Handling Experience At MSI
Maneuvering trials and Shiphandling training for Guayanilla, Puerto Rico Masters, Pilots and tug Masters were conducted at MarineSafety International's Newport Simulator…
Tidewater To Build 12 New Vessels For $305M
Tidewater Inc. has signed contracts with two Far East shipyards for the construction of eight vessels as part of Tidewater's new build program announced in January 2000.
Atlantic Panamax Rates Firm Up in Far East
Atlantic panamax freight rates are softer in contrast to returns for panamaxes trading the Far East where rates are firmer, shipbrokers said on Tuesday. Atlantic freight rates…
Turkish Shipping Panel Mulls Safe Sailing Through Bosphorus
Turkish shipping experts will reportedly meet soon to discuss how to safely sail a giant aircraft carrier without engines through the Bosphorus that bisects the country's biggest city.
Coflexip Stena Offshore Closes On Aker Maritime Acquisition
Coflexip Stena Offshore (CSO) has finalized with Aker Maritime, the acquisition of its deepwater operations. The company's Deepwater Division, which is headquarted in Houston…