Latest Maritime News

Teekay Veteran Glendinning to Retire

Long-time Teekay leader David Glendinning, president of Teekay Gas Services, will retire December 17, 2015, after more than 28 years at Teekay. Stepping up to replace Glendinning is Mark Kremin,

Oil Market Needs Anchor: Saudi Adviser

The lack of a clear leader or "anchor" in the global oil market is fueling uncertainty and leading to sharp swings in crude prices, but this uncertainty is unlikely to continue for long,

Pemex Restarts Minatitlan Refinery Unit

Mexican oil giant Pemex on Thursday said it had restarted a catalytic plant at its Minatitlan refinery in southeast Mexico, after fixing the plant's temperature sensor.

China Opposed to Parties Entering 'territorial' Waters

China's Foreign Ministry said on Friday it was against parties entering territorial waters in the name of freedom of navigation, as the United States is considering

Asia-N.Europe Box Rates Plunge 17 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17.3 percent to $259 per 20-foot container (TEU) in the week ended on Friday,

Amid Commodity Crisis, LPG Emerges with Demand

Biggest growth seen in India; Vietnam and Philippines also see strong growth. Liquefied Petroleum Gas, long a niche product used by the poor to cook and the rich to barbecue,

Delek Buys $66 mln Stake in Ithaca Energy

The investment arm of Israeli gas firm Delek Group has acquired a near 20 percent stake in North-Sea focused oil producer Ithaca Energy for $66 million, the companies said on Friday.

Oil Set for Best Week Since 2009

Brent set to rise 12 pct this week; PIRA forecasts oil at $70 at end-2016. Oil extended gains on Friday and was set for its biggest weekly rise in over six years after U.

Traders Eye Floating Diesel Storage in Atlantic

Europe diesel stocks reach fresh record high; huge imports from Asia, Middle East weigh on supplies. Oil traders are preparing to store diesel in giant tankers

Oil Strengthens, Discounts Goldman Gloom

Timespreads for West Texas Intermediate (WTI) and Brent futures have strengthened significantly over the last month as fears about another big build up in crude oil stocks eased.

Shell Want Shipper Guarantees on Nigerian Crude Exports

Royal Dutch Shell has asked ship owners exporting its Nigerian oil to sign a "letter of comfort" (LoC) to guarantee it is not stolen, according to an email from the company seen by Reuters.

ICCOPR Approves Updated Oil Pollution Research Plan

  The Interagency Coordinating Committee on Oil Pollution Research (ICCOPR) unanimously approved the Oil Pollution Research & Technology Plan (OPRTP) for FY2015-2021

NOVATEK 3Q Operational Update

  OAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2015. In the third quarter 2015, NOVATEK’s marketable production totaled 17.

Hapag-Lloyd Announce Service Improvement

  For the benefit of increased schedule reliability, Hapag-Lloyd and partner lines have decided to take the following measures: Implementation of a fourth vessel

Danish-South Korean Co-operation Strengthened

  The Danish-South Korean Green Growth Alliance met for roundtable talks yesterday. The Minister for Business and Growth's meeting with the South Korean Minister

Volvo Penta Doubles Service Interval

  Volvo Penta today announced a new extended service interval for its commercial marine diesel engines.   Under the new program, owners can double the maximum oil change interval to 1,

Wärtsilä 31 Engine for Aker ARC 124 Icebreaker

  The recently introduced Wärtsilä 31 engine, which has been acknowledged by Guinness World Records as being the world's most efficient 4-stroke diesel engine,

ENGIE, MHI Join Forces for Energy Value Chain Development

  Gérard Mestrallet, Chairman and CEO of ENGIE and Shunichi Miyanaga, President and CEO of Mitsubishi Heavy Industries, Ltd. (MHI) signed a Memorandum of Understanding

Carnival Corporation Adds Third Berth to Cozumel Pier

  Carnival Corporation & plc today officially opened an all-new, highly anticipated expansion of its operations in Cozumel, Mexico, adding a third berth to the company's pier at Puerta Maya,

Indonesian Ports to Allow Foreign-flagged Cruise Ships

  Indonesia’s government has given the go-ahead for foreign-flagged cruise ships to stop over in five of the country’s largest ports. Previously, such vessels could only dock at one port,

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