Taiwanese shipping company Evergreen is ordering ten 2,800 TEU container ships from Japanese shipbuilder Imabari Shipbuilding Co.,Ltd and compatriot CSBC Corporation.
Despite challenging market environment with freight rates reaching historic lows in several key trades, ZIM Integrated Shipping Services continues to outperform
China's Hong Kong Nicaragua Development (HKND) Co. said it is delaying the start of construction on a controversial $50 billion inter-ocean canal across Nicaragua until late 2016.
A marked drop in Asian imports to Europe, made worse by a strong dollar, has exacerbated the pressure on shipping lines already struggling with massive over capacity,
The global steel company SSAB and Aspo Group’s ESL Shipping Ltd have signed a long-term frame agreement covering sea freight for SSAB’s inbound raw material sea
ESL Shipping and AB Fortum Värme have signed an agreement for biofuel transport. The agreement provides ESL Shipping with access to the renewable fuels transport market.
The CMA CGM's move to buy Singapore’s Neptune Orient Lines (NOL), could lead to one of the biggest acquisitions in the shipping container industry in years.
If it goes through,
The world's biggest container-ship operator Maersk Line has confirmed market talk that it has temporarily idled one of its largest vessels - yet another sign that the industry is in dire straits,
Owners are rapidly laying up containerships as the market slows. The size of the idle fleet will get bigger while rates and profits slide, says Drewry Shipping Consultants Limited.
Italy has no cause for concern over its gas supplies after Russia halted flows to Ukraine, the Industry minister said on Wednesday.
"The situation as regards
Maritime and logistics service provider Inchcape Shipping Services (ISS) has expanded its launch fleet with two more fast crewboats, bringing its total fleet size to 18 vessels.
Gulf delegates say OPEC won't cut supply without non-OPEC.
OPEC is determined to keep pumping oil vigorously despite the resulting financial strain even on the policy's chief architect,
BG Group has started commercial operations at the second train at its Queensland Curtis LNG (QCLNG) plant and has taken full control of both trains and associated facilities at the Australian site,
Abu Dhabi National Energy Co , or TAQA, has filed with U.S. energy regulators to sell its stake in the Lakefield wind power plant in the U.S. state of Minnesota to a Qatari company.
State-run Saudi Aramco has asked oilfield service companies to extend discounts to next year as the oil giant cuts costs amid falling oil prices, industry sources familiar with the matter said.
Asia's fuel oil crack for benchmark 180-centistroke rebounded to a discount of $6.79 a barrel on Wednesday, gaining as bunker prices firmed on the possibility of
Egypt plans to complete a side channel in East Port Said, near the Suez Canal, that would speed up shipping and allow ships direct entry into the port by the end of June 2016,
Traffic on U.S. roads is growing at the fastest rate in almost two decades, as cheap gasoline, coupled with a strong economy, encourages motorists to use their cars more.
Ukraine says to stop buying Russian gas; says cheaper prices offered from Europe.
A clash over natural gas pricing between Russia and Ukraine escalated on Wednesday
Dollar at 8 month high against currencies basket; U.S. crude stocks rise 2.6 mln barrels in week ended Nov 20.
Crude oil futures fell back towards $45 per barrel