Offshore Service Market to Outspace Onshore Shale
Spending on the offshore service sector will outpace spending on the onshore shale sector this year, said Rystad Energy.According…
Shipbuilding: Fitch Warns Over Hanjin Shipyard's Debt
The exposure of five Philippine banks to financially distressed Hanjin Heavy Industries and Construction Co. Philippines (HHIC-Phil)…
DSME Wins Order for Four VLCCs
South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) has clinched a $366 million order to build four…
IMO Emphasizes Seafarer Training
The International Maritime Organization (IMO) Secretary-General Kitack Lim has highlighted the need to consider seafarer…
Drewry Predicts Better Freight Rates and Profits
The shipping industry’s supply-demand balance will benefit from a reduced appetite for Ultra Large Container Vessels (ULCVs) among the major carriers…
Star Bulk Adds Two More Vessels to its Fleet
Greece-based Star Bulk Carriers Corp. took delivery of the last two of the three firm dry bulk vessels from an entity affiliated with E.R.
Vice Adm. Richard Hunt to lead SNA
Retired Vice Adm. Richard Hunt will assume the position of president of the Surface Navy Association (SNA) at the association’s annual symposium in January. Hunt succeeds retired Vice Adm.
Top Maritime News
Grounded Bulk Carrier Refloated near Virginia
A 958-foot bulk carrier has refloated after running aground about 2.5 miles east of Virginia Beach, Thursday morning.
US to Become Third Largest LNG Exporter in 2019
The coming year is expected to make the U.S. the third largest exporter of liquefied natural gas (LNG) in the world
Shipbuilding: SHI Eyes Fat Order Book in 2019
South Korean shipbuilder Samsung Heavy Industries (SHI) expects to increase orders by almost 24 percent in 2019 compared to last year.