Crude oil tanker deliveries hit a new 6-year high in 2017 The seasonal recovering in crude oil tanker earnings failed to materialize in the fourth quarter of last year with rates peaking in late October and softening since. Earnings remain

Offshore vessel owner Seacor Marine Holdings has announced the formation of Seacosco Offshore, a joint venture with affiliates of China’s state-run Cosco Shipping Group.

Maersk and IBM to Form Joint Venture Applying Blockchain to Improve Global Trade and Digitize Supply Chains COPENHAGEN, DENMARK and ARMONK, NY - 16 January 2018: A.P. Moller - Maersk (MAERSKb.CO) and IBM (NYSE: IBM) today announced their in

Five Global Shipping Trends to Watch in 2018 by Sri Laxmana Overall, 2017 was a good year for the ocean shipping industry. Operating margins for most carriers improved, driven by robust demand, positive inventory developments and higher rat

Is 2018 to be Welcomed or Worried About? By Mark ONeil Is 2018 to be welcomed or worried about? It is more of a question of anticipating, understanding and dealing with the challenges that may face the shipping industry over the next 12 mon

Sunday marks the final day for George Economou and his nephew Anthony Kandylidis to serve as CEO and CFO respectively at embattled Ocean Rig.

DNV GL: Energy transition changes the shape, but not the importance of shipping to the global economy DNV GL published the Maritime Forecast to 2050 which analyses the impact of the changing global energy system on the shipping industry thr

IMO Assembly Elects New 40-Member Council The Assembly of the International Maritime Organization has elected the following States to be Members of its Council for the 2018-2019 biennium: Category (a) 10 States with the largest interest in

Maersk Line obtains final regulatory approval and closes the acquisition of Hamburg Sd 30 November 2017, Copenhagen: Today the transaction between Oetker Group and Maersk Line for Maersk Lines acquisition of Hamburg Sd, the German container

Noble confirms sale of kamsarmax quartet Hong Kong commodity trader Noble Group is selling four kamsarmax bulk carrier vessels as part of its debt reduction efforts. Noble says the sale will fetch $95m payable in cash on closing. Proceeds a

Schulte Marine Concept (S.M.C), the project management arm of leading international maritime services company Bernhard Schulte Shipmanagement (BSM), working together with Bernhard Schulte Cruise Services (BS Cruise), has won its first cruis

Palau International Ship Registry Increases Fleet Size 0 Image Courtesy: PISR The Palau International Ship Registry (PISR) has seen a marked increase in the number of vessels under the its flag.In September 2017, the Palau flag recorded 380

Palestinian tycoon to set up company in Gaza for China's B&R Initiative

World Maritime Day 2017

Global shipper Maersk sees trade growth among BRICS nations