Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 23 percent to $342 per 20-foot container (TEU) in the week ended on Friday, a source with access to Shanghai Containerized Freight Index data told Reuters.
Israeli dockworkers ended a two-day strike on Thursday that had shut down the country's two main seaports in protest at the creation of new foreign-run ports. Some 2,400 workers had walked out of
An interview with NOIA’s Randall Luthi provides unique perspective on where the offshore energy business has been, where it is now, and where it could be headed next. It is a predictable but at the same time,
Norway's Kvaerner is a favourite to win a key Statoil platform deck contract, while three Korean yards were vying for two other platform deals on the giant Johan Sverdrup field
The ‘FORAN new modules, new functions and FEM-Link (Hypermesh) Seminar’ was held on April 23rd
Although the crisis is not over in all segments, Germany's second-largest marine lender, Nord LB
Russian Energy Minister Alexander Novak said on Friday that cuts in global oil production should not be expected and that demand was likely to grow, Interfax news agency reported.
Norwegian rig company Songa Offshore posted forecast-beating operating profit in the first quarter, but warned of continued fierce competition for few tenders in the market.
Crude oil tanker firm Frontline posted first-quarter operating profit above expectations on Friday and said it had renegotiated its relationship with chartering firm Ship Finance
Furuno has introduced a new IMO Echo Sounder, FE800, offering an 8.4-inch Color LCD display with
WFS, NuStar and Precision Technologies complete commissioning of new subsea system for JAMSTEC:
Entries are now being accepted for the 2015 SHIPPINGInsight Award, which will be presented at the SHIPPINGInsight Fleet Optimization Conference & Exhibition, Oct.
Total's chief executive said on Friday the French oil major saw no reason currently to sell its Hutchinson rubber unit and that the group will explain in due time what its plans
Around 300 "boat people" have landed on Thailand's shores in recent weeks, Sek Wannamethee, director-general of the information department at Thailand's Foreign Ministry
The United States said on Friday that China had placed mobile artillery weapons systems on a reclaimed island in the disputed South China Sea, a development that Republican Sen.
Russia's biggest oil producer Rosneft said on Friday it had fully repaid two syndicated loans that had been taken out by TNK-BP in 2011-2012. Rosneft, which bought TNK-BP in 2013
Asia's fuel oil market is set to see a record volume of physical trades in June based on open interest in derivatives for the oil product, with backers of opposing bets expected
Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, although prices were set for a weekly drop on a stronger dollar.