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Gulf Petrochem Building Gujarat Terminal

UAE based firm says the new terminal will give it access to India's northwest and central markets.

Maersk Line CEO: Rate Hike Key for Company

Søren Skou says the container line must renegotiate its contracts with customers to avoid seeking more help from financers.

LNG Carrier Completes Maiden NSR Voyage

The Ob River arrived in Japan on schedule, saving 40 percent of fuel costs compared with the standard Suez Canal route.

LNG Market Could See Vessel Oversupply

Demand for natural gas is growing, but delays in production capacity could slow transport demand.

Global Shipping Industry in "Increasingly Critical State"

World's largest maritime finance provider HSH Nordbank says "grave mistakes were made in the years before 2009."

Scorpio to Raise $131 Million for Possible ECO Ship Orders

Announcement follows April's issue of 4 million shares worth $27 million that was used for fuel efficient fleet expansion.

Frontline 2012 Considers More VLCC Cancellations

New orders would cost less, and have more modern, fuel efficient designs.

New Wind Power Design to Offer 20-40% Fuel Savings

Ming Ship sailing system to offer lower cost and an improved efficiency of 12% to 34% over rigid sail systems.

VLOC Owner Still Pushing for Access to China

Brazil's Vale says getting iron ore ships to Chinese ports "would be good news for our local customers."

Cleartrade Exchange Adds Fuel Oil Liquidity Provision

The futures market says the firm, two-way prices improves efficiency for traders.

2013 to be "Another Challenging Year" For Tankers

Teekay Marine Markets says significant market recovery will wait until 2014.

Tanker CEO: Optimise Current Ships Before Building New Ones

BW Maritime CEO calls for restraint in buying new eco-ships in the face of an over-saturated market.

ZIM Records Strong Third Quarter

Shipper makes an $82 million improvement to its bottom line, turns in a $16 million profit.

Golar Charters Modern LNG carrier

LNG shipping company says it will have the opportunity to buy the vessel when the charter ends in 2017.

New U.S. Sanctions to Target Shipping, Ports

Legislation would target banks working with shipping, ports, and shipbuilding industries.

WSS Hires Technical Sales Manager for Safety in Americas

Company says it is expanding its liferaft rental program in North and South America.

Frontline Narrows Losses in Q3

Company predicts slow recovery, dependent on "substantial scrapping of vessels"

Arctic Voyages Rise Tenfold in Two Years

The majority of ships using the Northern Sea Route in 2012 were transporting petroleum products.

Greek Company Refuses Bunkers to Iranian Tanker

Despite Tanzanian flag, Sekavin said the ship "represents Iranian interests," making it illegal to provide bunkers under EU sanctions.

Tanker Market Jeopardising Industry Sustainability

INTERTANKO says it is working with stakeholder to find ways to remove "market distortions."

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