Venezuela's oil industry faces years of recovery and massive investment, with uncertain impacts on the tanker market, reports Seatrade Maritime News.

Series designed for Kara Sea may extend to 50

Tanker owners have seen rates for the hiring of their vessels take a further dive this week, as limited demand, together with the usual oversupply issues, continued to plague earnings. According to the latest weekly report from Poten&Partners, "indicators for macroeconomic growth coming out of China have been conversely upbeat. It is not clear that such metrics are indicative of a sustained pick...

SOME of the world's biggest exporters in Asia are intervening to alleviate a shipping container shortage that jeopardise their overseas trading

The US federal government has approved a proposal to allow UAE-based port operator Gulftainer to take control of the Port of Wilmington and develop a new container port at Edgemoor

Tanker owners have seen rates for the hiring of their vessels take a further dive this week, as limited demand, together with the usual oversupply issues, continued to plague earnings. According to the latest weekly report from Poten&Partners, "indicators for macroeconomic growth coming out of China have been conversely upbeat. It is not clear that such metrics are indicative of a sustained pick...

Banks will exert more control over the shipping industry this year, according to international accountant and shipping consultant Moore Stephens. It also expects vessel values to fall further, and the cost of regulatory compliance to increase.Moore Stephens partner Julian Wilkinson said:“For shipping in 2012, it was not so much a case of ‘Crisis, what crisis?’ as ‘Crisis, which crisis?’ This year...

Series designed for Kara Sea may extend to 50

Icebreakers take iceboundshipsto open waterThe Voice of RussiaIn the Sea of Okhotsk, the Krasin and Admiral Makarov icebreakers are leading two Russian iceboundshipsto the open water. More than half the distance has...Russian icebreakers to free trappedshipsUPI.com5 haber makalesinin tümü »

Turkish Naval Forces Command Secretariat General released a statement and said a Turkish Rear Admiral will take over the task to fight against sea piracy in the Gulf of Aden, Arab Sea and off the shores of Somalia in September 1 and December 1.

SUE Langley, one of the most high profile personalities in the London market, is to join Lloyd?s to raise operational competitiveness and ensure a focus on North American business, which supplies 40% of revenue at Lloyd?s, writes James Brewer.

SMALLER non-vessel operating common carriers (NVOs) are expanding their share of Asian imports since mid-size and larger NVOs are fully booked, securing more than half of all US imports from Asia for the first time through the first months of the year, reports IHS Media

DHL Parcel UK (formerly UK Mail) is to assume control of 3,500 Pass My Parcel ServicePoints nationwide in light of growing demand from online shoppers for convenient and flexible delivery options

KOREA's Hyundai Merchant Marine (HMM) has become a 50 per cent stakeholder in the PSA-Hyundai Busan New Port (PHBNT) following an investment collaboration with Singaporean terminal operator PSA, reports London's Port Technology

2M Alliance members Maersk Line and Mediterranean Shipping Company are launching a second service from Asia to the US via the Gulf of Mexico

MSNBCObama prepares to take the stage at Newport NewsShipbuildingDaily PressHe said he and Obama talked aboutshipbuildingand other issues, but Scott is not optimistic a deal can be struck unless a majority of House Republicans consider new revenues as part of the deal. He's worried about the impact on the shipyard and says...DAYBREAK DAILY: Obama hits Newport NewsShipbuildingtodayWJLAPresident Obama tours NNShipbuildingFox 43 TVPresident Obama speaks on the sequester in Newport NewsWashington PostThe Virginian-Pilot -WAVY-TV -MSNBCall 13 news articles »

THE largest terminal operator at Jeddah Islamic Port (JIP), Red Sea Gateway Terminal (RSGT), is increasingly confident that it could realise its goal of assuming the management and operation of the North Container Terminal (NCT) early next year, reported Seatrade Maritime News

Alaska DispatchRussianshipto take fuel to ice-locked Nome, AlaskaLos Angeles TimesThat's the word in ice-bound Nome, Alaska, which has been scrambling for a way to get winter fuel after a devastating Bering Sea storm waylaid the barge that was to have delivered the town's final 1.6 million gallons. Sea ice moved in and locked up the...Hurdles remain before Russianshipcan deliver fuel to NomeAlaska Dispatchall 204 news articles »

The Council of the Singapore Shipping Association (SSA) - the industry voice of the Lion City's maritime community - has made history by nominating the its first-ever female president since its founding in 1985

The 'Ulysses' will be out of service for a further period of one to two weeks

AN ISRAELI non-governmental organisation is seeking an injunction to block the return of the Iranian oil tanker Grace 1 seized by Royal Marines off Gibraltar on July 4

FOLLOWING last week's biggest cocaine seizure from containers aboard the 10,000 TEU MSC Gayane at the Port of Philadelphia, the US Customs and Border Protection (CBP) has temporarily suspended MSC's Customs Trade Partnership (C-TPAT) certification

SCRUBBERS installed on mega containerships could take up 'at least 200 TEU' of container slots, according to Alphaliner which based its estimate on Evergreen's G-Class 20,150-TEU newbuild, the Ever Govern, that is under construction at a shipyard in Japan