Depending on when and where one looks, day rates for very large crude carriers (VLCCs) run between $8,000 and around $20,000. The sad fact...

Taiwanese shipping company Wisdom Marine is investing USD 68 million in two new NOx Tier III bulk carriers. The company said that the two 82,400...

Overview BIMCO relaunches ship benchmarking system, a Shipping KPI after two years of redesign. The system helps shipowners and managers make strategic decisions about their...

NYK and MTI Co. Ltd. have jointly developed a diagnostic tool that records, visualizes, and analyzes the operational sounds of a vessel’s engine plant....

A chemical tanker has been successful in thwarting a pirate attack carried out by suspected Somali pirates. What happened? The chemical tanker ‘MT Leopard Sun’ was...

On February 25, a fire reportedly broke out in the galley of a vessel on the Danube and the crew members were having a...

The lock gates of Kiel-Holtenau which was reportedly demolished after a cargo vessel rammed into its gates is likely to take weeks to be...

Crude closed at a three-week high as booming stock markets stoked optimism about economic growth that drives energy demand. Crude futures rose 0.6 percent in...

As the shipping and bunker industries await the new 0.5% global marine fuel sulfur limit in less than two years, this week refiners have...

Earlier this year Jumbo completed their project for the Arkona offshore wind farm (E.ON and Statoil). The entire project involves the construction of a...