When DWT tanker Shoko Maru caught on fire recently it was described as one of the worst accidents in energy shipping in the past decade. And a recent study shows that product tankers are considered the most accident-prone shipping types, followed by LPG tankers.
Global shipping lines are increasingly shying away from handling cargoes to Iran as restrictions on banking and insurance continue unabated, despite an interim agreement between Tehran and the West that called for limited sanctions relief.
The U.S. needs a better strategy to coordinate and prioritize its policies related to the Arctic region, according to a Government Accountability Office (GAO) study that was released by Reps. Rick Larsen, Tim Bishop, John Garamendi and Senator Lisa Murkowski.
The International Maritime Organization's Marine Environment Protection Committee has reached agreement on the entry into force date of new, stricter requirements for ships' emission of nitrogen oxide (NOx) in emission control area.
Consolidation in the container shipping segment via alliances or mergers is likely to accelerate due to persistent overcapacity and freight rates pressure, Fitch Ratings says.
An alliance of the world's top three container shipping firms which could control more than a third of the market is likely to start operating in mid-2014, No.1 player Maersk Line said after the tie-up was approved by U.S. regulators.
Why do U.S.-owned private maritime security teams continually get in trouble on ships overseas? Does the U.S. adhere to a lower standard than the rest of the world when it comes to private maritime security? The answers may surprise you.
The shipping industry is poised to emerge from its longest downturn in three decades, buoyed by an end to years of overcapacity that have depressed freight rates since the end of a shipping boom in 2008.
Natural gas has started to challenge oil as the dominant transport fuel with companies building gas-powered ships and installing networks of service stations on water and land.