India's shipping ministry reports that an Indian-flagged vessel was hit and sunk in the southern Red Sea, the latest war-risk casualty off the coast of Yemen. Maritime security consultancy Windward identified the incident as a bomb-boat attack.
Freight rates for Russia's flagship Urals crude shipments from western ports to India have jumped by about 50 per cent since mid-July as rising global shipping costs and security risks in the Black Sea deter shipowners from calling at Russian…
American LNG producers were unable to take advantage of a rally in global gas prices in July as maintenance and seasonally lower production kept export volumes largely unchanged from the previous month.US exports of liquefied natural gas slipped to 10.48…
UK-based integrated offshore infrastructure services company North Star has completed a £275 million (US$370 million) debt financing, adding to debt commitments to support continued growth, broadening its lender group and improving its terms.The package is structured across sterling and euro…
Cargo fires rank at the top of the list of hazards aboard a modern container ship, in part because the operator has limited control over the cargo.
Swedish prosecutors confirmed over the weekend that they had requested that the captain of a Norwegian cargo ship be arrested and detained on charges of having caused a death when the ship, the Misje Verde, ran down a small pleasure…
