Britain must negotiate a staggered departure from the European Union over several years or risk banks leaving the country, the biggest banking lobby group will warn the government in coming...
Spain’s unemployment increased in November, data from the labor ministry showed Friday. The number of registered unemployed increased by 24,841 in November from prior month. Consequently, the people out of...
South Korea’s Samsung Heavy Industries (SHI) has terminated a contract for the construction of a liquefied natural gas (LNG) floating production and storage (FPSO) unit the shipbuilder signed with an...
California-based cruise line Princess Cruises, part of Carnival Corporation, has agreed to pay USD 40 million penalty – the largest-ever criminal penalty involving deliberate vessel pollution – and plead guilty...
Höegh LNG has signed a contract with Quantum Power Ghana Gas Limited to provide a floating storage and regasification unit (FSRU) for the Tema LNG import terminal located close to...
Wind turbine manufacturer Siemens Wind Power has presented the world’s first heavy cargo Roll on/Roll off (RoRo) vessel custom designed to transport wind turbine components at the Port of Esbjerg...
Shanghai Maritime Court has ordered the owner of the crude oil tanker Amba Bhakti to pay USD 110,000 to the vessel’s crew, local media report. The five crewmembers, three...
Hamburg-based shipping companies, Ahrenkiel Steamship and H. Vogemann Reederei, are merging their activities involving the technical management of bulk carriers. The joint venture set up for this purpose, with the...
A total of around 300 spot fixtures are expected to be concluded in 2016, a significant step up from around 190 voyages in 2015, said ship owner Golar LNG this...
DryShips Inc., an international owner of drybulk carriers and offshore support vessels, announced that a company controlled by Mr. George Economou, our Chairman and CEO has become the lender of...
The Club acknowledges that vessels entering into laid up status present a much lower risk. As a consequence, policies written by the Club can allow for a return of premium...
Euro-area unemployment unexpectedly declined in October to the lowest level in more than seven years, signaling that companies are confident in the region’s slow but steady recovery. The joblessness fell...