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Arun Sharma, Executive Chairman, IRClass. Photo: IRClass

Indian Register of Shipping Cautiously Optimistic for 2018

 Continuing its growth trajectory, Indian Register of Shipping has concluded 2017 on a successful note with increased class fleet, growing global recognition, improved geographical presence and strengthened

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US Trade Deficit Rises to Near Six-year High

The U.S. trade deficit increased more than expected in November as imports of goods surged to a record high amid strong domestic demand, making it likely that trade will subtract from economic growth in the fourth quarter.

Photo: Hyundai Heavy Industries

Hyundai Heavy Sets 2018 Sales Target $7.5 billion

 South Korea's leading shipbuilder Hyundai Heavy Industries (HHI) aims to achieve 7.98 trillion won ($7.5 billion) in sales this year as its president warned of an unprecedented crisis due to declining order backlogs, reports Yonhap.

The inTank BWTS uses a unique dispersion system patented by the US Geological Survey for mixing the active substance in the ballast tanks.

Envirocleanse LLC inTank™ BWTS Completes Type Approval Testing

Envirocleanse LLC, division of Charter Brokerage, a BERKSHIRE HATHAWAY company, announces the completion of all land-based and shipboard testing for its patented inTank Ballast Water Treatment System.

Photo: Triyards Holdings

Triyards Loses Two Shipbuilding Contracts

 Triyards Holdings, the offshore marine division of Ezra Holdings, has swung deep into the red following the termination of two shipbuilding contracts worth some $51 million.   "The Board of Directors

Weatherford scraps JV, Sells Biz to Schlumberger

U.S. oilfield services company Weatherford International Plc on Friday sold a U.S. oil-well business to rival Schlumberger NV for $430 million, abandoning a planned joint venture.   Weatherford has

Photo: Azerbaijan Caspian Shipping

Azerbaijan, Russia Introduces New Cruise

 The Chairman of Azerbaijan Caspian Shipping Company (ACSC) Rauf Veliyev and Konstantin Anisimov, the General Director of Moscow River Shipping Company (MRSC) signed in Baku a memorandum of cooperation

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Bulkers to Benefit as China Iron Ore Appetite Grows

It has been quite awhile since the global bulk carrier market has had much to cheer about, but U.S. dry bulk shippers are set to post strong revenue growth in the next two years thanks to soaring Chinese

Photo: Samsung Heavy Industries Co., Ltd

Samsung Heavy Bags USD 197 Mln LNG Carrier Order

 South Korean shipbuilder Samsung Heavy Industries (SHI) has bagged a KRW 210 billion (USD 195 million) deal, for construction of an liquefied natural gas (LNG) carrier.   A report in Business Korea

Photo: Hyundai Heavy Industries

Hyundai Heavy to Raise $1.2B Via Rights Offering

 South Korea's Hyundai Heavy Industries (HHI)  plans to raise about 1.29 trillion won ($1.2 billion) in an initial public offering (IPO)  and list its refining subsidiary Hyundai Oilbank.   The report

Photo: Dalian Shipbuilding Industry

China to Roll Out Smart Crude Oil Carrier

China's Dalian Shipbuilding Industry Co (DSIC) is working on China's first smart crude oil carrier - a special project named "smart ship 1.0 R&D - which will incorporate technology to help the captain operate the ship.