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  • Royal Canadian Navy readies for a new oceanic era

    Not since the great era of exploration in the 16th century have oceans played such an important role... Read more »

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According to a report from Dow Jones, Brazilian iron ore miner Vale SA (VALE, VALE5.BR) said it took delivery of the world's biggest ore carrier, a 400,000 tons
The Baltic Dry Index (BDI), which tracks global international shipping prices of various dry bulk cargoes, has fallen almost 50% in the past six months due to vessel oversupply.While the BDI represents a more global picture, the Indian scenario is no...
The Hong Kong-listed Pacific Basin Shipping has revealed its vessel ‘Port Pegasus’ was discharging cargo in Onahama when the tsunami struck and endured the ordeal with no crew injuries and no notable damage to the ship.
DryShips subsidiary Ocean Rig UDW has signed an US$800 million syndicated secured term loan facility to partially finance the construction costs of the ‘Ocean Rig Corcovado’ and ‘Olympia’. Read more...