Daily oil shipping rates have surged to three-year highs, driven by strong demand and a shrinking supply of available vessels. Nearly 44% o...

Saudi Aramco and Iraq's SOMO have suspended crude sales to India's Nayara Energy following EU sanctions on the Russian-backed refiner. This...

"As part of the cooperation, ACME and NYK will explore offering green ammonia to customers globally whereby ammonia would be supplied from ...

Shipping Corporation of India (SCI) is planning to aggressively expand its fleet capacity by nearly 54% over the next 3-4 years.

The September 2010 quarter results brought cheer to key players in the shipping sector, including Shipping Corporation of India and GE Ship...

Great Eastern Shipping Company reported a growth of over 55 per cent in its consolidated net profit at Rs 168.65 crore during the July-Sept...

The latest data on spot tanker freight rates, a key segment for Indian shipping players, show signs of a recovery in global demand during t...

Most of the new additions are seen as part of reshuffling exercise by shipping companies to make their fleet younger.

The impact of the difficult operating environment for the global shipping industry was visible in the December 2009 quarterly results of th...

The shipping industry is possibly one of the few sectors where the operating environment has shown signs of worsening over the past few mon...

The spot average freight rate for VLCCs in Q4 was $33,305 per day, a decline of 42% y-o-y. In other segments, the spot average rate was dow...

Concerned with the steady fall in crude oil prices, the Indian shipping industry is waiting with bated breath for the outcome of OPEC’s all...

GE Shipping has nearly 77% of its 2.85 million dwt capacity being utilised in the tanker segment.

Mercator Lines (MLL), the private shipping company, is planning to acquire a jack-up rig with an investment of Rs 1,500 crore.

Religare Securities has recommended ‘buy’ on Mercator Lines and has raised their target price by 10 per cent to Rs 160 ( 54% upside from cu...

After its encouraging financial results for the year 2007-08, Mercator Lines, the second largest private shipping company.

India's leading chain of health, beauty and fitness centres, VLCC has announced plans to increase its fleet in the Middle East to 35 by 201...