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Shipping Corporation and Two Engineers Convicted in ‘Magic Pipe’ Case

  Diana Shipping Services S.A., a Panamanian corporation headquartered in Greece, Ioannis Prokakis and Antonios Boumpoutelos, both citizens of Greece, were convicted today after an 12-day bench trial on charges related to the illegal discharge of waste oil and oil-contaminated waste water from the M/V Thetis, a cargo vessel operated by Diana Shipping Services, announced…

Malaysia’s Petronas to Directly Source Newbuild LNG Ships

  Malaysia’s Petronas will directly procure newbuild liquefied natural gas (LNG) ships to bring down costs, the state oil firm said on Thursday. Last month, it applied to Canada’s National Energy Board for a license to export nearly 20 million tonnes of LNG a year from the West Coast, which would begin in 2019 and…

China Condemns U.S. Senate Over Maritime Dispute Resolution

  China said on Thursday it had lodged a formal complaint with the United States after the U.S. Senate passed a resolution expressing concern about Chinese actions in the disputed East and South China Seas. The U.S. resolution, passed on Monday, listed several examples of worrying Chinese behaviour, including China’s issuing of an official map…