Photos: Fire-Stricken Yantian Express Spotted in Atlantic Ocean

We’re getting our first good look at damage to the Hapag-Lloyd ship Yantian Express after a container fire broke out on January 3 during a trip across the Atlantic Ocean en route to Halifax, Nova Scotia. The ship was spotted Tuesday, January 15, as the 7,510 TEU-capacity containership was under tow to Halifax by the […]

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May’s Brexit Deal Suffers Stinging Defeat in Parliament

By William James, Kylie MacLellan and Elizabeth Piper LONDON, Jan 15 (Reuters) – British lawmakers defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave. After parliament […]

Singapore 2018 Bunker Volumes Dip, Outlook for this Year Uncertain

By Roslan Khasawneh SINGAPORE, Jan 15 (Reuters) – Sales of marine fuels in Singapore, the world’s biggest ship fuelling port by volume, totalled 49.8 million tonnes in 2018, down 2 percent from a record the year before, the Maritime and Port Authority of Singapore (MPA) said on Monday. December sales volumes of marine fuels, also […]

Russia’s Sovcomflot IPO Hobbled by Weak Freight Markets

By Oksana Kobzeva MOSCOW, Jan 15 (Reuters) – Russian state-owned shipping company Sovcomflot said on Tuesday that uncertain conditions in the freight market are delaying its long-planned initial public offering (IPO). The Russian government has weighed a listing of Sovcomflot for years as part of broader privatisation plans, but obstacles ranging from weak markets to […]

Norway Supreme Court to Hear Snow Crab Case with Implication for Oil

By Gwladys Fouche OSLO, Jan 15 (Reuters) – Norway’s Supreme Court will on Tuesday hear arguments on whether EU ships can fish for snow crab off Arctic islands north of Norway without permission from Oslo, a case that could decide who has the right to explore for oil in the region. At stake is whether […]

U.S. Government Shutdown Drags Into Fourth Week Amid Stalemate

By Jeff Mason WASHINGTON, Jan 14 (Reuters) – President Donald Trump on Monday rejected a Republican call for temporarily reopening shuttered U.S. government agencies to encourage negotiations with Democrats over border security issues, as a partial government shutdown limped through its 24th day. About one-quarter of federal government operations have been shut down by a lack […]