Stronger Demand for Bigger Vessels Pushes Baltic Index Towards 600
April 14 (Reuters) – The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities extended gains on
April 14 (Reuters) – The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities extended gains on
By Jennifer A. Dlouhy (Bloomberg) — The Obama administration will issue sweeping new regulations on offshore drilling Thursday, imposing potentially
The $5.3 billion Panama Canal expansion project is finally opening June 26 following years of
By Tiffany Kary and Joe Carroll (Bloomberg) — Energy XXI Ltd. filed for bankruptcy protection after spending $5 billion on acquisitions in the years
By Naureen S. Malik (Bloomberg) — The U.S. is grappling with the biggest glut of natural gas in four years. And you wouldn’t know it from the number of
Cargo shipments at the Port of Long Beach were up 6.1 percent for the first three months of 2016 compared to the same period last year, starting the year
Land, a line on the radar, a steady light off the port bow. Only the radar doesn’t match the chart or compass bearing. Something is off. Drawing closer, but
A United States Navy destroyer operating in international waters in the Baltic Sea experienced several close passes by a pair of Russian fighter jets
Another brazen attack off Nigeria as pirates board and kidnap two crew members from a containership underway. The ship has been identified as the
Despite a global reduction of piracy across international waters during the first three months of 2016, piracy in the Gulf of Guinea, including kidnappings for
By Phil Stewart WASHINGTON, April 13 (Reuters) – Two Russian warplanes with no visible weaponry flew simulated attack passes near a U.S. guided missile
By Mike Wackett, (The Loadstar) – Laid-up containership capacity “remains at an alarmingly high level”, according to the latest review by Alphaliner
By Kyunghee Park (Bloomberg) — Yangzijiang Shipbuilding Holdings Ltd., China’s biggest private shipbuilder, won a $510 million order to build six very
Norwegian shipowner Atlantic Offshore says it has secured its continued operation amid the weak offshore market with an agreement to sell the
By Justin Bachman (Bloomberg) — Carnival Corp.’s maiden voyage to Cuba next month will be filled with almost 700 cruisers looking to spend time
By Aradhana Aravindan and Keith Wallis SINGAPORE, April 12 (Reuters) – Marine and offshore engineering companies are turning to cruise ships, fishing
Rolls-Royce’s Advanced Autonomous Waterborne Applications Initiative (AAWA) project has unveiled its vision for how remote and autonomous drone ships
By Mike Wackett (The Loadstar) – The Suez Canal Authority (SCA) has reacted to the increasing number of backhaul voyages being routed to Asia via the
Norwegian offshore vessel owner DOF Group says it has won two contracts for two of its vessels in the North Sea. The first contracted was awarded to the DOF
European shipowners have welcomed the own-initiative report by the European Parliament to be adopted this week on migration, outlining in detail how the
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