The Feds Won’t Buy This $19 Million Stealth Boat—or Let It Be Sold Abroad
By Caroline Winter (Bloomberg) — Self-made millionaire Gregory Sancoff has spent a decade and $19 million building a highly unusual stealth boat. Called
By Caroline Winter (Bloomberg) — Self-made millionaire Gregory Sancoff has spent a decade and $19 million building a highly unusual stealth boat. Called
The Danish Maritime Authority is preparing for a future that includes autonomous ships by launching a pre-study on the matter. The Authority says that unmanned
By Keith Wallis SINGAPORE, Oct 21 (Reuters) – Freight rates for very large crude carriers (VLCCs) could dip but are likely to remain firm next week on
Long video but worth a watch if you want to see one of the most unique ships of the last decade in action. The ship is Allseas’ Pioneering Spirit,
Louisiana-based Edison Chouest Offshore is building 13 Damen-designed heavy duty mooring assistance and escort tugs in response to two major contract wins in
A group of 52 leading maritime players have called on the International Maritime Organization to act on cutting emissions from the shipping industry ahead
Norway-based Norsafe, a leading manufacturer of marine life-saving equipment for the commercial and offshore market, says it is concerned about the recent
By Idrees Ali and Matt Spetalnick WASHINGTON, Oct 21 (Reuters) – A U.S. navy destroyer sailed near islands claimed by China in the South China Sea on
By Joyce Lee SEOUL, Oct 21 (Reuters) – Hanjin Shipping Co Ltd is in talks to sell its stake in the Long Beach Terminal in California to Geneva-based
Just over a year ago Youtuber Th Bee (aka TheraDrone) launched his Phantom 3 Professional drone from a quiet beach in Belgium to chase a passing MSC
A serious fire broke out overnight in the cargo area of a pure car and truck carrier docked at the Port of Antwerp. According to reports the fire erupted
(Bloomberg) — U.K. warships are monitoring a Russian aircraft-carrier group sailing past Britain’s eastern coast to the Mediterranean Sea to supplement
PARIS, Oct 20 (Reuters) – CMA CGM, the world’s third-largest container shipping firm, has already reimbursed half of a $1.6 billion bank loan taken
By Denise Wee (Bloomberg) — Singapore-based shipping trust Rickmers Maritime said it received a letter from lawyers representing some investors stating
SINGAPORE, Oct 20 (Reuters) – Singaporean conglomerate Keppel Corp reported a 38 percent fall in its third-quarter profit as low oil prices resulted in a
By Keith Wallis SINGAPORE, Oct 20 (Reuters) – Freight rates for large capesize dry cargo ships on key Asian routes will continue to fall next week as too
The Panama Canal has recorded the third-highest annual tonnage in its 102-year history in 2016 helped by the opening of the new neopanamax locks. During fiscal
By Firat Kayakiran (Bloomberg) — Oil tanker rates jumped to a four-month high as traders booked the most cargoes for the time of year on record,
Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a
Bulk shipping companies Gearbulk and Grieg Star have announced their intensions to join forces in a joint venture that will operate a combined fleet of more
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