WASHINGTON, Jan 31 (Reuters) – The Pentagon said on Thursday it awarded Huntington Ingalls Industries Inc a $15.2 billion contract to build two

Turkey has ratified the IMO Hong Kong Convention for the safe and environmentally sound recycling of ships, becoming the first of the five major shipbreaking

Houston-based Kirby Corporation has announced a definitive agreement to acquire the marine transportation fleet of Houma-based Cenac Marine Services for

A total 744 large ocean-going commercial vessels were sold to scrap yards in 2018, of which 518 were broken down on beaching yards in Bangladesh, India and

Pirates have released six Russian seafarers kidnapped from the containership MSC Mandy during an attack off the coast of Benin earlier this month. Russia’s

By Deisy Buitrago and Marianna Parraga Jan 30 (Reuters) – Venezuela’s oil inventories have started to build up at the country’s ports

By Christopher Martin (Bloomberg) — Over the past year, U.S. Wind got calls “every day” to sell a lease the energy company bought for $1

By Hyunjoo Jin SEOUL, Jan 31 (Reuters) – Hyundai Heavy Industries, the world’s biggest shipbuilding group, has announced a share swap deal worth

By Uday Sampath Kumar Jan 30 (Reuters) – Royal Caribbean Cruises Ltd said on Wednesday it was heading into 2019 with record bookings for cruises and

By Enda Curran and Shawn Donnan (Bloomberg) — Warehouses in southern California are full to bursting with Chinese goods rushed across the Pacific ahead

LONDON, Jan 30 (Reuters) – Sweden’s Stena and Bermuda-registered Stolt-Nielsen are reviewing their UK-registered ships ahead of Britain’s departure

By Krystal Chia (Bloomberg) — The global iron ore market was pitched into turmoil after Brazil’s Vale SA, the world’s largest producer, outlined

SEOUL, Jan 30 (Reuters) – South Korea’s Hyundai Heavy Industries Group, the world’s biggest shipbuilder, is interested in buying a stake in

It’s been an active beginning to 2019 in terms of maritime casualties.  The phone at the Panama Marine Accident Investigation Department was likely

China state oil company CNOOC on Tuesday announced a major new oil discovery at the Glengorm prospect in the U.K. sector of the North Sea. The Glengorm

By Mayela Armas and Deisy Buitrago CARACAS, Jan 29 (Reuters) – The Trump administration’s sanctions on Venezuelan oil, aimed at driving

The Port of Savannah moved a record 4.35 million TEU in 2018, making for a 7.5 percent increase over 2017, according to a report from Georgia Ports Authority

By Julian Lee (Bloomberg Opinion) — President Donald Trump has slapped oil sanctions on Venezuela, and they will hit hard. Although they

By Bate Felix and Wendell Roelf PARIS/CAPE TOWN, Jan 29 (Reuters) – Total is launching its biggest exploration campaign for years in 2019 as part of a

By Kyunghee Park (Bloomberg) — The world’s biggest shipbuilder sees China’s cleanup of its smoggy skies lifting prices of the vessels this