Austal USA has been awarded a fixed-price incentive contract option from the U.S. Navy worth US $71.7 million for the construction of a fifth Navajo-class

By Mike Wackett (The Loadstar) – The containership charter market shows no sign of softening as it goes into the usually slack summer season, despite

By William Mathis (Bloomberg) — Big Oil won’t be missed by its renewable power competitors. Shell Plc’s pivot away from wind farms and solar parks

The Shipbuilders Council of America (SCA) announced Alabama Shipyard received SCA’s annual “Excellence in Safety” Award.  SCA, the national

(Reuters) – Saudi Arabia wants enhanced maritime security in the crucial Gulf region as part of its rapprochement with long-timerival Iran, Foreign

By Brian K. Sullivan (Bloomberg) –The world’s oceans were the warmest on record in April and May, a development that could mean more severe

By Kevin Varley (Bloomberg) –There are more superyachts off the coast of Italy than anywhere else in the world right now, and from recent headlines

(Reuters) – President Vladimir Putin said this month that Russia was considering withdrawing from the Black Sea grain deal as he accused the West of

MANILA, June 18 (Reuters) – All 120 people onboard a ferry that caught fire at sea in central Philippines on Sunday have been rescued,

(Bloomberg) –Supertankers holding more than 20 million barrels of Saudi Arabian crude are clustered off Egypt’s Red Sea coast, the most since the

By Stephanie Baker and Jim Wyss (Bloomberg) –Former Google CEO Eric Schmidt bought the Alfa Nero superyacht that was ditched in Antigua in March

By Tim Kelly, Sakura Murakami and Yukiko Toyoda TOKYO, June 16 (Reuters) – Japan is preparing military aid for the Philippines to help secure

A Southern California charter boat has sunk after hitting a rock near Santa Cruz Island earlier Thursday morning. All 14 people on board abanded ship and were

By Alex Longley (Bloomberg) — The cost of shipping oil from Nigeria surged the most in more than a year at the end of a week in which some owners

The Australian Federal Police has charged the Master and Chief engineer of bulk cargo carrier for their alleged roles in the smuggling of nearly a ton of

MSC Cruises and Nordic energy company Gasum have announced the signing of a Letter of Intent (LOI) to collaborate on the supply of synthetic e-LNG, a carbon

By Mike Wackett (The Loadstar) – Asia-North European carriers are being obliged to discount rates at the time of year – the build-up to the peak

By Jack Wittels (Bloomberg) — The German summer may officially be just two weeks old but the Rhine river — a vital artery for the country and

(Bloomberg) — Iran is shipping the most crude in almost five years, fortifying its re-emergence on the geopolitical stage while posing risks

GENEVA, June 16 (Reuters) – The United Nations High Commissioner for Human Rights called on Friday for countries to clamp down on people