Samsung Heavy Rallies after Profits Far Exceed Estimates
(Bloomberg) — Samsung Heavy Industries Co., the world’s second-largest shipyard, rallied the most in eight months in Seoul trading after
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(Bloomberg) — Samsung Heavy Industries Co., the world’s second-largest shipyard, rallied the most in eight months in Seoul trading after
The first of Crowley’s four ocean class tugs, Ocean Wave, completed its first job earlier this month by removing a grounded containership from the
(Bloomberg) — Workers contained a spill of diesel fuel caused by superstorm Sandy, blocking it from flowing into a waterway that separates New Jersey and
LONDON–Iran is playing a complex game of cat-and-mouse as it tries to assist its ally Syria while avoiding tighter international sanctions on its oil
(Bloomberg) — Rates for tankers hauling refined fuels jumped to more than a six-month high as superstorm Sandy disrupted shipping schedules, according to
National Oceanic and Atmospheric Administration (NOAA) meteorologist may finally be able to catch up on sleep as Sandy begins to disappear but the work of
(Bloomberg) — Prices for new ships have fallen to an eight-year low as shipyards sacrifice margins to win orders. Hyundai Heavy Industries Co., the
Hurricane Sandy isn’t the only storm causing problems for mariners this week. In India, a powerful cyclone that has been brewing in the northern Indian
By Combined Maritime Forces (CMF) The Indian Ocean, and Gulfs of Aden and Oman have long been an ample hunting ground for the pirates who wish to ply their
An explosion at a South Korean shipyard has killed two workers and injured nine others, Yonhap News Agency has confirmed with Police. The explosion occurred at
PORTSMOUTH, Va. — The Coast Guard continues its search Wednesday for the missing captain of the HMS Bounty approximately 145 miles southeast of
Chilean shipper Compania Sud Americana de Vapores SA (VAPORES.SN) posted a quarterly profit for the first time in two years. The company reported a net
(Bloomberg) — China Shipping Container Lines Co., the nation’s second cargo-box carrier, rose the most in more than four months in Hong Kong
(Bloomberg) — Nippon Yusen K.K., Japan’s biggest shipping line, lowered its annual profit forecast and Mitsui O.S.K. Lines Ltd. predicted a loss as
The non-profit maritime heritage organization Tall Ships America, of which the HMS Bounty was a member, released a statement on Tuesday expressing its
A seventh shipbreaker has died as the result of an explosion on board a beached tanker at an Alang shipbreaking yard earlier this month. gCaptain reported on
Fednav, the world’s largest operator of ice-classed vessels and Canada’s leading deep-sea bulk transporter, announced Tuesday that it has placed an
Captain Keith Schultz wakes up every morning on board the Q4000 with a long day ahead of him. Much more than just sailing the vessel safely throughout the
A Russian cargo ship with a nine-man crew and carrying 700 tons of gold ore has gone missing off of Russia’s Pacific coast. The Russian-flagged vessel,
United States Coast Guard helicopter crews rescued 14 sailors from two life rafts after the 3-masted ship Bounty foundered in the storm-tossed Atlantic Ocean
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