South Korean shipyards and shipowners will raise billions of dollars via new stock market listings later this year. The yards hope to capitalize on the start of a shipping “super-cycle”...

By Devika Krishna Kumar and Julia Payne (Reuters) – Exxon Mobil Corp has lost two veteran crude oil traders from its U.S. energy trading group and a third is leaving...

The European Union and the European Investment Bank Group, today said they will increase their cooperation and investment in the maritime “blue” economy. The institutions will work jointly with European...

By Jacob Gronholt-Pedersen (Reuters) Denmark’s Maersk (AMKBY) said on Wednesday it expected its “exceptionally strong” performance in the first quarter to continue for the rest of the year, driven by...

The Baltic Dry Index and bulk ship rates are soaring along with related ETFs. One reason might be a surge in global wheat, corn, and soybean prices alongside new export...

by Carolyn Cohn (Reuters) – The recent blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers,...

By Stephen Stapczynski (Bloomberg) As soon as retail investor Calvin Froedge heard that a massive container vessel was stuck in the Suez Canal, he pulled his car over to the...

By Nadine Awadalla, Jessica Jaganathan, Roslan Khasawneh and Julia Payne Dredging and tugging salvage efforts aimed at freeing a mega vessel stuck in the Suez Canal failed on Friday to...

By Aaron Clark (Bloomberg) –A back-of-the-envelope calculation shows there’s about $9.6 billion worth of daily marine traffic halted by the massive container vessel that lodged in the Suez Canal earlier...

By Jonathan Saul (Reuters) – Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in carbon dioxide emissions as the sector accelerates efforts...

By Jessica Jaganathan (Reuters) – About one-third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part...

The Baltic Index (BDIY), which provides a benchmark for the price of moving the major raw materials by sea, fell for a seventh straight session yesterday and is down almost five...

by Denise Wee (Bloomberg) Genting Hong Kong Ltd., a cruise ship operator, will temporarily suspend all payments to its creditors, which will likely result in events of defaults, it said...

by Jacob Gronholt-Pedersen (Reuters) – Shipping group Maersk on Wednesday issued full-year earnings guidance above its forecast at the beginning of the year and said it expects demand for moving...

by Jessica Jaganathan (Reuters) – The court-appointed manager of Singapore Ocean Tankers is seeking to reclaim about $19 million from the Lim family directors of the firm, who allegedly transferred the...

With COVID19 wreaking havoc in the stock market, you might think that travel or tourism stock might be the biggest losers of the past decade. But, according to a new...

Last week SeaAhead’s Global Bluetech Summit in New York City brought together high-level stakeholders from around the world to discuss and support innovation at sea. The summit was unique because it...

by Niyati Shetty (Reuters) Japanese shipping firm Kawasaki Kisen Kaisha Ltd (K-Line) was convicted of criminal cartel conduct and ordered to pay a A$34.5 million ($23.50 million) fine by a...

PSA unboXed, the Singapore-based venture capital arm of PSA International, and Israeli-based theDOCK Innovation Hub have entered into an agreement to jumpstart innovative technologies that will benefit the port, maritime...

by Jacob Gronholt-Pedersen (Reuters) – The world’s largest container shipping company, A.P. Moller-Maersk, warned trade headwinds would slow growth this year, sending its shares down 10 percent on Thursday. Maersk...