Finance

Shares of Overseas Shipholding Group (NYSE:OSG) soared almost forty percent in early morning trading after they announced that Saltchuk is interested in

By Jonathan Saul LONDON, June 29 (Reuters) – British professional services provider Lloyd’s Register (LR) has agreed to sell its business assurance

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

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

by Giulia Segreti (Reuters) Luxury yacht maker The Italian Sea Group has completed its initial public offering (IPO), setting a price of 4.90 euros per share

The European Union and the European Investment Bank Group, today said they will increase their cooperation and investment in the maritime “blue”

By Jacob Gronholt-Pedersen (Reuters) Denmark’s Maersk (AMKBY) said on Wednesday it expected its “exceptionally strong” performance in the

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

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

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

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

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

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

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

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

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

by Jacob Gronholt-Pedersen (Reuters) – Shipping group Maersk on Wednesday issued full-year earnings guidance above its forecast at the beginning of the

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

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

Last week SeaAhead’s Global Bluetech Summit in New York City brought together high-level stakeholders from around the world to discuss and support