Shipping News

By Naureen S. Malik (Bloomberg) — The first floating terminal proposed to export natural gas out of the Gulf of Mexico has been cleared by U.S.

Armed pirates aboard a skiff attacked an oil tanker underway in the Gulf of Oman on Thursday, but the attack was repelled when the ship’s security team

FRANKFURT, June 1 (Reuters) – Commerzbank AG on Thursday announced significant steps in its effort to shed its 4.5 billion euro ($5.05 billion) portfolio

By Mike Wackett (The Loadstar) – The container businesses of K Line, MOL and NYK will operate under the tradename Ocean Network Express (ONE) from 1

By Mikael Holter (Bloomberg) — Norway’s biggest bank is done comparing: The downturn in the country’s offshore services market has no precedent.

Japanese shipping company Mitsui O.S.K. Lines says it has confirmed an average 2% reduction in overall carbon dioxide emissions in live tests of its

By R.T. Watson (Bloomberg) — A second vessel contracted to haul iron ore for Brazilian miner Vale SA was delayed for repairs following the loss of a

By Mikael Holter (Bloomberg) — Norway is seeking greater leeway to restrict foreign ownership of its offshore fields, a move seen to be potentially

By Natalie Obiko Pearson (Bloomberg) — Kinder Morgan Inc. has committed to expanding a pipeline that will allow Canadian crude to be exported to Asia, a

By Anna Hirtenstein (Bloomberg) — Power-generating kites backed by Royal Dutch Shell Plc, Schlumberger Ltd. and EON SE will start tests in the U.K. this

A top U.S. Coast Guard official admitted at a recent congressional oversight hearing that the U.S. Coast Guard “has not been aggressively enforcing the

South Carolina Ports’ project to deepen Charleston Harbor to 52 feet has received the funding needed to begin construction as planned this fall, the port

The Master of a containership is reported to have committed suicide aboard his ship during a recent voyage from New York and Tilbury, England. The

Maersk Drilling says it has been awarded a 150-day contract extension by ExxonMobil for the ultra-deepwater drillship Maersk Viking at a significantly lower

NAIROBI, May 24 (Reuters) – Djibouti has formally opened one of four new ports designed to cement the tiny Horn of Africa nation’s position as a

May 24 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to its lowest in

By Alex Nussbaum (Bloomberg) — For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters — the

By Catherine Traywick and Jennifer A. Dlouhy (Bloomberg) — The White House plan to trim the national debt includes selling off half of the nation’s

By Jonathan Saul and Tom Arnold LONDON/DUBAI, May 23 (Reuters) – Gulf-based bidders have emerged for the part-owned subsidiary of United Arab Shipping

  By Gavin van Marle (TheLoadStar) A dramatic turnaround in the fortunes of recently acquired APL helped French carrier CMA CGM offset a slight