Shipping News

By Andrea Shalal and Mike Stone SIMI VALLEY, Calif., Dec 4 (Reuters) – The U.S. arms industry is ready and capable of boosting production of new ships if

STANBUL, Dec 2 (Reuters) – Heavy winds forced a Russian ship to run aground off the coast of Istanbul on Friday, Turkey’s Dogan news agency

By Rakteem Katakey (Bloomberg) — Brent crude is headed for its biggest weekly gain since 2009 after OPEC approved its first supply cut in eight years,

By Tony Capaccio (Bloomberg) — The U.S. Navy’s Littoral Combat Ship program “stands at a crossroads,” as the service prepares to ask Congress

Carnival Corporation’s Princess Cruise Lines has agreed to plead guilty to seven felony charges stemming from illegal oil dumping at sea and intentional

By Jacob Gronholt-Pedersen COPENHAGEN, Dec 1 (Reuters) – Maersk Line, the world’s biggest shipping company, is to buy smaller rival Hamburg Süd,

The following statement was released by the rating agency LONDON, November 30 (Fitch) Muted demand growth will exacerbate overcapacity for the shipping sector

By Benjamin Katz (Bloomberg) — BAE Systems Plc’s Scottish dockyards should be excluded from the lead role on a new class of Royal Navy frigate in

By David Shepardson WASHINGTON, Nov 29 (Reuters) – President-elect Donald Trump plans to nominate former Labor Secretary Elaine Chao to head the

LONDON, Nov 29 (Reuters) – Britain needs to speed up shipbuilding for the Royal Navy and spread work more widely across companies and shipyards to help

By Mike Wackett (TheLoadstar) The Asia-Mediterranean trade is still “over-tonnaged”, with headhaul ship utilisation below other major east–west markets,

Officials in the Cayman Islands are trying to determine exactly how much damage was caused to a coral reef after the grounding of the containership MV Saga

By Idrees Ali WASHINGTON, Nov 28 (Reuters) – An Iranian Islamic Revolutionary Guard vessel pointed its weapon at a U.S. military helicopter in the Strait

I don’t really get seasick, or any kind of motion sickness for that matter, but then again I’ve never landed a helicopter on the back of a heavily

By Sophie Sassard and Ron Bousso LONDON, Nov 28 (Reuters) – Denmark’s A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas

By Keith Wallis SINGAPORE, Nov 28 (Reuters) – Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs last week, could climb

BRUSSELS, Nov 28 (Reuters) – The European Union’s naval mission will keep patrolling for pirates off the coast of Somalia for another two years, to

Ship traffic in the Bosphorus strait was halted for about an hour Monday after a bulk carrier collided with a roll-on/roll-off vessel around the

By Greg Torode (Reuters) Beijing on Friday warned countries against maintaining military ties with Taiwan, after Singaporean armored troop carriers were seized

By Gavin van Marle (The Loadstar) – Troubled non-operating container shipowner Rickmers Maritime Trust today denied it had scrapped a seven-year-old