Shipping News

The price of low sulphur fuel oil has dropped steeply in recent weeks at the bunkering hub of Singapore in a sign that the bunker market is stabilizing

A new project looking to launch the world’s first ammonia-powered supply vessel has received major funding from the European Union, setting the stage for

By Fran Golden (Bloomberg) –One of the biggest trends in high-end cruising is extremely small. It’s the opposite, in some ways, of everything you’d

By Roslan Khasawneh SINGAPORE, Jan 23 (Reuters) – The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that

The owners of the MT Odfjell Bow Fortune, the 600-foot tanker that collided with a fishing vessel near Galveston, Texas on January 14, has asked a Federal

By Firat Kayakiran and Jack Wittels (Bloomberg) –The world’s largest container shipping line is hiking up a fuel surcharge that it imposes to transport

IMO Secretary-General Kitack Lim says the implementation of new International rules limiting the sulphur content of fuel used by ships has gone relatively

(Reuters) – U.S. oilfield services provider McDermott International Inc said on Tuesday it would file for prepackaged bankruptcy protection under Chapter

By Kyunghee Park (Bloomberg) –Container-shipping companies, some of the biggest polluters of the world’s oceans, are managing to pass higher costs onto

Pirates have released eight crew members kidnapped from the Greek tanker Happy Lady back in December as the vessel was anchored off the port of Limboh in

Pirates off the coast of Nigeria chased and shot at a containership underway on Tuesday in the first reported piracy incident in the Gulf of Guinea region so

By William Mathis (Bloomberg) –One of the most advanced developers of the growing floating wind farm business, Principle Power Inc., is seeking to raise

Pirates have released nineteen crew members kidnapped from a tanker in Gulf of Guinea last month, the vessel’s owner says. Unfortunately, one crew member who

Croatian industrial group DIV Group has agreed to purchase Norwegian shipyard Kleven Verft from Hurtigruten. DIV Group is owner of Brodosplit, the largest

The European Union has provided more than 20 million euros to a pioneering project in Norway to advance autonomous ship technology. The funding, one of the

By Sinan Ulgen (Bloomberg Opinion) –Could a new infrastructure project shape the future of Turkish politics? That is one of the questions surrounding

By Sangmi Cha and Josh Smith SEOUL, Jan 21 (Reuters) – South Korea’s military said on Tuesday it plans to expand the deployment of an anti-piracy

The captain of a Marshall Islands-flagged tanker has been convicted and fined $3,000 AUD in Australia after waiting several hours to report that his ship had

The U.S. Navy will name the next Gerald R. Ford-class aircraft carrier in honor of World War II hero Doris Miller, a Navy cook who jumped into action to

By Marianna Parraga and Neil Marks Jan 20 (Reuters) – A vessel carrying Guyana’s first-ever shipment of crude set sail on Monday bound for the U.S.