News

By Ira Breskin – NEW YORK –The local Coast Guard unit now is implementing critical lessons learned from a recently completed turbocharged cybersecurity

Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition

By Serene Cheong and Sharon Cho (Bloomberg) –Oil refiners hoping for some fourth-quarter gravy are facing disappointment as surging freight rates inflate

By Olivia Konotey-Ahulu and Firat Kayakiran (Bloomberg) –Nothing right now is stopping a surge in oil tanker rates that’s given owners of the vessels

The International Transport Workers’ Federation has joined Ukrainian and Croatian maritime unions in demanding that the search for seven missing Bourbon

Finnish technology group Wärtsilä has teamed up with Finnish rotor sail propulsion specialist Norsepower to pursue energy-saving rotor sail projects in the

Authorities in France are responded to the grounding of a cargo ship on the island of Corsica early Sunday morning. The 90-meter M/V Rhodanus with seven people

By Bloomberg News (Bloomberg) — China wants to hold more talks this month to hammer out the details of the “phase one” trade deal touted by Donald

Officials overseeing the salvage of the overturned Golden Ray in Brunswick, Georgia have opted to dismantle the vessel in place in lieu of refloating it due to

By Ron Bousso LONDON, Oct 14 (Reuters) – Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest

By Olivia Konotey-Ahulu and Firat Kayakiran (Bloomberg) –Nothing right now is stopping a surge in oil tanker rates that’s given owners of the vessels

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

By Brian Wingfield and Firat Kayakiran (Bloomberg) –Supertankers hauling oil on some of the world’s longest trade trade routes had already been

DUBAI, Oct 12 (Reuters) – Leakage of cargo from an Iranian-owned oil tanker apparently hit by missiles in Red Sea waters off Saudi Arabia has been

By Jenny Leonard (Bloomberg) — The U.S. and China reached a partial agreement Friday that would broker a truce in the trade war and lay the groundwork

By Marianna Parraga and Roslan Khasawneh MEXICO CITY/SINGAPORE, Oct 11 (Reuters) – Nearly 300 oil tankers globally have been placed off limits as

By Nidhi Verma and Chen Aizhu NEW DELHI/SINGAPORE, Oct 11 (Reuters) – Asian oil refiners are grappling with a jump in global freight rates that shows no

By Anna Shiryaevskaya and Stephen Stapczynski (Bloomberg) –The cost of chartering a liquefied natural gas vessel on the short-term market has jumped the

By Parisa Hafezi and Sylvia Westall DUBAI, Oct 11 (Reuters) – An Iranian-owned oil tanker was struck, probably by missiles, in the Red Sea off Saudi

NEW YORK, Oct 10 (Reuters) – Phillips 66 tentatively chartered a supertanker to ship U.S. crude from the U.S. Gulf Coast to South Korea for a record $14