News

Fabled Singapore oil trader Hin Leong hid about $800 million in losses racked up in futures trading on the orders of its founder Lim Oon Kuin, suggesting a

The captain of an Isle of Man-registered containership was murdered onboard his ship at the Port of Cartagena, Colombia, the ship’s manager has

By Krystal Chia (Bloomberg) — Freight rates for bulk commodities, which were torpedoed earlier this year as China’s economy took its initial hit from

By Catherine Ngai, Olivia Raimonde and Alex Longley (Bloomberg) — Oil plunged to the lowest level since 1986 as a deadly pandemic ravaging global

By Michelle Nichols NEW YORK, April 17 (Reuters) – On Oct. 10 last year, eight North Korean vessels – several carrying illicit coal shipments

By John Irish PARIS, April 17 (Reuters) – France defended its handling of the spread of the coronavirus through its flagship Charles de Gaulle aircraft

The Port of Virginia will close one of its terminals due to COVID-19’s impact on global trade.  Starting May 4, 2020, the port’s Portsmouth Marine

By Jonathan Saul LONDON, April 17 (Reuters) – Traders are storing an estimated record 160 million barrels of oil on ships – double the level from

By Mike Wackett (The Loadstar) – Headhaul capacity withdrawn by Asia-Europe and transpacific carriers has reached 3m teu, according to a survey by

The International Chamber of Shipping has teamed up with the International Air Transport Association to jointly call on governments to take urgent action to

By Phil Stewart and Idrees Ali WASHINGTON, April 16 (Reuters) – Sweeping testing of the entire crew of the coronavirus-stricken U.S. aircraft carrier

April 15 (Reuters) – Royal Caribbean Cruises Ltd said on Wednesday it would lay off or furlough about 26% of its workforce in the United States,

Eleven Irananian Islamic Revolutionary Guard Corps Navy (IRGCN) harrassed U.S. military vessels in international waters in the North Arabian Gulf, the U.S.

PARIS, April 15 (Reuters) – Nearly 700 sailors assigned to the French aircraft carrier Charles de Gaulle’s naval group have tested positive for the

LONDON, April 15 (Reuters) – A Hong Kong-flagged tanker was briefly detained in Iran before being freed after armed Iranian guards in speedboats directed

MSC Mediterranean Shipping Company (MSC) confirmed Wednesday that its network outage has now been resolved and its website and customer booking platform are

By Stephanie Kelly and Laura Sanicola April 15 (Reuters) – U.S. crude oil stockpiles rose by 19 million barrels last week, the biggest one-week increase

By Ron Bousso and Jonathan Saul LONDON, April 15 (Reuters) – Dozens of tankers holding jet fuel and gasoline are at anchor in sea lanes around

By Salvatore R. Mercogliano, Ph.D. – In the annals of maritime history and popular culture, the Mutiny on the Bounty holds a lofty place and remains

Princess Cruises has announced it is extending its suspension on sailings through June 30, 2020.  The extension was announced Tuesday in a video from