News

By Roslan Khasawneh SINGAPORE, April 8 (Reuters) – Supertanker freight rates have fallen after last week’s highs as industry participants await the

The U.S. Department of Defense has opened the hospital ship USNS Comfort to patients with COVID-19 in order to relieve pressure on New York area hospitals, the

LONDON, April 7 (Reuters) – Ships must be allowed to change over overworked and exhausted crews to help to keep trade flowing as

European ferry operator Stena Line will furlough 600 employees and layoff 150 in the UK and Ireland as the coronavirus pandemic decimates passenger travel

By Jennifer A. Dlouhy and David Wethe (Bloomberg) — Inside more than a thousand offshore drilling rigs and oil production platforms that dot the Gulf of

By Claire Jiao, Siegfrid Alegado and Ann Koh (Bloomberg) — Port restrictions and canceled flights are straining the ability to replace seafarers on

By Jennifer Hiller HOUSTON, April 7 (Reuters) – Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production,

Shares of Carnival Corporation (NYSE: CCL) shot up more than 20% on Monday after it was revealed that Saudi Arabia’s public investment fund has taken a more

The Military Sealift Command hospital ships USNS Mercy and USNS Comfort were originally deployed to serve as referral hospitals for non-COVID-19 patients

A major accident was caught on camera today at the Port of Busan today when a containership struck multiple shoreside gantry cranes and another ship while

As cruise ships drawdown the number of passengers remaining on board, concern is growing for the tens of thousands of crew members, mostly foreign nationals,

The coronavirus pandemic is showing now sign of slowing down the salvage of the Golden Ray wreck in St. Simons Sound.  The Unified Command responsible for

By Catherine Traywick, Mario Parker and Justin Sink (Bloomberg) — On Thursday, U.S. President Donald Trump sent oil prices rallying on the prospect of

By Phil Stewart and Idrees Ali WASHINGTON, April 6 (Reuters) – The acting head of the U.S. Navy, in a surprise speech to the crew of a

By Gavin van Marle (The Loadstar) – The container shipping industry could lose as much as $23bn this year from reduced demand in the wake of the

WASHINGTON, April 5 (Reuters) – U.S. Defense Secretary Mark Esper defended the Navy’s controversial decision to remove the commander of a

By Javier Blas and Alex Longley (Bloomberg) –To outsiders, the oil trade of the day is so astonishing that even President Donald Trump sounded

An ultra-large containership belonging to CMA CGM is bypassing the Suez Canal on its return trip to Asia, adding some 3,000 miles and five days to the journey

A Venezuelan Navy ship has sunk after colliding with the ice-strengthened hull of an expedition cruise ship earlier this week.  The incident took place March

By Idrees Ali and Phil Stewart WASHINGTON, April 3 (Reuters) – Even as he is hailed as a hero by his crew, the fired commander of a coronavirus-stricken