News

By Shawn Donnan (Bloomberg) — One big headline from Friday’s initial report on first-quarter U.S. gross domestic product is the boost growth received

Danish ship designer Knud E. Hansen has signed a contract with Nanjing Jinling Shipyard in China to develop the basic design for three large roll-on/roll-off

By Julian Lee (Bloomberg) — Russia’s giant Soviet-era oil pipeline is a vital piece of Europe’s energy infrastructure, carrying crude to

By Mike Wackett (The Loadstar) – Japanese merged carrier Ocean Network Express (ONE) recorded a net loss of $586m in its first year of operation,

The number of total losses among vessels over 500GT hit at a 20-year low in 2018 despite growth in the global fleet, according to the International Union of

By Carolyn Cohn and Jonathan Saul LONDON, April 26 (Reuters) – Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing

Despite no reported losses in 2018, cargo liquefaction continues to pose a major threat to bulk carriers and their crews, according to bulk shipping

By Valerie Volcovici WASHINGTON, April 25 (Reuters) – The Trump administration’s plans to expand offshore drilling are on hold after a March court

Maersk Supply Service announced Thursday it has been awarded a major FPSO mooring project for a U.S. oil major in the Gulf of Guinea. nder the contract, Maersk

EU NAVFOR Somalia Operation Atalanta has apprehended five suspected Somali pirates following incident that transpired over the course of several days.

By Neil Jerome Morales and Karen Lema MANILA, April 25 (Reuters) – All offers from potential buyers of a strategically located but debt-laden Philippine

By David Lague and Benjamin Kang Lim ZHUHAI, China, April 25 (Reuters) – China’s powerful military is considered to be a master at concealing its

Wallenius and Swedish Orient Line have teamed up to launch a new shipping company focussing on the eco-friendly transport of forestry products and other goods

US-based subsea firm Ocean Infinity announced Wednesday it has completed the subsea inspection of the Grande America, which sank in the Bay of Biscay last

By Serene Cheong (Bloomberg) — It seems Asia’s biggest oil buyer can’t stay away from crude pumped in the world’s fastest-growing supplier for

By Jennifer A. Dlouhy, Jenny Leonard and Jennifer Jacobs (Bloomberg) — President Donald Trump is seriously considering waiving the requirement that only

Pirates in the Gulf of Guinea have struck again. The International Maritime Bureau’s Piracy Reporting Centre confirmed Wednesday that six crew

The Panama Canal has welcomed the 6,000th Neopanamax vessel through the Expanded Canal with the transit of the LNG carrier Energy Liberty on voyage from the

The Maritime Administrator of the Republic of the Marshall Islands has released its long-awaited report on the investigation into the 2017 loss of the Stellar

Qatar, the world’s second largest exporter of liquified natural gas, has taken its first firm steps in a massive LNG shipbuilding program that could