News

By Mike Wackett (The Loadstar) – Orient Overseas International (OOIL) suffered a loss of $73m in its OOCL container business in the first six months

By Liam Denning (Bloomberg Opinion) — Energy dominance sure does seem to come with a hefty dose of self-flagellation. The latest bit of

By Jonathan Saul LONDON, Aug 6 (Reuters) – British ship insurer UK P&I Club is in the process of setting up a subsidiary in the Dutch port city

By Fran Golden (Bloomberg) — It was a cold and cloudy July day in Reykjavik, and French arts patron Maryvonne Pinault was at a pier fulfilling

A cargo ship which ran aground Friday night off Helsingborg, Sweden has been refloated with no pollution reported, the Swedish Coast Guard said Sunday. The

DUBAI, Aug 4 (Reuters) – Top oil exporter Saudi Arabia said on Saturday it has resumed all oil shipments through the strategic Red Sea shipping lane of

By Sheela Tobben and Rachel Adams-Heard (Bloomberg) — Rising trade tensions between China and the U.S. may soon affect global oil flows.

The world’s largest international maritime exercise concluded this week following more than a month of training events conducted in and around the

By Scott DiSavino and Chen Aizhu NEW YORK/BEIJING, Aug 3 (Reuters) – China’s proposed tariffs on U.S. liquefied natural gas and crude oil exports

By Mike Wackett (The Loadstar) – Non-operating owners of ageing gas-guzzling small containerships are likely to renew their interest in scrapping as the

By Andy Bruce LONDON, Aug 3 (Reuters) – Bank of England Governor Mark Carney said on Friday Britain faces an “uncomfortably high” risk of

By Naureen S. Malik (Bloomberg) — China is threatening to impose a 25 percent tariff on imports of U.S. liquefied natural gas, potentially a major blow

By Brian K. Sullivan (Bloomberg) — The Atlantic hurricane season may have gotten off to an early start this year, but it’ll probably end with a whimper

DUBAI, Aug 2 (Reuters) – Dubai’s government said on Thursday the London Court of International Arbitration (LCIA) has ruled DP World’s port

By Gavin van Marle (The Loadstar) – “Cautious investor sentiment towards greenfield container terminal projects” could lead to steeply

By James Stavridis (Bloomberg Opinion) — The vast annual military operation known as the Rim of the Pacific Exercise (simply RIMPAC in Pentagon jargon)

BEIJING, Aug 2 (Reuters) – Oil major BP has started discharging about 1 million barrels of Angolan crude to a Chinese independent refiner, after holding

The damaged car carrier Makassar Highway was been moored in Oskarshamn on Thursday after salvors completed its emergency tow from open waters of the Baltic

By Ruma Paul DHAKA, Aug 2 (Reuters) – A vessel that arrived in Bangladesh in April to offload its maiden cargo of liquefied natural gas and moor

By Jack Wittels and Alfred Cang (Bloomberg) — Shippers beware: oil refineries are starting to eradicate stockpiles of sulfur-rich fuel that