News

By Frances Schwartzkopff (Bloomberg) — A.P. Moeller-Maersk A/S may struggle to make a profit this year after the U.S. and China descended into a trade

By Dan Murtaugh (Bloomberg) — Natural gas, the cleanest and fastest-growing fossil fuel, has found itself in perhaps the oddest corner of the

French offshore services provider Bourbon says it has reached a deal with its lenders to temporarily withhold payments and servicing of its debt as the group

By Mike Wackett (The Loadstar) – One of Hapag-Lloyd’s largest shareholders has brushed off an approach by CMA CGM for merger talks. Any such deal

By John Browne (Bloomberg Opinion) — When it comes to climate change, I have always been a believer: not in hand-wringing debate, not in

By Tony Munroe and Eric Beech BEIJING/WASHINGTON, July 11 (Reuters) – China accused the United States of bullying and warned it would hit back after the

Bollinger Shipyards says it will build the U.S. Coast Guard’s new icebreakers at its facilities in Tampa, Florida if it is eventually selected as the main

By Mikael Holter (Bloomberg) — A strike curtailed oil production off Norway for the first time in six years as Royal Dutch Shell Plc shut a

A Chinese rescue diver who led a series of dives to help rescue six crew members from a sunken cargo ship will receive the 2018 IMO Award for Exceptional

The first half of 2018 has been a historically bad year for crude oil tankers as earnings hit their lowest level on record in heavy loss-making territory,

South Carolina Ports Authority reported a record container volume of 2.2 million twenty-foot equivalent container units (TEUs) during its 2018 fiscal year. The

The former Commanding Officer of the USS Fitzgerald pleaded not guilty to charges related to last year’s collision of the U.S. Navy destroyer with a

By Vera Eckert FRANKFURT, July 10 (Reuters) – German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to

By Gwladys Fouche and Lefteris Karagiannopoulos OSLO, July 10 (Reuters) – Hundreds of workers on Norwegian offshore oil and gas rigs went on strike

PANAMA CITY, July 9 (Reuters) – Panama and China opened free trade talks on Monday with the aim of crafting an agreement that could turn the Central

A U.S. Navy sailor assigned to the Arleigh Burke-class guided-missile destroyer USS Jason Dunham (DDG 109) died Sunday from injuries sustained while conducting

Greek ship owning company Costamare Inc has signed shipbuilding contracts for five charter-backed containerships at Jiangsu Yangzijiang Shipbulding in China.

By Natalie Obiko Pearson (Bloomberg) — A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell Plc and its

Norwegian ship designer Havyard Design & Solutions has been awarded a contract to the two new cargo vessels for Greenland’s exclusive shipping

The raised offer comes after Dorian LPG’s Board declined BW LPG’s initial unsolicited offer on May 29, saying the offer undervalued Dorian’s