News

By Arno Schuetze and Jonathan Saul FRANKFURT/LONDON, June 14 (Reuters) – Deutsche Bank has found a buyer for the bulk of its bad ship loans as it seeks

Minnesota’s Duluth Harbor was briefly shut on Sunday after a large laker ran aground just short a breakwall. The 990-foot M/V American Spirit was

By Ryan Collins (Bloomberg) — In punching back against U.S. tariffs, China included almost all energy-related commodities on a list of its retaliatory

By Luis Felipe Fernandez and Jordi Rubio VALENCIA, Spain, June 17 (Reuters) – A migrant rescue boat turned away by Italy and Malta arrived at the

By Andrew Mayeda (Bloomberg) The Trump administration moved the U.S. to the edge of a trade war with China by announcing tariffs on $50 billion in Chinese

by Yoshiyuki Osada (Reuters) – Shares of small Japanese shippers jumped this week after the historic summit between U.S. President Donald Trump and North

by Captain John Konrad (gCaptain) Early this month the House Committee on Intelligence held a panel to investigate China’s global plans for military

By Andrew Mayeda and Jenny Leonard (Bloomberg) — President Donald Trump’s administration moved the U.S. to the brink of a trade war with China,

The Indian Coast Guard has rescued all 22 crew member of a containership following a major fire aboard the vessel while about 50 miles off the coast of India

by Steve Scherer (Reuters) – Italy and France tried to patch up a row over immigration on Thursday as Pope Francis urged politicians everywhere to work

by Aishwarya Venugopal (Reuters) – Royal Caribbean Cruises said on Thursday it would buy a 66.7 percent stake in privately owned Silversea Cruises for

RIYADH/DUBAI, June 14 (Reuters) – Saudi Arabia and the United Arab Emirates announced a five-point aid plan for Yemen’s Hodeidah port and

A pair of crane operators at the Port of Long Beach on the U.S. West Coast have set a new productivity record for moving the most cargo using a

By Mohammed Ghobari and Mohamed Mokhashef ADEN, June 13 (Reuters) – A Saudi-led alliance of Arab states launched an attack on Yemen’s main port

By Gillian Tan (Bloomberg) — Stonepeak Infrastructure Partners, a $15 billion firm led by former Blackstone Group LP dealmakers, is seeking to sell barge

By Mike Wackett (The Loadstar) – COSCO’s $6.3bn takeover of Orient Overseas International (OOIL), parent of container line OOCL, is now in doubt,

By Rachel Adams-Heard (Bloomberg) — American gas prices could double by 2040 as the U.S. exports more liquefied natural gas, but consumers will be

The project to deepen the shipping channel leading to the South Carolina’s Port of Charleston to 52 feet will receive $49 million in federal funding next

One of the world’s leading offshore wind farm operators is making its entry in the North American wind market with a proposal to develop one of the the

By Mohamed Mokhashef and Mohammed Ghobari ADEN, June 12 (Reuters) – A Saudi-led coalition geared up on Tuesday for a military assault on