News

Methanol shipping specialist Waterfront Shipping has announced a plans to build four new oceangoing tankers capable on running on clean-burning methanol fuel.

By Perry Williams (Bloomberg) — Australia’s Woodside Petroleum Ltd. finally got what it wanted from Exxon Mobil Corp. And it only cost $744 million. As

By Mike Wackett (The Loadstar) – Already facing higher fuel costs, ocean carriers could now be hit by a rise in charter hire rates. Container

By Jim Efstathiou Jr. (Bloomberg) — With state officials eyeing $56 billion of wind farm projects off the American coastline, developers are

By Anthony Deutsch AMSTERDAM, Feb 14 (Reuters) – An offshore seaweed farm in the North Sea will be turned into a large solar power farm that aims to

By Ron Bousso LONDON, Feb 14 (Reuters) – Penguins, Royal Dutch Shell’s latest oil and gas development in a remote corner of the British North Sea,

By David Wethe and Sheela Tobben (Bloomberg) — The latest example of America’s turnaround from buyer to supplier in the global oil market can

TOKYO, Feb 14 (Reuters) – Japanese shipping company Nippon Yusen KK said it had set up an investigation committee after finding that former managers at a

Global sea level rise has been accelerating in recent decades, rather than increasing steadily, according to a new study based on 25 years of NASA and European

Shortly after its official delivery last month, Teekay’s new icebreaking LNG carrier Eduard Toll made its way to complete both its first

By Mike Wackett (The Loadstar) – Hyundai Merchant Marine (HMM) slumped to a KRW1.2trn ($1.1bn) net loss in 2017. And this follows a KRW484bn loss the

SYDNEY, Feb 13 (Reuters) – A British warship will sail through the South China Sea next month to assert freedom-of-navigation rights, British Defence

French offshore services provider Bourbon has announced a new strategic plan that will involve reorganizing the company into three distinct business units and

BENGALURU, Feb 13 (Reuters) – A blast caused by a fire on a ship under repair at India’s Cochin Shipyard Ltd killed five people on Tuesday, and

NOAA satellites aided in the rescue of 275 lives in 2017, including 186 rescues taking place at sea, according to new numbers released by U.S. National Oceanic

By Javier Blas and Dan Murtaugh (Bloomberg) — The flood of crude leaving the U.S. could be about to get a major boost: the nation’s top imports

TUI Cruises, part of Europe’s largest tourism group TUI Group, announced plans on Monday to order a newbuild cruise ship to be built at the Finnish Meyer

By Mike Wackett (The Loadstar) – A new report estimates that over the past 21 years the container industry has “destroyed” about $110bn of

By Tony Capaccio (Bloomberg) — President Donald Trump’s $686 billion defense request for the coming fiscal year would propel the Navy toward a new goal

The disabled MOL Prestige is now safely moored at the Port of Seattle more a week after an engine room fire knocked out power to the vessel and severely