News

The dismantling and recycling of the infamous Costa Concordia cruise liner has been completed in Italy, marking the official end to final phase of what is

FRANKFURT, July 13 (Reuters) – Logistics entrepreneur Klaus-Michael Kuehne has raised his shareholding in German container shipping line Hapag-Lloyd to

By Nina Chestney LONDON, July 13 (Reuters) – The United States is on track to have capacity to become the world’s second largest exporter of

ISTANBUL, July 13 (Reuters) – Turkey has sent two ships and a submarine to monitor a drilling vessel in the eastern Mediterranean Sea, the military said

COPENHAGEN, July 13 (Reuters) – Denmark’s state prosecutor charged the former manager of OW Bunker’s Singapore subsidiary with fraud on

By Serene Cheong (Bloomberg) — The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge by offering

By Mike Wackett (The Loadstar) – Unsecured creditors of bankrupt panamax containership owner Rickmers Maritime Trust (RMT) will each receive just

By Nina Chestney LONDON, July 12 (Reuters) – One of the biggest icebergs on record has broken away from Antarctica, scientists said on Wednesday,

By Bart H. Meijer AMSTERDAM, July 12 (Reuters) – The Dutch competition watchdog said on Wednesday it was investigating a possible illegal, price-fixing

A ship recycling facility in Izmir, Turkey has become the first yard in the country to receive a Statement of Compliance verifying that its shipbreaking

By Adam Williams and Angelina Rascouet (Bloomberg) — Mexico’s decision to allow private companies to explore for oil and gas started to pay off after

By Debjit Chakraborty and Serene Cheong (Bloomberg) — A type of U.S. crude pumped in the Gulf of Mexico is proving to be more attractive in the

New Report Recommends Construction of Four New Polar Icebreakers of the Same Design as the Lowest-Cost Strategy for Protecting U.S. Interests in Arctic and

French offshore services company Bourbon Offshore announced Tuesday it has signed on to a project which is aimed at building of the world’s first

An average of 1,390 containers have been lost at sea each year over the past three years, according to a new survey of the world’s ocean carriers by the

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc, the oil company that spent more than $50 billion to buy natural-gas producer BG Group Plc, is

By Tim Kelly TOKYO, July 11 (Reuters) – The U.S. Navy on Tuesday said on Tuesday it has temporarily relieved, for medical reasons, the commander of a

The USS Fitzgerald entered dry dock at a United States Navy base in Yokosuka, Japan to continue repairs and assess damage following its June 17 collision with

FRANKFURT, July 10 (Reuters) – Europe’s largest tourism group TUI Group said on Monday it had sold its stake in container shipper Hapag-Lloyd,

By Robert Olsen (Bloomberg) — Former Hong Kong Chief Executive Tung Chee-hwa and his family will be about $1 billion richer with the sale of their