News

PARIS, Dec 17 (Reuters) – Frenchman Francois Gabart set a world record for sailing around the world alone on Sunday, completing his journey in 42 days and 16

By Aaron Clark and Dan Murtaugh (Bloomberg) — A lump of coal is scooped onto a truck bed in Australia, driven to a port, loaded on a ship,

By Grant Smith (Bloomberg) — Oil steadied above $57 a barrel in New York as the threat of supply disruptions from the North Sea to OPEC member Nigeria

A rescue tug with the HM Coastguard managed to get a drifting cargo ship under tow overnight off Scotland’s Isle of Lewis despite severe weather

The Port of Los Angeles moved 924,225 Twenty-Foot Equivalent Units (TEUs) in November, the most containerized monthly cargo the Port has processed during its

LONDON, Dec 15 (Reuters) – Britain and its NATO allies must defend deep sea cables against a potentially catastrophic attack by the Russia navy that

Hyundai Heavy Industries, one of the world’s leading shipbuilders, is getting ready to deliver the world’s largest LNG-fueled ship, a 50,000 dwt

The U.S. Department of Energy has announced $18.5 million in new funding for an offshore wind research and development (R&D) consortium that will conduct

After more than two months aboard the heavy lift vessel MV Treasure, the USS John S. McCain arrived a U.S. Navy base in Yokosuka where it will undergo

By Luzi Ann Javier (Bloomberg) — Blockchain is upending the world’s financial markets with the rise of bitcoin, and now the digital-ledger

Damen Shiprepair & Conversion has been awarded a contract for the conversion of a dredger to dual-fuel combining clean-burning liquefied natural gas (LNG)

By Kelly Gilblom and Nejra Cehic (Bloomberg) — Big Oil’s slump is over and industry domination beckons, according to Goldman Sachs Group Inc. In 2018,

By David Brunnstrom WASHINGTON, Dec 14 (Reuters) – While attention in Asia has been distracted by the North Korean nuclear crisis in the past year, China

By Jack Farchy and Elena Mazneva (Bloomberg) — Building the $27 billion Yamal liquefied natural gas project meant shipping more than 5 million

By Tony Capaccio (Bloomberg) — Lockheed Martin Corp. will deliver its eight remaining Littoral Combat Ships an average of 11 months late, more

Authorities in the Philippines have recovered the remains of a Vietnamese ship captain who was kidnapped from a bulk carrier by the Abu Sayyaf militants over a

A new video has surfaced online showing an apparent pirate attack on a containership in the Gulf of Guinea. The video, obtained by the British security firm

By Jim Efstathiou Jr. (Bloomberg) — Some of last year’s crazy weather — including extreme heat around the world to unusually warm waters in the

By Nikki Ekstein (Bloomberg) — Almost three months after Hurricane Maria battered Puerto Rico as a nearly Category 5 storm, a third of the

A Memorandum of Understanding (MoU) signed in September between South Korean shipbuilder Samsung Heavy Industries and global communications company Inmarsat