News

By Heesu Lee and Debjit Chakraborty (Bloomberg) — It was only two years ago that the world’s biggest oil market was awash with diesel and

Crowley Alaska Tankers has agreed to purchase of three tankers from SeaRiver Maritime and will charter them back to SeaRiver under varying multi-year terms.

BERLIN, Nov 1 (Reuters) – It may take until Friday to free the grounded freighter “Glory Amsterdam” from a sand bar near the North Sea island

By Mike Wackett (The Loadstar) – The liner divisions of Japanese shipping groups K Line, MOL and NYK all posted positive contributions in the second

The fatal collisions involving two U.S. Navy destroyers in the Seventh Fleet’s Area of Responsibility this year could have been prevented, the Navy said

ISTANBUL, Nov 1 (Reuters) – A Turkish cargo ship with 10 crew on board sank in the Black Sea near the Asian side of Istanbul early on Wednesday morning,

Two Hawaiian women who were rescued from their disabled sailboat in the Pacific Ocean last week have admitted to having an EPIRB on board that was never

The owners of the grounded bulk carrier Glory Amsterdam have hired a salvage company to pull the ship off the beach in Germany, but it could be days before

By David Stanway SHANGHAI, Oct 31 (Reuters) – China’s first offshore nuclear reactor is set to be completed soon, engineers involved in the project

By Tom Miles GENEVA, Oct 31 (Reuters) – Greenhouse gas emissions are on course to be about 30 percent above the level needed to keep global warming to an

By Haejin Choi SEOUL, Oct 31 (Reuters) – North Korea probably stole South Korean warship blueprints after hacking into Daewoo Shipbuilding & Marine

By Jennifer A. Dlouhy and Alex Nussbaum (Bloomberg) — Congressional Republicans counting on a $1 billion windfall from selling oil-drilling rights in the

The U.S. Army Corps of Engineers has awarded a $213 million contract to Great Lakes Dredge and Dock Company as part of the project to deepen the entrance

The Canadian Government has introduced legislation that would add additional pressure on shipowners to proactively deal with wrecked, abandoned or hazardous

By Alexander Whiteman (The Loadstar) – Shipping lobby groups have fought back against claims they are obstructing efforts to fight climate change. The

FRANKFURT, Oct 29 (Reuters) – The owners of Germany’s HSH Nordbank received binding offers from private equity groups Apollo, Cerberus and J.C.

By Catherine Ngai and Bryan Sims NEW YORK/HOUSTON, Oct 30 (Reuters) – Tankers carrying record levels of crude are leaving in droves from Texas and

The International Maritime Organization (IMO) has reported ‘considerable progress’ in drafting its initial strategy for reducing greenhouse

BERLIN, Oct 30 (Reuters) – Shallow waters off a North Sea island complicated efforts on Monday to dislodge a large freighter that ran aground as Germany

By Elena Mazneva (Bloomberg) — Russia’s Yamal LNG, set to be the world’s biggest Arctic producer of liquefied natural gas, plans to send