News

By Abdiqani Hassan BOSASSO, Somalia, May 23 (Reuters) – Somali pirates hijacked an Iranian fishing vessel on Tuesday to use as a base to attack bigger,

  By Gavin van Marle (TheLoadStar) A dramatic turnaround in the fortunes of recently acquired APL helped French carrier CMA CGM offset a slight

The first new ferry in NYC Ferry’s fleet has been christened Lunch Box and has commenced service connecting Manhattan, Brooklyn, Queens and the Bronx

By Eliza Ronalds-Hannon (Bloomberg) — The Titanic may be under 2.5 miles of water, but wreckage from the doomed ship could fetch close to $220 million at

By Bloomberg News (Bloomberg) — Let the gushing begin. After an executive from U.S. liquefied natural gas exporter Cheniere Energy Inc. spoke to a few

By Rakteem Katakey (Bloomberg) — BP Plc started a project in the U.K. North Sea that will restore production halted since 2013 and help double the

At least five were killed after a fire broke out aboard a car and passenger in the Java Sea on Friday, Indonesian authorities confirmed over the weekend. The

OSLO, May 22 (Reuters) – ** Oslo-listed dry bulker Jinhui Shipping sees a bumpy road ahead despite signs of a recovery in the dry bulk market ** The road

By Clyde Russell LAUNCESTON, Australia, May 22 (Reuters) – One of the difficulties in constructing a narrative for the crude oil market and the output

By Harry Pearl SYDNEY, May 20 (Reuters) – Australia is investigating if problems in the propulsion systems of two $1.5 billion warships built by

Wilhelmsen Ships Service has announced plans to launch a large scale pilot program exploring use of drones to deliver vital supplies to ships in harbors

By Alexander Whiteman (The Loadstar) – Economists have warned that trade is likely to come to a halt if the UK fails to negotiate a deal in leaving

The U.S. Bureau of Ocean Energy Management (BOEM) on Friday announced it will offer approximately 1.09 million acres off Alaska’s southcentral coast for oil

By Patrick Markey ALGIERS, May 18 (Reuters) – Panama authorities have detained a Moroccan phosphate shipment from the disputed territory of Western

Italian shipbuilding group Fincantieri on Friday signed an agreement to acquire a majority stake in STX France, operator of the 150-year-old shipyard in

By Catherine Ngai NEW YORK/LONDON/SINGAPORE May 19 (Reuters) – After the first OPEC oil production cut in eight years took effect in January, oil traders

By Niclas Rolander and Hanna Hoikkala (Bloomberg) — As a drawn-out labor conflict at the Nordic region’s largest port escalates, some of Sweden’s

PARIS, May 19 (Reuters) – Container shipping line CMA CGM posted higher first-quarter profits, helped by a turnaround at recently acquired NOL, and gave

By Theophilos Argitis and Blaise Robinson (Bloomberg) — With the first-quarter earnings season coming to a close, the verdict is in on the synchronized