News

May 12 (Reuters) – Canada’s Liberal government has introduced legislation for a moratorium on oil tanker traffic along the northern coast of the

By Crispian Balmer ROME, May 12 (Reuters) – The former captain of the Costa Concordia cruise liner was sentenced to 16 years in prison on Friday by

FRANKFURT, May 12 (Reuters) – German container shipping firm Hapag-Lloyd on Friday said it should achieve higher earnings this year, based on

By Shelley Goldberg (Bloomberg Prophets) — President Donald Trump is pressing for offshore drilling in the Arctic Sea. In April, he signed an executive

New Orleans-based oil services company Tidewater Inc. has entered into a prepackaged restructuring agreement with certain lenders that will require the

By Gabriela Baczynska BRUSSELS, May 12 (Reuters) – A “ferry service” that encourages people smugglers or an essential humanitarian

Narwhal’s have been called some of the world’s strangest animals, with their unicorn-like tusks that can reach over 8 feet long. Over the

The largest ship to ever visit the U.S. east coast arrived at the port of Savannah on Thursday after traveling through the expanded Panama Canal from Asia. The

Honolulu-based Pasha Hawaii has selected Keppel AmFELS in Brownsville, TX for the construction of two new LNG-fueled containerships to operate in the

The 20,170 teu MOL Triumph became the largest ship to ever visit the UK when it docked at the port of Southampton earlier today. MOL Triumph is the first

By Christian Wienberg (Bloomberg) — Shares in A.P. Moller-Maersk A/S soared as the company behind the world’s biggest container shipping liner pointed

By Stine Jacobsen and Nikolaj Skydsgaard COPENHAGEN, May 11 (Reuters) – A.P. Moller-Maersk beat first-quarter net profit forecasts on Thursday, boosted

The U.S. Customs and Border Protection agency announced Wednesday it is withdrawing its notice of proposed modification and revocation of letter

By Alex Lennane (The Loadstar) – Container shipping lines yesterday shrugged off accusations that bigger ships and alliances would lead to less choice

By Brian Parkin (Bloomberg) — Calls from the industry and utilities including Vattenfall AB for Germany to auction more offshore wind blocs are unlikely

The giant crane boom at Falmouth Docks in Cornwall, England collapsed on Wednesday, causing the evacuation of the site but amazingly nobody was hurt in the

By Ahmed Elumami TRIPOLI, May 10 (Reuters) – Libya’s coastguard intercepted about 300 migrants packed onto a wooden boat and returned them to

(Drewry) – Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery.

Norwegian fertilizer producer Yara and maritime technology firm Kongsberg Gruppe are teaming up to build what they say will be the world’s first

By Laura Blewitt (Bloomberg) — Even as the owners of ships carrying everything from bananas to oil spend billions of dollars to meet tighter clean-air