News

Stamford-headquartered Eagle Bulk Shipping Inc. (Nasdaq: EGLE) on Wednesday announced that it has reached a definitive agreement to purchase up to nine

COLOMBO, March 1 (Reuters) – Sri Lanka’s cabinet has approved the awarding of a $180 million deal for three offshore patrol vessels for the

SINGAPORE, March 1 (Reuters) – China’s Yangzijiang Shipbuilding Holdings Ltd plans to cut another 10 percent of its workforce in 2017, its

By Naureen Malik (Bloomberg) — A year after shipping its first cargo of shale gas overseas, the U.S. is looking to do the same for Canada. Cheniere

Update: Jag Laadki Captain Banned from Fujairah An animation of AIS data showing the February 23 collision involving the LNG carrier Al Khattiya

By Tom Hals Feb 28 (Reuters) – A subsea and offshore contractor affiliate of Ezra Holdings Ltd, a struggling Singaporean oilfield services firm, filed

FRANKFURT, Feb 28 (Reuters) – German container shipping firm Hapag-Lloyd on Tuesday reported a 66 percent year-on-year fall in operating profit for 2016,

By Andrew Mayeda (Bloomberg) — Billionaire Wilbur Ross was confirmed as U.S. Commerce secretary by the Senate, clearing the way for one of President

By Gwladys Fouche and Ole Petter Skonnord OSLO, Feb 28 (Reuters) – Rig firm Seadrill, battling with $14 billion in debt and liabilities, said on Tuesday

Feb 28 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, tumbled on Tuesday,

OSLO, Feb 28 (Reuters) – ** Dry bulk shipper Golden Ocean’s CEO Birgitte Ringstad Vartdal says industry now faces more positive outlook after

By Steve Holland WASHINGTON, Feb 27 (Reuters) – President Donald Trump is seeking what he called a “historic” 9 percent increase in military

Update: Jag Laadki Captain Banned from Fujairah One of the world’s largest most advanced LNG carriers has suffered some serious damage after

Officials in Ecuador are coordinating the environmental response and salvage of the general cargo ship Isla Bartolome, which ran aground and partially sank

JERUSALEM, Feb 27 (Reuters) – Israel’s State Attorney has ordered the opening of a criminal investigation into the awarding of a maritime

By David Stringer and Danielle Bochove (Bloomberg) — The head of the world’s biggest mining company intensified his warnings that U.S. trade

By Mike Wackett (The Loadstar) – Container lines should follow the example of Maersk Line and negotiate deferring new vessel deliveries. Analyst Drewry

By Ben Blanchard and Michael Martina BEIJING, Feb 26 (Reuters) – The PLA Navy is likely to secure significant new funding in China’s upcoming

WASHINGTON, Feb 26 (Reuters) – U.S. President Donald Trump’s pick for secretary of the Navy withdrew from consideration on Sunday, the second time

By Sheela Tobben (Bloomberg) — Another week, another record for U.S. crude exports. Producers and traders shipped out 1.21 million barrels of crude a day