News

SAO PAULO, April 3 (Reuters) – Brazilian miner Vale SA said on Monday that 260,000 tonnes of fine iron ore on a South Korean ship that sank in the

Some scary video coming out of Redondo Beach, California shows a sailboat with four people on board get tossed through the pier’s pilings after the

By Mohammed Aly Sergie (Bloomberg) — Qatar Petroleum plans to start a new development in the offshore North Field, ending a 12-year ban on new projects

Update: The EU Naval Force has confirmed that an Indian-registered cargo dhow was seized by suspected pirates on April 1 and is now in the vicinity of Hobyo,

By Henning Gloystein SINGAPORE, April 3 (Reuters) – Prices for shipping containers, the metal boxes that carry 90 percent of the world’s

Update (April 2): A KC-130 aircraft with the Brazilian Air Force has joined the search for survivors from the MV Stellar Daisy, which is believed to have

Japanese shipbuilder Mitsubishi Heavy Industries (MHI) says it has reached basic agreements with other domestic shipbuilders on forming alliances in the

https://www.youtube.com/watch?v=VSjrNbHS2wA Some amazing video showing the daring rescue of a teenager from a Norwegian tall ship in the North Sea. According

By Gavin van Marle & Mike Wackett (The Loadstar) – As the new alliance structure prepares to get underway tomorrow, with the Ocean and THE alliances

The NTSB has released a Marine Accident Brief on its investigation into the December 2015 sinking of the towing vessel Spence in the Caribbean Sea. On December

(Drewry) – Following another poor year for multipurpose shipping with further erosion of rates making it the worst market in over 10 years, signs of

By Keith Wallis SINGAPORE, March 31 (Reuters) – Freight rates for very large crude carriers (VLCCs), which have fallen to six-month lows, are likely to

By Elaine Lies TOKYO, March 31 (Reuters) – Japan’s whaling fleet returned on Friday from its months-long Antarctic hunt in the name of scientific

You have been either hacked… or just didn’t know you have been hacked! By George Ward (ECDIS Ltd.) – I predict that the first catastrophic

By Keith Wallis SINGAPORE, March 31 (Reuters) – Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-month highs on

Some incredible video coming from Nicaragua earlier this week showing a collision between a general cargo ship and smaller passenger vessel on the Escondido

March 30 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday after

By Mike Wackett (The Loadstar) – Taiwanese ocean carrier Yang Ming has added a 2016 US$492m loss to the net deficit of $258m the previous year. Revenue

By Olesya Astakhova SABETTA, Russia, March 30 (Reuters) – An ice-breaking tanker docked for the first time at Russia’s Arctic port of Sabetta to

SHANGHAI, March 30 (Reuters) – China’s COSCO Shipping Holdings Co Ltd made a loss last year of 9.9 billion yuan ($1.44 billion), the company