News

By Mikael Holter (Bloomberg) — Seadrill Ltd. jumped as much as 26 percent as the offshore driller controlled by John Fredriksen said it’s getting

By Alex Nussbaum (Bloomberg) — For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters — the

Japanese shipping company Mitsui O.S.K. Lines announced it plans to build the first LNG-powered tugboat in Japan. The new tug will be built at Kanagawa

Transportation Safety Board of Canada has launched an investigation into a fatal accident involving the geared bulk carrier Nord Quebec at the port of

Trump’s campaign promise for a 350-ship Navy will have to wait at least a year. The 2018 budget proposal includes the purchasing of eight additional

By Catherine Traywick and Jennifer A. Dlouhy (Bloomberg) — The White House plan to trim the national debt includes selling off half of the nation’s

By Jonathan Saul and Tom Arnold LONDON/DUBAI, May 23 (Reuters) – Gulf-based bidders have emerged for the part-owned subsidiary of United Arab Shipping

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