News

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

General Dynamics NASSCO has christened and launched the Palmetto State, the final ship in an eight-ship ECO Class tanker program to be constructed at NASSCO.

By Dina Khrennikova and Elena Mazneva (Bloomberg) — Vladimir Putin wanted to remake Josef Stalin’s quest for a greater foothold in the Arctic into a

By Scott DiSavino March 29 (Reuters) – The last time the United States was a net exporter of natural gas was in 1957, when Dwight Eisenhower was

Miami-based SunStone Ships has announced that it has signed a Framework Agreement with China Merchants Industry Holdings for the construction of four ice-class

SHANGHAI, March 29 (Reuters) – China and Hong Kong stocks rose on Wednesday as further signs of a pick-up in global trade boosted shares of port

Offshore supply vessel company Tidewater Inc. has announced that it has allowed its latest waiver of covenant default from its lenders and noteholders to

By Stine Jacobsen COPENHAGEN March 28 (Reuters) – A.P. Moller-Maersk’s new chairman committed to automating its systems as the oil and shipping

SEOUL, March 28 (Reuters) – South Korea on Tuesday said forensic examination showed bone fragments found near a salvaged ferry that sank in one of its

Japanese container shipping company Mitsui O.S.K. Lines (MOL) has taken delivery of the MOL Triumph, the new ‘world’s biggest containership’

By Jonathan Saul and Arno Schuetze LONDON/FRANKFURT, March 28 (Reuters) – A merger of Hapag-Lloyd and United Arab Shipping Company (UASC) has hit a snag,

March 28 (Reuters) – Ocean RIG UDW Inc, a Cyprus-based rig contractor, filed for Chapter 15 bankruptcy protection in a U.S. court amid a deep and

Somali pirates have released a small dhow which authorities feared could be used to launch attacks on large commercial ships further offshore. A report

By Brenda Goh SHANGHAI, March 27 (Reuters) – Chinese state firms have expressed an interest to develop land around the Panama Canal, the chief executive

Fincantieri’s bid for all remaining shares of Vard Holdings failed to reach the minimum threshold required to take the company private.

By Mike Wackett (The Loadstar) – Hapag-Lloyd recorded a profit of $46m in the final three months of 2016– a recovery too little too late to prevent the

DryShips Inc. (NASDAQ: DRYS) announced Monday that it has entered into agreements to acquire four modern Newcastlemax bulk carriers as the company continues to

Salvage crews in South Korea are getting ready to move the Sewol ferry from the salvage site off Jindo Island to Mokpo, where a search for the nine missing

By Christopher Langner (Bloomberg Gadfly) — When it comes to matters legal or bureaucratic, Singapore is swift to act. Bankruptcy, sometimes, can be even

March 27 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than two-year