News

By Jacob Gronholt-Pedersen COPENHAGEN, Dec 13 (Reuters) – The acquisition of German shipping company Hamburg Süd will replace some 60 percent of revenue

By Bozorgmehr Sharafedin and Shadia Nasralla BEIRUT/VIENNA, Dec 13 (Reuters) – Iran ordered its scientists on Tuesday to start developing systems for

Singapore shipping trust Rickmers Maritime has confirmed it has sold a 7-year-old panamax containership for scrap in order to pay down bank debt, marking

The U.S. shipbuilding industry is ready to work with Donald Trump to help realize his goal of a 350-ship Navy, the Shipbuilders Council of America (SCA)

U.S. terminal operator Ports America and Sydney Harbour Investment Partners have announced an agreement for the promotion, development and management of the

London-baed drilling contractor Noble Corporation has agreed with Royal Dutch Shell to amend the long-term charter contracts for three ultra-deepwater

A worker at a shipbreaking yard in Bangladesh has died in accident while working to dismantle German containership Viktoria Wulff, the NGO Shipbreaking

By Henry Meyer and Ilya Arkhipov (Bloomberg) — With two decades of deal-making in Russia’s vital oil industry under his belt, Rex Tillerson is Vladimir

South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) said on Sunday it has agreed with the 2M shipping alliance (Maersk Line and Mediterranean Shipping

SEOUL, Dec 11 (Reuters) – Heavily indebted South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) said on Sunday it has agreed with the 2M shipping

By Chen Aizhu and Catherine Ngai (Reuters) Oil traders and major producers are lining up a flotilla of carriers to ship more U.S. crude to Asia in December

SEOUL, Dec 10 (Reuters) – South Korean shipbuilder Hyundai Heavy Industries Co Ltd received a $650 million order to build 10 ships for Iran’s

Norwegian offshore service vessel owner Farstad has announced it has been secured work for a total of six vessels offshore Australia. The company said Friday

Norwegian offshore shipowner Olympic Ship AS says it has reached a restructuring and refinancing agreement that will enable the company to continue

A new 950-foot-long, 55,000-long-ton floating dry dock arrived at BAE Systems’ San Diego shipyard this week, part of the company’s $100 million

The Alumni Association of the U.S. Merchant Marine Academy at Kings Point is calling for Sea Year be reinstated after a preliminary study found no

By Keith Wallis SINGAPORE, Dec 9 (Reuters) – Freight rates for very large crude carriers (VLCCs) may slip next week as the pre-Christmas cargo flurry,

Mexican authorities have seized another 278 kilograms of cocaine from a container arriving aboard the Maersk-operated Maersk Laura containership at the

Video shows an accident in a Cape Town dry dock involving the offshore supply vessel Go Regulus (in orange) and what looks like a fishing trawler (in blue).

By Jacob Gronholt-Pedersen and Joyce Lee COPENHAGEN/SEOUL, Dec 9 (Reuters) – Doubts about the future of Hyundai Merchant Marine Co Ltd surfaced on Friday