News

The Panama Canal has marked the 1000th Neopanamax vessel to use the waterway since the inauguration of the Expanded Canal less than nine months ago.

By Abdiqani Hassan BOSASSO, March 19 (Reuters) – Somali officials whose forces freed a hijacked oil tanker and its eight Sri Lankan crew said on Sunday

By Mark Shenk (Bloomberg) — Oil fell as a U.S. drilling revival undermines the potential for OPEC output curbs to rebalance the market. Futures

By Mikael Holter (Bloomberg) — Billionaire John Fredriksen and his former top adviser Tor Olav Troim may not see eye to eye anymore, but they agree

Newly established Borr Drilling has announced plans to scoop up Transocean’s entire fleet of high specification jack-up rigs in a deal worth nearly $1.4

Ever wonder what it’s like inside a modern ultra-deepwater drillship. Well, here you go: The video was filmed in the Gulf of Mexico aboard a 2010-built

By Aradhana Aravindan and Anshuman Daga SINGAPORE, March 20 (Reuters) – Oilfield services provider Ezra Holdings Ltd’s decision to file for U.S.

March 20 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the 14th

by Nikki Ekstein (Bloomberg) It takes a lot of good business to be able to afford a megayacht. But owning one is very, very bad business, according to Aaron

by Nikki Ekstein (Bloomberg) Richard Fain, the chief executive officer of Royal Caribbean Cruises Ltd., is willing to bet $5 billion that he can take

By Katharine Houreld NAIROBI, March 14 (Reuters) – Pirates have hijacked an oil tanker with eight Sri Lankan crew on board, Somali authorities said on

Dry bulk shipping company Golden Ocean (NASDAQ and OSE: GOGL) has announced that it has entered into agreements to acquire 16 modern dry bulk vessels in an

A Maersk-owned tanker is set to be fitted with two Flettner rotor sails as part of a industry project seeking to test the century-old wind propulsion

By Gustavo Bonato SANTOS, March 14 (Reuters) – A new terminal near completion in Latin America’s largest port in Santos, Brazil, is expected to add

A Comoros-flagged bunker tanker with eight crew members has been pirated off Somalia’s north coast, the EU Naval Force (EU

An has died and three others were missing after a Irish Coast Guard search and rescue helicopter crashed off the west coast of Ireland during a rescue

By Peter Hinchliffe, Secretary General, International Chamber of Shipping The Ballast Water Management Convention (the Convention), aimed at establishing

By Julie Verhage (Bloomberg) — Almost as quickly as it happened, it was gone. Shortly after President Donald Trump was elected on Nov. 8, the stock

By Mike Wackett (The Loadstar) – The eastbound capacity crunch hitting shippers to Asia is not temporary, but the beginning of a more permanent shift in

Today’s ship photos show employees working to load a soybean cargo aboard the ship Krypos Land at the Tiplam terminal in Santos, Brazil, Merch