News

US-listed shipping stocks ended their head-scratching post-election rally on Thursday with a major correction that saw some stocks fall more than 50% since

WASHINGTON, Nov 17 (Reuters) – Vietnam is extending a runway on an island it claims in the South China Sea in apparent response to China’s building

Almost 100 puppies were rescued at Holyhead Port in the early hours of Tuesday morning, as part of a Royal Society for the Prevention of Cruelty to

DryShips on Thursday said it has raised $20 million through a registered direct offering but otherwise cannot explain the meteoric rise in the price of its

Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division has launched Paul Ignatius (DDG 117), the company’s 31st and latest Arleigh

(Drewry) – Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend accelerating in later years as a

(Ocean Freight Exchange) – Aframax Cross-Med freight rates saw a sharp spike last Friday, nearly doubling from w80 to w140 in a day. Rates have

Honolulu-based Pasha Hawaii today announced that the company has narrowed its selection to two U.S. shipyards for the construction of two new Liquefied Natural

A determined cow with an amazing will to live escaped a livestock ship and swam to freedom on Sunday in Fremantle, Western Australia. The cow was apparently

LEGO is known for releasing awesome nautical themed toy sets – including the amazing LEGO Maersk Triple-E Containership – but today they

By Caroline Valetkevitch NEW YORK, Nov 16 (Reuters) – Shares of U.S. shipping companies shot higher again on Wednesday, tripping various volatility halts

More shore-based employees in the shipping industry are concerned with their job security than ever before, according to research conducted by international

By Jennifer A. Dlouhy (Bloomberg) — The Obama administration is set to block the sale of new oil and gas drilling rights in U.S. Arctic waters under a

TAIPEI, Nov 16 (Reuters) – Taiwan’s government said on Wednesday it will offer to lend struggling local shippers NT$60 billion ($1.9 billion) at

By Mikael Holter (Bloomberg) — The offshore fleet tending to Norway’s oil industry, already sailing through the worst downturn in a generation, is

By Benjamin Katz (Bloomberg) — Rolls-Royce Holdings Plc will close the bulk of sites at its marine-engine and ship-design unit and shift some

By Julie Verhage (Bloomberg) — A 1,500 percent stock surge since Nov. 8? It’s possible in Trump’s America. DryShips Inc., which owns tankers

Russia is set to begin dismantling the nuclear icebreaker Sibir marking the first time ever that a nuclear-powered icebreaker has been sent for recycling. The

A giant crane was used to lift the sunken tug Nathan E. Stewart from the sea floor Monday night more than a month after the tug ran aground near

By Ari Natter and Jennifer A. Dlouhy (Bloomberg) — A long-shot bid to convince the Obama administration to use 24 words of a 1953 law to permanently