News

Today’s ship photos show the MOSS-type LNG carrier, Esshu Maru, transiting the new locks of the expanded Panama Canal.  The Esshu Maru was

By Tom Hals Nov 14 (Reuters) – A Delaware judge on Monday said the former presidential yacht, U.S.S. Sequoia, can be acquired by an investment group for

Rolls-Royce on Monday announced a strategic partnership with Finland’s VTT Technical Research Centre to design, test, and validate the first generation

By Alex Whiteman (The Loadstar) – Leading engine manufacturer Wärtsilä has disputed claims that using LNG (liquefied natural gas) would result in zero

Italian shipbuilding group Fincantieri has made a conditional offer for the remaining shares of Vard Holdings with a plan to take the company private.

FRANKFURT, Nov 14 (Reuters) – German shipping bank DVB said on Monday it will seek a capital increase after write-downs on bad loans pushed the lender to

By Mikael Holter (Bloomberg) — As oil majors are considering exiting Norway, the government is warning them that they could still be on the hook for

Note: The headline of this article previously incorrectly stated Hyundai Merchant Marine as being selected as the preferred bidder for some of Hanjin’s

FRANKFURT, Nov 14 (Reuters) – German container shipping group Hapag-Lloyd reported a rise in third-quarter net profit and said it would press ahead with

By David Fickling (Bloomberg Gadfly) — The past week in commodities markets has been like a trip through the looking glass. Gold generally benefits

By Kyunghee Park (Bloomberg) — Hanjin Shipping Co.’s fleet has shrunk to about a tenth of its size after the South Korean container line returned most

GWADAR, Pakistan, Nov 13 (Reuters) – Pakistan’s prime minister and army chief welcomed on Sunday the first large shipment of Chinese goods through

A team of scientists in Tasmania are claiming to have brewed the world’s oldest beer using yeast salvaged from an 18th century shipwreck. Led by

New Orleans-based oil services company Tidewater Inc. now has until January to reach a debt deal with its creditors, further postponing or possibly avoiding

MOSCOW, Nov 11 (Reuters) – Freight rates for Aframax tankers on Black Sea-Mediterranean and cross Mediterranean routes almost doubled on Friday to their

By Alex Longley (Bloomberg) — Oil companies booked tankers to store as many as 9 million barrels of crude in northwest Europe amid signs that space

MANILA, Nov 11 (Reuters) – Gunmen abducted six Vietnamese sailors and shot another on Friday when a bulk carrier was intercepted in Philippine waters off

“Someone say they needed a

U.S. shipping stocks from dry bulk ship owners to tanker companies have soared since Donald Trump was elected President early Wednesday morning. 

Samsung Heavy Industries has delivered the world’s first Very Large Ethane Carrier (VLEC) ‘Ethane Crystal’ to Reliance Industries, an Indian business