News

Another casualty from Super Typhoon Meranti to report today with the grounding of a 42,000 ton containership near Xiamen, China. The ship Gan Tai Tai Zhou was

By Saket Sundria and Dhwani Pandya (Bloomberg) — As the shipping industry grapples with a prolonged slump in demand, carriers in India are grateful for

NANTES, France, Sept 16 (Reuters) – Egypt took delivery of a second French Mistral helicopter carrier on Friday, part of a $1 billion deal signed last

With entry into force of the IMO Ballast Water Convention now set for September 2017, owners have been calling on a Finnish naval architecture and marine

After a thorough evaluation process lasting more than two years, the U.S. Coast Guard has selected Eastern Shipbuilding Group of Panama City, Florida to design

By Tiffany Kary (Bloomberg) — Bankrupt Hanjin Shipping Co.’s efforts to unload vessels in the U.S. while it goes through bankruptcy in South Korea

By Jonathan Saul and Andreas Kröner LONDON/FRANKFURT, Sept 15 (Reuters) – German banks are struggling to recoup tens of billions of dollars of loans as

Strong winds produced by Super Typhoon Meranti left a path of destruction across much of southern Taiwan on Wednesday. One of the hardest hit areas was

By David Yong (Bloomberg) — A Singapore-based shipping trust that operates container ships is asking creditors for leniency on about $253 million of

This video by a passenger aboard the cruise ship Carnival Vista provides a good view of the moment the giant cruise ship destroyed a marina as it departed

Super Typhoon Meranti was packing maximum sustained winds of 178 mph (155 knots) as it moved south of Taiwan early Wednesday morning. Although the island was

Finnish liquified natural gas distributor Skangas is claiming the world’s first ship-to-ship bunkering of LNG fuel in what it is calling a ‘new

By Justin Fox (Bloomberg View) — It was always going to be tough for the world’s container shipping lines — accustomed to decade after decade

A safety study released Tuesday by the National Transportation Safety Board details 14 conclusions and 21 recommendations aimed at further reducing the risk of

Huntington Ingalls’ Newport New Shipbuilding recently conducted a 900-ton superlift in the construction of the nuclear-powered aircraft carrier John F.

By Nicholas Brautlecht (Bloomberg) — The collapse of Hanjin Shipping Co. will probably spark fresh consolidation among container lines as they attempt to

By Ron Bousso LONDON, Sept 14 (Reuters) – Maersk Oil, a unit of Danish conglomerate A.P. Moller-Maersk, has agreed to sell stakes in three North Sea

by David Yong (Bloomberg) — A Singapore provider of barges and tugs for coal, steel scrap and iron ores plans to ask bondholders for approval to delay

By Brenda Goh and Keith Wallis SHANGHAI/SINGAPORE, Sept 14 (Reuters) – Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more

By Heejin Kim (Bloomberg) — The Hanjin Shipping Co. terminal at South Korea’s largest port used to be one of the world’s busiest. Dozens of