News

The U.S. Navy’s new high tech destroyer has been sidelined for repairs after suffering a seawater leak in its propulsion system less than a month

By Kyunghee Park (Bloomberg) — The South Korean court overseeing the receivership application of Hanjin Shipping Co. said the stranded vessels of

By Joyce Lee SEOUL, Sept 21 (Reuters) – The largest shareholder of Hanjin Shipping Ltd agreed on Wednesday to lend 60 billion won ($53.96 million) to

https://www.youtube.com/watch?v=a6HUFm6FKD4 Well this is obviously a promotion for one of them but it was a pretty good effort from both sides. PS –

Authorities in China are racing to prevent more oil from spilling from a grounded cargo ship near Xiamen, China. Officials are saying the vessel, Gan Tai Tai

Authorities in the Philippines are investigating how a commercial tanker veered off course and collided the Philippine Navy’s newest and biggest ship.

Officials in China have began testing the world’s largest ship lift at the massive Three Gorges Dam in Central China. The shiplift can lift vessels up to

CONAKRY, Sept 21 (Reuters) – Pirates stormed a container ship off the coast of Guinea on Wednesday, making off with money and some of its cargo but

By David Wethe (Bloomberg) — In a far corner of the Caribbean Sea, one of those idyllic spots touched most days by little more than a fisherman chasing

ABIDJAN, Sept 20 (Reuters) – CMA CGM will look at opportunities in container shipping triggered by the collapse of South Korea’s Hanjin Shipping,

The International Maritime Organization’s effort to implement new international regulations intended to the promote safe and environmentally

By Mike Wackett (The Loadstar) – The 4,546 teu 2006-built Viktoria Wulff (ex MSC Firenze) has become the youngest containership to be sold for scrap as

By Tom Hals and Jim Christie Sept 20 (Reuters) – Failed South Korean cargo line Hanjin Shipping Co Ltd has found the money to unload a full container

A ship design unit of British engine maker Rolls-Royce has secured a contract with South Korean shipbuilder Hyundai Heavy Industries to apply its award-winning

By Saleh Sarrar and Hatem Mohareb (Bloomberg) — Libya boosted crude production by more than 70 percent since August as some oil fields resumed output and

By Jonathan Saul LONDON, Sept 20 (Reuters) – The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday,

South Korea’s Daewoo Shipbuilding & Marine Engineer is set to get $120 million from Matson’s order for two new LNG-powered container and

By Mike Wackett (The Loadstar) – The container market has been “turned on its head” by the collapse of Hanjin Shipping, according to Oslo-based ocean

The Russian shipping company Sovcomflot says its new arctic shuttle tanker Shturman Albanov has delivered its first oil cargo from the Novy Port oil field in

Dutch marine contractor Boskalis announced Monday that it is moving ahead with its plan to take two dozen vessels out of service and layoff hundreds of workers