News

LONDON, Nov 29 (Reuters) – Britain needs to speed up shipbuilding for the Royal Navy and spread work more widely across companies and shipyards to help

By Keith Wallis SINGAPORE, Nov 29 (Reuters) – Sales of second-hand ships used to haul commodities such as iron ore, coal, grain and fertiliser have hit a

By Mike Wackett (TheLoadstar) The Asia-Mediterranean trade is still “over-tonnaged”, with headhaul ship utilisation below other major east–west markets,

Officials in the Cayman Islands are trying to determine exactly how much damage was caused to a coral reef after the grounding of the containership MV Saga

By Idrees Ali WASHINGTON, Nov 28 (Reuters) – An Iranian Islamic Revolutionary Guard vessel pointed its weapon at a U.S. military helicopter in the Strait

I don’t really get seasick, or any kind of motion sickness for that matter, but then again I’ve never landed a helicopter on the back of a heavily

By Sophie Sassard and Ron Bousso LONDON, Nov 28 (Reuters) – Denmark’s A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas

Norway-based offshore services company Havila Shipping says it has reached a last minute deal with all stakeholders, avoiding bankruptcy. Havila announced

By Keith Wallis SINGAPORE, Nov 28 (Reuters) – Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs last week, could climb

BRUSSELS, Nov 28 (Reuters) – The European Union’s naval mission will keep patrolling for pirates off the coast of Somalia for another two years, to

Ship traffic in the Bosphorus strait was halted for about an hour Monday after a bulk carrier collided with a roll-on/roll-off vessel around the

Jacksonville, Florida-based Crowley Maritime Corporation has announced it has won $2.3 billion, multi-year freight services contract from the U.S. Department

DHAHRAN, Saudi Arabia, Nov 27 (Reuters) – Saudi Arabia expects a huge ship repair andshipbuilding complex that its national oil company Saudi

By Greg Torode (Reuters) Beijing on Friday warned countries against maintaining military ties with Taiwan, after Singaporean armored troop carriers were seized

By Gavin van Marle (The Loadstar) – Troubled non-operating container shipowner Rickmers Maritime Trust today denied it had scrapped a seven-year-old

By Firat Kayakiran (Bloomberg) — As OPEC discusses the deepest cuts to oil production in years, one group of people in the energy supply chain are

SINGAPORE, Nov 25 (Reuters) – Singapore plans to offer financial assistance to its liquidity-hit marine and offshore engineering companies that could

SEOUL, Nov 25 (Reuters) – South Korea’s Hyundai Merchant Marine Co Ltd (HMM) said on Friday it was chosen as preferred bidder to buy a port

Norway-based offshore services company Havila Shipping has set Monday, Nov. 28 as the deadline to avoid bankruptcy. Here’s the rundown from Reuters: Nov

Norway-based offshore services company Farstad Shipping on Thursday announced the outline for comprehensive financial restructuring with Siem and its secured