News

COPENHAGEN, July 18 (Reuters) – A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an

By Wael Mahdi (Bloomberg) — A venture between Arab Petroleum Investment Corp., known as Apicorp, and National Shipping Co. of Saudi Arabia will create

by Noah Feldman (Bloomberg) An international court rules that China broke the law by building islands in the South China Sea. China doesn’t

by Michael Schuman (Bloomberg) Globalization—that irresistible force that is inevitably, inexorably fueled by large ships—looks to be in retreat.

by Firat Kayakiran and Rakteem Katakey (Bloomberg) Oil is flowing unhindered through Turkey’s pipelines and waterways, one of the world’s largest energy

by Kathy Chen and David Stanway (Reuters) China aims to launch a series of offshore nuclear power platforms to promote development in the South China Sea,

By Ayla Jean Yackley (Reuters) ISTANBUL, July 16 Turkish maritime authorities have reopened Istanbul’s Bosphorus Strait to transiting tankers after

by Stephen Addison (Reuters) Foreign Secretary Boris Johnson reaffirmed Britain’s commitment to Gibraltar on Saturday and said it would fully involve the

A Mauritian Court on Friday overturned an earlier ruling and convicted twelve men of piracy over a January 2013 attack on the containership MSC Jasmine in the

The Master of an MSC containership is being accused of international drug trafficking after authorities in Italy unveiled a complex scheme to offload drugs at

By Gavin van Marle (The Loadstar) – Following the inauguration of the Panama Canal’s new lock system at the end of last month, the waterway is already

By David Wethe and Rakteem Katakey (Bloomberg) — BP Plc has raised the total liability from the Deepwater Horizon oil disaster, which triggered the worst

By Christopher Martin (Bloomberg) — The Long Island Power Authority plans to approve a 90 megawatt wind farm off the coast of New York that would become

By Ed Hammond and Kiel Porter (Bloomberg) — Ports America, the closely held maritime-terminal operator, is exploring a sale, people with knowledge of the

Subsea surveying company PGS has once again set the record for the world’s largest seismic streamer spread tow covering a surface area of a whopping 50

Norwegian shipping company Wallenius Wilhelmsen Logistics AS (WWL) has agreed to plead guilty and pay a $98.9 million criminal fine for its involvement in a

By Dan Murtaugh (Bloomberg) — Asia’s going to have to wait a little longer for the flood of U.S. shale gas to reach its shores. A global glut of

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co. will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors

Dozens of Navy ships from all over the world have descended on Pearl Harbor as part for Rim of the Pacific (RIMPAC) 2016, the world’s largest

The Port of Savannah on Wednesday welcomed the first vessel to call at the port through new locks of the expanded Panama Canal. At a capacity of 10,100