News

By Denise Wee (Bloomberg) — Singapore-based shipping trust Rickmers Maritime said it received a letter from lawyers representing some investors stating

SINGAPORE, Oct 20 (Reuters) – Singaporean conglomerate Keppel Corp reported a 38 percent fall in its third-quarter profit as low oil prices resulted in a

By Keith Wallis SINGAPORE, Oct 20 (Reuters) – Freight rates for large capesize dry cargo ships on key Asian routes will continue to fall next week as too

The Panama Canal has recorded the third-highest annual tonnage in its 102-year history in 2016 helped by the opening of the new neopanamax locks. During fiscal

By Firat Kayakiran (Bloomberg) — Oil tanker rates jumped to a four-month high as traders booked the most cargoes for the time of year on record,

Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a

Bulk shipping companies Gearbulk and Grieg Star have announced their intensions to join forces in a joint venture that will operate a combined fleet of more

Virgin Group’s billionaire founder Sir Richard Branson has unveiled the company’s rebranded cruise line now known as Virgin Voyages. The company

The world’s second largest container shipping company, CMA CGM, has signed a Memorandum of Unserstanding with French energy group ENGIE to promote the

By Mike Wackett (The Loadstar) – The four remaining members of the CKYHE alliance are the biggest losers in the Hanjin Shipping bankruptcy, in terms of

By Jonathan Saul LONDON, Oct 19 (Reuters) – Britain’s Financial Conduct Authority (FCA) has approved Singapore Exchange’s 87 million pound

By Chris Cooper and Kiyotaka Matsuda (Bloomberg) — Mitsubishi Heavy Industries Ltd. is considering options for its shipbuilding business to reduce costs

“Toot,

  By Jessica Shankleman   (Bloomberg) — Martin Brydges landed his final catch as a fisherman in the English port of Grimsby a year

By Jonathan Burgos, Angus Whitley and Kyunghee Park (Bloomberg) — Customers have dwindled by the week at Indian Masala Hut, a curry stall in

As you may have heard the U.S. Navy’s newest and most technologically advanced destroyer, USS Zumwalt, was commissioned into service in Baltimore this

Dutch shipping company Flinter has revealed that it is in major financial trouble after its main lender ING Bank pulled funding for the company. Flinter says

By Joyce Lee and Keith Wallis SEOUL/SINGAPORE, Oct 18 (Reuters) – South Korea’s Hyundai Merchant Marine Co Ltd said on Tuesday it may submit a

By Mahmoud Habboush (Bloomberg) — Abu Dhabi National Oil Co. will combine three shipping and ports units less than a month after consolidating two

TOKYO, Oct 18 (Reuters) – Japan’s Mitsubishi Heavy Industries Ltd has abandoned its ambition to build European cruise liners and will stick to