News

By Steve Gorman LOS ANGELES, June 28 (Reuters) – Marine mammal rescue teams alerted boaters off Southern California on Tuesday to be on the lookout for a

By Foo Yun Chee BRUSSELS, June 28 (Reuters) – World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible

By Teis Jensen and Jonathan Saul COPENHAGEN/LONDON, June 28 (Reuters) – Denmark’s A.P. Moller-Maersk has lost a major oil production contract in

By Dmitry Solovyov and Idrees Ali MOSCOW, June 28 (Reuters) – Russia and the United States gave contradictory accounts on Tuesday of an incident

Maersk Oil says it will be leaving Qatar after losing the contract to operate the country’s largest producing offshore oil field. The news comes as

By Jonathan Saul and Saeed Azhar LONDON/SINGAPORE, June 28 (Reuters) – Singapore Exchange Ltd (SGX) and London’s Baltic Exchange have extended by

FRANKFURT, June 28 (Reuters) – German container shipping line Hapag-Lloyd AG has agreed a merger deal with United Arab Shipping Company (UASC), creating

By Chris Cooper and Kiyotaka Matsuda (Bloomberg) — As Japan’s shipping lines struggle with losses, the chief executives of companies are facing rough

By Mike Wackett (The Loadstar) – The debate on the reasoning behind the potential alliance grouping of the 2M’s Maersk Line and MSC and the financially

The slowing growth in the size of the world’s shipping fleet is likely to reduce the persistent shortage of officers over the coming years,

The world’s largest container shipping company has welcomed the arrival of the expanded Panama Canal announcing it will likely add capacity and reroute

Dutch heavy lift specialist BigLift Shipping has ordered a third Happy S-type vessel with 1,800 metric ton lifting capacity. The new vessel will be identical

French container shipping group CMA CGM has taken full control of Singapore’s Neptune Orient Lines after crossing the 90% ownership threshold required to

Panama inaugurated the long-awaited Panama Canal expansion on Sunday with the ceremonial transit of the China Shipping Panama through the new neopanamax Agua

By Enrique Pretel and Elida Moreno PANAMA CITY, June 26 (Reuters) – Panama opened the long-delayed $5.4 billion expansion of its shipping canal amid

By Keith Wallis SINGAPORE, June 26 (Reuters) – Bigger ships could mean bigger paydays for commodity producers when the expanded Panama Canal opens this

It’s been nearly nine years and more than $5 billion in the making, but come hell or high water the Panama Canal Expansion is finally ready to open this

Tests of the Panama Canal’s new locks are continuing as worker’s prepare for the inauguration of the expansion project this Sunday.  On

Salvors of the wrecked MV Benita in Mahebourg, Mauritius have reported progress with the salvage and environmental protection operation after the ship ran

MAN Diesel & Turbo has announced that its largest and most powerful engine to date has entered into service aboard the new 19,437 TEU MSC Jade. The engine