News

The world’s first LNG-fueled pure car and truck carrier has been delivered in China. The vessel, to be named Auto Eco, is owned by United European Car

By Keith Wallis SINGAPORE, Sept 30 (Reuters) – Freight rates for large capesize dry cargo shippers on key Asian routes, which hit the highest in about a

By Keith Wallis SINGAPORE, Sept 30 (Reuters) – Freight rates for very large crude carriers (VLCCs) are set to rise further next week, fuelled by a raft

By Isis Almeida and Suzi Ring (Bloomberg) — The MSC Letizia, a container ship, set sail from Santos Port bearing familiar bounties of Brazil such as

By David Fickling (Bloomberg Gadfly) — A strange thing is happening in China’s state-owned marine transport industry. The government shook up its

If you haven’t heard already, today, September 29, 2016, is World Maritime Day, an official UN day of observance for the important role shipping has on

Happy World Maritime Day! The International Maritime Organization’s World Maritime Day is an official United Nations day of observance in recognition of

Update (Sept. 30): Final preparations for moving the Transocean Winner rig onto the OHT Hawk are continuing Friday. The anchors have now been disconnected and

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, was told to improve its

By Bloomberg News (Bloomberg) – China Cosco Shipping Corp., owner of Asia’s biggest container-shipping company, said it could consider buying some

By Jeremy Wagstaff SINGAPORE, Sept 29 (Reuters) – The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of

By Steve Gorman LOS ANGELES, Sept 27 (Reuters) – Shipping companies and a powerful dockworkers union have agreed to discuss a possible extension to a

The Canadian Government has confirmed that it has in fact found the wreck of the HMS Terror, the second ship of the ill-fated 1845 Franklin Expedition to find

Finnish shipbuilder Arctech Helsinki Shipyard has delivered the most world’s first LNG-powered icebreaker to the Finnish government. The shipyard

  By Mahmoud Habboush   (Bloomberg) — Cosco Shipping Co., a unit of China’s biggest shipping group, agreed to build and operate a

German shipbuilding group Lürssen has acquired Hamburg-based shipyard Blohm + Voss, the two companies announced Wednesday. Lürssen, which specializes in the

By Kyunghee Park (Bloomberg) — The South Korean court overseeing Hanjin Shipping Co.’s receivership is considering a sale process for the entire

By Liezel Hill (Bloomberg) — South Africa’s Competition Commission searched the premises of six shipping companies including AP Moeller-Maersk A/S as

By Russell Cheyne GRANGEMOUTH, Scotland, Sept 27 (Reuters) – Britain’s first shale gas delivery from the United States sailed into a heated

Kirby Inland Marine has agreed to pay $4.9 Million in civil penalties to settle claims stemming from a 4,000-barrel oil spill in the Houston Ship Channel after