News

By Guillermo Parra-Bernal SAO PAULO, April 20 (Reuters) – Shareholders in Sete Brasil Participações SA voted on Wednesday to allow the ailing rig

The world’s largest shipbuilder Hyundai Heavy Industries is set to slash 10% of its workforce this year as part of the South Korean shipbuilding

Here’s a video showing the early model Boeing-built hydrofoil Tucumcari that served as the basis for the subsequent Pegasus-class patrol boats for the

By Fergus Jensen and Kanupriya Kapoor JAKARTA, April 21 (Reuters) – Indonesia fears piracy on a shipping route along its sea border with the Philippines

By Nicholas Brautlecht (Bloomberg) — Hapag-Lloyd AG is in talks with United Arab Shipping Co. on a possible combination of their container businesses,

MEXICO CITY, April 20 (Reuters) – An explosion rocked a major petrochemical facility of Mexican national oil company Pemex in the Gulf state of Veracruz

By Francisco Marcelino (Bloomberg) — Shareholders of oil-rig venture Sete Brasil Participacoes SA agreed to a plan to file for bankruptcy protection

By Mike Wackett (The Loadstar) – Ocean carriers CMA CGM, COSCO Container Lines, Evergreen and OOCL have signed a Memorandum of Understanding to form a

BEIJING, April 20 (Reuters) – China will encourage ships flying its flag to take the Northwest Passage via the Arctic Ocean, a route opened up by global

In a video that is both fascinating in its detail and utterly tragic, you can watch a recreation of the RMS Titanic sinking from its initial impact with the

The United Nations is investigating the sinking of an overcrowded boat in the Mediterranean in what could be one of the worst tragedies involving refugees and

By Anna Shiryaevskaya, Harry R. Weber and Joao Lima (Bloomberg) — Within a decade of revolutionizing domestic natural gas markets, U.S. shale will for

By Bernadette Christina Munthe JAKARTA, April 20 (Reuters) – Authorities from at least two Indonesian coal ports have blocked ships from leaving to the

By Brenda Goh and Gus Trompiz SHANGHAI/PARIS, April 20 (Reuters) – China COSCO Shipping and France’s CMA CGM sought to reinforce their growing

The Panama Canal Authority on Monday began taking transit reservations for Neopanamax vessels passing through the new locks of the expanded Panama Canal. The

The Harris County Sheriff’s Office along with the United States Coast Guard have recovered the body of a male victim who drowned after the tugboat he was

By Mike Wackett, (The Loadstar) – The shock waves from the collapse of a top-20 container line such as Hyundai Merchant Marine (HMM) could be the

SINGAPORE, April 19 (Reuters) – The world’s largest container shipping company Maersk Line, owned by A.P. Moller-Maersk, plans to increase freight

By Jessica Shankleman (Bloomberg) — The highest carbon tax in an oil producing nation has persuaded Norway’s state-owned driller to experiment with

By Jonathan Saul and Parisa Hafezi LONDON, April 19 (Reuters) – Iran faces a struggle to increase oil exports because many of its tankers are tied up