News

By Donald Frost SS EL FARO’s age (39 years) has risen as a cause of its loss: But the issue, to my mind, is not age but inspection and

TC Winston continues to strengthen and at 06UTC 19th was located about 330 NM east of Suva, Fiji and was moving west at 12 knots.  Max winds are estimated

Royal Caribbean’s next 168,666-ton Quantum-class cruise ship Ovation of the Seas was floated out of Meyer Werft’s covered building dock II on

Feb 19 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marginally rose on Friday

By Keith Wallis SINGAPORE, Feb 19 (Reuters) – Freight rates in Asian trades for very large crude carriers (VLCCs) are set to hold steady around current

SHANGHAI, Feb 19 (Reuters) – China Cosco Shipping (COSCOCS), China’s biggest shipping line, plans to carry out a careful selection of its future

The CMA CGM Benjamin Franklin, the largest container ship ever to dock in North America, returned to Southern California Thursday for its second U.S. visit and

By Alex Longley (Bloomberg) — As Iran prepared to return to the global crude market, ship insurance, an obscure but vital part of the commodity trading

OSLO, Feb 18 (Reuters) – Dry bulk shipping firm Golden Ocean plans to raise $200 million in fresh equity, backed by its main owner billionaire John

Too few U.S. and Canadian icebreakers and reliance on a single Poe-sized lock to connect Lake Superior to the Lower Lakes and Seaway are among the top issues

By Brenda Goh SHANGHAI, Feb 18 (Reuters) – China on Thursday launched a challenge to global shippers AP Moller Maersk and Mitsui OSK Lines, but analysts

OSLO, Feb 18 (Reuters) – Billionaire investor John Fredriksen’s dry bulk shipping firm Golden Ocean plans to raise $200 million in fresh equity as

By Mike Wackett (The Loadstar) – Newly-merged Chinese ocean carriers Cosco and CSCL, together with Evergreen, OOCL and CMA CGM are set to form a new

SAO PAULO, Feb 17 (Reuters) – Maersk Line, the world’s largest container ship operator, said on Wednesday it was consolidating operations in

(BIMCO) – 2015 was a busy year for container traffic on the eastern coast of the US. 7.9 million TEU of loaded containers entered the US East Coast in

Deepwater drilling contractor Ocean Rig UDW has announced two drilling contracts held with two separate clients have been terminated, with CEO George

By Margaret Cronin Fisk (Bloomberg) — Federal prosecutors have one last chance to send someone to jail over the deadly 2010 BP Plc Gulf of Mexico well

By David Tweed (Bloomberg) — China sparked new questions about its intentions in the South China Sea after it deployed surface-to- air missiles to a

Feb 17 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fourth

Wärtsilä has announced that it has signed a contract with Shanghai Bestway Marine Engineering Design Co Ltd to design a new type of deep water dive support