News

By Christian Wienberg and Mikael Holter (Bloomberg) — Maersk Drilling is looking into buying used oil rigs to take advantage of low prices and the

SHANGHAI, March 18 (Reuters) – China COSCO Shipping Corporation and Vale have signed a 27-year-long agreement that will see the Chinese shipping giant

Oil giant BP decided to take the last Aussie-crewed fuel tanker, the MT British Fidelity, off the Australian coast. The vessel, currently in Singapore, was

Florida-based Crowley Marine Services has lost a bid to continue to provide tanker escort and oil spill prevention and response services in Valdez and

The Hoegh Osaka had no chance of surviving the Bramble Bank turn shortly after the vessel departed from the port of Southampton on January 3, 2015 with

By Edward Krudy NEW YORK, March 17 (Reuters) – The Port of Long Beach, the second largest port in the United States, will see 5 percent growth in cargo

Shipping company Golden Ocean Group raised about U$7.8 million through a subsequent offering of 34.37 million new shares. The company was able to sell about

By Mike Wackett, (The Loadstar) – Idled global container capacity has reached a record high of 1.57m teu, according to the latest data from Alphaliner.

Norwegian offshore shipbuilder VARD says it has signed a letter of intent to build four expedition cruise ships for French cruise company Ponant. The new

Maersk’s E-Class Emma Maersk departs Damen Shiprepair Brest in northern France following drydock services, a Special Survey and maintenance works. Photos

By Jonathan Saul LONDON, March 16 (Reuters) – State-run conglomerate China Merchants Group has made an informal bid to buy London’s Baltic

ABUJA, March 16 (Reuters) – Nigeria and Equatorial Guinea signed an agreement to establish combined patrols to bolster security in the Gulf of Guinea,

BUENOS AIRES, March 15 (Reuters) – Argentina’s coast guard has sunk a Chinese trawler that was fishing illegally within its territorial waters, the

By Adam Minter (Bloomberg View) — A little more than a decade ago, Hong Kong was the world’s busiest port. Giant vessels competed to get into the

By Julia Fioretti BRUSSELS, March 16 (Reuters) – European Union lawmakers and member states have agreed on a long-term plan to end over fishing of cod,

By Joe Ryan (Bloomberg) — The cost of building wind farms off the U.S. coast may decline as much as 55 percent within 13 years, letting developers offer

The U.S. Bureau of Safety and Environmental Enforcement (BSEE) has established a former Investigative Panel to probe the recent death of an offshore worker in

By Harry R. Weber (Bloomberg) — The tanker carrying the first cargo of natural gas from U.S. shale formations was entering Brazil on Tuesday after

By Valerie Volcovici WASHINGTON, March 15 (Reuters) – The Obama administration reversed course on Tuesday on a proposal to open the southeastern Atlantic

By Harry R. Weber (Bloomberg) — The tanker carrying the first cargo of natural gas from U.S. shale formations was entering Brazil on Tuesday after