News

OSLO, March 1 (Reuters) – A glut of offshore supply vessels and falling demand from oil firms will trigger a restructuring of the still-fragmented

By Adam Williams (Bloomberg) — Mexico’s state-owned oil company is taking deepwater development off its plate for now. Driven to rip $5.5 billion out

By Henrik Stolen OSLO, March 1 (Reuters) – Frontline, one of the world’s largest independent tanker firms, says securing insurance for cargoes

The largest containership to ever dock in the United States made its inaugural visit to the port of Seattle on Monday, arriving at the Northwest Seaport

The owners of the MV Rena will be able to abandon what remains of the shipwreck on New Zealand’s Astrolabe Reef but will need to pay for ongoing costs

A cruise ship abandoned by its Chinese owner for over a year has capsized and is leaking oil off the port of Laem Chabang in Thailand. The cruise ship

By Tsuyoshi Inajima and Emi Urabe (Bloomberg) — Japan’s Jera Co. said it’s in talks with other LNG companies to create an alliance of buyers that

By Mike Wackett, Ocean carriers cancelled some 230 sailings in 2015 between Asia and North Europe to boost vessel utilisation levels, and, according to Drewry,

Royal Caribbean isn’t taking any chances when it comes to weather following its nightmare cruise into a hurricane force storm earlier this month, cutting

A major fire ripped through a marina just off Virginia’s Rappahannock River early Monday morning, killing two people and destroying dozens of boats. The

By Jonathan Saul LONDON, Feb 29 (Reuters) – Oman aims to expand shipping and trade links with Iran and get ahead of rivals after the lifting of

By Barbara Liston ORLANDO, Fla., Feb 26 (Reuters) – The U.S. investigation into the deadly sinking of the El Faro cargo ship during a hurricane last fall

A inland freighter found itself pinned in a peculiar way on Germany’s Main river after the drunken ship captain allegedly ran the vessel into a

The Australian icebreaker Aurora Australis has been refloated near Antarctica’s Mawson research station after grounding earlier this week during a

The Sues Canal Authority has confirmed that a capesize bulk carrier has run aground and remains stuck in the Suez Canal, according to shipping agency GAC. The

A tank at an industrial waste management plant exploded at the port of Antwerp in northern Belgium on Friday, with authorities telling nearby residents to shut

By Jonathan Burgos and Eduard Gismatullin (Bloomberg) — Singapore Exchange Ltd. said it’s seeking to buy Baltic Exchange Ltd., the 272-year-old

MEXICO CITY, Feb 26 (Reuters) – Contract awards for Mexico’s first-ever deep water oil auction covering ten potentially lucrative blocks will take

Feb 26 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, rose further on

By Jonathan Stempel Feb 25 (Reuters) – Royal Caribbean Cruises Ltd faces at least two lawsuits by passengers accusing the company of negligently