News

By John Kemp LONDON, Dec 16 (Reuters) – Congressional leaders have reached a deal to lift the 40-year-old ban on exporting U.S. crude in a symbolically

A section of the Mississippi River is restricted to one-way vessel traffic near Memphis as the Coast Guard and response crews work to salvage a towboat

United Arab Shipping Company says its M.V. Al Muraykh, one of the world’s greenest containerships, has loaded a world record 18,601 TEUs. UASC says the

The 600,000 tonnes Prelude FLNG facility, the largest offshore facility ever constructed, is nearing completion at the Samsung Heavy Industries (SHI) shipyard

By Jennifer A. Dlouhy (Bloomberg) — Royal Dutch Shell Plc is fighting to preserve U.S. drilling rights in Arctic waters three months after halting

By Brian Wingfield and Jennifer A. Dlouhy (Bloomberg) — The U.S. is poised to reverse an energy policy that has helped define its relations with the

Update: The Baltic Dry Index slid further Wednesday, closing at 471 points – its new all-time low. By Manisha Jha (Bloomberg) — The shipping

By Jonathan Saul and Maria Tsvetkova LONDON/MOSCOW, Dec 15 (Reuters) – Earlier this year, an old refrigerator ship called the Georgiy Agafonov, built to

By Ron Bousso and Libby George LONDON, Dec 15 (Reuters) – Tankers laden with diesel heading from the U.S. Gulf Coast to Europe are turning around in

By Martin Roebuck (TheLoadstar) AstraZeneca has said it will be using ocean freight for 70% of its international shipments within the next 12-18 months. Julian

By Alessandro Pasetti (TheLoadstar) This month, Singapore container shipping line Neptune Orient Lines finally agreed to be acquired by France’s CMA CGM in a

By Gavin van Marle (The Loadstar) — Cosco and China Shipping have released details of their forthcoming merger, which is likely to see the latter quit

With no explicit reference to shipping in the historic climate deal unanimously adopted by almost 200 nations in Paris this weekend, it is now up to the

The U.S. Navy’s newest littoral combat ship had to be towed into port last week after losing propulsion off the coast of Virginia.   A

General Dynamics NASSCO on Saturday launched the first ship in a series of ECO-Class tankers for the SEA-Vista fleet. The christening and launch ceremony took

By Bloomberg News (Bloomberg) — China’s biggest shipping reform failed to enthuse investors as two major companies lost more than $850 million in total

A fire broke out onboard a LPG tanker moored in the Houston Ship Channel near Galena Park on Monday morning. The Coast Guard says the fire was reported at

LONDON, Dec 14 (Reuters) – Commodities trading firm Trafigura expects tougher conditions in tanker markets next year as weaker world economy prospects

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion

By Katya Golubkova MOSCOW, Dec 13 (Reuters) – Russia on Sunday warned Turkey to stop staging what it called provocations against its forces in or near