News

The International Maritime Organization, along with the aviation industry’s ICAO, have been mocked with the satirical “Fossil of the Day” by

By Keith Wallis SINGAPORE, Dec 4 (Reuters) – Freight rates in Asian trades for very large crude carriers (VLCCs) are likely to remain firm as vessel

Dec 4 (Reuters) – The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities fell for the third

By Mike Wackett (TheLoadStar) Since the launch of its vessel upgrade programme in 2011, with the conversion of 17 of its S Class 8,200 teu ships to 9,600

By Naomi Christie and Manisha Jha (Bloomberg) — Oil tanker rates soared to the highest in seven years amid an acceleration in the number of bookings and

By San Whelan & Gavin van Marle (TheLoadstar) LONDON – The imminent enforcement of mandatory container weight verification is causing widespread

HOUSTON (Reuters) – A backlog of tankers waiting to unload around Venezuela has built up, even though a crude cargo from France’s Total and another

By Mikael Holter (Bloomberg) — Norway is holding talks with Russia on rules for seismic studies of oil and gas fields on each side of their maritime

By Greg Torode and Manuel Mogato (Reuters) HONG KONG/MANILA – When an international court ruled in late October that it had jurisdiction to hear a case

Fugro will be providing an additional vessel in the search for missing flight MH370 in the southern Indian Ocean. The vessel, the 93-meter Havila Harmony, is

By Joyce Koh (Bloomberg) — CMA CGM SA, the world’s No. 3 container shipping company, is in talks with lenders to finance its potential takeover bid for

BY JU-MIN PARK AND KAORI KANEKO (Reuters) Fishing boats carrying decomposed corpses have washed ashore in Japan in recent weeks, leading to speculation

The Aasta Hansteen spar is designed by Technip-USA and is currently being built by Hyundai Heavy Industries in South Korea. The facility will be the first spar

Denmark-based tanker owner TORM says it has ordered four newbuild LR2 tankers from Guangzhou Shipyard International (GSI) in China for $200 million, with

PANAMA CITY, Nov 30 (Reuters) – Waiting times for ships at the Panama Canal have returned to normal after poor weather and a spike in traffic caused

Shipping History reminds us that on this day in 1994, the MS Achille Lauro cruise ship caught fire and later sank near Somalia following an engine explosion.

Spain’s sea search and rescue organization, Salvamento Marítimo, says the debunkering of the Russian trawler Oleg Naydenov that sunk in April has been

By Jasmine Ng (Bloomberg) — Most-active iron ore futures in Singapore sank below $40 a metric ton for the first time on concern that the economic

SINGAPORE, Nov 30 (Reuters) – Almost 100 people were rescued when a ferry sailing towards Singapore from the Indonesian island of Batam hit a floating

Eleven people are missing and feared dead after a Panama-flagged cargo ship sank in the South China Sea off the Philippines, the Philippines Coast Guard has