News

  By Firat Kayakiran, Naomi Christie and Angelina Rascouet (Bloomberg) — When offshore oil rigs reach the end of their useful lives, many head for

  Swiss-based Allseas has confirmed that delivery of one of the decades most anticipated new ships, the Pioneering Spirit (ex-Pieter Schelte), will be

  Three former shipping executives have been indicted for participating in a long-running and far-reaching price-fixing conspiracy involving the

  LONDON, Oct 7 (Reuters) – Dry bulk shipping faces more earnings pain as a slowdown in commodities demand and a glut of ships are expected to pile

  NEW DELHI, Oct 7 (Reuters) – India has extended the benefit of nil custom and production tax on bunker fuels to domestic coastal movement of

  Update: Salvage Underway for Wrecked MV Flinterstar Off Belgium A Dutch freighter has sank after colliding nearly head on with the Marshall

  Coast Guard crews continue searching for possible survivors from the cargo ship El Faro Tuesday night after covering more than 170,000 square miles

Take a load off.                  

  By Brian K. Sullivan (Bloomberg) — The worst thing facing the captain of the El Faro when he sailed his 790-foot container ship from Jacksonville,

  A livestock carrier loaded with cattle turned over alongside a pier at the Port of Vila do Conde in Barcarena, Brazil, reportedly killing thousands of

By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk has invited a Danish parliament committee to visit one of its North Sea oil fields amid

  By Barbara Liston JACKSONVILLE, Fla., Oct 6 (Reuters) – Deep seas will likely hamper efforts to find the sunken U.S. cargo ship lost off the

When the U.S. Coast Guard found, and then left, a body believed to be from the the lost SS El Faro, many may have been confused. Leaving the body means

  The U.S. Coast Guard said Monday that the American cargo ship El Faro likely sank after sailing into the path of Hurricane Joaquin on Thursday. The

  By Jonathan Stempel NEW YORK, Oct 5 (Reuters) – A federal appeals court in New York ordered the government to rewrite its rules regulating the

  By David Axe Oct 5 (Reuters) – President Barack Obama’s recent trip to Alaska helped draw attention to global climate change – and to

  By Christopher Jasper (Bloomberg) — Rolls-Royce Holdings Plc said it will cut another 400 jobs at its marine-engines arm as the oil-price decline

  By Rakteem Katakey, Del Quentin Wilber and Margaret Cronin Fisk (Bloomberg) — The value of BP Plc’s settlement with the U.S. government and five

Oct 5 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday as

  Update (Monday, Oct. 5, 2015) – The U.S. Coast Guard has concluded that the American cargo El Faro likely sank in Hurricane Joaquin. A search