News

By Jonathan Tirone and Golnar Motevalli (Bloomberg) — A decade of sanctions imposed on Iran’s nuclear program may come to an end by Monday, unlocking

Update (Jan 14) – The intense and dangerous North Pacific storm continues to pack winds to 90 knots and wave heights to 50 feet (15.2 meters) this

By Bozorgmehr Sharafedin and Sam Wilkin DUBAI, Jan 13 (Reuters) – Iran released 10 U.S. sailors on Wednesday after holding them overnight, bringing a

By Mike Wackett (The Loadstar) – According to shipbroker Braemar ACM, as at the beginning of this week six container vessels, equating to 14,000 teu, had

By David Tweed (Bloomberg) — China has nearly finished a giant coast guard ship and will probably deploy it armed with machine guns and shells in the

Pioneer Marine has received fuel-efficient dry bulk carrier M.V. Kite Bay from Yangzhou Guoyu Shipbuilding. The M.V. Kite Bay is a 38,419 DWT Green

Archaeologists have discovered the battered hulls of two 1800s whaling ships nearly 144 years after their sinking off the Arctic coast of Alaska along

By Naureen S. Malik (Bloomberg) — Somewhere in the Gulf of Mexico right now, the Energy Atlantic is headed for Louisiana to collect an historic cargo:

By Kyunghee Park (Bloomberg) — The weakening yuan and China’s waning appetite for raw materials have come around to bite the country’s shipbuilders,

ATHENS, Jan 12 (Reuters) – Greece only received a bid from China’s Cosco Group for a majority stake in Piraeus Port Authority, the operator of the

Offshore service contractor POSH Terasea has been selected to provide towage and positioning services for the Prelude FLNG, the world’s largest offshore

Update (Tues. January 12, 2016) – The Baltic Dry Index sank to a new record low for the sixth straight session on Tuesday brought down by record low

By Rakteem Katakey (Bloomberg) — BP Plc plans to cut 4,000 jobs in its crude- oil production division this year as prices trade near a 12-year low. The

Australia Pacific LNG has shipped the first liquefied natural gas (LNG) cargo from its new LNG export facility on Curtis Island

Some spectator video shows the Greek freighter Olga M bang its way through the old Evripos Bridge in Chalcis, Greece. According to reports, neither

By Sandhya Ravishankar CHENNAI, India, Jan 11 (Reuters) – An Indian court on Monday sentenced crew members of a private American ship, including 25

A Russian-owned cargo ship has been evacuated after running aground Sunday and partially sinking along a breakwater in Yamagata prefecture in northeast

The livestock carrier MV Ocean Outback finally departed Western Australia this weekend after a propulsion problem left the ship stranded offshore

By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S is a conglomerate with about 900 different divisions, but investors only really need to worry

Inmarsat plc has confirmed that its Global Xpress constellation achieved global commercial service introduction in December last year. Global Xpress is a