News

By Adam Williams (Bloomberg) — While more than 180,000 onshore wells are producing oil in Texas, only 8,250 have been drilled by Petroleos Mexicanos

By Jacob Gronholt-Pedersen and Liz Hampton SINGAPORE/HOUSTON, Jan 8 (Reuters) – Oil traders in Asia are running the numbers on importing Alaskan crude,

Travel and leisure company Carnival Corporation & plc is expanding its global fleet to meet rising demand for cruise vacations. As part of its fleet

Jan 8 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, continued its run of

This video was filmed in 2012 after the tugboat Miss Stacy became pinned broadside against a construction barge at the Memorial Bridge in Portsmouth,

San Diego shipbuilder General Dynamics NASSCO marked 2015 with the delivery of three lead ships: USNS Lewis B. Puller, the Isla Bella and the Lone Star State,

VIKING Life-Saving Equipment says it has received type approval for its record setting 81-meter evacuation chute developed in response to the increasingly

(Drewry) – Further widening of the supply-demand imbalance at the trade route level and insufficient measures to reduce ship capacity will lead to an

By Jonathan Saul LONDON, Jan 7 (Reuters) – The world’s second biggest container shipping line, MSC, has become the latest firm to resume direct

Maritime union groups around the world are closely monitoring a dispute over the replacement of the Australian-flagged bulk carrier MV Portland

Jan 7 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying industrial commodities, fell to a record low

LONDON/FRANKFURT, Jan 7 (Reuters) – Reinsurance rates in the marine sector continued to fall at the start of the year, in spite of the huge cost of

Video from Maine Imaging Photography showing the U.S. Navy’s Zumwalt (DDG-1000) entering Portland Harbor following sea trials in December. The Zumwalt is

By Jasmine Ng (Bloomberg) — Iron ore cargoes from Australia’s Port Hedland climbed last month to cap a record year as billionaire Gina Rinehart’s Roy

The Port of Rotterdam has reported a record number of very large crude carriers in port in 2015 helped by growth in full oil supply in northwest Europe and

The first of two new Service Operation Vessels (SOV) featuring the new Ulstein X-Stern arrived at the Ulstein Verft shipyard in Ulsteinvik, Norway after making

ABU DHABI, Jan 6 (Reuters) – Container volumes rose by 32 percent at Abu Dhabi’s Khalifa Port in 2015 buoyed by industrial and infrastructure

BY Mohammed Aly Sergie (Bloomberg) — For Qatar, the world’s largest exporter of liquefied natural gas, preparing for a looming glut of the fuel isn’t

International accountant and shipping adviser Moore Stephens expects the shipping industry to remain volatile and indispensable in 2016. Moore Stephens

By Brenda Goh SHANGHAI, Jan 6 (Reuters) – China’s dry-bulk shipping industry will likely see a surge in bankruptcies this year as freight rates hit