News

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 12.4 percent to $620 per 20-foot container (TEU) in the week

Update 2: Costa Cruises has confirmed that five of its guests were also among those killed in yesterday’s terrorist attack in Tunis, Tunisia, bringing

Venezuela will seek to reduce a $46 million compensation claim it has been ordered to pay to oil service company Tidewater in a case stemming from the 2009

The Seychelles Supreme Court has convicted nine Somali nationals of committing acts of piracy who were previously released and paid compensation by Denmark

Dubai's DP World, one of the world's largest port operators, posted an 11.8 percent rise in 2014 net profit as profit margins grew in all its regions, the

The U.S. Coast Guard has reported the capsize and sinking of a towing vessel on the Ohio River near Golconda, Illinois, Wednesday night. Coast Guard Sector

Every day, Gabrielle McGrath thinks about the Titanic and the 1,517 lives lost when the White Star Line ship struck an iceberg in April

Rates for capesize bulk carriers, which have been close to six-year lows for the last two months, show little sign of improvement as a tonnage glut and

The U.S. Coast Guard and local agencies in New York were working Wednesday to extinguish a fire aboard a Panamanian-flagged roll-on/roll-off vessel at Homeport

By Pamela MacLean (Bloomberg) — Defending America’s Cup champion Oracle Racing Inc. avoided the impoundment of one of its sailboats in a dispute with a

Statoil ASA plans to drill four wells in Russia with state oil company OAO Rosneft, showing Norway’s biggest energy producer is deepening its involvement in

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, was lifted on Wednesday by higher demand for panamax

Statoil announced today a significant natural gas discovery while drilling in the Snefrid Nord prospect in the Norwegian Sea.  Utilizing the Transocean

Saudi Oil Minister Ali al-Naimi has said oil demand was growing and expected oil prices, which hit a near six-year low in January, to

Port and Free Zone World (PFZW), the holding company for Dubai-based ports operator DP World, has closed a $1.2 billion loan deal, banking sources aware of the

MSC Cruises revealed Wednesday that the MSC Seaside, the first of the ultra-modern Seaside-class ships, will be the first ship in the MSC Cruises' fleet to be

The Asia cruise industry is experiencing dramatic double-digit growth of cruise ships, passengers and ports in the region, according new data released today by

Swiss-based trading house Gunvor, which had been trying to cut asset exposure to the Russian market, is among the winners of a large Rosneft tender, traders

In September 1946, the WWII-era U.S. Army Transport ship General M. G. Zalinski sank after running aground some 100 kilometers south of Prince Rupert, Canada

The Austal-built trimaran ferry Condor Liberation arrived yesterday for the first time into Guernsey’s St. Peter Port harbor to begin mooring trials in