News

Florida-based Eastern Shipbuilding Group has laid the keel for the U.S. Coast Guard’s first-of-class Offshore Patrol Cutter.  A virtual keel laying

Louisiana-based aluminum boat builder Metal Shark has delivered its first steel-hulled inland towboat from the company’s shipyard in Bayou La Batre,

By Olivia Raimonde (Bloomberg) — Oil snapped a five-day rally as a persistent supply glut outweighed signs of recovering U.S. fuel demand. Futures in

By Gavin van Marle (The Loadstar) The Suez Canal Authority (SCA) is set to lose over $10m in revenue from container lines routing vessels via the Cape of

(Bloomberg) — In Brazil, the world’s top sugar producer, the queue for ships to export the commodity is lengthening in a bullish sign that the biggest

May 6 (Reuters) – Norwegian Cruise Line Holdings Ltd has raised over $2.2 billion through debt and equity offerings, giving the cash-strapped cruise

By Marianna Parraga – May 4 (Reuters) – Venezuela’s oil exports ticked higher in April after falling in March to their lowest average in

Estonia-based ferry operator Tallink reported a nearly 96% year-over-year decrease in passenger travel and vehicles last month amid the on-going coronavirus

At least 18 crew members on board the Military Sealift Command ship USNS Leroy Grumman have tested positive for COVID-19 in Boston, CBS Boston has reported.

By Nivedita Balu and Helen Coster May 5 (Reuters) – Norwegian Cruise Line Holdings Ltd , the world’s third-largest cruise operator, raised doubts

By Olivia Raimonde (Bloomberg) — Oil rallied for a fourth day as the pace of stockpile builds at the key U.S. storage hub slowed last week. Futures rose

Pirates have reportedly kidnapped 10 crew from a product tanker of the coast of Nigeria, Dryad Global has reported. The incident took place April 30 around

Cargo failure (i.e. liquefaction) and delays in casualty investigation reporting continue to be a major safety concern for dry bulk shipping, INTERCARGO said

By Javier Blas (Bloomberg) — Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major U.S. refiner Valero Energy

A newbuild offshore installation vessel due for delivery later this month suffered a major accident over the weekend when its crane collapsed during

May 4 (Reuters) – Carnival Corp said on Monday it planned to restart some of its cruise trips from North America in August as it tries to recover from

By Anna Shiryaevskaya (Bloomberg) — As economic lockdowns complicate efforts to bring electricity to every corner of the planet, one company is putting

A Maersk Line containership suffered an engine room fire that left the ship adrift in the Caribbean Sea off the coast of Guadeloupe.  The 1,800-TEU Maersk

By Chester Dawson (Bloomberg) — The length of almost two football fields, the cargo ship Jupiter Spirit arrived in Los Angeles’ harbor on April 24

U.S.-flag ro-ro carrier ARC has been awarded a major contract to provide global relocation services for the Department of Defense and U.S. Coast Guard. The