News

Norwegian shipowners are committing an ambitious plan for the entire Norwegian fleet to be carbon neutral by 2050. The commitment, made under the umbrella of

By Phil Stewart and Idrees Ali WASHINGTON, May 19 (Reuters) – In an alert that appeared aimed squarely at Iran, the U.S. Navy issued a warning on Tuesday

By Gavin van Marle (The Loadstar) – The container shipping industry could save itself up to $4bn a year if half of all bills of lading (B/Ls) were dealt

The U.S. Navy has removed the commanding officer of a guided missile cruiser following a bunker spill while pier side at the Naval Weapons Station in Yorktown,

By William Mathis (Bloomberg) — Siemens Gamesa Renewable Energy SA, the Spanish wind turbine manufacturer, is to build what will be the world’s biggest

After five years in business, global salvage firm Ardent says it will no longer be entering into new contracts from May 2020 onward.  Ardent, a leading

By Annie Lee and Krystal Chia (Bloomberg) –Vessels carrying dry bulk commodities are struggling to make a profit because of the double hit of lower

By Lisa Barrington and Jonathan Saul DUBAI/LONDON, May 17 (Reuters) – Armed pirates attacked a British-flagged chemical tanker in the Gulf of Aden on

By Golnar Motevalli (Bloomberg) –Iran has sent an official warning to the U.S. against making threats to Iranian fuel tankers bound for Venezuela, the

By Alex Longley, Sherry Su and Javier Blas (Bloomberg) — One of the oil market’s most obvious signs of oversupply — millions of barrels being

The USNS Mercy departed the Port of Los Angeles Friday morning after seven weeks supporting COVID-19 relief efforts in the region.  The 1,000-bed U.S. Navy

A trio of oil industry majors have made a historic investment decision on a large-scale offshore carbon capture and storage project offshore Norway seen as

By Firat Kayakiran (Bloomberg) –Chinese oil traders know bargain crude prices when they see them. That, at least, is one conclusion from the movements of

FRANKFURT, May 15 (Reuters) – German container liner Hapag-Lloyd on Friday stuck with its full-year earnings guidance but warned that supply disruptions

By Sheela Tobben (Bloomberg) –A cluster of ships with American oil has been heading to a small terminal in southern Ireland as buyers search for places

By Humeyra Pamuk, Jonathan Saul and Timothy Gardner WASHINGTON/LONDON May 14 (Reuters) – The Trump administration on Thursday issued guidelines to help

May 14 (Reuters) – Norwegian Cruise Line Holdings Ltd swung to a quarterly loss on a $1.6 billion impairment charge as the COVID-19 pandemic brought the

Shipping industry employers and trade unions have agreed to extend seafarer contracts for another month in order to give time for governments and companies to

The Panama Canal says water conservation measures have been successful in securing steady draft reliability for the next several months as the waterway

By Jacob Gronholt-Pedersen and Nikolaj Skydsgaard COPENHAGEN, May 13 (Reuters) – Shipping group A.P. Moller-Maersk warned of a sharp drop in global