News

By Olivia Raimonde and Alex Longley (Bloomberg) — Oil’s historic rebound this month from its dramatic plunge below zero is running into headwinds.

The South African Maritime Safety Authority (SAMSA) is responding to a VLCC in distress off the port of St. Johns. The Chinese-flagged tanker, MT Yua Hua Hu,

Australian authorities have brought charges against the master of the APL England, which lost about 50 containers overboard off Sydney on Sunday. The offenses

By Ameya Karve, Denise Wee and Abhishek Vishnoi (Bloomberg) –A unit of Temasek Holdings Pte. is in talks for a potential investment of at least $400

By Brian Eckhouse and David Wethe (Bloomberg) –Jeff Bishop’s LinkedIn post gets right to the point: “Houston Oil & Gas Folks — we’re

By Devika Krishna Kumar NEW YORK, May 28 (Reuters) – A flurry of tentative bookings to export U.S. crude oil from the Gulf Coast suggests demand is

By Eric Martin (Bloomberg) –The U.S. trade war with China cut $1.7 trillion from the market value of listed American firms and will reduce their

By Claire Jiao, Ann Koh and Krystal Chia (Bloomberg) — Even as countries try returning to some semblance of pre-pandemic life, ongoing restrictions are

COPENHAGEN, May 28 (Reuters) – The coronavirus lockdown has accelerated a digitalisation drive in a global shipping and logistics sector that still

By Hugh Bronstein and Maximilian Heath BUENOS AIRES, May 28 (Reuters) – Shallow water in Argentina’s Parana River will slow exports from the grains

By Shu Zhang and Florence Tan SINGAPORE, May 28 (Reuters) – The volume of crude stored on ships in Asia has come off the peaks seen earlier this month

The biggest and most powerful LNG-fueled engine ever built has been approved for use on board the first vessel in a series nine 23,000 TEU containerships owned

The removal of the overturned Golden Ray in St. Simons Sound, Georgia is likely to top $400 million, according to the insurer handling the claim.  The price

By Jonathan Saul, Humeyra Pamuk and Timothy Gardner LONDON/WASHINGTON, May 27 (Reuters) – Ship owners and insurers say it may be impossible for the

The heads of the maritime, labor and aviation agencies at the United Nations have issued a plea for urgent action on crew changes and for “key

By William Mathis (Bloomberg) –Japanese natural gas company Tokyo Gas Co. Ltd has made a bet that the future of renewable power will be floating at sea.

By Amy Stillman (Bloomberg) –When 62-year-old Tomas Morales registered a fever of 101.3 Fahrenheit on April 14, the doctor told him to self-isolate. But

On the eastern edge of the Mediterranean Sea near the major shipping routes connecting Europe, Asia, and Africa lies the island country of Cyprus, a small but

By Olivia Raimonde and Alex Longley (Bloomberg) — Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers

A group of Denmark’s leading transport companies have joined forces on an ambitious project to develop an industrial-scale production facility for