News

Aug. 20 (Bloomberg) — Wilbur Ross, the billionaire investor in struggling industries, says Chinese limits on shipbuilding will help the cargo market

The United Kingdom Hydrographic Office (UKHO) has announced that the latest islands to be named within British Antarctic Territory include titles which are

By Balazs Koranyi and Michael Shields OSLO/VIENNA, Aug 19 (Reuters) – Norway’s Statoil sold stakes in North Sea oil fields to Austria’s OMV

By Rolando Ng CORDOVA, Philippines, Aug 19 (Reuters) – The central Philippine province of Cebu, famous among divers around the world for its clear waters

Aug. 19 (Bloomberg) — A.P. Moller-Maersk A/S, owner of the world’s biggest shipping line, said concern that emerging markets are losing their

By Rolando Ng TALISAY, Philippines, Aug 18 (Reuters) – As rescuers plucked more bodies from the sea after a Philippine ferry and a cargo ship collided

Worsening weather and sea conditions on Saturday forced the Philippines to suspend a search for survivors of a ferry disaster that killed at least 32 people

Update: The Kiani Satu has been successfully refloated this morning according to a statement by Captain Nigel Campbell from the SA Maritime Safety Authority.

U.S. Harbor Maintenance Tax would be converted into a fee on goods brought into the United States by rail and highway from Canada and Mexico under legislation

The 190-meter bulk carrier which sank off the coast of Hong Kong during Typhoon Utor earlier this week has been reported to have been carrying nickel ore,

GasLog (NYSE: GLOG) has announced that it has ordered two new 174,000 cbm tri-fuel diesel electric LNG carriers from Samsung Heavy Industries in South

Amid throngs of shoreside and seagoing spectators, the world’s largest containership, MV Maersk Mc-Kinney Moller, arrived today in Rotterdam on her

By Gerard Wynn LONDON, Aug 16 (Reuters) – The world’s oceans have absorbed more than 90 percent of global warming since the mid-20th century,

Aug. 16 (Bloomberg) — A.P. Moeller-Maersk A/S climbed to an 18-month high after the company raised the earnings forecast for its container line, which

After a night of drinking in Qingdao, China, Jiang Wu mistook a shipping container as his hotel room. It’s a classic mistake that no doubt happens to

Regardless of the state of the global economy, the world renowned Fifth Avenue in New York City is always bustling with optimistic shoppers looking for some

The growing threat of piracy and maritime crime in the Gulf of Guinea was on the docket this week at the United Nations. In a press statement, the Security

AdvanFort, a US-based private maritime security company announced today that in an effort to maintain the highest operational standards from its guards,

Aug. 15 (Bloomberg) — Subsea 7 SA, an offshore oil services provider, rose to the highest level in more than seven weeks in Oslo as improving margins are

Aug. 15 (Bloomberg) — Demand for tankers to haul fuels including gasoline will benefit for several years as refinery expansions in India and the Persian