News

Weeks Marine has completed the pile driving operation in the salvage of the Golden Ray vehicle carrier in Georgia’s St. Simons Sound.  In total, 80

HMM has launched its first of twelve 24,000 TEU containerships HMM Algeciras, the world’s largest containership.  The ship was officially named during a

MOSCOW, April 23 (Reuters) – Two Russian companies signed a deal on Thursday to build the world’s most powerful nuclear icebreaker to help boost

By Jack Wittels, Firat Kayakiran and Javier Blas (Bloomberg) — Oil refiners are hunting for vessels to store jet-fuel and gasoline that nobody is

The U.S. Navy hospital USNS Comfort has been ordered to return to its homeport in Virginia less than a month after arriving in New York to offer surge capacity

By Ron Bousso, Stephanie Kelly and Laura Sanicola LONDON/NEW YORK, April 22 (Reuters) – Oil traders are struggling to find enough ships, railcars,

By Jonathan Saul, Devika Krishna Kumar and Olga Yagova LONDON/NEW YORK/MOSCOW, April 22 (Reuters) – Saudi Arabia is exploring re-routing millions of

WASHINGTON, April 22 (Reuters) – President Donald Trump said on Wednesday he had instructed the U.S.Navy to fire on any Iranian ships that harass it at

By Captain George Livingstone – As we witness the COVID-19 crisis spread around the world it seems this big problem could morph and spread into a myriad

By Robert Tuttle (Bloomberg) — Oil tankers carrying enough crude to satisfy 20% of the world’s consumption are gathered off California’s coast with

By Mike Spector and David French April 21 (Reuters) – Offshore oil driller Valaris PLC is preparing to start talks with creditors to see if they can

By Olivia Raimonde (Bloomberg) — Oil’s meltdown spread in to the June contract as the price plummeted $10 in New York. West Texas Intermediate plunged

By Brian K. Sullivan (Bloomberg) — The world’s seas are simmering, with record high temperatures spurring worry among forecasters that the global

SOFIA, April 21 (Reuters) – Pirates attacked a Portugal-flagged ship and kidnapped its Bulgarian captain and seven sailors off the coast of Benin,

By Stephanie Kelly NEW YORK, April 20 (Reuters) – U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a

By Michael Bellusci (Bloomberg) — In a historic Monday for crude prices, energy-exposed equities didn’t quite crater as some may have envisioned. The

NEW YORK, April 20 (Reuters) – Energy traders fled from the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract deep into

Fabled Singapore oil trader Hin Leong hid about $800 million in losses racked up in futures trading on the orders of its founder Lim Oon Kuin, suggesting a

The captain of an Isle of Man-registered containership was murdered onboard his ship at the Port of Cartagena, Colombia, the ship’s manager has

By Krystal Chia (Bloomberg) — Freight rates for bulk commodities, which were torpedoed earlier this year as China’s economy took its initial hit from