News

New York-based Bouchard Transportation Company says it has now processed all back pay to employees, customers and vendors as the company continues to work on

By Jessica T. Moore – On the open seas away from watchful eyes, illegal ocean polluters might never be held accountable for damaging the fragile marine

The world’s largest container line has suspended crew changes for all of its operated ships amid the coronavirus pandemic. In an emailed statement, A.P.

LONDON, March 17 (Reuters) – Trading house Glencore has chartered the 3 million barrel crude carrier ‘Europe’ to store oil at sea

LONDON, March 17 (Reuters) – Posidonia, one of the world’s biggest shipping exhibitions due to have been held in June, has been postponed

European ferry operator Stena Line has announced plans to layoff 950 employees due to travel restrictions imposed amid the coronavirus pandemic.   The

By Nerijus Adomaitis OSLO, March 16 (Reuters) – Equinor will extend its employees’ shifts at offshore platforms to 21 days from 14 days to reduce

By Jonathan Levin (Bloomberg) — Carnival Corp., the largest player in a cruise industry reeling from the effects of the coronavirus, said it expects a

By Roslan Khasawneh – SINGAPORE, March 16 (Reuters) – A surge in demand to ship the flood of crude oil unleashed by Saudi Arabia and its OPEC peers

By Jonathan Levin (Bloomberg) — President Donald Trump said the country’s biggest cruise lines will suspend operations for a month at his request,

By Muyu Xu and Dominique Patton BEIJING, March 13 (Reuters) – Severe congestion at Chinese ports is easing, say officials and industry participants,

March 13 (Reuters) – Royal Caribbean Cruises Ltd said on Friday it was suspending its cruises in the United States for 30 days, an hour after Norwegian

By Alex Longley, Jack Wittels and Firat Kayakiran (Bloomberg) — Saudi Arabia is snapping up more and more oil tankers as the kingdom prepares to flood

By Alex Longley (Bloomberg) — Oil is headed for its largest weekly collapse since 2008 as a bitter price war erupted between Saudi Arabia and Russia,

By Jennifer A. Dlouhy (Bloomberg) — U.S. oil companies battered by the crude price war between Saudi Arabia and Russia are encouraging the Trump

By David Lawder and Andrea Shalal WASHINGTON, March 13 (Reuters) – The Trump administration is not considering broad relief from import tariffs on

By Enda Curran and Michelle Jamrisko (Bloomberg) — A pandemic-driven global recession is becoming more likely by the day as the flow of goods, services

Salvage crews have started the operation to remove fuel oil from the stricken Stellar Banner off the coast of the Brazil.  The debunkering operation is

By Mike Wackett – MSC is deploying the world’s biggest ships to evacuate empty containers from China to the US, as carriers on the transpacific try

By Olga Yagova and Gleb Gorodyankin MOSCOW, March 12 (Reuters) – Saudi Arabia has stepped up efforts to squeeze Russia’s Urals oil grade out of its