Shipping News

Japanese shipbuilder Mitsubishi Heavy Industries (MHI) says it has reached basic agreements with other domestic shipbuilders on forming alliances in the

By Gavin van Marle & Mike Wackett (The Loadstar) – As the new alliance structure prepares to get underway tomorrow, with the Ocean and THE alliances

The NTSB has released a Marine Accident Brief on its investigation into the December 2015 sinking of the towing vessel Spence in the Caribbean Sea. On December

(Drewry) – Following another poor year for multipurpose shipping with further erosion of rates making it the worst market in over 10 years, signs of

You have been either hacked… or just didn’t know you have been hacked! By George Ward (ECDIS Ltd.) – I predict that the first catastrophic

By Keith Wallis SINGAPORE, March 31 (Reuters) – Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-month highs on

March 30 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday after

By Olesya Astakhova SABETTA, Russia, March 30 (Reuters) – An ice-breaking tanker docked for the first time at Russia’s Arctic port of Sabetta to

SHANGHAI, March 30 (Reuters) – China’s COSCO Shipping Holdings Co Ltd made a loss last year of 9.9 billion yuan ($1.44 billion), the company

General Dynamics NASSCO has christened and launched the Palmetto State, the final ship in an eight-ship ECO Class tanker program to be constructed at NASSCO.

By Dina Khrennikova and Elena Mazneva (Bloomberg) — Vladimir Putin wanted to remake Josef Stalin’s quest for a greater foothold in the Arctic into a

Miami-based SunStone Ships has announced that it has signed a Framework Agreement with China Merchants Industry Holdings for the construction of four ice-class

SHANGHAI, March 29 (Reuters) – China and Hong Kong stocks rose on Wednesday as further signs of a pick-up in global trade boosted shares of port

By Stine Jacobsen COPENHAGEN March 28 (Reuters) – A.P. Moller-Maersk’s new chairman committed to automating its systems as the oil and shipping

SEOUL, March 28 (Reuters) – South Korea on Tuesday said forensic examination showed bone fragments found near a salvaged ferry that sank in one of its

Japanese container shipping company Mitsui O.S.K. Lines (MOL) has taken delivery of the MOL Triumph, the new ‘world’s biggest containership’

By Jonathan Saul and Arno Schuetze LONDON/FRANKFURT, March 28 (Reuters) – A merger of Hapag-Lloyd and United Arab Shipping Company (UASC) has hit a snag,

Somali pirates have released a small dhow which authorities feared could be used to launch attacks on large commercial ships further offshore. A report

By Brenda Goh SHANGHAI, March 27 (Reuters) – Chinese state firms have expressed an interest to develop land around the Panama Canal, the chief executive

Fincantieri’s bid for all remaining shares of Vard Holdings failed to reach the minimum threshold required to take the company private.