Shipping News

By Mike Wackett (The Loadstar) – Hapag-Lloyd recorded a profit of $46m in the final three months of 2016– a recovery too little too late to prevent the

DryShips Inc. (NASDAQ: DRYS) announced Monday that it has entered into agreements to acquire four modern Newcastlemax bulk carriers as the company continues to

By Christopher Langner (Bloomberg Gadfly) — When it comes to matters legal or bureaucratic, Singapore is swift to act. Bankruptcy, sometimes, can be even

March 27 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than two-year

Norwegian offshore supply vessel companies Solstad Offshore, Farstad Shipping, and Deep Sea Supply are forging ahead with plans to combine operations with the

By Maha El Dahan and Michael Georgy SHARJAH, United Arab Emirates, March 24 (Reuters) – Captains of small wooden dhows are carrying food and wares from

A crew member of an offshore supply vessel in the Gulf of Mexico claims he saw a UFO ‘fives times’ the size of his vessel and UFO

By Joyce Lee SEOUL, March 24 (Reuters) – Daewoo Shipbuilding & Marine Engineering Co Ltd’s CEO Jung Sung-leep said he believes he should step

By Mikael Holter (Bloomberg) — Two former associates of billionaire shipping and rig tycoon John Fredriksen are delivering out-sized returns by snapping

By Debjit Chakraborty and Saket Sundria (Bloomberg) — India’s Oil & Natural Gas Corp. is wading into deep waters where energy giants BP Plc

The U.S. Department of the Interior has announced that Wednesday’s lease sale for all available oil and gas parcels in the central Gulf of Mexico yielded

By Mike Wackett (The Loadstar) – The delay in the merger between Hapag-Lloyd and UASC is due to some of the Gulf carrier’s creditor banks “seeking

By Elida Moreno and Marianna Parraga PANAMA CITY/SAN ANTONIO, March 22 (Reuters) – Royal Dutch Shell agreed to lease capacity at a large oil terminal in

A major search is underway in Spain for two people still missing after a Russian tanker collided with a fishing vessel off the coast of Barcelona on

By J. Michael Cavanaugh, Eric Lee (Holland & Knight) – Rep. John Garamendi (D-Calif.), joined by Reps. John Duncan (R-Tenn.) and Duncan Hunter

(Moore Stephens LLP) – Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey

By Abdiqani Hassan BOSASSO, March 19 (Reuters) – Somali officials whose forces freed a hijacked oil tanker and its eight Sri Lankan crew said on Sunday

By Mikael Holter (Bloomberg) — Billionaire John Fredriksen and his former top adviser Tor Olav Troim may not see eye to eye anymore, but they agree

Ever wonder what it’s like inside a modern ultra-deepwater drillship. Well, here you go: The video was filmed in the Gulf of Mexico aboard a 2010-built

By Aradhana Aravindan and Anshuman Daga SINGAPORE, March 20 (Reuters) – Oilfield services provider Ezra Holdings Ltd’s decision to file for U.S.