Shipping News

(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.

by Nikki Ekstein (Bloomberg) It takes a lot of good business to be able to afford a megayacht. But owning one is very, very bad business, according to Aaron

by Nikki Ekstein (Bloomberg) Richard Fain, the chief executive officer of Royal Caribbean Cruises Ltd., is willing to bet $5 billion that he can take

By Katharine Houreld NAIROBI, March 14 (Reuters) – Pirates have hijacked an oil tanker with eight Sri Lankan crew on board, Somali authorities said on

By Peter Hinchliffe, Secretary General, International Chamber of Shipping The Ballast Water Management Convention (the Convention), aimed at establishing

By Mike Wackett (The Loadstar) – The eastbound capacity crunch hitting shippers to Asia is not temporary, but the beginning of a more permanent shift in

The UK National Oceanography Centre’s new Autosub Long Range, bearing the name ‘Boaty McBoatface’, is getting ready to hit the water on its

Miami-based Carnival Corporation has opened its second Fleet Operations Center in Seattle that will be used to provide real-time support for the

By Jonathan Saul and Parisa Hafezi LONDON/ANKARA, March 13 (Reuters) – Iran’s top cargo shipping company has held meetings in London to discuss a

Finnish technology and propulsion company Wärtsilä has launched a new technology that is designed to provide safer and more efficient vessel operations by

By Jennifer A. Dlouhy and Catherine Traywick (Bloomberg) — Senator Lisa Murkowski said President Donald Trump is interested in opening up new coastal

PARIS, March 10 (Reuters) – CMA CGM, the world’s third-largest container line, swung back to a net profit in the fourth quarter of last year,

The Swedish Maritime Administration is coordinating the salvage of general cargo ship which has run aground on the Gota River. The Netherlands-flagged Skagern

Spot container freight rates from North Europe to China increased by 45% this week, reaching a four-year high, according to the shipping consultancy Drewry.

March 10 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, closed at its highest

FRANKFURT, March 10 (Reuters) – German state-controlled lender NordLB will inject money into its loss-making Bremer Landesbank (BLB) unit, which is