Shipping News

By Kyunghee Park and Jung Park (Bloomberg) — Last August, the Korea Development Bank left cash-strapped Hanjin Shipping Co. adrift at sea —

By Manuel Mogato ABOARD THE USS CARL VINSON, South China Sea, March 3 (Reuters) – T he flight deck of the USS Carl Vinson shakes as a succession of

The U.S. Coast Guard on Thursday responded to a report of a breakaway barges at the Racine Lock and Dam on the Ohio River near Huntington, West Virginia. Coast

March 2 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday as rates

By Gavin van Marle in Long Beach (The Loadstar) – The entire shipping industry – carriers and their customers and suppliers – need to come together

By Yousef Gamal El-Din and Sam Wilkin (Bloomberg) — Gulf Navigation Holding PJSC may sell shares or Islamic bonds as the Dubai-based shipowner plans to

By Peter Apps March 1 (Reuters) – For much of the last week, the U.S. aircraft carrier Carl Vinson has been patrolling the South China Sea. It is just

Stamford-headquartered Eagle Bulk Shipping Inc. (Nasdaq: EGLE) on Wednesday announced that it has reached a definitive agreement to purchase up to nine

SINGAPORE, March 1 (Reuters) – China’s Yangzijiang Shipbuilding Holdings Ltd plans to cut another 10 percent of its workforce in 2017, its

By Tom Hals Feb 28 (Reuters) – A subsea and offshore contractor affiliate of Ezra Holdings Ltd, a struggling Singaporean oilfield services firm, filed

By Andrew Mayeda (Bloomberg) — Billionaire Wilbur Ross was confirmed as U.S. Commerce secretary by the Senate, clearing the way for one of President

By Gwladys Fouche and Ole Petter Skonnord OSLO, Feb 28 (Reuters) – Rig firm Seadrill, battling with $14 billion in debt and liabilities, said on Tuesday

By Steve Holland WASHINGTON, Feb 27 (Reuters) – President Donald Trump is seeking what he called a “historic” 9 percent increase in military

By Sheela Tobben (Bloomberg) — Another week, another record for U.S. crude exports. Producers and traders shipped out 1.21 million barrels of crude a day

The Chairman of the International Chamber of Shipping, Esben Poulsson, laid out Friday what the industry would like to see from the International Maritime

By Karl Plume and Michael Hirtzer CHICAGO, Feb 23 (Reuters) – A glut of idled river barges is clogging Mississippi River shorelines from St. Louis to New

Here’s a new upload from maritime Youtuber JeffHK, in which he offers up his thoughts on why maritime SUCKS, or least discusses

By Jonathan Saul and Carolyn Cohn LONDON, Feb 24 (Reuters) – U.K.-regulated ship insurers are preparing plans to open new outposts in European Union

Global satellite provider Inmarsat says it has recorded a throughput speed in access of 300 megabits per second during live satellite tests of its

The U.S. Coast Guard on Wednesday awarded five firm fixed-price contracts for heavy polar icebreaker design studies and analysis. The contracts were awarded to