Shipping News

By Gavin van Marle (The Loadstar) – At least 100 panamax-class containerships need to be scrapped if owners are to see charter rates return to break-even

By Gavin van Marle (The Loadstar) – As debt claims against bankrupt South Korean carrier Hanjin Shipping continue to mount in both the US and South

OSLO, Jan 31 (Reuters) – Tanker firm DHT Holdings estimated its net asset value at $5.7 per share on Tuesday, above a non-binding all-share offer made by

MANILA, Jan 31 (Reuters) – Philippine President Rodrigo Duterte on Tuesday said he had asked China to help in the fight against Islamic State-linked

  By Rakteem Katakey, Andy Hoffman and Angelina Rascouet   (Bloomberg) — Royal Dutch Shell Plc, looking to pare debt swollen by last

TOKYO, Jan 31 (Reuters) – Japan’s top three shippers, Nippon Yusen KK (NYK), Mitsui OSK and Kawasaki Kisen Kaisha pared their full-year loss

The two crewmembers of the bulk carrier Shanghai Spirit were seriously injured in a scaffolding accident at Port Alma in Queensland, Australia on Sunday.

The new locks of the Panama Canal saw another milestone on this month with the successful transit of TradeWinds Towing tug Hollywood and barge JMC

SANAA, Jan 30 (Reuters) – Houthi militants attacked a Saudi warship with three boats off the western coast of Yemen on Monday, causing an explosion that

Russian shipping company Sovcomflot (SCF) says its new arctic shuttle tankers have now transported one million tonnes of crude oil from the Yamal Peninsula to

By Andrew Osborn MURMANSK, Russia, Jan 30 (Reuters) – The nuclear icebreaker Lenin, the pride and joy of the Soviet Union’s Arctic great game, lies

The U.S. Coast Guard held a memorial service Friday in remembrance of the 23 lives lost after the Coast Guard Cutter Blackthorn collided with tanker and sank

A 371-ft cargo vessel named Kraken has been scuttled off Galveston, Texas to create a new artificial reef for fishermen and divers in the Gulf of Mexico. The

Jan 27 (Reuters) – Finnish ship technology and power plant maker Wartsila posted better-than-expected profits and new orders in the fourth quarter as

BERLIN, Jan 26 (Reuters) – The German Defence Ministry on Thursday said it would skip an open tender for the planned purchase of five more corvettes

SINGAPORE, Jan 26 (Reuters) – Singapore’s Keppel Corp Ltd posted its smallest annual profit in a decade, dented by a lack of orders at its key

By Jessica Shankleman (Bloomberg) — Europe will install more than 3.5 gigawatts of offshore wind capacity this year, the WindEurope industry group said.

New regulations on limiting sulphur and nitrogen oxides emissions and a burgeoning global infrastructure are adding to the growing momentum for the widespread

By Mike Wackett (The Loadstar) – Port and terminal consolidation is the “only long-term answer” to mitigate the impact of fewer calls of ultra large

The crew of the U.S. Coast Guard Cutter Polar Star arrived at the National Science Foundation’s McMurdo Station Tuesday after cutting a resupply channel