Shipping News

By Mike Wackett (TheLoadstar) Maersk Line plunged $151m into the red in the second quarter dragging down its half-year results to a net loss of $114m,

With most maritime markets struggling, the cruise industry in Asia is growing at a record pace and shows no signs of slowing down, according to a new study

Norwegian shipbuilder VARD has confirmed the order for four expedition-style cruise ships for French luxury cruise company PONANT. The shipbuilding contracts

LONDON, Aug 12 (Reuters) – Two Turkish sailors were jailed for a total of 42 years on Friday after their attempt to smuggle a huge haul of cocaine into

The National Oceanic and Atmospheric Administration has raised its outlook for the 2016 Atlantic Hurricane Season, forecasting a higher number of named storms

By Ole Mikkelsen COPENHAGEN, Aug 12 (Reuters) – A.P. Moller-Maersk’s progress in cutting costs reassured investors on Friday after the Danish

COPENHAGEN, Aug 12 (Reuters) – A.P. Moller-Maersk kept its downbeat 2016 profit forecast on Friday as the Danish shipping and oil giant reported net

By Liz Hampton HOUSTON, Aug 11 (Reuters) – British oil company BP Plc has loaded a cargo of Alaskan North Slope (ANS) crude for export, according to two

By Dmitry Zhdannikov MOSCOW, Aug 11 (Reuters) – Oil markets will begin to tighten in the second half of 2016 but at a slow pace as global demand growth

By Jonathan Saul and Andrew MacAskill LONDON, Aug 11 (Reuters) – Royal Bank of Scotland has put its portfolio of Turkish shipping loans up for sale, in

ROME, Aug 11 (Reuters) – Italy raised the security level at its tourist ports on Thursday, a coastguard spokesman said, meaning intensified controls of

By Jonathan Burgos (Bloomberg) — The recent drubbing in Singapore bank stocks is turning Southeast Asia’s biggest lenders into bargains for money

By John Boudreau and Mai Ngoc Chau (Bloomberg) — The spyware used in cyber attacks on Vietnam’s major airports and national carrier last month is now

By Alan Charlish Aug 10 (Reuters) – SBM Offshore’s first-half results lagged analysts’ expectations on Wednesday as challenging conditions

A damage assessment of the grounded Transocean drilling rig in Scotland showed that two of the rigs’ fuel tanks have been breached, but it is unclear

By David Yong and Andrea Tan (Bloomberg) — Singapore’s offshore oil services companies and marine engineering firms are leaving it too late to

FRANKFURT, Aug 10 (Reuters) – German container shipping group Hapag-Lloyd said it dropped to a first-half operating loss as disappointing freight rates

By George Georgiopoulos ATHENS, Aug 10 (Reuters) – China’s COSCO Shipping , owner of the world’s fourth largest container fleet, took a 51

By Alex Nussbaum and Naureen Malik (Bloomberg Markets) — When the Panama Canal’s expanded locks slid open in late June, perhaps no one was happier than

The voyage data recorder from the sunken American cargo ship El Faro was recovered from the ocean floor late Monday evening, capping a 10-month effort to