Shipping News

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

Check out this drone video posted by Panama Canal Administrator Jorge Luis Quijano showing a neopanamax containership entering the expanded Panama

WASHINGTON, Aug 9 (Reuters) – Satellite photographs taken in late July show China appears to have built reinforced aircraft hangars on its holdings in

Final preparations were being made Tuesday afternoon to put a small team of salvage experts on board the grounded semi-submersible Transocean Winner off

By Bloomberg News (Bloomberg) — A Chinese shipbuilder failed to make a bond payment due Monday, becoming the second such company to default in the

Authorities in Singapore have cleaned up the Singapore Strait following a collision between an Iranian supertanker and a giant MSC containership last week,

By Kyunghee Park and Chanyaporn Chanjaroen (Bloomberg) — With a market value of S$50 million ($37 million), Swiber Holdings Ltd. hardly seemed the kind

By Agnel Philip (Bloomberg) — Ports in Japan, China and the U.S. face the greatest financial risk from natural disasters because of their vulnerable

PANAMA CITY (Reuters) – A dispute resolution board dismissed a $100 million complaint for cost overruns by the consortium that built the third set of

By Mike Wackett (The Loadstar) – Maersk Line is upgrading its eight E-class 15,550 teu vessels to load a further 1,300 teu. Raising the accommodation

The National Transportation Safety Board’s delayed third mission to the wreckage of the El Faro was scheduled to launch Friday with investigators hoping

ATHENS, Aug 5 (Reuters) – China COSCO Shipping, which owns the world’s fourth largest container fleet in terms of capacity, is expected to wrap up

An Iranian Very Large Crude Carrier and a large containership collided in the busy Singapore Strait late Wednesday night, causing damage to both ships but

By Serene Cheong (Bloomberg) — Oil traders once again believe it’s worth heading out to sea. The market structure for Brent crude, the benchmark for

LONDON, Aug 4 (Reuters) – British satellite operator Inmarsat reported a rise in revenue in the second quarter, more than reversing a dip in the first

By Jonathan Saul and Anshuman Daga LONDON/SINGAPORE, Aug 4 (Reuters) – Singapore Exchange Ltd (SGX) plans to buy one of London’s oldest

By David Wethe (Bloomberg) — Transocean Ltd.’s profit dwindled in the second quarter as the world’s largest offshore driller struggles to win

By Mike Wackett (The Loadstar) — As ocean carriers reel from a disastrous first half this year, they seem to have lost lost their appetite for ordering

By Sabrina Valle (Bloomberg) — Keppel Corp.’s Brazil problems just keep growing. The world’s largest builder of offshore oil rigs has seen

By Nicholas Brautlecht (Bloomberg) — The call of the Caribbean is proving irresistible for Germany’s KfW IPEX, the development bank that funds the