Shipping News

May 27 (Reuters) – Brazilian police said this week they were investigating local units of three international steelmakers in a massive corruption

By Benjamin Katz (Bloomberg) — The joint venture that is building two aircraft carriers for the U.K.’s Royal Navy is fighting to meet a 6.2 billion

By Bate Felix PARIS, May 27 (Reuters) – French CGT union members at the CIM, an oil storage and supply services company which handles about 40 percent of

By Mike Wackett (The Loadstar) – Maersk Line’s aggressive growth strategy in the first three months of this year was a contributing factor in the 23%

By Valerie Volcovici and Emily Stephenson BISMARCK, N.D., May 26 (Reuters) – Donald Trump, the presumptive Republican presidential nominee, promised on

A good samaritan fishing vessel rescued four survivors from the Atlantic Ocean following a collision involving two U.S. Navy fighter jets 25 miles east of

CAIRO, May 26 (Reuters) – Egypt’s air accidents chief said on Thursday that a vessel provided by French company ALSEAMAR, which specializes in

By Firat Kayakiran (Bloomberg) — Tanker owners hauling the world’s crude were among the few big winners from an oil-price crash that started in

By David Fickling and Andy Mukherjee (Bloomberg) — What does Singapore’s bourse hope to get out of its takeover of the Baltic Exchange? On the face

Royal Caribbean International on Wednesday announced plans for a fifth Oasis-class cruise ship as well as two luxury liners for its Celebrity Cruises

By Alex Nussbaum and Naureen S. Malik (Bloomberg) — A century after transforming global markets, the Panama Canal is about to redraw world trade once

By Jonathan Saul LONDON, May 25 (Reuters) – Shipping companies transporting coal, and iron ore and other commodities are urgently seeking ways to

By Tom Finn DOHA, May 25 (Reuters) – Six international oil firms including BP and Royal Dutch Shell Plc have bid to operate Qatar’s largest

A wooden fishing boat overcrowded with more than 500 refugees capsized off the coast of Libya on Wednesday, killing at least five people. A series of

By Alaric Nightingale (Bloomberg) — The Baltic Exchange Ltd., a London-based publisher of shipping rates that shape the cost of hauling everything from

A crewman on board the U.S. Coast Guard Cutter Eagle reportedly fell overboard during a visit to Ireland Tuesday morning.  The Royal National

By Alex Lennane (The Loadstar) – The IMO has urged regulators to take a “pragmatic” approach to the new SOLAS VGM requirements for the first three

SEOUL, May 24 (Reuters) – Creditors of struggling South Korean shipper Hyundai Merchant Marine Co Ltd have agreed to a 680 billion won ($570.27 million)

By Mikael Holter (Bloomberg) — The oil market is rebalancing, but don’t count on ever seeing prices at $100 a barrel again: that’s the clear message

By Andy Hoffman (Bloomberg) — Global container shipping lines face one or two more years of pain as the industry consolidates amid overcapacity and