Shipping News

By Kyunghee Park (Bloomberg) — China’s Cosco Pacific Ltd. will pay 125.4 million euros ($143 million) for shares and loans in a container-terminal

By Jonathan Saul LONDON, May 11 (Reuters) – Talks between the Baltic Exchange and a number of suitors are continuing, but any potential buyer of the

This incident apparently occurred recently in the Gulf of Izmit. Luckily it appears whoever may have been aboard the small boat did not hurt, but they easily

French container shipping company has pulled the 18,000 TEU CMA CGM Benjamin Franklin from the trans-pacific market, officially ending – or at least

By Roslan Khasawneh May 11 (Reuters) – The UK Supreme Court ruled in favour of bankrupt marine fuel supplier OW Bunker Malta in a dispute over payment

By Tony Capaccio (Bloomberg) — Lockheed Martin Corp. is under orders from the U.S. Navy to correct quality control failures in building its version of

Aida Cruises’ new flagship AIDAprima was christened in Germany over the weekend in a grand ceremony taking place during the Port of Hamburg’s 827th

Rolls-Royce has won the tender to design and equip the UK’s new $300 million polar research vessel RRS Boaty McBoatface RRS Sir David Attenborough, said

Maersk Line is working with Chinese authorities on a plan to tow the fire-scorched Safmarine Meru to port following Sunday morning’s collision off

By Kyunghee Park and Heejin Kim (Bloomberg) — Hyundai Merchant Marine Co. fell the most in three weeks in Seoul trading on uncertainty over whether South

By Michael Martina, Greg Torode and Ben Blanchard BEIJING/HONG KONG, May 10 (Reuters) – China scrambled fighter jets on Tuesday as a U.S. navy ship

By Mike Wackett (The Loadstar) – Despite Maersk Line’s better-than-expected $37m first-quarter net profit, Drewry today reiterated its view that ocean

SEOUL, May 9 (Reuters) – South Korea’s Hyundai Heavy Industries Co Ltd, the world’s biggest shipbuilder by revenue, will slash more jobs and

COPENHAGEN, May 9 (Reuters) – Denmark’s Maersk Oil will cut 40 jobs in Copenhagen, Aberdeen and Stavanger due to the low oil price, it said on

By Jonathan Saul and Nina Chestney LONDON (Reuters) – Disagreement among nations means no carbon emissions targets have been set for international

SHANGHAI, May 7 (Reuters) – Seventeen people were missing after a Chinese fishing boat collided with a Maltese cargo ship and sank in the East China Sea

The U.S. Navy’s USNS Spearhead (T-EFTP 1), crewed by civilian mariners from Military Sealift Command, returns to the Joint Expeditionary Base Little

An abandoned oil tanker has mysteriously washed ashore in Liberia leaving officials scratching their heads as to how it got there and what exactly happened to

LONDON, May 6 (Reuters) – A new 200 million pound ($290 million) polar research ship is to be named after veteran BBC naturalist David Attenborough but

BOSTON, May 5 (Reuters) – The U.S. National Transportation Safety Board hopes to recover the voyage data recorder from the cargo ship El Faro, which sank