Shipping News

By Ben Blanchard BEIJING, March 8 (Reuters) – The South China Sea is one of the world’s freest and safest shipping lanes, Chinese Foreign Minister

By Jack Kim and Ju-min Park SEOUL, March 8 (Reuters) – South Korea said on Tuesday it would impose new sanctions against 40 individuals and 30 entities

Offshore drilling contractor Transocean says it has reached a deal with Singaporean rigbuilder Keppel to delay the delivery and payments of five

By James Paton (Bloomberg) — Chevron Corp.’s Gorgon natural gas project off Australia’s northwest coast boasts the world’s biggest carbon dioxide

PARIS, March 7 (Reuters) – French-based CMA CGM, the world’s third-largest container shipping firm, said on Monday it expects its volume growth to

Norwegian oil major Statoil has decided to terminate its contract for the charter of the semi-submersible rig COSL Innovator, as well as suspend drilling

NAIROBI, March 7 (Reuters) – An Australian Navy ship has seized a huge cache of weapons near Oman’s coast from a fishing vessel bound for Somalia,

By Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore driller struggling with the industry’s biggest debt load, surged by a record for a second

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipbuilder, posted a record loss last year

By Jussi Rosendahl and Tuomas Forsell HELSINKI, March 7 (Reuters) – Finnish engineering company Wartsila said workers at one of its businesses in Italy

By Javier Blas (Bloomberg) — The Monte Toledo oil tanker covered the uneventful voyage from Iran to Europe with a haul of 1 million barrels of crude in

MANILA (Reuters) – The Philippines said on Saturday it had seized a North Korean freighter that was covered by harsher United Nations’ sanctions

The number of vessels arriving at the Port of Rotterdam has increased for the first time since 2007. According to the Port of Rotterdam Authority, 29,122

Incat Crowther said it received a contract to design a 20m catamaran passenger ferry, taking tourists in search of monster Nessie in the waters of Loch Ness in

French container shipping company CMA CGM has confirmed that starting in the end of May it will deploy six 18,000 TEU ‘megaships’ between Asia and

By Ruby Lian and Megha Rajagopalan SHANGHAI/BEIJING, March 4 (Reuters) – Chinese maritime authorities must “blacklist” 31 boats operated by a

By Keith Wallis SINGAPORE, March 3 (Reuters) – Freight rates for capesize bulk carriers on key Asian routes are likely to remain flat as the number of

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co., South Korea’s second-biggest shipping company, plans to write down its capital by 86

By Alex Longley (Bloomberg) — For an industry that is losing money on almost every transaction, the world’s commodity shippers are remarkably busy

By Kristina Fiore With her shrimp-colored outriggers and a home port of Seaford, Va., it wasn’t hard to wonder what a boat like Carolina Queen III was doing