Shipping News

By Tony Capaccio (Bloomberg) — A U.S. Navy Littoral Combat Ship is sidelined in port in Singapore because of damage to gears that propel the vessel,

By Mike Wackett (The Loadstar) – Analysts agree there is no recovery in sight for the beleaguered containership charter market, which is facing its

Update: A fifth towing vessel has hit the same Vicksburg Railroad Bridge prompting officials to close the river to towing vessels pushing barges under bridges,

Italian oil company Eni has terminated its contract for the ultra deepwater drillship Ocean Rig Olympia due to collapsing oil prices.  The early

ATHENS, Jan 21 (Reuters) – Greece’s top shipping lobby on Thursday rejected a European Commission call for the government to reform its shipping

A three-mile section of the Mississippi River was closed Wednesday after 22 barges broke free, some of them hitting other vessels before they were

KOTUG International tugs towing the oil tanker New Voyage in reduced visibility into the Port of Rotterdam. Photos from KOTUG crew members Dennis

By Eric Roston (Bloomberg) — As chairman of investments at Guggenheim Partners, Scott Minerd thought he had a realistic view on how big an economic

By Dmitry Zhdannikov DAVOS, Switzerland, Jan 21 (Reuters) – European companies and trading houses are not rushing to buy Iranian oil because of legal

By Jeb Blount and Marta Nogueira RIO DE JANEIRO, Jan 21 (Reuters) – Brazil’s Vale SA said on Thursday a court ordered the temporary suspension of

AMSTERDAM, Jan 21 (Reuters) – The Dutch Finance Ministry said on Thursday it was “disappointed” with an EU Commission order to do away with

On December 5, 2012, the car carrier Baltic Ace sank in the North Sea with more than 1,400 cars on board after a colliding with a containership near the

The luxury cruise ship Le Boreal was loaded onto the deck of the COSCO Heavy Transport ship HLV Kang Sheng Kou in Punta Arenas, Chile this week about two

By Alexandra Alper and Dave Graham MEXICO CITY, Jan 20 (Reuters) – Port operator APM Terminals, part of Denmark’s A.P. Moller-Maersk, has dropped

Primorsk International Shipping, which operates ice-class tankers, has filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court in New York.

By Jonathan Saul LONDON, Jan 20 (Reuters) – United Arab Shipping Company is resuming business with Iran following the lifting of Western sanctions,

By David Alexander WASHINGTON, Jan 16 (Reuters) – The U.S. Navy will formally deploy its so-called “Great Green Fleet” on Wednesday, sending

Wärtsilä was selected to design the world’s biggest and modern krill fishing factory vessel for China-based Jiangsu Sunline Deep Sea Fisheries. The

By Christian Wienberg and Jonathan Ferro (Bloomberg) — Container volumes have picked up this year after the market suffered from sluggish growth and

By Yu-Huay Sun (Bloomberg) — Chang Yung-fa, the billionaire founder of Evergreen Group who turned a second-hand bulk carrier into Asia’s biggest