Shipping News

By Joyce Koh Pooja Thakur Mahrotri (Bloomberg) France’s CMA CGM SA is in exclusive talks to buy Singapore’s Neptune Orient Lines Ltd., as global shipping

By Jonathan Saul LONDON, Nov 20 (Reuters) – A slump in dry bulk shipping is set to worsen as the meltdown in global commodities and too many ships free

New video released Friday by Russia’s Defence Ministry shows Russian navy ships launching cruise missiles at targets in Syria, in the Caspian sea,

Half vital cargo ship, half relaxing cruise. The new Aranui 5 is at the pinnacle of today’s freighter cruise market. Beginning next month, the Tahitian

PARIS, Nov 20 (Reuters) – France’s CMA CGM, the world’s third-largest container shipping firm, said freight rates should recover next year

Deep Sea Supply, the Norwegian PSV and AHTS owner controlled by billionaire John Fredriksen, says it now has 10 vessels in lay-up and more are expected with

COPENHAGEN, Nov 20 (Reuters) – Shipping freight rates for transporting containers from ports in Asia to Northern Europe plunged by 27.9 percent to $295

Three companies and three individuals have been hit with criminal charges related to a November 2012 explosion on an oil production platform in the Gulf of

New data presented by researchers at Lund University and others in the journal Oceanologia shows that the air along the coasts is full of hazardous

PANAMA CITY, Nov 19 (Reuters) – The wait time to pass through the Panama Canal has shortened to four days, down from more than 10 days last month, the

By Jonathan Saul and Libby George LONDON, Nov 19 (Reuters) – Record high freight rates are creating more headaches for traders looking to house millions

The sole watchkeeper of the UK-flagged Lysblink Seaways was drunk when the ship ran aground earlier this year in Scotland, the UK Marine Accident Investigation

The UK Ministry of Defence has provided new details on the rescue of hundreds of passengers and crew who were forced to abandon a luxury cruise ship in the

By Manisha Jha and Naomi Christie (Bloomberg) — The cost of shipping commodities fell to a record, amid signs that Chinese demand growth for iron ore and

ATHENS, Nov 19 (Reuters) – Greece has pushed back the date for the submission of binding bids for the sale of its biggest port Piraeus (OLP) by two weeks

By Bloomberg News (Bloomberg) — U.S. liquefied natural gas producers face an unlikely challenge as they prepare to enter global markets: China has more

Australia has fined a Japanese whaling company $1 million for continuing its illegal whale hunts in the Australian whale sanctuary in the Southern

South Korean shipbuilder STX Offshore & Shipbuilding is taking drastic measures to ensure its survival beyond mid-2016 as newbuild orders plunge and

By Angelina Rascouet (Bloomberg) — The cost of dismantling oil production facilities in the U.K. North Sea over the next decade will be higher than

By Joseph Akwiri MOMBASA, Nov 18 (Reuters) – East Africa’s biggest port of Mombasa will spend 100 million shillings ($980,392.16) to build a new