Shipping News

BHP Billiton Ltd. may announce a spinoff of assets estimated to be worth as much as $12 billion next week, as the world’s biggest mining company casts aside

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 10.7 percent to $1,198 per 20-foot container (TEU) this

A century after the U.S. steamship Ancon first sailed through the Panama Canal, a $5.3 billion expansion delayed by bickering contractors and angry workers is

Tsakos Energy Navigation Limited (TEN) announced today the signing of a newbuild plus five-year charter agreement with an undisclosed European oil major for

A tugboat Captain was killed Wednesday night in New Orleans after the crane from the crane barge it was pushing struck a bridge, causing it to crash into the

A passenger ferry became disabled Wednesday off Massachusetts reportedly after being hit by a rogue

Commodities fell to a six-month low, erasing almost all of this year’s gains, as oil and grains declined on signs of ample supplies and slower economic

Japanese engineers have introduced new technology to the shipbuilding industry in the form of “highly ductile steel plate” on board a newly

The Chief of the Royal Austrialian Navy, Vice Admiral Tim Barrett, was at a Brisbane dockyard on Wednesday to inspect damage to a the Armidale Class Patrol

Gulf of Mexico-focused deepwater exploration and production company Venari Resources says it has raised an additional $1.3 billion in equity commitments

Scorpio Group has probably lined up a bareboat rate of about $50,000 daily for the long-term charter of about 15 years’ duration of three, 19,200 TEU box

Asian buyers of ultra light oil from the United States are struggling to find small-sized ships willing to undertake the month-long voyage at affordable rates

After losing power and steering on the Mississippi River late Tuesday evening, the Maltese-flagged bulk carrier Flag Gangos allided with the 105,000 ton

COSCO announced a heap of new orders today including two new 64,000 ton dwt bulk carriers and four subsea supply vessels at their Zhoushan and Dalian yards,

The trading arm of Angola's liquefied natural gas (LNG) export project is making deep cuts to the headcount at its London

Last weekend, Shanghai Shipyard delivered the new 28,000 DWT heavy lift vessel MV DA DE to COSCO Shipping, adding to their five other vessels of similar type.

A planned attempt to the lift the sunken Baltic Ace car carrier from the seafloor near the port of Rotterdam has been abandoned because damage to the ship is

Unionized port workers and a group of Pacific Northwest grain companies reached a tentative contract agreement, according to an announcement on

Aker Solutions ASA, the offshore engineering company controlled by billionaire Kjell Inge Roekke, could miss opportunities to expand into Russia’s Arctic

Two of China's largest shipping firms are setting up a $1.1 billion crude oil tanker joint venture with a view to build up the country's fleet, as the world's