Shipping News

CONAKRY, June 14 (Reuters) – Guinea’s national assembly ratified an investment framework on Saturday to enable the government to raise nearly $20

The U.K.’s Marine Accident Investigation Branch has released its accident report into its investigation of the July 2013 allision of the oil tanker Apollo

Dutch shipbuilder Damen Shipyards has turned over a new leaf in its shipbuilding portfolio with the delivery of a hybrid version of its popular Damen ASD Tug

Italian state-owned shipmaker Fincantieri aims to make its debut on the Milan bourse in July with a stock market value of up to 1.84 billion euros ($2.5

Jumbo Shipping confirmed today the cancellation of the contract for the Jumbo Kinetic, a K-class heavy lift vessel that was under construction at Brodosplit

Genco Shipping & Trading on Thursday defended its proposed plan to exit bankruptcy on the first day of a trial over accusations by shareholders that it is

South Korea's biggest and most bizarre manhunt, linked to a ferry disaster in which hundreds drowned, has come full circle at the compound of a sect known for

The U.S. Coast Guard on Thursday released its report of investigation of the October 2012 fatal sinking of the tall ship Bounty during Hurricane Sandy off the

Egypt is pressing ahead with plans to develop a new wheat storage facility and expand port operations at two terminals in the Suez area as the country looks to

The U.S. Navy says it is seeking 37 million gallons of drop-in biofuels in what the Department of the Navy describes as a major step in its efforts to reduce

The extent of the decline in containership time charter hire rates in the past 10 years has been highlighted again with the sub-let of a trio of surplus

Heung-A Shipping announced today the order of a pair of 3,500 dwt chemical tankers for a total consideration of KRW 28,462,000,000 (approx. USD $28 million).

Crude oil production is up 64 percent since 2008 and currently stands at 8.2 million barrels per day, noted Daniel Yergin, Vice Chairman of IHS at a CSIS

The Panama Canal's new set of locks will be operational by the January 2016 deadline, the canal's chief said on Tuesday, after fears that a recent labor strike

By Ole Mikkelsen COPENHAGEN, June 11 (Reuters) – Denmark’s Thorco Shipping expects to expand its fleet by 50 percent in coming years and plans to

A group of civilian mariners got the surprise of their lives this Sunday when a giant Russian nuclear submarine came to the rescue after they had sent out a

President Barack Obama signed into law a $12.3 billion water-projects plan that will pay for deepening ports for bigger ships, cutting costs for

The second shipment of four rolling gates for the new locks of the expanded Panama Canal has arrived in Colon,

The world’s first LNG-powered icebreaker will be powered by Wärtsilä dual-fuel engines, the Finnish engine manufacturer announced

Fifteen crew of a South Korean ferry that sank in April killing more than 300 people, most of them children, went on trial on Tuesday on charges ranging from