Shipping News

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

Aker Philadelphia Shipyard ASA (AKPS) is gaining additional product tanker newbuild orders following the start up of Philly Tankers AS, a new Jones Act tanker

Mitsubishi Heavy Industries has delivered a "super eco" cargo-passenger ship that MHI boasts as having outstanding energy savings, environmental load

The United Nations envoy for Somalia has welcomed the release the eleven remaining of crewmembers of a ship hijacked by Somali pirates nearly four years ago,

A drunk captain is likely to blame for a ship grounding off the southwestern coast of Sweden.

Westport Shipyard, the largest yacht builder in North America, announced in an emailed statement they have been acquired by Westport, LLC, an ownership group

Turkish shipbuilder BOGAZICI A.S. recently delivered Amapola 1, the first Robert Allan Ltd. designed RAstar 3000 tug, to International Offshore Engineering and

By Kyunghee Park and Chris Cooper June 9 (Bloomberg) — Hyundai Group, the South Korean conglomerate planning to raise 3.3 trillion won ($3.2 billion)