Shipping News

South Korea has hiked to nearly half a million dollars its reward for information leading to the capture of Yoo Byung-un, the head of the family that owns the

PRESS RELEASE – Thome Ship Management has strengthened its senior management tier by appointing Mr Steen Nygaard Madsen as Chief Operating Officer (COO)

OSLO, May 27 (Reuters) – OSLO, May 27 (Reuters) – Oil tanker firm Frontline reported deepening losses Tuesday and said it may struggle to repay its

By Geert De Clercq PARIS, May 26 (Reuters) – U.S.-Mexico ferry operator Baja Ferries is in talks with French transport firm Transdev about buying its 66

SAL Heavy Lift announced today the signing of a major new contract with Australian marine jetty specialist BAM Clough for the shipping and deployment of LNG

A helicopter crew dispatched from a U.S. Navy warship located the overturned hull of the missing Cheeki Rafiki sailing vessel approximately 1,000 miles

A weak dry bulk spot market has provided John Fredriksen’s dry bulk shipping firm, Golden Ocean Group (GOGL) with a small, yet diminishing profit so far

PRESS RELEASE – Ship Finance International Limited (NYSE: SFL) today announced the agreement to acquire two 82,000 dwt Kamsarmax dry-bulk carriers built

By Kathleen Hunter May 22 (Bloomberg) — The U.S. Senate cleared for President Barack Obama’s signature a $12.3 billion water-projects bill that

The main driver of this year’s outlook is the anticipated development of El Niño this summer, according to

Oregon Iron Works (OIW) and Vigor Industrial (Vigor) have announced that the companies are merging in order to compete for larger and more complex projects and

By Thomas Allegretti, Chairman, American Maritime

As bigger and bigger containerships are now calling on U.S. ports, the U.S. Coast Guard, along with the San Francisco Bar Pilots, local tug workgroup members

BY THE PRESIDENT OF THE UNITED STATES OF AMERICA A PROCLAMATION America’s open seas have long been a source of prosperity and strength, and since before

The union representing tugboat workers at Australia’s Port Hedland, the world’s biggest bulk export terminal, will suspend taking strike action for the

By Oleg Vukmanovic MILAN, May 22 (Reuters) – Angola’s new liquefied natural gas (LNG) export project aims to charter out its entire tanker fleet

By Mark Shenk May 21 (Bloomberg) — U.S. crude imports dropped to a 17- year low last week as the shale boom bolstered output, moving the nation closer to

By James Regan SYDNEY, May 21 (Reuters) – BHP Billiton said on Wednesday it may seek government intervention to avert industrial action by tugboat

By Christian Wienberg May 21 (Bloomberg) — A.P. Moller-Maersk A/S’s container- shipping line, the world’s largest, said first-quarter profit more

Global miners and commodity traders are using multiple strategies to lock in favourable rates for shipping costs, anticipating a freight market recovery after