Shipping News

By Serajul Quadir DHAKA, May 16 (Reuters) – A Bangladeshi official said on Friday there was no chance of finding further survivors of a ferry that sank

Financially distressed dry bulk shipper Eagle Bulk has gained another two weeks to come to an agreement with their lenders to agree on a restructuring

Christian Waldegrave, Teekay’s Manager of Research, provides an update of the conventional tanker market since the start of 2014 as well as an outlook

By James Paton May 14 (Bloomberg) — Oil Search Ltd., Exxon Mobil Corp.’s partner in a $19 billion liquefied natural gas export project in Papua New

COPENHAGEN, May 14 (Reuters) – Debt-stricken Danish shipping company Torm said it would not be able to comply with its financial covenants on minimum

Officials in Italy have announced the planned dates for the removal of the Costa Concordia shipwreck from Giglio, more than two years after the ship ran

Norwegian engineering firm Enviro Nor AS, in collaboration with DNV GL and Innovasjon Norge, have recently unveiled concepts that utilize oil tankers  in a

By Zachary Fagenson MIAMI, May 13 (Reuters) – A shipwreck found off the north coast of Haiti could be the 500-year-old remains of the Santa Maria, which

By Nicholas Brautlecht May 13 (Bloomberg) — Hapag-Lloyd AG, Germany’s biggest container line, said its first-quarter loss widened as the takeover of

Intermarine, the Houston-based project cargo carrier, has announced a plan to add 15 new ships as part of a fleet renewal program over the next three years.

The Finnish Transport Agency’s new 19MW icebreaker ordered from Arctech Helsinki Shipyard this past February will be outfitted with three of ABB’s

By K. Denise Rucker Krepp The Maritime Administration hosted a symposium recently in preparation for drafting a new national maritime strategy.  Like the

By Phoebe Sedgman and Jasmine Ng May 12 (Bloomberg) — Tugboat workers at Australia’s Port Hedland approved work stoppages amid a dispute over wages and

The Philippines has jailed 11 Chinese fishermen caught with endangered sea turtles off a disputed shoal in the South China Sea, officials said on Saturday,

NOAA research vessel Okeanos Explorer captured this gem during a dive in the U.S. Gulf of Mexico, April 26,

Baltic Shipyard (Baltiysky Zavod), a member of Russia’s United Shipbuilding Corporation, has won an open tender to construct two additional Project 22220

By Golnar Motevalli and Anthony DiPaola May 8 (Bloomberg) — Iran will export crude oil at the maximum level possible, regardless of restrictions imposed

May 8 (Bloomberg) — There’s so much cheap iron ore flooding into China that rates for the ships that carry it are forecast to jump almost 70 percent by

May 6 (Bloomberg) — Standard Chartered Plc, the British bank that earns most of its profit from Asia, expects to increase its $5.5 billion of loans to

By Anthony Russell As Russian forces took Crimea in late February, commentators repeatedly emphasized the Ukrainian peninsula’s strategic importance as a