Shipping News

By Juan Pablo Spinetto April 30 (Bloomberg) — Vale SA, the largest iron-ore producer, posted a steeper decline in first-quarter profit than analysts

A deep-ocean exploration company is seeking to recover a lucrative haul of gold aboard the shipwreck of the SS Central America, nearly 160 years after it sank

The biggest ice cover on the Great Lakes in decades is backing up shipments of everything from Canadian grain to U.S. iron and steel in one of North America's

By Swati Pandey SYDNEY, April 30 (Reuters) – Hastings Funds Management and China Merchants Group have won a state government auction for a 98-year lease

On 18 February 2014, two American security contractors working for Virginia-based Trident Group were found dead in their cabin on board the containership

China Shipping Container Lines (CSCL) released their 2013 annual report today, and with it, revealed a year that showed major financial losses to the company

South Korean President Park Geun Hye apologized over a ferry sinking that left more than three hundred people dead or missing, the nation’s worst maritime

New video just released by the South Korean Coast Guard shows the captain of the Sewol abandoning the heavily listing ship into a coast guard lifeboat as

Just as every gas pump in the United States has a stamp on it saying it’s been certified by a weights and measures regulatory body, shipowners are asking

April 28 (Bloomberg) — Iron ore futures in China, the biggest buyer of the steel-making commodity, fell the most in more than a month after a report that

By Colin McClelland and Manuel Soque April 25 (Bloomberg) — Angola’s main port installed new cranes and provided more training to reduce its cargo

A former executive of Parker ITR Srl pleaded guilty on Thursday to conspiring to rig bids for marine hose and was sentenced to two years in prison, the U.S.

DUBAI, April 24 (Reuters) – Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as

For a sign of success for Prime Minister Shinzo Abe’s economic stimulus policies look no further than Japan’s once-stricken shipbuilding

By Michael Hirtzer April 24 (Reuters) – U.S. exporters last week shipped the most corn in at least 24 years, government data showed on Thursday, despite

Knightsbridge Tankers and Frontline 2012 announced today the two companies had reached an agreement to combine Frontline 2012’s remaining fleet 25

Following up on an announcement last August, China COSCO has been busy this year selling their ships for scrap as part of their company’s restructuring

Scafi, the Italian shipping group has ordered their 15th Damen tug today as part of their continual fleet renewal program. Damen notes that although this is

By Jeremy Wagstaff SINGAPORE, April 24 (Reuters) – The next hacker playground: the open seas – and the oil tankers and container vessels that ship

By Chris Cooper and Kiyotaka Matsuda April 24 (Bloomberg) — A Chinese court released a Japanese ship owned by Mitsui O.S.K. Lines Ltd. after the cargo