Shipping News

By Mike Wackett (The Loadstar) – Ocean carriers are scrambling to cut costs as the demand for liner services continues to plummet, and the off-hiring of

By Parisa Hafezi DUBAI, May 11 (Reuters) – One Iranian warship accidentally struck another with a missile during an exercise, killing 19 sailors and

TALLINN, May 8 (Reuters) – Estonia will give the Baltic Sea shipping firm Tallink, which has been badly hit by lockdowns, a 3-year loan of 100 million

Crane manufacturer Liebherr-MCCtec Rostock has addressed the crane collapse on board newbuild offshore installation vessel at a Liebherr yard in Rostock,

By Salvatore R. Mercogliano, Ph.D. – In his autobiography, The Second World War, Winston Churchill said of the Battle of the Atlantic, “The only thing

By Helen Coster and Joshua Franklin NEW YORK, May 7 (Reuters) – Norwegian Cruise Line Holdings Ltd’s $3.5 billion in cash on hand will be enough to

By Phil Stewart and Idrees Ali WASHINGTON, May 7 (Reuters) – The handling of a coronavirus outbreak aboard the Theodore Roosevelt aircraft carrier was

By Tony Capaccio (Bloomberg) — The Navy truncated orders for its ill-fated Littoral Combat Ship because the small vessels were vulnerable to attack and

By Brian Wingfield, Jack Wittels and Firat Kayakiran (Bloomberg) — When the supertanker New Vigorous arrived at the port of Antifer in northern France

May 6 (Reuters) – Carnival Corp’s Princess Cruises said on Wednesday its voyages would remain suspended through the end of summer as reduced

By Jonathan Saul and Charles Regnier LONDON, May 7 (Reuters) – Leading tanker operator Euronav posted record high first-quarter results on Thursday and

By Lisa Baertlein LOS ANGELES, May 6 (Reuters) – Cargo volume at the Port of Los Angeles is down 15.5% so far this year as the novel coronavirus upends

Florida-based Eastern Shipbuilding Group has laid the keel for the U.S. Coast Guard’s first-of-class Offshore Patrol Cutter.  A virtual keel laying

Louisiana-based aluminum boat builder Metal Shark has delivered its first steel-hulled inland towboat from the company’s shipyard in Bayou La Batre,

By Olivia Raimonde (Bloomberg) — Oil snapped a five-day rally as a persistent supply glut outweighed signs of recovering U.S. fuel demand. Futures in

By Gavin van Marle (The Loadstar) The Suez Canal Authority (SCA) is set to lose over $10m in revenue from container lines routing vessels via the Cape of

(Bloomberg) — In Brazil, the world’s top sugar producer, the queue for ships to export the commodity is lengthening in a bullish sign that the biggest

May 6 (Reuters) – Norwegian Cruise Line Holdings Ltd has raised over $2.2 billion through debt and equity offerings, giving the cash-strapped cruise

By Marianna Parraga – May 4 (Reuters) – Venezuela’s oil exports ticked higher in April after falling in March to their lowest average in

Estonia-based ferry operator Tallink reported a nearly 96% year-over-year decrease in passenger travel and vehicles last month amid the on-going coronavirus