Shipping News

Explore the latest developments in the shipping industry, including market trends, fleet management, and the impact of global trade on maritime logistics.


Wednesday, April 29, 2020
Class Action Suits Face Uphill Battle Against Cruise Lines
Cruise Ships

Class Action Suits Face Uphill Battle Against Cruise Lines

By K. Oanh Ha (Bloomberg) — After two passengers on their luxury cruise tested positive for Covid-19 in March, Emilio and Barbara Hernandez were so

April 29, 2020
Total Views: 92

USS Kidd Arrives in San Diego After COVID-19 Outbreak
Defense

USS Kidd Arrives in San Diego After COVID-19 Outbreak

The guided-missile destroyer USS Kidd (DDG 100) arrived in San Diego on Tuesday to treat sailors after a COVID-19 outbreak on board.  The USS Kidd was at sea

April 29, 2020
Total Views: 85

A support vessel is seen next to a wind turbine at the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain
News

Renewable Energy Helps Utilities Survive Virus Slump

By Jeremy Hodges and Anna Shiryaevskaya (Bloomberg) — European utilities with bulging renewable energy portfolios are showing that the way out of the

April 29, 2020
Total Views: 65

vlcc tanker u-turn
News

Saudi Crude Buyers Cancel at Least 7 Supertankers After Freight Hike – Sources

LONDON, April 29 (Reuters) – U.S. buyers of Saudi Arabian crude oil cancelled at least seven April-loading tankers after a jump in freight costs, two

April 29, 2020
Total Views: 93

Tuesday, April 28, 2020
The Coast Guard oversees the removal of Stretch Duck 7 from Table Rock Lake in Branson, Missouri, July 23, 2018. U.S. Coast Guard Photo
Accidents

NTSB Says Failure to Heed Weather Warning Led to Fatal Sinking of Duck Boat

The operator of a Branson, Missouri duck boat failed to heed a severe thunderstorm warning before the fatal sinking of the Stretch Duck 7 during severe weather

April 28, 2020
Total Views: 497

oil storage tankers
News

Oil Slides After ETFs Move Into Later-Dated Contracts

By Mike Jeffers (Bloomberg) — Oil fell after the biggest oil ETF said it would sell out of its June WTI futures position as physical oil storage levels

April 28, 2020
Total Views: 44

China Moves to Harness Tidal Power
News

China Moves to Harness Tidal Power

By William Mathis (Bloomberg) — A tidal-stream turbine with a diameter bigger than the length of a tractor trailer was installed in China for a project

April 28, 2020
Total Views: 203

shanghai free trade zone
News

Struggling Ocean Carriers Face China’s ‘May Day’ Shutdowns Next

By Mike Wackett (The Loadstar) – The five-day May Day holiday shutdown in China is adding to capacity adjustment problems for ocean carriers.

April 28, 2020
Total Views: 52

north sea oil rig
News

U.K. Oil and Gas Industry May Lose 30,000 Jobs Amid Coronavirus Slump

By Helen Robertson (Bloomberg) — The U.K.’s oil and gas industry could lose as many as 30,000 jobs over the next 12–18 months and see drilling

April 28, 2020
Total Views: 56

Meyer Turku Announces 450 Permanent Layoffs
Cruise Ships

Meyer Turku Announces 450 Permanent Layoffs

HELSINKI, April 28 (Reuters) – German shipyard Meyer Werft’s Finnish subsidiary on Tuesday started statutory talks to lay off up to 450 of its

April 28, 2020
Total Views: 87

Monday, April 27, 2020
oil tanker at sea
News

Oil Traders Now Hiring Jones Act Tankers for Storage and Shipping Abroad

By Jonathan Saul and Devika Krishna Kumar LONDON/NEW YORK April 27 (Reuters) – Oil traders are hiring expensive U.S. vessels, normally only used for

April 27, 2020
Total Views: 238

ships at anchor
News

Singapore Reports ‘High Degree’ of Compliance with IMO 2020

The Port Authority of Singapore has reported a ‘high degree’ of compliance with new a international law limiting the sulphur content of fuel used by

April 27, 2020
Total Views: 248

Navy Accepts Delivery of USS Zumwalt
Defense

Navy Accepts Delivery of USS Zumwalt

The U.S. Navy has accepted delivery of the USS Zumwalt, the lead ship in the Navy’s next-generation multi-mission destroyer.  Zumwalt (DDG 1000)

April 27, 2020
Total Views: 223

Nearly 150 Total Coronavirus Cases Confirmed on Cruise Ship in Japan
Cruise Ships

Nearly 150 Total Coronavirus Cases Confirmed on Cruise Ship in Japan

TOKYO, April 25 (Reuters) – Nearly 150 cases of coronavirus infection have been confirmed among crew members of an Italian cruise ship docked in Japan

April 27, 2020
Total Views: 46

Norwegian Cruise Line Withdraws Forecast
News

Norwegian Cruise Line Withdraws Forecast

April 27 (Reuters) – Norwegian Cruise Line Holdings Ltd on Monday warned of a quarterly loss and withdrew its 2020 forecast, as the cruise operator

April 27, 2020
Total Views: 93

Friday, April 24, 2020
Oil Buoyed by Production Cuts to End Historic Week
Shipping News

Oil Buoyed by Production Cuts to End Historic Week

By Olivia Raimonde (Bloomberg) — Oil edged lower for the week after paring losses following the dramatic collapse on Monday that saw prices in New York

April 24, 2020
Total Views: 66

U.S. Navy Recommends Reinstating Fired USS Theodore Roosevelt Captain
Defense

U.S. Navy Recommends Reinstating Fired USS Theodore Roosevelt Captain

By Phil Stewart and Idrees Ali WASHINGTON, April 24 (Reuters) – In an extraordinary reversal, the U.S. Navy has recommended reinstating the fired

April 24, 2020
Total Views: 271

oil tanker
News

Supertanker Rates Ease but Poised for More Gains as Storage Demand Beckons

By Roslan Khasawneh SINGAPORE, April 24 (Reuters) – Supertanker freight rates eased this week as surging demand for floating storage cooled and crude oil

April 24, 2020
Total Views: 136

taanker
News

Oil Market So Glutted Traders Use Tiny Barges to Store Fuels

By Ronan Martin and Jack Wittels (Bloomberg) — The oil market is getting so glutted that tiny barges that would normally be busily moving fuels

April 24, 2020
Total Views: 89

U.S. Navy Destroyer Facing Significant Coronavirus Outbreak in Caribbean
Defense

U.S. Navy Destroyer Facing Significant Coronavirus Outbreak in Caribbean

By Idrees Ali and Phil Stewart WASHINGTON, April 24 (Reuters) – A U.S. Navy destroyer has been hit with a coronavirus outbreak as it carried out a

April 24, 2020
Total Views: 73