News

WASHINGTON, April 29 (Reuters) – The U.S. Navy on Wednesday said that it would carry out a broader review into the spread of the coronavirus

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

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

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

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

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

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

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

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

Maersk Drilling says it is taking steps to reduce its offshore crew pool as it stacks North Sea rigs in light of the COVID-19 pandemic and crash in oil

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

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

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)

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

By David Wethe and Jeremy Hill (Bloomberg) — Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an

By Stephen Stapczynski (Bloomberg) — Twenty port authorities in Asia, Europe, the Middle East and North America signed a declaration committing to stay

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

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

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