News

Royal Boskalis Westminster has completed the sale of Dutch towing company Kotug Smit Towage to Spain-based Boluda Group. Boskalis was co-shareholder of Kotug

By Adela Lin (Bloomberg) –A Chinese warship collided with a Taiwanese freighter Wednesday evening, damaging the bulk carrier, Taiwan’s Coast Guard

BANGKOK, Aug 1 (Reuters) – Britain on Thursday ruled out exchanging an Iranian tanker detained by Gibraltar for a British-flagged tanker seized by Iran

By Brian Wingfield and Julian Lee (Bloomberg) –Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s

The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced the designation of nine Marine Highway Projects and a Marine

By Joanna Plucinska and Paul Carrel WARSAW/BERLIN, July 31 (Reuters) – Germany will not participate in a U.S.-led naval mission in the Strait of Hormuz

The world’s first methanol-powered tankers have passed each passed the 10,000 operating hours running on the clean-burning alternative fuel. The two

By Mike Wackett (The Loadstar) – Japanese carrier Ocean Network Express (ONE) has posted its first quarterly profit since the merger of the container

By Timothy Gardner and Patricia Zengerle WASHINGTON, July 31 (Reuters) – A U.S. Senate committee passed a bill on Wednesday to slap sanctions on

By Tony Capaccio (Bloomberg) –Only two of 11 elevators needed to lift munitions to the deck of the U.S. Navy’s new $13 billion aircraft carrier have

July 30 (Reuters) – Enterprise Products Partners LP signed long-term agreements with a Chevron Corp unit to develop its Sea Port Oil Terminal in the Gulf

Samsung Heavy Industries has unveiled a marine lithium ion battery system intended to reduce fuel consumption, thereby reducing emissions and operating costs.

LONDON, July 30 (Reuters) – BP has not taken any of its oil tankers through the Strait of Hormuz since a July 10 attempt by Iran to seize one

By The Editors (Bloomberg Opinion) — European nations, alarmed by Iran’s capture of a British oil tanker, are mounting a response to protect their

The Port of Savannah moved a record 4.5 million TEU in its fiscal year ending June 30, an increase of more than 305,000 TEUs or 7.3 percent compared to

By Mike Wackett (The Loadstar) – Growing safety concerns around the IMO’s 0.5% sulphur cap on marine fuels has led to talk of a period of “permitted

DUBAI, July 30 (Reuters) – Iran was to revive maritime security talks on Tuesday with traditional foe the United Arab Emirates (UAE) in an apparent bid

The incorrect securement of a rescue boat led to its uncontrolled fall from the passenger ferry Queen of Cumberland during a drill in Swartz Bay,

Stena Bulk is still awaiting permission from the Iranian authorities to visit the Stena Impero tanker that was seized in the Strait of Hormuz on July 19. All

By Lesley Wroughton WASHINGTON, July 29 (Reuters) – The United States wants all ships to keep their tracking transponders on to cut down on illicit