News

By Gavin van Marle (The Loadstar) – Container shipping lines on the transpacific trade this week continued to announce capacity cuts in response to the

Update (Thursday) – The Coastguard reports that the situation remains unchanged and there was no attempt to refloat the vessel at high water Thursday

By Kyunghee Park (Bloomberg) — Christmas is looking a little less bright for container-shipping companies. As the industry enters what’s

By David Fickling (Bloomberg Opinion) — What’s the most important element in global commodity markets right now? Carbon? Copper? Gold? Wrong

Following Hurricane Maria’s landfall in Puerto Rico last September, a number of media reports claimed that the Jones Act had severely damaged the Puerto

U.S.-flag tanker company Overseas Shipholding Group, Inc. (NYSE: OSG) has signed shipbuilding contracts with Hyundai Mipo Dockyard in South Korea for the

A major fire tore through an end-of-life VLCC at the Gadani shipbreaking yard in Pakistan on Monday, marking yet another incident to underscore the dangers of

The International Chamber of Shipping (ICS) says it is encouraged by efforts made by IMO Member States to resolve so of the challenges ahead of the global 0.5%

Hapag-Lloyd AG officially named its newest containership ‘AFIF’ at DP World’s London Gateway on Monday. The Ultra-Large Container Vessel

A Singaporean shipping company has been sentenced to pay a fine of $1 million and serve two years of probation for failing to maintain an accurate oil record

Offshore drilling contractor Transocean says its ultra-deepwater semi-submersible GSF Development Driller 1 has been awarded an 11-well contract offshore

Houston-based Enterprise Products Partners L.P. (NYSE: EPD) is planning to develop an offshore crude oil export terminal off the Texas Gulf Coast capable of

By Jolyn Rosa HONOLULU, July 17 (Reuters) – Hawaii lava tour boats faced tighter restrictions on Tuesday after 23 passengers were injured by a volcanic

By Stanley White TOKYO, July 17 (Reuters) – Japan and the European Union signed a wide-ranging free trade deal on Tuesday that both sides hope will act

A dozen people were injured on Monday when the tour boat they were on was struck by flying lava from the Kilauea volcano on Big Island of Hawaii. The U.S.

The 10,000-tonne hull of the RRS Sir David Attenborough was launched into the River Mersey on Saturday, marking a major milestone in the build of the

Check out this incident video showing an Australian whale watching boat apparently lose control as it was docking. We are told the incident took place on July

U.S.-based offshore supply vessel companies Tidewater (NYSE: TDW) and GulfMark Offshore (NYSE: GLF) announced Monday that their respective Boards of Directors

By Kevin Yao and Fang Cheng BEIJING, July 16 (Reuters) – China’s economy expanded at a slower pace in the second quarter as Beijing’s

(Reuters) – An iceberg the size of a hill has drifted close to a tiny village on the western coast of Greenland, causing fear that it could swamp the