News

BW Group has entered into a definitive agreement to buy an additional 36.3% stake in Hafnia Tankers, bringing its total stake in the product tanker company to

By Bloomberg News (Bloomberg) — Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of U.S.

By Phil Stewart, Idrees Ali and Jess Macy Yu WASHINGTON/TAIPEI, July 7 (Reuters) – Two U.S. warships passed through the Taiwan Strait on Saturday on

By Leigh Thomas and Bozorgmehr Sharafedin AIX-EN-PROVENCE, France/LONDON, July 7 (Reuters) – One of the world’s biggest cargo shippers announced on

Norwegian shipbuilder Ulstein has secured a contract from French cable company Nexans to construct a large, DP3 cable laying vessel to support the growing

Norwegian technology group Kongsberg has entered into an agreement to acquire Rolls-Royce’s struggling commercial marine business in a GBP 500 million

By Danya Hajjaji TORONTO, July 4 (Reuters) – Crew members of two Canadian fishing vessels were approached by the United States border patrol in Canadian

By Michael Martina and David Lawder BEIJING/WASHINGTON, July 6 (Reuters) – The United States and China slapped tit-for-tat duties on $34 billion

By Mikael Holter (Bloomberg) — John Fredriksen’s stake in Seadrill Ltd., once worth more than $5 billion, was virtually wiped out in the

By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK, July 6 (Reuters) – Thai rescuers deployed helicopters on Friday to search for 23 people missing

Kawasaki Heavy Industries will build Japan’s first LNG bunkering vessel for a joint venture between K-Line, Chubu Electric Power, Toyota Tsusho

By Lusha Zhang and Josephine Mason BEIJING, July 6 (Reuters) – It is not often that the niche world of commodities trading enters the public

By Thomas Seal (Bloomberg) — Billionaire Charlie Ergen’s EchoStar Corp. made its 3.2 billion pound ($4.2 billion) proposal to buy Inmarsat

Things are not looking up for an Indian containership which suffered an explosion and fire more than three weeks ago in the Bay of Bengal off the east coast

By Elias Glenn and David Lawder BEIJING/WASHINGTON, July 5 (Reuters) – China accused the United States on Thursday of “opening fire” on the

By Bozorgmehr Sharafedin LONDON, July 5 (Reuters) – The U.S. Navy stands ready to ensure free navigation and the flow of commerce, the U.S.

Inspectors with the Australian Maritime Safety Authority detained the Australian-flagged MV Tomin in the Port of Yamba, New South Wales last week after

By Rachel Adams-Heard, Dan Murtaugh and Anna Shiryaevskaya (Bloomberg) — The world’s fastest growing fossil fuel is bracing for a direct hit from

By Nichola Groom July 5 (Reuters) – The Trump administration wants to fire up development of the U.S. offshore wind industry by streamlining

By Alaric Nightingale (Bloomberg) –Will somebody please tell commodity shippers there’s a trade war going on? Whether it’s the price of hiring