News

Shortly after its official delivery last month, Teekay’s new icebreaking LNG carrier Eduard Toll made its way to complete both its first

By Mike Wackett (The Loadstar) – Hyundai Merchant Marine (HMM) slumped to a KRW1.2trn ($1.1bn) net loss in 2017. And this follows a KRW484bn loss the

SYDNEY, Feb 13 (Reuters) – A British warship will sail through the South China Sea next month to assert freedom-of-navigation rights, British Defence

French offshore services provider Bourbon has announced a new strategic plan that will involve reorganizing the company into three distinct business units and

BENGALURU, Feb 13 (Reuters) – A blast caused by a fire on a ship under repair at India’s Cochin Shipyard Ltd killed five people on Tuesday, and

NOAA satellites aided in the rescue of 275 lives in 2017, including 186 rescues taking place at sea, according to new numbers released by U.S. National Oceanic

By Javier Blas and Dan Murtaugh (Bloomberg) — The flood of crude leaving the U.S. could be about to get a major boost: the nation’s top imports

TUI Cruises, part of Europe’s largest tourism group TUI Group, announced plans on Monday to order a newbuild cruise ship to be built at the Finnish Meyer

By Mike Wackett (The Loadstar) – A new report estimates that over the past 21 years the container industry has “destroyed” about $110bn of

By Tony Capaccio (Bloomberg) — President Donald Trump’s $686 billion defense request for the coming fiscal year would propel the Navy toward a new goal

The disabled MOL Prestige is now safely moored at the Port of Seattle more a week after an engine room fire knocked out power to the vessel and severely

By Christian Wienberg and Alaric Nightingale (Bloomberg) — The world’s biggest container shipping line is trying to stop customers like

By Tom Miles GENEVA, Feb 12 (Reuters) – Global trade in goods will continue growing above trend during the second quarter, the World Trade

By Michele Kambas NICOSIA, Feb 11 (Reuters) – Cyprus on Sunday accused the Turkish military of obstructing a ship contracted by Italian oil company

By Mathew Carr and Anna Shiryaevskaya (Bloomberg) — Asia’s rapacious thirst for liquefied natural gas is sucking supplies from surprising places. China

By Christian Wienberg (Bloomberg) — The chief executive officer of the world’s biggest shipping company says curbs on immigration backed by

The Port of Los Angeles last year broke its own record for the most cargo moved annually by a Western Hemisphere port. The Port of Los Angeles reported Friday

BUENOS AIRES, Feb 9 (Reuters) – Some 93 cargo ships were waiting to load soy and corn from Argentina’s main exporting hub of Rosario on Friday,

The International Maritime Organization, the United Nations agency responsible for regulating global shipping, has agreed to move forward with a proposed ban

The Canadian Coast Guard patrol cutter CCGS Cygnus arrived safely into St. John’s today following reports that it was taking on water a few hundred