News

By Mike Wackett (The Loadstar) – OOCL was too small to compete with mega-carriers and needed access to a large capital base to succeed, its chairman said

A New Zealand court has sentenced a British ship captain to pay a $3,000 fine after authorities found him to be more than five-times the legal alcohol limit

Australia has banned the Bahamas-flagged bulk carrier MV Rena from entering its ports after the ship owner repeatedly failed to pay wages to its crew and did

JAKARTA, Aug 7 (Reuters) – Workers at one of the operators of Indonesia’s busiest ports ended their strike on Monday, sooner than planned, out of

Norwegian energy company Statoil has completed the installation of the 38,000-tonne topside of its Mariner A production, drilling and quarters (PDQ) platform

By James Regan SYDNEY, Aug 7 (Reuters) – An Australian Navy survey ship has located a U.S. military aircraft that crashed off the Australian northeast

By Jonathan Saul LONDON, Aug 7 (Reuters) – The risk of cyber attacks targeting ships’ satellite navigation is pushing nations to delve back

By Krystal Chia and Livia Yap (Bloomberg) — A recovery in demand for new bulk carriers has helped Singapore’s worst-performing stock in 2016 become its

By Enda Curran and Michael Heath (Bloomberg) — For all the talk of globalization’s retreat amid the mercantilist rhetoric of Donald Trump, it’s

South Korea’s shipping companies are preparing to launch a domestic shipping alliance to help the nation better compete in the global container shipping

By Mike Wackett (The Loadstar) – CMA CGM’s potential order of up to nine 22,000 teu ultra-large container vessels (ULCVs) is sending a message to

Check out this GoPro video shot by the Hellenic Coast Guard during a 2012 rescue of 8 crew members from the sinking superyacht Yogi. We actually covered this

MTS Logistics is a C-TPAT and ISO9001:2008 certified NVOCC specializing in LCL, FCL, and project sea freight shipments. With the help of their global agency

LONDON, Aug 4 (Reuters) – Royal Dutch Shell is considering expanding the capacity of one of its German refineries to make oil products that meet an

By Keith Wallis SINGAPORE, Aug 4 (Reuters) – Freight rates for very large crude carriers (VLCCs) on Asian routes from the Middle East could fall to a new

JAKARTA, Aug 4 (Reuters) – More than 600 workers at Jakarta’s Tanjung Priok port have gone on strike and could extend the action until Aug. 10,

By David Wethe (Bloomberg) — The “magic” of $50 oil is now in the sights of deep-sea drillers as they try to lure customer spending from shale wells

A containership operated by Brazilian shipping company Mercosul Line was involved in a serious collision with a tug pushing barges down the Amazon River on

By Mike Wackett (The Loadstar) – With CMA CGM reportedly ready to sign a letter-of-intent for nine ultra-large container vessels (ULCVs) of 22,000 teu,

CMA CGM is rumored to be on verge of placing a massive order for the construction of up to nine 22,000 TEU containerships, which if built would be the