News

Norwegian shipping company Farstad Shipping announced Thursday a planned restructuring deal with Siem has been ended by its creditors, calling into

OSLO, Jan 5 (Reuters) – Thorodd Bakken, head of Nordea Norway’s Corporate & Investment Bank, expects more restructuring to take place in the

The U.S. Coast Guard and at least four offshore supply vessels are responding to a fire on an oil production platform belonging to Renaissance Offshore near

A natural buffer zone of wind shear and cooler ocean temps has been found to form along the U.S. East Coast during periods of greater Atlantic hurricane

For the first time in nearly two decades Japanese shipbuilders have overtaken rivals in South Korea in terms of newbuild order backlog, industry data shows.

By Ryan Collins (Bloomberg) — Asia’s finally becoming a prime destination for U.S. shale gas cargoes. At least 10 of the 12 tankers bearing liquefied

By Emmanuel Jarry PARIS, Jan 4 (Reuters) – A leading French minister expressed support on Wednesday for a bid by Italy’s Fincantieri’s for

A search team has located the wrecks of two Maersk Supply Service vessels which sank during a tow to a Turkish scrapyard late last month. The vessels are

A giant containership ran aground in the Suez Canal on Wednesday and was blocking traffic before tugs eventually freed the vessel. The vessel has been

SHANGHAI, Jan 4 (Reuters) – Maersk, the world’s largest container shipping line, has teamed up with Alibaba to allow customers to reserve space on

SINGAPORE, Jan 4 (Reuters) – Nearly 300 tonnes of oil spilled into the narrow strait separating Singapore and Malaysia after a collision between two

(Moore Stephens) – The shipping industry will use a mixture of experience and innovation to navigate what is likely to be another volatile year for the

Another great heavy seas video posted by Bigwavemaster1, who works on an Emergency Response & Rescue Vessel providing support to offshore oil platforms in

By Kyunghee Park (Bloomberg) — Hanjin Shipping Co. shares surged by their daily limit of 30 percent in Seoul after a local media report that the sale of

By Kyunghee Park (Bloomberg) — Swim or sink: That’s the message shipping executives in Asia are taking into the new year. Faced with a prolonged trade

A Washington state man has been fined $9,500 by the Coast Guard and ordered to serve 15 days in jail for shining a high-powered laser at the

South Korean shipping company Hyundai Merchant Marine has signed an agreement with smaller Asia-only carriers Heung-A Shipping and Sinokor Merchant Marine to

(International Maritime Organization Newsroom) – With more and more ships navigating in polar waters, IMO has moved to address international concern

Incat Crowther and Vigor have announced the delivery of Sentinel, a 60 foot Catamaran Research Vessel, to the California Department of Water Resources. Vigor

Check out this video posted to Facebook showing a New Year’s Eve incident in Australia involving an SUV that rolled right off the ramp of