News

COPENHAGEN, April 28 (Reuters) – The world’s biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its

By Mike Wackett (The Loadstar) – “Organised chaos” – that’s how one carrier describes the Asia-Europe schedules of the Ocean and THE

A floating dry dock holding a Norwegian tanker capsized Thursday afternoon at the Nauta Shipyard in Gdynia, Poland. The Nauta Shipyard said in a statement

OSLO, April 27 (Reuters) – John Fredriksen’s Frontline is switching its legal battle for control of tanker operator DHT Holdings from New York to

By Anna Shiryaevskaya and Rakteem Katakey (Bloomberg) — When Russia’s biggest tanker operator launches four new vessels next year, they

SINGAPORE, April 27 (Reuters) – Singapore’s Sembcorp Marine Ltd (Sembmarine) posted a 28 percent drop in its first-quarter profit as rig orders

By Kyunghee Park (Bloomberg) — The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South

STANBUL, April 27 (Reuters) – A Russian naval intelligence ship sank off Turkey’s Black Sea coast on Thursday after colliding with a vessel

A U.S. federal judge has sentenced a Somali man to life plus 10 years in prison for his role in the unsuccessful pirate attack on the the U.S. Navy

The crew of Coast Guard Cutter Ida Lewis on Monday discovered a buoy sunk in the water with bullet holes near Block Island, Rhode Island. The crew

By Roslan Khasawneh SINGAPORE, April 26 (Reuters) – The Baltic Exchange said on Wednesday it will offer new products and services to enhance its role in

OSLO, April 26 (Reuters) – Frontline has made a fifth offer for tanker operator DHT Holdings and given its rival 24 hours to reconsider a deal which

By Jennifer A. Dlouhy (Bloomberg) — President Donald Trump will open the door to new oil and natural gas drilling in Pacific waters off the coast of

By Michael Martina BEIJING, April 26 (Reuters) – China launched its first domestically built aircraft carrier on Wednesday amid rising tension over

By Nick Yatsenko, Master Mariner During my life at sea, I was always anxious during lifeboat drills. One of my relatives was employed on a MSC container

By Gavin van Marle in Singapore (The Loadstar) – A leading shipping analyst has predicted the return of rate volatility to the world’s major trades as

By Birgit Jennen and Rainer Buergin (Bloomberg) — Germany plans to spend an extra 525 million euros ($572 million) to boost the capabilities of a new

A second crewmember has died following an explosion aboard a bulk carrier in the North Atlantic as an emergency response continues for two others severely

By Alister Doyle, Environment Correspondent OSLO, April 25 (Reuters) – The Arctic’s quickening thaw is melting the permafrost under buildings and

By Jessica Jaganathan SINGAPORE, April 25 (Reuters) – The tanker market may face a “difficult” second and third quarter this year after a