News

OTTAWA, Dec 21 (Reuters) – U.S. lawmakers on Wednesday slammed an agreement made with Canada to ban offshore Arctic drilling, saying Ottawa’s plan

By Jonathan Saul and Andrew MacAskill LONDON, Dec 21 (Reuters) – Royal Bank of Scotland is close to selling at least $600 million worth of shipping loans

Scottish authorities have approved a massive £350 million expansion project for the port of Aberdeen as the port positions itself to handle larger vessels

By Mikael Holter (Bloomberg) — The man overseeing energy policy in western Europe’s biggest oil-producing nation says the worst downturn in the

A niche bank for the shipping and offshore sectors has opened for business in Norway after years of planning. Starting Wednesday, December 20, 2016, Maritime

By Robert Tuttle (Bloomberg) — Kinder Morgan Inc. will have to address the fate of one more group before completing its Trans Mountain pipeline

By Jonathan Saul LONDON, Dec 21 (Reuters) – The shipping industry faces the threat of paying a levy to the European Union on its greenhouse gas emissions

SINGAPORE, Dec 21 (Reuters) – Rickmers Maritime, a Singapore-listed trust that operates container ships, said investors rejected a debt restructuring

By Valerie Volcovici and Timothy Gardner WASHINGTON, Dec 20 (Reuters) – U.S. President Barack Obama on Tuesday permanently banned new oil and gas

Italian shipbuilder Fincantieri says it has finalized construction contracts for three new cruise ships worth a combined 2 billion euros with Virgin Voyages,

Carnival Corporation, the world’s largest cruise ship company, posted a record $2.8 billion profit for its full fiscal year 2016 as the company looks

The Panama Canal on Tuesday welcomed the largest capacity vessel to-date to transit the expanded locks – the 10,589 TEU neopanamax

COPENHAGEN, Dec 20 (Reuters) – Moody’s downgraded A.P. Moller-Maersk’s credit rating on Tuesday, piling pressure on the world’s biggest

The UK’s Maritime & Coastguard Agency (MCA) has signed a 5-year agreement with the marine salvage company Ardent for emergency towage services off the

By Tom Westbrook and Rozanna Latiff SYDNEY/KUALA LUMPUR, Dec 20 (Reuters) – Investigators searching for Malaysia Airlines flight MH370 have recommended

US-flagged tanker company Overseas Shipholding Group, Inc. (NYSE:OSG) announced Tuesday that Samuel H. Norton will become president and CEO of the company

By Ben Blanchard BEIJING, Dec 20 (Reuters) – China has returned a U.S. underwater drone taken by one of its naval vessels in the disputed South China Sea

By Jennifer A. Dlouhy (Bloomberg) — President Barack Obama is preparing to block the sale of new offshore drilling rights in much of the U.S. Arctic

The sugar transport ship Moku Pahu departed Kahului harbor in Maui last Friday carrying the final cargo of sugar produced by the Hawaiian Commercial &

By David Tweed and Ting Shi (Bloomberg) — For all the outrage after China seized a U.S. naval drone last week, it’s far from clear whether it will