News

by Jessica Shankleman, Brian Parkin and Anna Hirtenstein (Bloomberg) — Offshore wind turbines are about to become higher than the Eiffel Tower,

By Jonathan Saul and Faith Hung LONDON/TAIPEI, April 21 (Reuters) – Taiwan’s troubled Yang Ming Marine Transport Corp is halting its container

SHANGHAI, April 21 (Reuters) – The world’s busiest container port, Yangshan in China’s business hub of Shanghai, is battling severe

By Gavin van Marle (The Loadstar) – Trading in the shares of embattled Taiwanese carrier Yang Ming were suspended on the Taipei stock exchange yesterday

April 21 (Reuters) – The Baltic Exchange’s main sea freight index marked its biggest percentage decline since mid-December on Friday as rates for

By Mike Wackett (TheLoadstar) A lack of orders for smaller containerships over the past few years, with operators focused on large vessels, is

By Henning Gloystein and Libby George SINGAPORE/LONDON, April 21 (Reuters) – The jury is still out over whether an OPEC-led production cut aimed at

By Devika Krishna Kumar NEW YORK, April 20 (Reuters) – A tanker of gasoline en route to New York Harbor from Europe has been diverted to a Caribbean

Armed pirates kidnapped eight crew members from tug operating off Nigeria on Wednesday, while another tanker was targeted in the general area, the

SINGAPORE, April 20 (Reuters) – Singapore’s Keppel Corp posted its first year-on-year rise in quarterly profits since early 2015, helped by

A U.S. District Judge in Miami on Wednesday sentenced Princess Cruise Lines Ltd. (Princess) to pay a $40 million penalty – the largest-ever for crimes

OSLO, April 20 (Reuters) – A U.S. court has rejected a last-minute effort by billionaire investor John Fredriksen’s Frontline to prevent BW Group

By Alberto Alerigi and Gustavo Bonato SAO PAULO, April 19 (Reuters) – The loading of iron ore at Brazil’s Itaguaí terminal operated by mining and

By Jeff Mason and Doina Chiacu WASHINGTON, April 19 (Reuters) – President Donald Trump’s administration on Wednesday denied being misleading about

Salvors continue to work on refloating a Euronav very large crude carrier (VLCC) which ran aground in soft mud last week in the Java Sea. Euronav reports that

MOSCOW, April 19 (Reuters) – A cargo ship heading from Russia to Turkey sunk off the coast of Crimea early on Wednesday morning and 11 of the crew are

By Justin Sink and David Tweed (Bloomberg) — Vice President Mike Pence issued a fresh warning to North Korea from the deck of a U.S. aircraft

By Phil Stewart WASHINGTON, April 18 (Reuters) – When U.S. President Donald Trump boasted early last week that he had sent an “armada” as a

By Tony Capaccio (Bloomberg) — Congress should consider delaying an upcoming U.S. Navy request for as much as $9 billion to start work on 12

The American Maritime Partnership (AMP), representing interests of the domestic maritime industry, has submitted comments strongly in support of the recent