News

George Economou’s DryShips on Tuesday announced plans re-enter the tanker market with the acuisition of a VLCC and Aframax from two unrelated third

Feb 21 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday for a

By Alessandra Migliaccio and Tommaso Ebhardt (Bloomberg) — Italian shipbuilder Fincantieri SpA is expected to sign a binding contract to build cruise

HAVANA, Feb 20 (Reuters) – The Mississippi ports of Pascagoula and Gulfport signed agreements in Cuba on Monday with an eye to future business and with a

BRUSSELS, Feb 21 (Reuters) – EU antitrust regulators will decide by March 27 whether to clear world No. 1 shipping company Maersk Line’s bid for

Australia’s EVOL LNG is claiming the first LNG bunkering operation in Australia with the successful Truck-to-Ship refueling of the platform supply Siem

By Antonella Cinelli and Steve Scherer ROME (Reuters) – The chief prosecutor of a Sicilian court said on Friday that a task force is looking into whether

Video shot aboard the Judy platform in the North Sea shows giant 50-foot waves hitting the platform and adjacent accommodation rig CSCL Rival back in January.

By Laura Blewitt (Bloomberg) — The biggest gasoline market in the U.S. is bursting at the seams. Traders are lining up to export gasoline and diesel from

By Nerijus Adomaitis OSLO, Feb 20 (Reuters) – Cost cuts by Norway’s oil and gas industry appear to have contributed to a rise in accidents in

MANILA, Feb 20 (Reuters) – Gunmen in southern Philippine waters killed one crewman of a Vietnamese vessel and abducted seven in what appeared to be the

By Letitia Stein TAMPA, Fla., Feb 17 (Reuters) – U.S. investigators stood in silence for 33 seconds on Friday as they concluded the public phase of a

Here’s a look at the heavy surf sea trials of Safehaven Marine’s new XSV 17 craft during several days of recent storms to hit

The U.S. Coast Guard and other federal and local agencies are continuing to respond to the tugboat Samson Mariner that ran aground and spilled fuel while

By Michel Rose PARIS, Feb 17 (Reuters) – France does not want Italian shipbuilding group Fincantieri to hold more than 50 percent of bid target STX

Check out this amazing video that apparently has been on YouTube for a few years now, but is just now getting attention after it was posted as a gif to

By Mark Gilbert (Bloomberg View) — About a year ago, I wrote a couple of columns examining the data available in the industries responsible for moving

SEOUL, Feb 17 (Reuters) – A South Korean court declared Hanjin Shipping Co Ltd bankrupt on Friday, after ruling earlier this month that the firm’s

BAGHDAD, Feb 17 (Reuters) – Iraq plans to acquire a “large fleet” of oil tankers to transport the OPEC nation’s crude to global

By Mike Wackett (The Loadstar) – Beleaguered panamax containership owner Rickmers Maritime Trust (RMT) has pleaded with its creditors for help to