News

Athens-based drybulk shipowner DryShips announced Friday it has entered into a “zero cost” agreement with companies controlled by its Chairman and

A giant iceberg the size of Delaware is expected to break away from the Antarctic peninsula, so big it’s likely to be one of the biggest iceberg calving

SYDNEY, Jan 6 (Reuters) – December iron ore shipments to China from Australia’s Port Hedland terminal hit a record 37.4 million tonnes in December,

By Devika Krishna Kumar NEW YORK, Jan 6 (Reuters) – U.S. gasoline prices recently soared to multiyear seasonal highs over European prices, setting the

By Jonathan Saul LONDON, Jan 6 (Reuters) – Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalising on

The U.S. Navy is looking at an average annual cost of nearly $21 billion to reach its goal of 308 battle force ships, about one-third more than amount of

By Christopher Palmeri (Bloomberg) — Carnival Corp. is unveiling wearable technology that allows cruise ship staff to personalize service at sea, whether

By J. Michael Cavanaugh and Eric Lee (Holland & Knight) – Once he assumes office on Jan. 20, 2017, President-Elect Donald Trump will be responsible

(BIMCO) – The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global

Melting polar icecaps have allowed the Hansa Heavy Lift vessel HHL Valparaiso to successfully transport two ship-to-shore cranes via the Northern Sea Route.

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