News

A passenger vessel carrying nearly 450 people struck a pier in Baltimore on Sunday, causing damage but no serious injuries among passengers or crew. The U.S.

The U.S. Navy is investigating a casualty to one of the main propulsion diesel engines (MPDE) on board the first littoral combat ship USS

By Mikael Holter and Rakteem Katakey (Bloomberg) — Crude markets will continue to be plagued by volatility in the short and medium term after suffering

By Jonas Cho Walsgard and Mikael Holter (Bloomberg) — Statoil ASA lowered development costs for the start-up at its giant Johan Sverdrup oilfield by $2.9

STAVANGER, Norway, Aug 29 (Reuters) – John Knight, Statoil’s executive vice-president for global strategy and business development, told Reuters on

With its open deck measuring 275 meters by 70 meters and capacity to lift 117,000 metric tons, the semi-submersible Dockwise Vanguard is the largest heavy lift

Norwegian cruise operator Hurtigruten ASA has attracted interest from buyout firms EQT Partners AB, Bain Capital and TPG, according to people familiar with the

By Keith Wallis (Reuters) Unpaid, underfed, and thousands of miles from home on a rusting tanker, captain Munir Hasan says he is a victim of a shipowner who

Matson, Inc has placed an order for two new combination container and roll-on/roll-off vessels to add to its Hawaii fleet at a contract price of $511 million.

Europe’s newest mega-cruise ship builder MV Werften says it has signed of Letter of Intent to build two Polar-class luxury expedition vessels for Crystal

Hapag-Lloyd Cruises has ordered two new expedition-style cruise ships at Vard as the Hamburg-based cruise company looks to expand in the segment. The two

SINGAPORE, Aug 26 (Reuters) – Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent

HAMBURG, Aug 26 (Reuters) – German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from its

By Sarah Syed and Kiel Porter (Bloomberg) — Norwegian cruise operator Hurtigruten ASA has attracted interest from buyout firms EQT Partners AB, Bain

By Seng Li Peng Tankers full of liquefied petroleum gas (LPG) are gathering off Singapore waiting for buyers as a flood of supply from the U.S. and Saudi

By Idrees Ali WASHINGTON, Aug 25 (Reuters) – A U.S. Navy ship fired warning shots toward an Iranian fast-attack craft that approached two U.S. ships, a

The Indonesian Navy has tracked down and intercepted a Malaysian tanker that was seized by its own crew earlier this month following a dispute with the

By Mike Wacket (TheLoadstar) It might not be easy for one of the new mega east-west vessel-sharing alliances to appease the regulators. The

by Kyunghee Park (Bloomberg) — China Cosco Holdings Co., Asia’s largest container shipping company after a government-led merger last year, posted a

A U.S. Navy video obtained by USNI News shows the moment four Iranian Revolutionary Guard patrol boats approached the guided-missile destroyer USS Nitz earlier