News

LONDON, Dec 1 (Reuters) – British engineering company Rolls-Royce said it would cut a further 800 jobs in its marine business to save an extra 50 million

Carnival Corporation’s Princess Cruise Lines has agreed to plead guilty to seven felony charges stemming from illegal oil dumping at sea and intentional

By Jacob Gronholt-Pedersen COPENHAGEN, Dec 1 (Reuters) – Maersk Line, the world’s biggest shipping company, is to buy smaller rival Hamburg Süd,

By Emma O’Brien and Heesu Lee (Bloomberg) — While the first OPEC production cuts since 2008 were inked as Asia slept, the winners and losers from

By Keith Wallis SINGAPORE, Dec 1 (Reuters) – Freight rates for large capesize dry cargo ships on key Asian routes could drop next week as charterers hold

By Nayla Razzouk, Angelina Rascouet and Golnar Motevalli (Bloomberg) — OPEC confounded its doubters and sent crude oil prices soaring by agreeing to its

DAYING COUNTY, China, Nov 30 (Reuters) – You too may soon be able to feel what it was like to hit an iceberg on the Titanic. Construction of a

  By David Carey   (Bloomberg) — Wilbur Ross, who as Donald Trump’s commerce secretary will be the voice of U.S. business, made a

The following statement was released by the rating agency LONDON, November 30 (Fitch) Muted demand growth will exacerbate overcapacity for the shipping sector

By Mike Wackett (The Loadstar) – Shipping circles in Hamburg are abuzz with speculation that the Oetker family will announce this week that it intends to

By Benjamin Katz (Bloomberg) — BAE Systems Plc’s Scottish dockyards should be excluded from the lead role on a new class of Royal Navy frigate in

By David Shepardson WASHINGTON, Nov 29 (Reuters) – President-elect Donald Trump plans to nominate former Labor Secretary Elaine Chao to head the

By Chris Bryant (Bloomberg Gadfly) — Soren Skou doesn’t hang around. Shortly after he became chief executive of AP Moller-Maersk A/S in the summer,

LONDON, Nov 29 (Reuters) – Britain needs to speed up shipbuilding for the Royal Navy and spread work more widely across companies and shipyards to help

By Keith Wallis SINGAPORE, Nov 29 (Reuters) – Sales of second-hand ships used to haul commodities such as iron ore, coal, grain and fertiliser have hit a

By Mike Wackett (TheLoadstar) The Asia-Mediterranean trade is still “over-tonnaged”, with headhaul ship utilisation below other major east–west markets,

Officials in the Cayman Islands are trying to determine exactly how much damage was caused to a coral reef after the grounding of the containership MV Saga

By Idrees Ali WASHINGTON, Nov 28 (Reuters) – An Iranian Islamic Revolutionary Guard vessel pointed its weapon at a U.S. military helicopter in the Strait

I don’t really get seasick, or any kind of motion sickness for that matter, but then again I’ve never landed a helicopter on the back of a heavily

By Sophie Sassard and Ron Bousso LONDON, Nov 28 (Reuters) – Denmark’s A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas