News

BEIJING, April 17 (Reuters) – China’s South China Sea fleets have conducted training drills with upgraded methods that resemble actual combat

Pirates have kidnapped four crew from an Indonesian tug and barge in international waters between Malaysia and the Philippines, the Indonesian Ministry of

Time after time the search has been made, and time after time, they’ve all come back empty handed. This week however, a division of Kongsberg Maritime

Crowley Maritime has taken delivery of the third of four Jones Act product tankers being built for the company by Philly Shipyard. The 50,000 dwt tanker,

April 15 (Reuters) – The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities, rose on Friday, supported

The Costa Group has announced that starting in April 2017 its 56,000 ton Costa neoRomantica will be based in Asia year-round. Costa neoRomantica will be the

By Farah Master HONG KONG, April 15 (Reuters) – Captain Valerie Lyzhyn and his 45 crew are stranded in Hong Kong, big losers in a gambling slump

Japan Marine United Corp. recently delivered the 14,000 TEU container ship NYK Blue Jay to shipping company Nippon Yusen Kaisha (NYK). The vessel, which

By Ma Jie (Bloomberg) — Chinese shipbuilders are under so much financial strain that one of them is literally being turned into a parking lot. China

By Ole Mikkelsen COPENHAGEN, April 15 (Reuters) – Shipping freight rates for transporting containers from ports in Asia to Northern Europe have plummeted

By Jennifer A. Dlouhy (Bloomberg) — The Obama administration is imposing tough new regulations for offshore drilling nearly six years after the Deepwater

HOUSTON, April 14 (Reuters) – Exxon Mobil is shipping a cargo of crude produced from its deepwater Julia field in the Gulf of Mexico to its refinery in

The U.S. Navy’s USS Fort Worth (LCS 3), the littoral combat ship sidelined in Singapore due to gear damage, will sail under its own power to San Diego

By Joe Carroll (Bloomberg) — The world’s biggest oil explorers are fighting a U.S. plan to toughen offshore drilling rules that Exxon Mobil Corp. said

By Chris Cooper and Kiyotaka Matsuda (Bloomberg) — Kawasaki Kisen Kaisha Ltd., Japan’s third-largest shipping company, plans to halve the fleet of its

April 14 (Reuters) – The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities extended gains on

By Jennifer A. Dlouhy (Bloomberg) — The Obama administration will issue sweeping new regulations on offshore drilling Thursday, imposing potentially

The $5.3 billion Panama Canal expansion project is finally opening June 26 following years of

By Tiffany Kary and Joe Carroll (Bloomberg) — Energy XXI Ltd. filed for bankruptcy protection after spending $5 billion on acquisitions in the years

By Naureen S. Malik (Bloomberg) — The U.S. is grappling with the biggest glut of natural gas in four years. And you wouldn’t know it from the number of