News

By Keith Wallis SINGAPORE, April 1 (Reuters) – Freight rates for very large crude carriers (VLCCs), which hit a two-week high on Thursday, face an

April 1 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains on Friday,

SHANGHAI, April 1 (Reuters) – China COSCO Shipping Corp has placed an order for 10 very large ore carriers (VLOC) from China State Shipbuilding Corp

Exactly half of the newbuild capesize bulkers due for delivery in the first quarter of 2016 have been pushed back as owners react to the poor state of the

By Mike Wackett (The Loadstar) – Following Korean carrier Hanjin offering express container shipping services on two major tradelanes, industry analyst

The U.S. Department of Defense has released the first footage of its prototype unmanned anti-submarine ship being developed to track quiet diesel-electric

At least two people were killed in what has been described as a large explosion aboard an inland tanker berthed in Duisburg, Germany. Local media reports says

March 31 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday on

Some cool drone footage by Youtuber Jersey Drone of ships left abandoned at Staten Island’s Arthur Kill ship graveyard, eerily located on the Arthur Kill

With the debate over strengthening U.S. boarder security focussed almost exclusively on the illegal movement of people and drugs into the southern United

COPENHAGEN, March 31 (Reuters) – The world’s third largest port operator APM Terminals said it will invest 758 million euros ($858.3 million) in a

By Keith Wallis SINGAPORE, March 31 (Reuters) – Freight rates for large capesize dry cargo ships on key Asian routes are set to firm next week as owners

Global mobile satellite communications provider Inmarsat (LSE:ISAT.L) on Wednesday launched its highly anticipated Fleet Xpress, a new service that promises a

By Kyunghee Park and Clement Tan (Bloomberg) — China Cosco Holdings Co. posted a 22 percent slump in earnings last year, while China Shipping Container

VT Halter Marine has set the main engine onto the first of two LNG-powered combination container and Roll/On-Roll/Off cargo ships being built for Crowley

French offshore services provider Bourbon Offshore has announced a major expansion into ethane gas transportation as the company weathers a “very

By Thomas Escritt and Francesco Guarascio THE HAGUE/BRUSSELS, March 30 (Reuters) – The European Union and India failed on Wednesday to defuse a

Maersk Drilling says it has received a notice of early contract termination from its client for the ultra-deepwater semi-submersible Mærsk Deliverer. The

Four crew members kidnapped from a chemical tanker earlier this month off the coast of Nigeria have been released in good health, the International Maritime

By Gavin van Marle (The Loadstar) – The continuing low levels of the waters of Gatun Lake in Panama could pose a long-term challenge for the country’s