News

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc is on the brink of pulling off its biggest acquisition. Yet the widening discount of target BG

Houston-based Atwood Oceanics says it has reached an agreement with Daewoo Shipbuilding & Marine Engineering to delay delivery of two ultra-deepwater

By Keith Wallis SINGAPORE, Dec 21 (Reuters) – Shippers who ply the seas to deliver liquefied natural gas (LNG) in massive tankers are likely to face a

JAKARTA, Dec 20 (Reuters) – Hopes faded on Sunday for 78 people missing from a ferry that sank off Indonesia’s eastern island of Sulawesi,

By Yeganeh Torbati ABOARD THE CHARLES DE GAULLE, Dec 19 (Reuters) – French and U.S. officials boast of the closeness of their military alliance, as

A Liberian-flagged freighter detained for about six weeks at the port of Duluth-Superior amid an investigation into environmental crimes has been

Update: Scores Still Missing After Indonesian Ferry Sinks JAKARTA, Dec 19 (Reuters) – High winds prevented rescuers from reaching a ship with more than

By Debjit Chakraborty, Yuji Okada and Serene Cheong (Bloomberg) — In the world’s biggest oil market, buyers have better options than U.S. crude. As the

Lockport, Louisiana-based Bollinger Shipyards has agreed to pay the United States $8.5. million to settle a lawsuit alleging the shipbuilder lied about the

With the stroke of a pen, President Barack Obama on Friday ended 40 years of U.S. crude oil export limits by signing off on a repeal passed by Congress earlier

A German-flagged heavy-lift cargo ship is now free after running aground Thursday on Lake Saint-Louis, Quebec near Montreal. The 12,700 DWT MV BBC Maple Lea

With renewed pressure on the shipping industry to cut its greenhouse gas emissions, a new report has found that readily-available methanol has a

The Port of Southampton welcomed its largest ship to date this week with the arrival of the 19,224 TEU ultra-large containership MSC Maya.  The MSC

Dec 18 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday after

By Billy House and Erik Wasson (Bloomberg) — Congress passed a $1.1 trillion spending measure that averts a U.S. government shutdown and ends a 40-

OSLO, Dec 18 (Reuters) – Norwegian-born billionaire John Fredriksen said Jo Lunder, who has been on leave as chief executive of his Fredriksen Group

By Tony Capaccio (Bloomberg) — Defense Secretary Ash Carter has ordered U.S. Navy leaders to buy fewer ships so the service can spend more on jets such

The  192-meter Hellenic Seaways ferry Nissi Rosos filmed making a quick turnaround at the port of Chios with the ANEK Lines’ ferry Eleftherios

An 18,000 TEU containership will make its first-ever North American debut with calls at two U.S. west coast ports later this month. French container

By Foo Yun Chee BRUSSELS, Dec 17 (Reuters) – Europe’s second-highest court gave clearance on Thursday to a Spanish tax lease scheme in the