News

  Nicholas Brautlecht (Bloomberg) — Hapag-Lloyd AG, Germany’s biggest container- shipping line, widened a cost-reduction target by $100 million

  By Joe Carroll (Bloomberg) — Transocean Ltd., the offshore oil-rig operator that lost two-thirds of its value in the past year, plans to cancel

  By Aibing Guo (Bloomberg) — Cnooc Ltd., China’s biggest offshore oil and gas explorer, said first-half profit slumped as higher output and lower

Here is TOTE 2, aka Hull 496, as it is readied for its launch this Saturday at the General Dynamics NASSCO shipyard in San Diego.  TOTE 2 is the

  Norwegian offshore services provider Solstad Offshore says continuing weak market conditions will force the company to lay-up an additional 10 vessels,

A new photo gives a close-up view of the crack that threatens the completion of the project to expand the Panama Canal.  As gCaptain reported over the

  GMS, the world’s largest cash buyer of ships for recycling, has come out in support of the Danish Ship Association (DSA) which refuses to ban the

By Sarah McFarlane and Oleg Vukmanovic LONDON/MILAN, Aug 25 (Reuters) – Gas giant Qatar is becoming commercially sharper, using traders and tenders to

  The Government of India has revealed new plans to boost its coastal shipping and cruise tourism industries in an effort to spark develop in its coastal

  Salvage efforts were underway Tuesday for a 324-foot cargo ship aground on the Delaware River. The Netherlands-flagged MV Bermuda Islander lost power

  AMSTERDAM, Aug 25 (Reuters) – A court in the Netherlands has ordered Russia to pay compensation for seizing the Greenpeace ship Arctic Sunrise

  By Angelina Rascouet and Manisha Jha (Bloomberg) — Demand for oil services is rising in the Middle East even as the rout in crude prices forces

  The Panama Canal Authority (ACP) said Monday that a crack that has formed in one of the new locks making up the expanded Panama Canal should not impact

Delivered in June, Höegh Target is the world’s largest Pure Car and Truck Carrier (PCTC) vessel with a carrying capacity of 8,500 car equivalent units.

  By Jonas Cho Walsgard (Bloomberg) — John Fredriksen, the billionaire who made his fortune investing in crude tankers, said he’s “very

  Two shipyard workers were killed and seven others injured following a fire onboard a vessel under construction at Daewoo Shipbuilding and Marine

  Local authorities are reporting 6 pirate attacks in just two days eastbound lane of the Traffic Separation Scheme (TSS) in the Straits of Malacca and

  By Emmett Berg SAN FRANCISCO, Aug 23 (Reuters) – Researchers returned on Sunday from mapping and sampling a massive swirling cluster of trash

  HAMBURG, Aug 24 (Reuters) – An international maritime tribunal on Monday rejected Italy’s request that India provisionally release two

By Justin Fox (Bloomberg View) — Late last year, Nicaraguan authorities said that construction was about to begin on a $50 billion canal connecting the