News

HONG KONG–The head of shipping giant China Cosco Holdings Co. (601919.SH) on Thursday cast a downbeat light on the shipping industry, saying the current

On August 12th, Netherlands-based heavy lift and project cargo shipper Jumbo Shipping, completed the transport and discharge of twenty-five caissons for the

Maersk Oil, the oil and gas-producing arm of Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), is well on track to surpass its daily

More than 120 asylum seekers may have drowned off Indonesia, according to the Australian government, which is reopening offshore detention centers in an

As commercial ship operators around the world continue to search for ways to lower their environmental impact and operating costs, a voluntary international

It may not be quite as dramatic as the Red October, however, to conduct scientific research on climate change, sustainable fishing, and energy

The shipowner/managers Leonhardt & Blumberg report today that they have invited salvage companies for individual offers for the safe and successful

SHANGHAI–China Shipping Container Lines Co. (2866.HK), the country’s largest container shipper by capacity, said Wednesday its net loss for the

Frontline Ltd., the world’s largest operator of supertankers, reached an eight-month low in Oslo trading after forecasting deteriorating returns from

Bourbon SA, owner of the biggest fleet of supply and crew ships for the oil industry, swung to a profit in the first half and said an increase in

Sembcorp Marine’s subsidiary Jurong do Brasil Prestacao de Services Ltda (JDB) announced today that they have secured a US$674 million contract for the

At around 1740hrs tonight, fire broke out onboard the Purse Seiner Ocean Breeze while in dry-dock in Lyttelton, New Zealand. The trawler was under repair after

International cargo shipper Goldenport Holdings Inc. (LSE: GPRT) announced today that it has agreed to acquire the sub-Panamax, 2,100 TEU container vessel

The Great Eastern Shipping Company Ltd. took delivery of a 1990 built Very Large Gas Carrier (VLGC) “Jag Vidhi” [about 49,700 dwt (75,000 cbm)].

China, the world’s biggest coal consumer, is poised to reduce imports of the commodity from Australia after the gap with domestic prices narrowed,

For the first time this year, slowing growth in oil demand is spurring analysts to cut estimates for earnings in the tanker industry’s largest vessels.

Mariners in the Gulf of Mexico region reported to us yesterday of a continual alert being received over distress frequencies off Cuba, one that we have been

On Saturday morning, the passenger ferry, Provincetown III, was delivering 149 passengers from Boston to the north-eastern tip of Cape Cod when it slowed to an

Athens-based containership owner/operator, Costamare Inc. (NYSE: CMRE) announced today that it has purchased the 15 year-old, 2,458 TEU container vessel

(Bloomberg) — Samsung Heavy Industries Co. plans to offer 500 billion won ($440 million) of bonds next month as South Korean shipyards sell a record