Shipping

Eagle Bulk repurchases Oaktree’s entire stock ownership of 28%. U.S.-based Eagle Bulk Shipping Inc. (NYSE: EGLE) has announced that its Board of

The solo rower spent weeks aboard a life raft before his rescue. An ocean rower on an around-the-world voyage was rescued by the crew of crude oil tanker last

Wallenius Wilhelmsen has announced the signing a new contract with an undisclosed major electric vehicle manufacturer for shipping EVs from Asia to Europe and

The U.S. Coast Guard has confirmed that the Titan submersible suffered a “catastrophic implosion” with the loss of all five people on board. The

(Bloomberg) — A cluster of Saudi Arabian oil tankers that are idling in the Red Sea is showing tentative signs of shrinking, suggesting whatever issue

By Elida Moreno PANAMA CITY, June 21 (Reuters) – The Panama Canal will expand restrictions on the largest ships crossing the waterway, one of

A massive search continues in the remote North Atlantic Wednesday for the missing Titan submersible with five people on board as the clock ticks for any

By Joseph Ax and Steve Gorman June 21 (Reuters) – Rescuers searching for a missing submersible near the wreck of the Titanic on Wednesday concentrated

Trade growth was positive for both goods and services in the first quarter of 2023, according to the UNCTAD’s latest Global Trade Update report. However the

Norwegian energy giant Equinor is doubling the volume of liquified natural gas that it exports out of Cheniere’s Sabine Pass LNG terminal on the U.S. Gulf

By Mike Wackett (The Loadstar) – Shortsea shipping lines in Northern Europe are facing a fight for survival as demand weakens and rates plummet. As in

(Bloomberg) — South Korean exports offered an early sign of improvement in global trade after their first year-on-year gain since last summer.

Danish shipping giant Maersk has announced plans to retrofit one of its existing ships to dual-fuel methanol power capable of operating on green methanol. The

By Steve Gorman and Joseph Ax June 21 (Reuters) – Rescue teams were racing on Wednesday to trace the origin of sounds heard from the depths of the

Gas shipping company Navigator Holdings has signed a non-binding memorandum of understanding with Bumi Armada Berhad, the Malaysian-based offshore oil services

International classification society and risk management firm DNV has announced plans to acquire Helsinki-headquartered cyber security firm Nixu. Under the

After nearly two decades of negotiations, the UN’s 193 Member States have adopted a legally binding marine biodiversity agreement covering two thirds of

By Anthony Di Paola (Bloomberg) — A last tanker that had been waiting in the Mediterranean Sea for nearly three months to load Kurdish crude

June 19 (Reuters) – Russia’s deputy foreign minister said on Monday that even if a deal allowing shipments of Ukrainian grain via the

By Mike Wackett (The Loadstar) – The containership charter market shows no sign of softening as it goes into the usually slack summer season, despite