Shipping

The U.S. Coast Guard has declared the loss of the Titan submersible a major marine casualty and will lead a formal investigation into the incident,

Japanese shipping company Mitsui O.S.K. Lines (MOL) and Chevron have signed a memorandum of understanding (MOU) for a strategic alliance aimed at reducing the

By Kate Abnett and Jonathan Saul BRUSSELS/LONDON, June 23 (Reuters) – Maritime nations including Denmark and the Marshall Islands are rallying

NEW YORK, June 23 (Reuters) – U.S. liquefied natural gas (LNG) developers are on track to approve three export projects capable of processing

By Mike Wackett (The Loadstar) – Maritime analysts are bearish on the outlook for liner shipping, as inventory de-stocking progress in the US and Europe

A unit of Norwegian fertilizer producer Yara has signed a Memorandum of Understanding with Bunker Holding Group, leading bunker trading company, to advance the

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