Oil Rallies as U.S. Crude Build Seen Slowing
By Olivia Raimonde (Bloomberg) — Oil rallied for a fourth day as the pace of stockpile builds at the key U.S. storage hub slowed last week. Futures rose
By Olivia Raimonde (Bloomberg) — Oil rallied for a fourth day as the pace of stockpile builds at the key U.S. storage hub slowed last week. Futures rose
Pirates have reportedly kidnapped 10 crew from a product tanker of the coast of Nigeria, Dryad Global has reported. The incident took place April 30 around
Cargo failure (i.e. liquefaction) and delays in casualty investigation reporting continue to be a major safety concern for dry bulk shipping, INTERCARGO said
By Javier Blas (Bloomberg) — Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major U.S. refiner Valero Energy
A newbuild offshore installation vessel due for delivery later this month suffered a major accident over the weekend when its crane collapsed during
May 4 (Reuters) – Carnival Corp said on Monday it planned to restart some of its cruise trips from North America in August as it tries to recover from
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By Anna Shiryaevskaya (Bloomberg) — As economic lockdowns complicate efforts to bring electricity to every corner of the planet, one company is putting
A Maersk Line containership suffered an engine room fire that left the ship adrift in the Caribbean Sea off the coast of Guadeloupe. The 1,800-TEU Maersk
By Chester Dawson (Bloomberg) — The length of almost two football fields, the cargo ship Jupiter Spirit arrived in Los Angeles’ harbor on April 24
U.S.-flag ro-ro carrier ARC has been awarded a major contract to provide global relocation services for the Department of Defense and U.S. Coast Guard. The
By Firat Kayakiran (Bloomberg) — Oil tanker rates are crashing as a pact to limit global crude production begins. Don’t bet on the rout enduring. From
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The U.S. Navy has awarded Marinette Marine Corporation with the detail design and construction contract for up to 10 Guided Missile Frigates. The initial
By Ira Breskin – Liquid Natural Gas carriers are addressing a less volatile short-term charter market than that experienced by crude carriers, “sister
The USNS Comfort has departed New York City after supporting Department of Defense’s COVID-19 response efforts to New York and New Jersey residents during
Ships in ports across the world will sound their horns on Friday in solidarity and to protest government travel restrictions which have kept seafarers at sea
By Jonathan Levin (Bloomberg) — Norwegian Cruise Line Holdings Ltd. is furloughing about 20% of its workforce through the end of July after the
By Francesco Guarascio BRUSSELS, April 30 (Reuters) – Latin American drug lords have sent bumper shipments of cocaine to Europe in recent weeks,
The Panama Canal Authority has announced a temporary changes to its reservation system to help customers affected during the COVID-19 pandemic. Starting
By Stephen Cunningham and Robert Tuttle (Bloomberg) — A fleet of supertankers carrying Saudi oil will add to the growing congestion at U.S. ports in
By K. Oanh Ha (Bloomberg) — After two passengers on their luxury cruise tested positive for Covid-19 in March, Emilio and Barbara Hernandez were so
The guided-missile destroyer USS Kidd (DDG 100) arrived in San Diego on Tuesday to treat sailors after a COVID-19 outbreak on board. The USS Kidd was at sea
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WASHINGTON, April 29 (Reuters) – The U.S. Navy on Wednesday said that it would carry out a broader review into the spread of the coronavirus
By Jeremy Hodges and Anna Shiryaevskaya (Bloomberg) — European utilities with bulging renewable energy portfolios are showing that the way out of the
LONDON, April 29 (Reuters) – U.S. buyers of Saudi Arabian crude oil cancelled at least seven April-loading tankers after a jump in freight costs, two
The operator of a Branson, Missouri duck boat failed to heed a severe thunderstorm warning before the fatal sinking of the Stretch Duck 7 during severe weather
By Mike Jeffers (Bloomberg) — Oil fell after the biggest oil ETF said it would sell out of its June WTI futures position as physical oil storage levels
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