Shipping Industry News

Atlantic Shores Offshore Wind has terminated its 1.5-gigawatt offshore wind project in New Jersey, marking a significant setback for the U.S. offshore wind industry amid mounting federal opposition. The project,...

Australian shipbuilder Austal Limited (ASX: ASB) has challenged South Korean defense giant Hanwha Group’s announcement regarding U.S. regulatory approval for increased ownership, creating uncertainty around the potential acquisition. In a...

A Chinese aircraft carrier made one of its deepest forays into the Pacific Ocean over the weekend as Beijing continues to project its military power further from its shores. The Liaoning and three other Chinese naval vessels were seen on Saturday around 300 kilometers (some 185 miles) southwest of the remote, uninhabited Japanese island of Minamitori, according to a statement from Japan’s Joint Chief of Staff.

Four Mexican fishermen have pleaded guilty to illegally harvesting red snapper from U.S. waters, marking a significant shift in enforcement policy for marine resource protection. The crew, consisting of Jose...

A major fire continues to rage aboard the Singapore-registered containership Wan Hai 503 off the coast of India, with four crew members still missing and search efforts intensifying. The vessel...

The sale of two ports near the Panama Canal to a global consortium led by Mediterranean Shipping Company (MSC) threatens the canal's principle of neutrality, the canal's head Ricaurte Vasquez told the Financial Times.

US oil production is poised to rise this year and next as President Donald Trump pushes for more drilling. But as crude prices tumble, most of the growth will come from a surprising source: the Gulf of Mexico.

The European Commission has proposed an 18th package of sanctions against Russia for its invasion of Ukraine, aimed at Moscow's energy revenues, its banks and its military industry, European Commission President Ursula von der Leyen said on Tuesday.

INTERCARGO’s latest casualty report reveals a significant improvement in bulk carrier safety over the past decade, though emerging security threats in the Red Sea region have introduced new challenges to...

Russia’s newest ice-capable oil tanker, Valentin Pikul, has reached the Vostok Oil project, under construction in the high Arctic, for the first time. The trip through hundreds of nautical miles of sea ice likely functions as the vessel’s ice trials.

A Chinese aircraft carrier made one of its deepest forays into the Pacific Ocean over the weekend as Beijing continues to project its military power further from its shores. The Liaoning and three other Chinese naval vessels were seen on Saturday around 300 kilometers (some 185 miles) southwest of the remote, uninhabited Japanese island of Minamitori, according to a statement from Japan’s Joint Chief of Staff.

The Coast Guard continues to respond to a vessel fire aboard the car carrier Morning Midas, located approximately 220 miles south of Adak, Alaska, as the first salvage vessel arrives...