Shipping Industry News

Russia’s oil shipments nudged down for a third week, but remain comfortably within the range seen so far this year. Threats of additional tariffs are having little immediate impact on flows ahead of a Friday meeting between US President Donald Trump and his Russian counterpart Vladimir Putin.

The U.S. Coast Guard officially commissioned the USCGC Storis (WAGB 21) in Juneau, Alaska on August 10, marking a significant addition to America’s icebreaker fleet amid growing Russian and Chinese...

Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump's hostility to wind power.

State-owned Shipping Corp. of India, the country’s largest shipping line, is working on a plan to purchase 26 India-made ships for 198.2 billion rupees ($2.3 billion) as part of a government initiative to boost the domestic shipbuilding industry, according to people familiar with the matter.

Shorting the stock of the world’s largest listed shipping company during a global trade war may seem like a sure bet. But the investors who’ve loaded up on the trade since April have so far only been handed big losses.

The U.S. Coast Guard is monitoring a passenger vessel that ran aground near Kewalo Basin in Honolulu. The Discovery, a 75-foot vessel operating as a shuttle for Atlantis Adventures, is...

A Chinese navy vessel collided with one of its own coast guard ships while pursuing a Philippine patrol boat in the South China Sea on Monday, according to Manila officials...

Less than eight months after acquiring the icebreaking anchor handling tug supply vessel (AHTS) Aiviq from an Edison Chouest Offshore subsidiary for $125m the U.S. Coast Guard commissioned the newly refurbished vessel as icebreaker Storis.

Russia continues to push the safety envelope for oil shipments via the Arctic. A 19-year old sanctioned Suezmax tanker, Latur, loaded with Russian crude oil has entered the country’s Northern Sea Route. The Comoros-flagged tanker left Murmansk on August 6 and is currently displaying China as its destination with a September 6 arrival.

Finland's national prosecutor's office said on Monday it had brought charges against the captain and first and second officers of the Eagle S oil tanker over the cutting of undersea cables in the Gulf of Finland in December.

Russia continues to push the safety envelope for oil shipments via the Arctic. A 19-year old sanctioned Suezmax tanker, Latur, loaded with Russian crude oil has entered the country’s Northern Sea Route. The Comoros-flagged tanker left Murmansk on August 6 and is currently displaying China as its destination with a September 6 arrival.

By William Wilkes (Bloomberg) –Thyssenkrupp AG is moving to cut loose its warship unit, hoping to ride a surge in European defense spending while stepping back from a business that has...