Shipping Industry News

The White House announced Wednesday that Japan has agreed to a $550 billion package of U.S.-bound investment and loans as part of a new trade deal with the United States....

People in a wooden boat opened fire on a Comoros-flagged livestock carrier in the Red Sea near Yemen on Thursday, and the vessel was detained by the Yemeni Coast Guard, according to the United Kingdom Maritime Trade Operations (UKMTO).

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has launched the Acadia at Hanwha Philly Shipyard, marking a significant milestone in the U.S. offshore wind and maritime industry. The vessel...

European shipyards continue to play a fundamental role in keeping Russia’s fleet of liquefied natural gas carriers in service. As summer maintenance season begins the first Arc7 ice-class gas carriers in service of the Yamal LNG project have arrived at the Fayard A/S shipyard in Odense, Denmark.

Iran warned a U.S. destroyer on Wednesday to change course after it approached waters being monitored by the Islamic Republic, leading the U.S. ship to turn away, Iranian state media reported. The U.S. Navy and U.S. Central Command, which overseas U.S. forces in the Middle East, had no immediate comment on the report.

Iran warned a U.S. destroyer on Wednesday to change course after it approached waters being monitored by the Islamic Republic, leading the U.S. ship to turn away, Iranian state media reported. The U.S. Navy and U.S. Central Command, which overseas U.S. forces in the Middle East, had no immediate comment on the report.

Russia’s gas output declined in the first half of the year as higher exports to China and increased domestic demand failed to make up for lost flows to Europe via Ukraine.The nation produced 334.8 billion of natural and associated gas through June, down 3.2% from the same period a year ago, according to Bloomberg calculations based on industrial output data from the nation’s Federal Statistics Service. Russia’s energy giant Gazprom PJSC accounts for nearly two thirds of Russia’s gas output.

Russia on Wednesday began major navy drills involving more than 150 vessels and 15,000 military personnel in the Pacific and Arctic oceans and in the Baltic and Caspian seas, the defense ministry said.

At least four ships carrying copper are trying to reach US ports before August to get ahead of planned import tariffs on the metal. The shipments represent the final scramble by merchants to cash in on a lucrative arbitrage trade that has upended the global copper market since US President Donald Trump first floated the idea of copper tariffs.

The global dry bulk fleet is expanding at only half the pace seen during the 2010s, despite forecasts showing bulker deliveries reaching a six-year high by 2026, according to BIMCO’s...

DNV has awarded a General Approval for Ship Application (GASA) certificate to a consortium comprising Mitsui O.S.K. Lines, MISC Berhad, PETRONAS CCS Ventures, and Shanghai Merchant Ship Design and Research...

Italian logistics provider Grimaldi Group celebrated the naming ceremony of the Grande Shanghai in Haimen, China today. With a capacity of 9,000 CEU (Car Equivalent Units), the vessel is the first of...