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Oil Traders Snap Up Tankers in Sign of Second-Wave Contango

Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for months-long charters so that they can be ready to store excess barrels...

Carnival Cruise Line Announces Modifications To Fleet And Sailing Plans For Certain Ships

Carnival Cruise Line announced the sale of Carnival Fascination and Carnival Imagination, which had previously been put on long-term lay-up status and removed from published itineraries. The sale of Carnival Fascination, launched in 1994, and Carnival Imagination, introduced in...

Brazil prosecutors accuse two in alleged Petrobras-Maersk corruption scheme

Brazilian prosecutors pressed charges on Friday against two people for an alleged scheme to obtain confidential market information from Petrobras to benefit A.P. Moller-Maersk, the world’s largest shipping company. The case stems from an investigation that started in 2014 as...

Tropical Storm Sally Strengthens

Tropical Storm Sally strengthened off the west coast of Florida on Sunday and was poised to become a hurricane, bringing the threat of dangerous storm surges and high winds to the U.S. Gulf Coast, the National Hurricane Center (NHC)...

Wallenius Wilhelmsen reports $19 million loss on Q2 volume plunge

Stung by shrinking cargo volumes, roll-on, roll-off (ro-ro) carrier Wallenius Wilhelmsen reported a $19 million operating loss in the second quarter, as revenue fell 24 percent. Although revenue from ocean operations slid...

SAR drone first over North Wales this weekend

The first weekend in August 2020 will mark an important milestone in Search and Rescue as an unmanned aircraft will be flown as safety overwatch for the first time.

Feature-laden VHF radio launched

Vesper Marine, a New Zealand marine electronics manufacturer has announced that its latest hero product, Cortex, has completed certification requirements and is shipping now.

Slipway upgrades add to Thames infrastructure

Cory Riverside Energy has announced the completion of works to rebuild and upgrade two WWII-era slipways at Denton Wharf in Gravesend on the banks of the UK’s River Thames.

U.S. Violated Trade Rules With Tariffs on China, WTO Says

The World Trade Organization undercut the main justification for President Donald Trump’s trade war against China, saying that American tariffs on Chinese goods violate international rules. A panel of three WTO trade experts on Tuesday said the U.S. broke...

Dogger installation contract awarded

Dogger Bank Wind Farm and Jan De Nul Group have announced the signing of the final contract for the transport and installation of the GE Haliade-X offshore wind turbines at Dogger Bank A and B.

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Scrubbers shown to have lower climate impact than low-sulphur fuel

The technology group Wärtsilä, a leading provider of Exhaust Gas Cleaning (EGC) systems for the marine industry, refers its customers to a recent report...

Marine insurance cost to rise

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