China and U.S. Navy Clash Over Guided Missile Destroyer in South China Sea

BEIJING, March 24 (Reuters) – China’s defense ministry said on Friday that it yet again had to monitor and drive away the U.S. Navy destroyer USS Milius that entered its territorial waters in the…

BEIJING, March 24 (Reuters) – China’s defense ministry said on Friday that it yet again had to monitor and drive away the U.S. Navy destroyer USS Milius that entered its territorial waters in the...

Baltic Dry Index Marks First Weekly Decline in Five

March 24 (Reuters) – The Baltic Exchange’s main sea freight index edged higher on Friday on stronger demand in the larger capesize vessel segment, although it marked its first weekly decline in five….

March 24 (Reuters) – The Baltic Exchange’s main sea freight index edged higher on Friday on stronger demand in the larger capesize vessel segment, although it marked its first weekly decline in five....

Maersk and Shanghai Port Group Forge Green Fuel Partnership

Danish shipping giant A.P. Moller-Maersk (Maersk) and Shanghai International Port Group (SIPG) have announced a strategic partnership for the Shanghai Port methanol marine fuel project. The agreement sees the two…

Danish shipping giant A.P. Moller-Maersk (Maersk) and Shanghai International Port Group (SIPG) have announced a strategic partnership for the Shanghai Port methanol marine fuel project. The agreement sees the two...

Ministers Seek to Combat Organized Crime in Global Fisheries

By Louise Rasmussen COPENHAGEN, March 23 (Reuters) – Organised crime in the fisheries industry that endangers stocks, exploits labour and robs states of billions of dollars must be fought with cross-border surveillance…

By Louise Rasmussen COPENHAGEN, March 23 (Reuters) – Organised crime in the fisheries industry that endangers stocks, exploits labour and robs states of billions of dollars must be fought with cross-border surveillance...

‘Shadow’ Tanker Fleet Raises Risk of Accidents

By Jonathan Saul LONDON, March 23 (Reuters) – An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is…

By Jonathan Saul LONDON, March 23 (Reuters) – An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is...

UBS Likely to Shrink Credit Suisse’s $10 Billion Shipping Portfolio -Report

March 22 (Reuters) – UBS Group AG will likely shrink Credit Suisse Group’s $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday, the Wall Street Journal reported on Wednesday. UBS…

March 22 (Reuters) – UBS Group AG will likely shrink Credit Suisse Group’s $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday, the Wall Street Journal reported on Wednesday. UBS...

Union Worker Strike Closes Germany’s Hamburg Port to Large Ships

BERLIN, March 22 (Reuters) – The Hamburg Port Authority (HPA) has closed the port to large ships because of a strike announced by the Verdi union over wages, it said on Wednesday….

BERLIN, March 22 (Reuters) – The Hamburg Port Authority (HPA) has closed the port to large ships because of a strike announced by the Verdi union over wages, it said on Wednesday....

25 Injured as Research Vessel Tips Over in Dry Dock

Research vessel formerly owned by Microsoft co-founder and philanthropist Paul Allen tips over in dry dock, injuring 25. LONDON, March 22 (Reuters) – Twenty-five people were injured when a ship came off its holding…

Research vessel formerly owned by Microsoft co-founder and philanthropist Paul Allen tips over in dry dock, injuring 25. LONDON, March 22 (Reuters) – Twenty-five people were injured when a ship came off its holding...

Record U.S. Crude Flows to Europe and China

By Arathy Somasekhar HOUSTON, March 20 (Reuters) – U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide discounts…

By Arathy Somasekhar HOUSTON, March 20 (Reuters) – U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide discounts...

Philippines Finds Leaking Tanker After Three-Week Search

MANILA, March 21 (Reuters) – A leaking fuel tanker that sank off the central Philippines three weeks ago has been found using an underwater robot from Japan, a provincial governor said on…

MANILA, March 21 (Reuters) – A leaking fuel tanker that sank off the central Philippines three weeks ago has been found using an underwater robot from Japan, a provincial governor said on...