(Corrects Feb. 20 story to remove incorrect reference to sale of loans by Varde and Oakhill) By Jonathan Saul and Maiya Keidan LONDON (Reuters) – A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking... More »
LONDON (Reuters) – The shipping industry has long been criticized by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. Now, it is being called to account from a quarter that may have a bit more clo... More »
LONDON (Reuters) – Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry. Hedge funds made initial forays into shipping stocks in the third quarte... More »
FILE PHOTO – An employee walks between front-end loaders which are used to move coal imported from North Korea at Dandong port in the Chinese border city of Dandong, Liaoning province December 7, 2010. REUTERS/Stringer/File Photo PARIS/LONDON/MOSCOW (Reuters) ... More »
FILE PHOTO: The company logo of China Oil and Foodstuffs Corporation (COFCO) is seen at its headquarters in Beijing, China, November 3, 2016. REUTERS/Thomas Peter/File Photo LONDON/PARIS/BEIJING (Reuters) – China’s COFCO International is in the throes of a sta... More »
The risk of cyber attacks targeting ships' satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. More »
June 30, 2017 – A general view shows The Rhine Tower (Rheinturm) on the Rhine river in Duesseldorf. Water on the Rhine and Danube in Germany remains shallow and cargo vessels cannot sail fully loaded, traders said on Monday. More »
A South Korean health official disinfects a vehicle to prevent spread of bird flu in Pohang, South Korea, December 19, 2016. Choi Chang-ho/News1 via REUTERS South Korea is extending a scheme to subsidize up to half the cost of importing eggs by sea for another... More »
A glut of idled river barges is clogging Mississippi River shorelines from St. Louis to New Orleans, leaving U.S. barge companies that haul grain, coal and other bulk goods counting their losses. More »
A Hanjin Shipping Co ship is seen stranded outside the Port of Long Beach, California, September 8, 2016. REUTERS/Lucy Nicholson/File Photo All Hanjin Shipping Co Ltd (117930.KS) chartered vessels that have completed unloading their cargo have been told to can... More »
SINGAPORE Six crew members are still missing after a general cargo freighter sank in the Singapore Strait following a collision with a chemical tanker at 8:14 p.m. (7.14 a.m. ET) on Dec. 16. The 10,385 deadweight tonne (dwt) cargo freighter Thorco Cloud, opera... More »
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