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World 28 Jul 2021 | 2:24 PM

World faces shortage of merchant sailors to crew ships -study

LONDON (Reuters) - There could be a shortage of merchant sailors to crew commercial ships in five years if action is not taken to boost numbers, raising risks for global supply chains, a report said on Wednesday.

World 23 Jul 2019 | 1:58 AM Premium

Ships urged to alert navies before sailing through Strait of Hormuz

LONDON (Reuters) - Shipping associations have called on ship owners to inform Britain's navy of their movements before sailing into the Middle East Gulf and Strait of Hormuz because of the escalating international crisis in the region.

Business 15 Jun 2019 | 12:00 AM Premium

Oil tanker insurance costs to jump after Gulf attacks

LONDON: Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the latest round of attacks on vessels.

Corporate News 21 Dec 2017 | 9:02 AM Premium

Second-hand ship sales reach 10-year high

SINGAPORE: Sales of second-hand ships reached a 10-year high on cautious optimism that one of the shipping industry's worst ever downturns is nearing an end.

Corporate News 14 Sep 2016 | 5:39 AM Premium

Three ships chartered to troubled Hanjin Shipping sold

SHANGHAI: Three ships chartered to Hanjin Shipping Co Ltd have been sold, the first of dozens of vessels expected to be hawked following the failure of the world's seventh largest container shipper.

World 03 May 2016 | 11:35 PM Premium

West Africa pirates switch to kidnapping crew as oil fetches less

LONDON (Reuters) - Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable, shipping officials said on Tuesday.