SINGAPORE (Dow Jones)–Yangzijiang Shipbuilding Holdings Ltd. (YSHLF, 911609.TW, BS6.SG) posted a 24% rise in its fourth quarter net profit, capping a

19 days from today, maritime industry professionals from around North America, and in fact the world, will be converging on Stamford, Connecticut for one of

In October 2011, Teekay agreed to acquire the Maersk LNG fleet as part of a joint venture with Japan’s Marubeni Corporation.  To finance this $1.4

A brazen pirate attack offshore Nigeria has resulted in the kidnapping of the vessel’s Master and Chief Engineer, one injury, and one missing person,

The latest update from the South Pacific Ocean where the Volvo Ocean Race is racing hard and fast at around 20 knots of boatspeed.  3000 miles to go until

COPENHAGEN (Dow Jones)–Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) said Wednesday it has appointed Robert Maersk Uggla as the new

– By Lauga Oskarsdottir, MTS Logistics It can be extremely frustrating when your shipment does not arrive on time. Estimated transit time is meant to be

AET – one of the world’s largest tanker owner-operators and provider of lightering support services in the US Gulf – will take delivery of

After what must have been a rather miserable 2-month delivery from China, Argentinian towage and harbor company Remolcadores Unidos Argentinos (RUA) has just

The Master and Second Officer of the cargo vessel Rena today pleaded guilty to 10 out of the 11 charges laid by Maritime New Zealand (MNZ) against the men

(Dow Jones) Seadrill Ltd. (SDRL, SDRL.OS) swung to a fourth-quarter loss as the offshore-drilling contractor booked a hefty impairment charge. However, the

RIO DE JANEIRO (Dow Jones)–A federal judge in Brazil denied an injunction to suspend the local operations of U.S. oil major Chevron Corp. (CVX) and rig

Wärtsilä said today that it has signed a ten year extension to a license agreement with Hyundai Heavy Industries’ Engine and Machinery Division to

– By Feray Yuksekbas Kavas, Sales Executive, MTS Logistics What if I told you that there is a great option to travel other than flying, for those of

  Here, the Military Sealift Command-chartered cargo ship MV Green Wave is in the process of offloading more than 6.8 million pounds of vital supplies,

A fire on board a Russian oil tanker claimed the life of at least one crewmember in the Caspian Sea on Tuesday. Russian news agency RIA Novosti, citing a

Two tugs have joined the Costa Allegra and will help tow the broken down cruise ship to the Island of Mahe, Seychelles, the cruise ship owner, Costa Crociere,

By Jan Møller Hansen Ship breaking in Bangladesh started back in 1960 when the Bay of Bengal was struck by a cyclone, which left a giant cargo ship beached

SEOUL (Dow Jones)–Hyundai Merchant Marine Co. (011220.SE), South Korea’s second-largest shipping firm by sales, expects the U.S. dollar to weaken

(Dow Jones) Rowan Cos.’s (RDC) fourth-quarter earnings fell 21% as the offshore drilling company reported lower contributions from discontinued