SEOUL (Dow Jones)–STX Offshore & Shipbuilding Co. (067250.SE) expects the dollar to average KRW1,100 this year and will continue to hedge 70% of the

OSLO -(Dow Jones)- Norwegian offshore drilling operator Songa Offshore SE (SONG.OS) Friday said it has been awarded a rig contract from Statoil ASA (STO) worth

COPENHAGEN (Dow Jones)–Danish oil and shipping company A.P. Moller-Maersk A/S (MAERSK-B.KO) confirmed Friday that its container shipping arm Maersk Line

Tragic news from Nick Cutmore, Secretary General of the International Maritime Pilots’ Association… We have the sad duty to inform you of the

– By Allan B. Turner, P.Eng., Mechanical Engineer With the pending introduction of EPA Tier 4 and IMO Tier III engine exhaust emission regulations

Statoil and ExxonMobil announced today that the recent discovery of natural gas off the coast of Tanzania has proven to be a rather significant find, further

Recently, two Damen Stan Tugs 2608, the Ibrahim 1 and the Jacques, were shipped from the anchorage of Halong Bay, Haiphong (Vietnam) to Casablanca by the

By CDR Glynn Smith, Coast Guard Compass Thursday, Adm. Bob Papp, 24th Commandant of the Coast Guard, delivered his second State of the Coast Guard address at

by Bart Stockdill, M.A.Sc., P.Eng., Mechanical Engineer Water will boil at room temperature if the pressure is low enough. In fact, the pressure has to be

NEW DELHI -(Dow Jones)- India has asked Saudi Arabia, its largest crude oil supplier, to augment daily shipments by up to 100,000 barrels each year over the

http://www.youtube.com/watch?v=2pjINnTUA-0 CEO Maersk Line, North Asia has a chat with The Economist about sustainability and the environment at the World

Wilhelmsen Ships Service (WSS) has reported  consistent growth and increased market awareness over the last few years for its world-leading portfolio of 

Worldwide Maritime Crime and Piracy Update – week of 16 February 2012 (source: ONI) ARABIAN SEA: Vehicle carrier M/V LEILA reportedly hijacked on 15

SEACOR Marine announced today intentions to purchase 18 liftboats from Superior Energy Services.  The company said in a press statement that it will be

Creditors of General Maritime Corp. (GMRRQ) are accusing the oil tanker operator and “old friend” Oaktree Capital Management LLC of contriving to

Image taken by Second Mate Joseph Hood on board the MV Carat.   MV Carat is a Crowley-managed containership owned by Reederei Gebr. Winter. Image via

(Dow Jones) Teekay Corp.’s (TK) fourth-quarter earnings fell 44% on the impact of derivatives and other items, though the company reported revenue

(Dow Jones) Norwegian supply vessel operator Siem Offshore Inc. (SIOFF.OS) said Thursday that a relatively strong market for supply vessels in the North Sea as

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd.’s (S51.SG) fourth-quarter net profit fell 4.3% mainly because of lower operating profit from rig

SEOUL (Dow Jones)–Hanjin Shipping Co. (117930.SE) will maintain a oil hedging ratio of 30% of bunker fuel purchases this year in order to be less