What has been a bad year fort the shipping industry has been better for shipping magnate John Fredriksen. As seaborne shipping collapsed last year, so did

Lloyd’s Register announced today that it has acquired Houston-based WEST Engineering Services in a move that secures the group’s position as a

Cuts in manning levels and burgeoning paperwork loads are increasing the risk of maritime accidents worldwide, says a group of U.S. maritime unions. At a time

An Australian billionaire has announced his plans to build the Titanic II, a modern-day replica of the ill-fated liner that sank over 100 years ago. Clive

HOUSTON (Dow Jones)–After deep self-examination following the April 2010 Deepwater Horizon oil spill, BP PLC (BP, BP.LN) decided not to leave the Gulf of

Norway’s Petroleum Safety Authority (PSA) has issued an order to Transocean Inc. to improve maintenance oversight after the authority carried out an

ConocoPhillips announced Monday that, through its affiliate ConocoPhillips China Inc. (COPC) and the China National Offshore Oil Corp. (CNOOC), it has reached

LONDON (Dow Jones)–Two cargoes of Nigerian Usan crude have been delayed from May to June, traders told Dow Jones Newswires Monday. The Total

DOF announced today that they have signed a NOK 225 million contract with Apache Energy Limited for the use of the anchor handling tug supply vessel, Skandi

Norwegian shipowner, Eidesvik, has entered into sales agreements of USD $64 million for the two supply vessels Viking Surf (built 2002) and Viking Thaumas

Hamilton, Bermuda – Seadrill continues to see strong demand for modern ultra-deepwater drilling rigs driven by high oil prices and large deep-water

The Arctic has large oil and gas resources and operations in this sensitive and harsh area will require efficient oil-spill preparedness solutions. “The

Bunker and crude prices stabilized this week as better than expected earnings and moderately improving government data had speculators holding their ground. 

By Hyundai Heavy Industries As the fuel consumption efficiency of a ship is becoming a primary concern for shipowners, the length of the hull and the operating

Given the current price of low sulfur diesel, the enormous global emphasis on reducing the carbon footprint of our industry, and the fact the price of natural

  SHANGHAI (Dow Jones)–China Cosco Holdings Ltd. (1919.HK) said Thursday that its net loss widened in the first quarter as its dry-bulk shipping

Houston-based offshore drilling contractor, Atwood Oceanics, announced today that one of its subsidiaries has been awarded a drilling services contract by a

Carnival Corporation announced this week that it has joined the MONALISA project. Led by The Swedish Maritime Administration, MONALISA aims to continuously

By Doug Helton, National Oceanic and Atmospheric Administration (NOAA) For the past year, we at NOAA and the U.S. Coast Guard have been studying the possible

USNS Spearhead (JHSV 1), the innovative high-speed catamaran transport ship under construction by shipbuilder Austal in Mobile, Alabama, successfully completed