Ocean Rig’s ultra deepwater drillship OCEAN RIG OLYMPIA Nicosia, Cyprus – Ocean Rig UDW Inc. (NASDAQ:ORIG) a global deepwater drilling contractor,

Details of Thursday’s hijacking in the Arabian Sea of the MT Smyrni are starting to trickle in, including information about the vessel and its crew. 

The KPI Bridge Oil Composite declined over 3% this week as bunker prices reduced dramatically after several days of declines in the crude markets.  With US

PARIS (Dow Jones)–Total SA (TOT) Friday said it has everything ready to “kill” a leaking gas well in the North Sea. “We could carry

COPENHAGEN (Dow Jones)–The port-operating arm of Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), APM Terminals, will invest over

(Dow Jones) Standard & Poor’s Ratings Services lowered its rating outlook on Navios Maritime Acquisition Corp. (NNA) to negative from stable,

SANTIAGO -(Dow Jones)- Chilean shipper Compania Sudamericana de Vapores SA‘s (VAPORES.SN) first-quarter loss widened to $205 million compared with a

LONDON -(Dow Jones)- The U.K.’s main offshore workers’ union has called for all helicopters operated by Bond Aviation to be grounded pending an

(Dow Jones) McDermott International Inc.’s (MDR) first-quarter profit slid 11% due to lower activity in the Asia Pacific region, though cost controls

Families of the two victims killed in the 2010 Philadelphia Duck Boat collision will split a $15 million settlement paid for by the companies involved in the

MAY 10 A Liberian-flagged tanker has reportedly been hijacked today off the coast of Oman in the same general area of a violent but failed attack by a pirate

International environmental regulations for the shipping industry are being tightened and demanding a reduction of the emissions of sulphur and nitrous oxide.

Diamond Offshore Drilling, Inc. (NYSE:DO) said Thursday that it has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of

LONDON -(Dow Jones)- Commodities titan Glencore International AG(GLE.LN) Wednesday reported mixed first quarter output across commodity products and said its

In the face of extraordinary challenges faced by the global shipping industry, Norwegian maritime conglomerate, Wilh. Wilhelmsen Holding ASA (WWI.OS),

The private security firm who had a video go viral of one of their shipboard teams defending themselves against an approaching pirate skiff has been

An estimated 155 American maritime industry representatives from throughout the country are gathering today in Washington, D.C. for the third-annual

HOUSTON (Dow Jones)–ConocoPhillips (COP) Chief Executive Ryan Lance said that the company stopped investing in its dry natural-gas production in North

Here’s how the Costa Concordia wreck removal will likely NOT happen, but they definitely show us some interesting insight into ship salvage. We talked

The head of Huntington Ingalls Industries Inc. (HII) said Wednesday that a new round of enforced Pentagon budget cuts could thin the shipbuilder’s