(Bloomberg) — Petroleo Brasileiro SA, the world’s largest deep-water oil driller, is becoming less profitable as costs rise faster than sales

DOF’s subsidiary, Norskan, has agreed a contract renewal for the vessel Skandi Yare with Petrobras. The new contract will start in November and has a

(Bloomberg) — Iron-ore exports from Sierra Leone may be unsafe because the moisture content of the steel-making commodity is too high, creating the risk

While every other ship off the east coast of the United States steaming eastward trying to get the hell out of the way of Hurricane Sandy, the MOL Paramount,

As Hurricane Sandy moves up America’s northeast coast, most ships are now operating under the direction of shipping company emergency response plans and

The superyacht Steve Jobs was designing up until his death just over a year ago was unveiled on Sunday at a shipyard in the Netherlands. The Dutch Apple blog,

Captain Stephen Kearney, a 20-year fisherman and another man were off the coast of Ireland when their fishing boat Snowdonia began taking on water. “We

(Bloomberg) — Hurricane Sandy was barreling northward along the U.S. East Coast as forecasters warned it would converge with two other systems to create

(Bloomberg) — The superstorm expected to develop from Hurricane Sandy is moving northward toward the U.S. Atlantic coast and may bring high winds and

Daina Shipping, owner of the stricken M/V Rena containership, was fined $300,000 today in a Tauranga District Court after pleading guilty to a charge under the

The Rescue Coordination Centre in Northern Norway on Thursday was forced to coordinated the dramatic rescue of 14 mariners who ran into trouble during a storm

(Bloomberg) — The trial over liability for BP Plc’s 2010 Gulf of Mexico oil spill was postponed to Feb. 25 so the lawyers won’t lose their

Crowley Maritime Corp. on Thursday christened the first two of four tugboats in the ocean class series, Ocean Wave and Ocean Wind, during a ceremony in New

(Bloomberg) — Billionaire Eike Batista is pledging as much as $2 billion to shore up the finances of his oil and shipbuilding companies after drilling

Royal Caribbean (RCL) hopes to order a new Oasis-type ship–at 5,400 berths, they’re the biggest cruise vessels in the world–by year’s

Rolls-Royce, the global power systems company, says it has formed a new team dedicated to the development of naval ship designs in order to meet the growing

By Will Davies Ferrari said its Formula One cars will carry the flag of the Italian Navy at the Indian Grand Prix this weekend in solidarity with two Italian

(Bloomberg) — Rates for oil tankers in the Baltic and North Seas may jump this winter on forecasts for harsher weather, increasing demand for Aframax

MAN Diesel & Turbo, together with HHI-EMD, the engine and machinery division of Hyundai Heavy Industries, has presented the first IMO Tier III-compliant

On 15 October, Captain Miro Vuletic and his crew on board the NYK-owned LNG carrier Lusail was integral in the rescue of two Sri Lankan fishermen in