SINGAPORE–Container shipper Neptune Orient Lines Ltd. (NO3.SG) Thursday said it swung to a net profit in the third quarter mainly because of cost

BP said Thursday that it has capped the abandoned containment dome, or cofferdam, that was identified last week as the source of a recent oil sheen spotted in

While Overseas Shipholding Group Inc. (OSG) has warned it may file for bankruptcy in light of a recently disclosed tax issue, a prominent bankruptcy lawyer

Over the past couple of weeks the U.S. Naval Academy and the U.S. Merchant Marine Academy each released a video parody of the famous PSY video, “Gangnam

Simrad, owned by Navico – the world’s largest marine electronics company – announced this week that its professional-grade autopilot system,

An initial investigation into a helicopter crash in the North Sea earlier this week has found indications that the aircraft’s main gearbox lubrication

(Bloomberg) — For all the embarrassment billionaire Paul Singer caused Argentina by seizing one of its navy ships, the biggest triumph in a decade-long

NATO’s counter piracy flagship, HNLMS ROTTERDAM, was forced to return fire on a pirate dhow while conducting routine surveillance this week in the Gulf

To read more on this bizarre and tragic story from industry experts, please follow along

http://www.youtube.com/watch?v=l9TV4MRr9kU A tugboat working on the Memorial Bridge replacement project on the Piscataqua River in Maine capsized and sank

Hercules Offshore Inc.’s (HERO) third-quarter loss widened sharply as the oil rig company was hit by a large asset impairment charge that overshadowed a

SEOUL–Hyundai Heavy Industries Co. (009540.SE), the world’s largest shipbuilder by sales, on Thursday posted a 35% slump in third-quarter operating

Wärtsilä announced today that they have been awarded the contract to supply integrated power and automation systems for two new icebreakers being built

Rolls-Royce announced today that they have broadened their capability in ship design with the establishment of a new team dedicated to the development of naval

PRESS RELEASE — FURUNO is pleased to announce that the new ECDIS (model names FMD-3200 and FMD-3300) are ready for launch during the autumn 2012. The

(Bloomberg) — Technip SA, the French oil-services provider building the Prelude floating liquefied natural gas vessel for Australian waters, expects such

(Bloomberg) — Europe’s largest container lines are making an attempt to increase Asia-Europe rates to more than break-even levels and restore

Maersk Drilliing’s newbuild drillship, Deepwater Advanced 2, will head to the U.S. Gulf of Mexico upon completion in 2014 after being secured in a three

General DynamicsNASSCO on Wednesday delivered the USNS Cesar Chavez (T-AKE 14) to the U.S. Navy, marking the completion of a highly successful U.S.

(Bloomberg) — Shipping rates for hauling iron ore, which fell today after more than doubling this month, may extend declines as competition intensifies