Vantage Drilling (NYSE: VTG) said Tuesday that the company has invested $31 million in a new joint venture established for the purpose of constructing a new,

Either that or these guys are just very well-dressed, and very tiny shipyard workers.

LONDON–BP PLC‘s (BP.LN) $4.5 billion settlement with the U.S. Department of Justice and the Securities and Exchange Commission over criminal

Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today reported a net income of

Smit Lamnalco said Tuesday the company has renewed its marine support services contract with Shell in the African republic of Gabon, in a deal that has

Louisiana-based Otto Candies said this week that it will be working with Norway’s Marin Teknikk on a new subsea support and construction vessel (SSCV) to

HONG KONG–China Shipping Container Lines Co. (2866.HK), or CSCL, plans to sell a fifth of its shipping containers for US$358.6 million to raise cash and

APM Terminals and its consortium partners announced today their plans to carve out a huge new shipping port and Free Trade Zone from the Nigerian coastline at

Maersk’s movement away from the shipping business continued ahead today with the sale of their entire Handygas tanker fleet to Navigator Gas.

(Bloomberg) — China is using the most supertankers in five months to meet record demand for oil imports, diminishing a glut of shipping capacity and

A video surfaced Monday showing Friday morning’s explosion on board a production platform located just off the Louisiana coast in the US Gulf of

By Anna Miars, Unlike the samba beats that punctuate the late night air in Rio de Janeiro, it’s the clamor of construction equipment and hum of machinery

The U.S. Coast Guard on Monday said that it will be part of the Italian-led investigation into the fatal grounding of the Costa Concordia off the coast of

(Bloomberg) — Bob Dudley shrank BP Plc to save it. The onetime Mississippian and current chief executive officer has sold more than $50 billion of assets

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. said a new offshore-energy equipment unit may generate 50 percent of its orders over

LONDON–Nigeria’s navy arrested two ships last week as it carried out a major naval exercise in an effort to tackle rising incidents of oil theft

The U.S. Chemical Safety Board issued a subpoena to the owner of the oil and gas platform that exploded last week, the government agency said Monday. The

International Shipholding Corporation (NYSE: ISH) announced last week that in light of current market conditions, it has decided not to proceed with its

The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) announced late last week that BP and Shell were the successful bidders for exploration licenses

(Bloomberg) — Maersk Line, the world’s biggest operator of container ships, expects rates to rise on trans-Pacific routes next month because of an