Update: The storm “bombed out” at 930mb on Saturday. For reference Hurricane Sandy was measured at 940 millibars. Update: A 1003mb low off the

A dive survey to conduct an external visual assessment of the MV Rena’s sunken stern section and its cargo has been completed, salvors of the stricken

By Kristin Jones Noble Corp.’s (NE) fourth-quarter earnings were roughly flat from a year earlier as the offshore-oil driller’s higher revenue

By Mikael Holter and Isaac Arnsdorf Jan. 25 (Bloomberg) — The market for oil and fuel tankers will be the first to recover from a glut in the shipping

By Kyunghee Park Keppel Corp., the world’s largest oil-rig maker, said there are opportunities to buy companies even as the entry of Chinese shipyards

By Inti Landauro PARIS–Lutz Bertling, the chief executive of Eurocopter, the world’s largest helicopter manufacturer, expects its EC225 aircraft,

By Jeanne M. Grasso & Jonathan K. Waldron All was relatively tranquil offshore in 2011–2012 with respect to Jones Act issues. Activities offshore had

Mohamed Abdi Hassan (aka Afweyne), the ex-Somali pirate Kingpin once referred to by the United Nations as “one of the most notorious and influential

SHANGHAI–Many in the shipping industry see a sluggish year ahead for Chinese exports, a cornerstone of the world’s No. 2 economy, despite other

New York-listed Seaspan Corporation (NYSE: SSW) announced Wednesday that it has signed contracts for the construction of four fuel efficient 10,000 TEU

Jan. 23 (Bloomberg) — Earnings for the largest oil tankers plying the industry’s busiest trade route plunged 76 percent, nearing a reversion to

The European Commission has approved an initiative that gives Finnish ship owners an incentive to build and convert existing ships to the use cleaner burning

Italian shipbuilding group Fincantieri on Wednesday said that it has successfully completed its previously announced purchase of a controlling stake in STX OSV

By Rob Sheridan Charter rates for Capesize ships, the biggest iron-ore carriers, fell for a second day as a storm forced ports to close in Australia,

In a boost for biofuels in marine applications, the Canadian government has announced that it is exploring the potential to use biofuels for its Navy. In a

TOKYO – Mitsubishi Heavy Industries, Ltd. (MHI), working jointly with Mitsui O.S.K. Lines, Ltd. (MOL), has developed installation technology of a ballast

By Frances Robinson BRUSSELS–The European Commission has opened an in-depth investigation to verify whether numerous public support measures granted by

The Clipper Stad Amsterdam, jointly owned by the city of Amsterdam and HR agency Randstad, has been plying the world’s oceans continuously since her

HOUSTON – Atwood Oceanics, Inc. (NYSE: ATW) announced today that one of its subsidiaries has been awarded a two-year drilling services contract by

By Saabira Chaudhuri Chevron Corp. (CVX) has signed petroleum agreements related to three offshore areas in Morocco, a push to expand its footprint in frontier