Deepwater drilling contractor Ocean Rig UDW Inc. (NASDAQ: ORIG) announced today that it has received a 5-well contract for its ultra deepwater drillship Ocean

In a report by Charles R. Weber today, the shipbroker notes that the crude tanker market could be set for another 18 months of poor performance as ship

June 16 (Bloomberg) — Chevron Corp.’s $10 billion Angola LNG plant shipped its first cargo today after an 18-month delay prompted by fires, labor

Paul Soros passed away at his New York City home, his son, Jeffrey Soros,

A 112-foot supply vessel sank on Friday after striking an oil platform in the U.S. Gulf of

Ane Maersk Mc-Kinney Uggla, chairman of the Moller Foundation, had the honour of naming Maersk Line's first Triple-E containership during a naming ceremony

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for the seventh consecutive day Friday to their

Kawasaki Heavy Industries fired Satoshi Hasegawa as president and said it ended talks to merge with Mitsui Engineering & Shipbuilding Co., two months after

Moore Stephens' latest Shipping Confidence Survey produced evidence of increased enthusiasm for new investment, although doubts persisted about the

Dry bulk shipping company, Golden Ocean Group Limited, has exercised options for three new 64,000 dwt Supramax bulk

Nicaraguan lawmakers granted a 50-year concession to a Chinese company on Thursday for it to design, build and manage a shipping channel across the Central

Nicaraguan Assembly OKs $40 billion canal to rival

U.S. flag climbs makes it back onto the Paris MoU "White List".

DNV has become the first class society to achieve the status of an Independent Laboratory (IL) for the evaluation, inspection, and testing of ballast water

Kawasaki Heavy Industries Ltd., Japan’s second-biggest heavy-equipment maker, removed Satoshi Hasegawa as president as it ended merger talks with Mitsui

A fire broke out aboard the nuclear-powered aircraft carrier USS Nimitz while underway in the Indian Ocean on June 7, the U.S. Navy said

Singapore, 3569 nm from the Gulf of Aden, is at the heart of counter

With a storage capacity of 2.3 million barrels, the FPSO is believed to be the largest ever built.

A.P. Moller-Maersk will pay about $100 million less than predicted for 20 mega-size container vessels ordered from Korea's Daewoo Shipbuilding & Marine

Five people now under investigation for the May 7 incident at the Port of