Maersk Line Profit Rises as Cost Cuts Counter Rate Decline
A.P. Moeller-Maersk A/S’s container- shipping line, the world’s largest, reported an 11 percent increase in third-quarter profit after cost cuts
A.P. Moeller-Maersk A/S’s container- shipping line, the world’s largest, reported an 11 percent increase in third-quarter profit after cost cuts
A Spanish court on Wednesday found the crew and the government not guilty of criminal responsibility in the 2002 sinking of the Prestige oil tanker, Spain's
By Jonathan Saul and Matt Scuffham LONDON, Nov 13 (Reuters) – Lloyds Banking Group has sold a $500 million-plus portfolio of shipping loans to cut its
Nigerian pirates have released two U.S. sailors kidnapped from an oil supply vessel off the coast of Nigeria last month, the U.S. State Department has
The United Nations appealed for contributions to fund relief operations in the Philippines, where Super Typhoon Haiyan may have killed at least 2,500 people
The U.S. will surpass Russia and Saudi Arabia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades,
Damen Shipyards has delivered the “World Emerald,” number four of six Damen PSV 3300 CD platform supply vessels delivered this year to Norwegian
Seabulk Tankers has returned to NASSCO shipyard in San Diego for up to two additional dual fuel-capable product tankers in the latest display showing U.S.
US Jones Act flag-carriers Horizon Lines and Matson are eyeing liquefied natural gas (LNG) as the fuel of the
Rescuers in the Philippines battled to deliver emergency aid to areas ravaged by Super Typhoon Haiyan, which may have killed more than 10,000 people, as
Two tanker hijackings in about a month in the South China Sea and Malacca Strait, a route for about a quarter of sea borne oil trade, have fuelled fears piracy
Hapag-Lloyd AG said third-quarter profit plunged almost 64 percent as Europe’s fourth-largest container-shipping line confronted low busy-season prices
Blackstone Group LP, the world’s largest manager of alternative assets, as well as billionaires Wilbur Ross and John Fredriksen are amassing tanker
The United States is likely to export 10-15 billion cubic meters (bcm) of liquefied natural gas (LNG) per year to Europe from 2020, although it will ship much
The stability of the now upright Costa Concordia shipwreck was put to the test Monday as a storm packing 40 mph winds and heavy seas rolled through Isola del
Philippine President Benigno Aquino declared a state of calamity to speed aid to communities ravaged by super Typhoon Haiyan, which may have killed more than
Brazilian shipbuilder OSX Brasil SA filed for bankruptcy protection on Monday, becoming the second company controlled by former billionaire Eike Batista to
The Maersk Texas, a 19,500 dwt Maersk-Rickmers U.S. flag heavy-lift project carrier recently lifted and moved a pair of support craft for the U.S. Navy, the
Swiss-based Allseas announced Monday its plans to build a second single-lift platform installation and decommissioning catamaran at Daewoo Shipbuilding and
By Joseph Akwiri MOMBASA, Kenya, Nov 11 (Reuters) – Nine suspected pirates have been arrested on suspicion of trying to hijack a Danish refined oil and
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up