The Statoil-contracted rig Transocean Spitsbergen has made a gas discovery while drilling at production license 614 approximately 300 kilometers north of

Wärtsilä signed their second design contract today with Tidewater subsidiary Troms Offshore Supply for their new VS 4530 series of arctic multi-purpose

Hornbeck Offshore’s 240-class offshore supply vessel HOS Bluewater and the 265-class HOS Brimstone were moored at Port Fourchon last night when an Edison

Maersk Drilling took delivery today of their second XL Enhanced harsh environment jack-up rig from Keppel FELS shipyard in Singapore. This rig and its sister

China plans to build lighthouses on five islands in the South China Sea, state media reported on Thursday, in defiance of calls from the United States and the

Tugboat engineers at Australia’s Port Hedland called off an intended strike that threatened exports from the terminal which ships about a quarter of the

Spain’s police, La Guardia Civil, seized 127 kilos of cocaine onboard the Spanish Navy training ship Juan Sebastian Elcano while at port in Cadiz over the

West Texas Intermediate crude swung between gains and losses near a six-month low before trade data that will signal the strength of the economy in

The Australian Transport Safety Bureau (ATSB) has awarded Dutch engineering company Fugro an additional contract for a comprehensive deep-water search for

Bones possibly belonging to the Costa Concordia's only still missing person may have been found onboard the hulk of the

A professor who invited the disgraced captain of the capsized Costa Concordia to speak at a criminology seminar has been referred to the ethics committee at

Eagle Bulk Shipping Inc., an operator of dry-bulk cargo ships, filed for bankruptcy protection after missing a June interest payment, as transport companies

Cell phone video captures the last moments of the MV Pinak-6 and her passengers. The captain and owner are wanted on murder

Sightseeing tourists got a little more than they bargained for on Monday when Lake Tahoe's only authentic Mississippi paddlewheeler ran aground during an

BHP Billiton Ltd., the world’s biggest mining company, is seeking to stop planned strikes by tugboat engineers at Australia’s Port Hedland export terminal

Yangzijiang Shipbuilding (YZJ) reports today record earnings of RMB 1.24 billion in their second quarter. As the third largest shipyard in China by market

By extracting a $13 million penalty and imposing tough restrictions on future oil trading by Arcadia and others, the U.S. Commodity Futures Trading Commission

Here's a time-lapse video just released by the Panama Canal Authority showing the offloading of the second shipment of gates for the Panama Canal's new third

Overseas Shipholding Group says it has emerged from Chapter 11 as a newly reorganized company with a strong balance sheet, focused strategy and solid customer

By Mike Wackett There were 27 newbuild containerships delivered in July – the highest monthly number since June 2013 and bringing the total so far this year