Seadrill to Address $10 Billion Debt in First Half of 2016
By Gwladys Fouche OSLO, Feb 25 (Reuters) – Rig company Seadrill, once the crown jewel in the business empire of shipping tycoon John Fredriksen, will
By Gwladys Fouche OSLO, Feb 25 (Reuters) – Rig company Seadrill, once the crown jewel in the business empire of shipping tycoon John Fredriksen, will
By Nicholas Brautlecht (Bloomberg) — Private equity is turning its back on shipping after a glut of funding over the last five years contributed to
Australia’s most powerful icebreaker Aurora Australis remains aground in Antarctica near Mawson station after the ship broke free from its
By Naureen S. Malik (Bloomberg) — It’s official. The natural gas flowing out of America’s shale formations is now available to the world. The
A new twist this week over who lit the fires that killed 159 people aboard the car and passenger ferry Scandinavia Star in 1990, with a former investigator
By Naureen S. Malik (Bloomberg) – At least 163 tankers. That’s how many cargoes of natural gas it’d take to wipe out the ever-expanding glut of
The U.S. Navy’s San Diego-based littoral combat ship USS Milwaukee (LCS 5) arrived at the BAE shipyard in Mayport, Florida earlier this week to complete
By Jonathan Saul LONDON, Feb 24 (Reuters) – Saint Petersburg’s new deepwater port aims to become Russia’s major hub for cargo and container
The offshore wind turbine installation vessel Brave Tern conducts a “full-height jacket test” at the port of Rotterdam. During the test the jack-up
By Mikael Holter (Bloomberg) — When the price of a 10-pound (4.5-kilogram) Atlantic salmon jumped above the cost of a barrel of crude last month, nobody
By Harry R. Weber and Tim Loh (Bloomberg) — Charif Souki is doubling down on liquefied natural gas. Two months after the outspoken founder and chief
OSLO, Feb 24 (Reuters) – Offshore supply vessel owners must form larger companies in order to restore profitability to an industry battered by plunging
Update: Australian Icebreaker Still Aground in Antarctica Australia’s flagship icebreaker Aurora Australis has run aground in Antarctica after it
By Paul Tugwell and Nikos Chrysoloras (Bloomberg) — Greece is in preliminary talks with Iran to secure natural gas for local needs and provide a gateway
By Gavin van Marle (The Loadstar) – The Panama and Suez canals could be the next institutions to be affected by the ongoing crisis in the container
A Canadian fishing vessel with 30 people aboard is expected to arrive in Nuuk, Greenland in stable condition late Tuesday night following a complex effort
The world’s largest cash buyer of ships for recycling is calling on the shipping industry to support the recycling businesses that are striving to
By Slav Okov (Bloomberg) — Royal Dutch Shell Plc signed a five-year contract for oil and natural gas exploration in the deep waters of the Black Sea off
By Sabrina Valle and Harry R. Weber (Bloomberg) — Petroleo Brasileiro SA, Brazil’s state-owned energy company, is scheduled to receive the first cargo
By Joe Carroll and Harry R. Weber (Bloomberg) — The sea stretched toward the horizon last New Year’s Eve as the Theo T, a red-and-white tug at her
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