SEOUL, Nov 4 (Reuters) – Four parties have expressed interest in buying one or both of South Korea’s STX Offshore & Shipbuilding Co Ltd and a

By Matthew Philips (Bloomberg) — On Monday, a construction crew in Alabama triggered a massive explosion when a track-hoe struck the biggest fuel

Wärtsilä and Industrial Development & Renovation Organization of Iran (IDRO), the largest industrial corporation in Iran have signed a Memorandum of

By Jonathan Saul LONDON, Nov 3 (Reuters) – Unknown assailants who opened fire on a gas tanker last week off the coast of Yemen were also carrying a

(Drewry) – If Asian buyers continue to divert their contracted supply from the US towards Europe and Latin America, it will reduce demand for LNG vessels

France-based Bourbon Offshore is hoping that the market for offshore oil and gas marine services has bottomed out as its fleet utilization rates continued to

By Mike Wackett (The Loadstar) – The Ocean Alliance, which next April will be the biggest of the three vessel-sharing alliances, has published its

SINGAPORE, Nov 3 (Reuters) – Rig builder Keppel Corp said on Thursday it would subscribe to a bond offer by KrisEnergy Ltd, potentially increasing its

By Christian Wienberg (Bloomberg) — The chief executive officer of the world’s largest container line says he’s willing to lose money in the short

By Emmanuel Jarry PARIS, Nov 3 (Reuters) – The French government has told South Korea it will oppose any solution for shipbuilder STX France that is

Icelandic shipping company Eimskip has entered into an agreement to aquire Norwegian shipping and logistics company Nor Lines. Eimskip described Nor Lines as a

By Mike Wackett, (The Loadstar) – Maersk Line remained in the red in the third quarter, today reporting a net loss of $116m on the back of a 16%

The Panama Canal Authority has launched a new program that incentivizes its customers to use more energy efficient ships when using the waterway. The

At least 17 people have died and many more are still missing 24 hours after a series of explosions ripped through a beached oil tanker at a shipbreaking yard

By Chris Bryant (Bloomberg Gadfly) — It’s hard to think of two more challenged industries than oil and shipping. AP Moller-Maersk A/S’s

By Chris Blake and Shamim Adam (Bloomberg) — Malaysia said it will buy at least four Littoral Mission Ships from China as Prime Minister Najib Razak

By Gul Yusufzai QUETTA, Pakistan, Nov 2 (Reuters) – Pakistani firefighters were battling on Wednesday to douse a fire still raging more than a day after

By Jacob Gronholt-Pedersen COPENHAGEN, Nov 2 (Reuters) – A.P. Moller-Maersk , the world’s biggest shipping firm, said the container business on

Editor’s Note: A.P. Møller – Mærsk A/S published its Interim Report for Q3 2016 on Wednesday, 2 November 2016, reporting that its third

The world’s first LNG-powered icebreaker entered service Tuesday commencing a contract with the Finnish Transport