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Crowley Maritime Corp. on Thursday christened the first two of four tugboats in the ocean class series, Ocean Wave and Ocean Wind, during a ceremony in New

(Bloomberg) — Billionaire Eike Batista is pledging as much as $2 billion to shore up the finances of his oil and shipbuilding companies after drilling

Royal Caribbean (RCL) hopes to order a new Oasis-type ship–at 5,400 berths, they’re the biggest cruise vessels in the world–by year’s

By Will Davies Ferrari said its Formula One cars will carry the flag of the Italian Navy at the Indian Grand Prix this weekend in solidarity with two Italian

(Bloomberg) — Rates for oil tankers in the Baltic and North Seas may jump this winter on forecasts for harsher weather, increasing demand for Aframax

MAN Diesel & Turbo, together with HHI-EMD, the engine and machinery division of Hyundai Heavy Industries, has presented the first IMO Tier III-compliant

On 15 October, Captain Miro Vuletic and his crew on board the NYK-owned LNG carrier Lusail was integral in the rescue of two Sri Lankan fishermen in

SINGAPORE–Container shipper Neptune Orient Lines Ltd. (NO3.SG) Thursday said it swung to a net profit in the third quarter mainly because of cost

BP said Thursday that it has capped the abandoned containment dome, or cofferdam, that was identified last week as the source of a recent oil sheen spotted in

While Overseas Shipholding Group Inc. (OSG) has warned it may file for bankruptcy in light of a recently disclosed tax issue, a prominent bankruptcy lawyer

An initial investigation into a helicopter crash in the North Sea earlier this week has found indications that the aircraft’s main gearbox lubrication

(Bloomberg) — For all the embarrassment billionaire Paul Singer caused Argentina by seizing one of its navy ships, the biggest triumph in a decade-long

Hercules Offshore Inc.’s (HERO) third-quarter loss widened sharply as the oil rig company was hit by a large asset impairment charge that overshadowed a

SEOUL–Hyundai Heavy Industries Co. (009540.SE), the world’s largest shipbuilder by sales, on Thursday posted a 35% slump in third-quarter operating

Wärtsilä announced today that they have been awarded the contract to supply integrated power and automation systems for two new icebreakers being built

Rolls-Royce announced today that they have broadened their capability in ship design with the establishment of a new team dedicated to the development of naval

PRESS RELEASE — FURUNO is pleased to announce that the new ECDIS (model names FMD-3200 and FMD-3300) are ready for launch during the autumn 2012. The

(Bloomberg) — Technip SA, the French oil-services provider building the Prelude floating liquefied natural gas vessel for Australian waters, expects such

(Bloomberg) — Europe’s largest container lines are making an attempt to increase Asia-Europe rates to more than break-even levels and restore

Maersk Drilliing’s newbuild drillship, Deepwater Advanced 2, will head to the U.S. Gulf of Mexico upon completion in 2014 after being secured in a three