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(Bloomberg) — Owners of oil tankers must scrap younger vessels for the market to recover by 2014 or 2015, according to shipbroker Braemar Seascope Ltd.

FMC Technologies, Inc. (NYSE: FTI) announced today that it has formed a joint venture with Louisiana-based Edison Chouest Offshore that will provide

BUENOS AIRES–Argentina has decided to evacuate the crew of the naval training ship ARA Libertad, which has been detained in a port in Ghana since Oct. 2

LONDON–An oil-services helicopter crashed into the North Sea Monday with 19 people on board, the U.K. coastguard and the operating company said Monday.

(Bloomberg) — Overseas Shipholding Group Inc.’s bonds and stocks plunged after the largest U.S. tanker company said in a regulatory filing

(Bloomberg) — Somalia piracy attacks against merchant shipping fell to the lowest in six years in the third quarter as armed guards on vessels

JERUSALEM–The partners in Israel’s large offshore Leviathan natural gas reserve confirmed Monday that they have approached

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. jumped by a record in Hong Kong trading as a new manager and an order to build a

(Bloomberg) — Somalia piracy attacks against merchant shipping fell to the lowest in six years in the third quarter as armed guards on vessels and

Herdon, Virginia — U.S. Navy Rear Admiral (Ret.) Terence E. “Terry” McKnight, the pioneering U.S. Commander of Task Force 151 off the coast

BUENOS AIRES–Argentina’s government pledged on Friday to exhaust all legal measures to free a navy training ship detained in Ghana at the request

Seadrill Partners opened at $24 on the New York Stock Exchange, up 9.1% from its offer price of $22. The company’s initial public offering of 8.75

Seaspan Marine today broke ground on a $200 million re-development and facilities upgrade at its Vancouver Shipyard facility that will help the yard fulfill a

Austal held a keel-laying ceremony today for the third Independence-variant Littoral Combat Ship (LCS) – Jackson (LCS 6), one of five Austal-designed

MILAN – Saipem announced today they have been awarded new offshore engineering and construction contracts worth $1.1 billion in Brazil, Angola and the

The Valemax iron ore carrier Vale Minas Gerais docked at the port of Villanueva in the Philippines on Wednesday marking the first time a Valemax ore carrier

(Bloomberg) — Iranian oil tankers are mistakenly signaling their flag state as Tanzania-Zanzibar and no such registration took place, according to a

A thin slick of oil in the Gulf of Mexico appears to be coming from a containment dome that was abandoned on the sea floor during efforts to stop

By Alexander Martin I’m quick to bore.  Bored by movies.  Bored by books.  Bored by television. Don’t even get me started on dating… But

A South Korean coast guard vessel capsized after rescuing crew members of a damaged cargo ship off the southern island of Jeju, the Associated Press has