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The U.S. Navy on Wednesday announced that it has established a board of vice admirals tasked with tackling issues that have arisen from the often contested LCS

Asian refiners will reduce imports of West African crude in September by 9.4 percent from August to near the lowest level this year, a survey of six traders

(Bloomberg) — The U.S. Coast Guard closed traffic on a section of the Mississippi River early today after a barge grounded because of shallow water. The

Contract negotiations between dockworkers and employers at U.S. East and Gulf Coast ports have turned frosty, raising the specter of labor unrest during the

(Bloomberg) — ATP Oil & Gas Corp., the Gulf of Mexico oil producer that filed for bankruptcy last week, was given preliminary approval by a judge for

Gibdock has completed its work on the semi-submersible accommodation platform, Etesco Millennium – the first offshore platform project to be undertaken

The Somali man responsible for negotiating the ransom payment of the hijacked American yacht, S/V Quest, will spend the rest of his life in prison. Earlier

One of Foss Maritime’s hybrid tugs suffered a fire in her machinery space on Monday after having just completed a ship assist job in the Port of Long

The world’s container lines can’t raise freight rates fast enough to cover soaring fuel prices as persistent overcapacity works against the

A plunge in iron ore prices and shipping costs means it’s cheaper for Chinese steel mills to buy the material from Brazil more than 8,000 nautical miles

(Bloomberg) — The U.S. Coast Guard expects to open to traffic a section of the Mississippi River near Greenville, Mississippi, that was shut because of

(Bloomberg) — ConocoPhillips has shipped a third cargo of liquefied natural gas to Japan from the only U.S. LNG plant permitted to sell domestically

RIO DE JANEIRO–Brazilian state energy company Petroleo Brasileiro S/A (PBR, PETR4.BR), or Petrobras, said Tuesday that it had started work to convert an

More than a month since erupting in flames and smoke while 1,000 miles from land in the Atlantic ocean, the MSC Flaminia has been granted access to a

U.S. Transportation Secretary Ray LaHood announced Tuesday that the Maritime Administration has struck a deal with NASA to convert a former space shuttle

(Bloomberg) — BP Plc’s plans to sell almost $8 billion of deep-water oilfields in the Gulf of Mexico is paving the way for the biggest influx of

(Bloomberg) — Royal Dutch Shell Plc has spent seven years and $4.5 billion, and fought off at least 50 lawsuits, for a chance to tap what is thought to

  SYDNEY–Chevron Corp. (CVX) and Royal Dutch Shell PLC (RDSB) agreed Monday to swap stakes in two multibillion dollar natural gas projects in

FURUNO SHANGHAI CO., LTD. starts providing FURUNO type specific ECDIS training from mid July 2012 for the very important Chinese market. FURUNO Shanghai is the

Overseas Shipholding Group Inc. is running out of cash and must renegotiate a loan agreement as an industrywide slowdown and rejection of a federal debt