US and China Sit on Huge Stockpile of Crude as VLCC Charters Hit 17-Month Low
(Bloomberg) — The number of oil-tankers booked to haul 2 million-barrel cargoes of crude from ports in the Persian Gulf is poised to slump to a 17-month
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(Bloomberg) — The number of oil-tankers booked to haul 2 million-barrel cargoes of crude from ports in the Persian Gulf is poised to slump to a 17-month
Australian billionaire and political-hopeful Clive Palmer on Tuesday offered the first glimpse into his Blue Star Line’s Titanic II replica project and
(Bloomberg) — Costamare Inc., the Greek owner of 46 chartered container ships, is looking to acquire more vessels as asset values in the shipping
LONDON (Dow Jones) —Royal Dutch Shell PLC (RDSB.LN) could face a record $5 billion fine from authorities in Nigeria for an oil spill off the coast of
By Hursh Joshi, MaerskLineSocial Maersk Line does everything it can to avoid creating a negative impact on the marine environment. Despite these efforts on
(Bloomberg) — The world’s container shipping lines boosted reliability in June in terms of the number of boxes delivered on time, according to a
Seajacks announced today they have placed an order with UAE-based Lamprell for the construction of a new self-propelled jack-up vessel, specifically designed
Recently the second of a series of four Damen Stan Patrol Vessels 4207, going by the name of ‘Oriku’, has been finalized in the Pashaliman
Rolls-Royce announced today that they have signed a £10 million contract with Simon Møkster Shipping for a wave piercing offshore vessel with a striking
Update (Tues. 7/24/12): Blaze Contained on MSC Flaminia Wednesday Update: Photos Reveal Damage to MSC Flaminia After Blast, Firefighting Efforts Underway
(Bloomberg) — Sales of offshore wind turbines collapsed in the first half, a sign the power industry and its financiers are struggling to meet the
Coast Guard personnel in Unalaska continue to investigate reports that the Noble Discoverer dragged anchor Saturday in Dutch Harbor and possibly grounded.
Update: The vessel fired on was a fishing boat whose owner is from the United Arab Emirates, according to Al Arabiya television. The fisherman who was killed
The European Union on Monday approved plans to launch a fresh civilian-led mission in the Horn of Africa to help fight piracy and instability in the region.
HOUSTON – (BUSINESS WIRE) – McDermott International, Inc. (NYSE: MDR) announced today that one of its subsidiaries has been awarded two projects
Aker Solutions announced today that they have signed a NOK 440 million SURF contract with McDermott, the main EPCI contractor for the Australian Ichthys
LONDON–U.K.-listed oil explorer Tullow Oil PLC (TLW.LN) said Monday it has decided to abandon a high-pressure oil well it was drilling off the coast of
(Bloomberg) — Pirate attacks fell to the lowest since 2008 this year as the presence of naval forces helped deter Somalis from attacking merchant
Over the weekend, Kleven Maritime signed a 400 million NOK (USD $65M) contract with Remøy Shipping for a new Wärtsila-designed, LNG powered platform
(Bloomberg) — Teekay Corp., the biggest operator of Aframax crude tankers, is poised to return to profit after three years of losses as record Russian
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