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LONDON–Iran has drafted a bill to block the Strait of Hormuz for oil tankers from states that support oil sanctions, an Iranian lawmaker said Monday. In

BW Offshore and Fred Olsen Production have signed a contract with Vaalco Energy for a five year extension for the lease and operation of the FPSO Petróleo

Originally ordered in November 2010, the STX OSV Langstan-built Far Scotsman (STX PSV08 CD) was delivered today to Farstad Shipping Limited and is slated to

COSCO Corporation (Singapore) Limited announced today that COSCO Zhoushan Shipyard Co., a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co.,

Container shipping giant CMA CGM announced plans Monday to sell it’s luxury cruise line La Compagnie du Ponant to a European private equity firm.

ATHENS – Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) announced today that they have entered into new time charter agreement for one of their

SINGAPORE (Dow Jones) –Container shipper Neptune Orient Lines Ltd. (N03.SG) said Monday it plans to sell its headquarters building in Singapore to raise

By Tom Weaver, Partner, Weaver-Price Design & Construction Since the 1970s, the Volvo Ocean Race (VOR) has attracted an incredible global following as the

Following extensive onboard tests of various maritime communications systems, Tokyo-based Nippon Yusen Kaisha (NYK Line) has signed a contract to install

This week’s ship er, shipyard photo comes to us via Damen Shiprepair Brest, or DSB for short, located on the northwest tip of France. Formerly known as

SAO PAULO–Brazilian billionaire Eike Batista on Thursday reshuffled the senior management at his oil and ship-building companies, which have seen their

Globalstar announced this week that it has reached a settlement of its prior disputes with Thales Alenia Space France and has agreed to the terms of a

War with Somali pirates is heating up – By Will Watson Even as the military, governments and the maritime industry are stepping up action against Somali

STX OSV Holdings Ltd. (MS7.SG) said Friday it secured contracts worth about NOK500 million ($83.5 million) to build two platform supply vessels for Island

WASHINGTON–The U.S. Interior Department Thursday finalized plans to lease new tracts in the Gulf of Mexico and off the Alaska coast for offshore oil and

Baden, Switzerland – ABB Turbo Systems Ltd. has played a key role in bringing the benefits of Wärtsilä’s RT-flex technology to two-stroke

Hamilton, Bermuda, June 28, 2012 – North Atlantic Drilling has received a letter of intent from ExxonMobil for assignment of the harsh environment

Overall confidence levels in the shipping industry increased in the three months ended May 2012, to reach their highest level since February 2011, according to

Middletown, RI – June 28, 2012 – Following extensive onboard tests of maritime communications systems, Tokyo-based Nippon Yusen Kaisha (NYK Line)

Clay Maitland, managing partner of International Registries LLC (which administers the Marshall Islands ship registry, the world’s third largest),