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Transocean Ltd.’s (RIG, RIGN.VX) first-quarter earnings fell 86% as impairment charges again weighed on the offshore oil-driller’s bottom-line

Summary of Incidents by Region: APR 26 – MAY 2 RED SEA RED SEA: Bulk Carrier was approached while underway on 29 April at 13:16 N – 042:55 E,

SEOUL (Dow Jones)–Hyundai Heavy Industries Co. (009540.SE), the world’s largest shipbuilder by sales, said Thursday first-quarter net profit

SINGAPORE (Dow Jones)– Greek shipping company Costamare Inc. (CMRE) will probably continue to grow through new builds and acquisitions and it remains

Norway’s Kleven Maritime said today that it will be constructing a second seismic vessel for Sanco Shipping AS at the company’s Myklebust Verft

U.S. prosecutors are reportedly seeking the death penalty against three Somali pirates charged with murdering four Americans aboard their sailing yacht, the

SINGAPORE (Dow Jones)–The Baltic Dry Index, the bellwether gauge of rates for ship dry commodities including grains, iron ore and coal, will likely find

SINGAPORE (Dow Jones)–The G6 alliance of container shipping firms, which includes Singapore-listed Neptune Orient Lines Ltd.’s (N03.SG) APL

(Dow Jones) Rowan Cos.’s (RDC) first-quarter earnings rose 54% as higher day rates contributed to the offshore drilling company’s

Singapore-listed COSCO Corp said today that it has contracted to build US$ 200 million harsh-environment semi-submersible flotel for Mexico’s Cotemar

Royal Boskalis Westminster announced today that it has won three energy related contracts for diverse projects in the North Sea and Irish Sea worth a total of

Boatracs and KVH report that they are to work together to deliver a communications service for small to medium sized businesses in the commercial workboat and

Note: This article has been cross-posted from the pro-union Working In These Times blog By Bruce Vail Most of the media attention at the big gathering of

Cal Dive International reported today a first quarter 2012 loss of $24.3 million, or $.26 per diluted share, primarily due to the regulatory drydocks of three

– By ExxonMobil Connection The ExxonMobil Drilling team this month commenced operations on the Jansz-lo driling program for the Gorgon LNG Project off

Coinciding with the announcement of Lamprell’s newbuild jackup order today, DNV released a new rule book for self-elevating units, aka jackups, which

Lamprell announced today the receipt of a USD $227 million contract award from an international drilling contractor for the construction of a jackup drilling

LONDON -(Dow Jones)- The senior BP PLC (BP.LN) executive accused of taking cash payments in return for giving sweetened tanker chartering terms has been

UPDATE:  The Latitude 38 blog reports that other boats in the race reported have a close encounter with a large ship around the time and in the same vacinity.

Lloyd’s Register announced today that it has acquired Houston-based WEST Engineering Services in a move that secures the group’s position as a