TORM Shareholders Left With Pennies, Banks Gain 92.5% After Capital Injection
COPENHAGEN (Dow Jones)–Financially strapped Danish shipping company Torm A/S (TORM.KO) said Monday a planned liquidity injection would result in its
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COPENHAGEN (Dow Jones)–Financially strapped Danish shipping company Torm A/S (TORM.KO) said Monday a planned liquidity injection would result in its
LONDON (Dow Jones)–U.K. offshore safety inspectors are investigating reports of a fire on Nexen Inc.’s (NXY) Buzzard North Sea platform over the
Wallenius Wilhelmsen Logistics (WWL), the global shipping and logistics company, announced today that it is on track to reduce its relative greenhouse gas
Costa Crociere has announced that it has chosen U.S-based Titan Salvage and the Italian firm Micoperi to remove the stricken Costa Concordia from Giglio
Former offshore Rig Hand now accomplished country music singer, Trace Adkins pays tribute to the men who were lost on the Deepwater Horizon. Rest in Peace
The Cruise Lines International Association (CLIA) says it has selected a 4-member panel of maritime and safety experts to provide an impartial assessment of
On today’s Anniversary of the 2010 Deepwater Horizon disaster, NPR has an interesting story looking at a staffing problem facing the offshore oil and gas
NEW YORK (Dow Jones)–Royal Caribbean Cruises Ltd. (RCL) predicted another bottom-line decline in the current quarter, after first-quarter profit fell
NEW DELHI (Dow Jones)–Italy agreed to compensate the families of two Indian fishermen who were allegedly killed by two Italian naval officers, a move
(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) first-quarter earnings slid 26% as the contract driller was hit with higher costs. The company declared
On the night of 20 April 2010, the Deepwater Horizon suffered a catastrophic blowout and subsequent fire that killed 11 hands, injured 17 more, and resulted in
In recent weeks, the 100th anniversary of the sinking of the RMS Titanic in the North Atlantic and the 3D re-release of 1997’s Oscar-winning
Ingram Barge Company has reached an agreement to acquire Florida-based U.S. United Barge Line, LLC (UBL), a wholly owned barge transportation subsidiary of
NOAA this week has released a new viewing tool that allows easier access to sea floor maps and other data on the world’s coasts, continental shelves and
By Alastair Gale A South Korean court handed down a 30-year prison term Thursday to a Chinese fisherman for the killing of a Korean coast guard officer late
On 22 March, HMS Daring joined formation with USS Abraham Lincoln (CVN-72), USNS Charles Drew (T-AKE 10), and USNS Joshua Humphreys (T-AO 188), to take part in
SINGAPORE (Dow Jones)–Keppel Corp. (BN4.SG) said Thursday first-quarter net profit more than doubled from a year earlier, mainly because of accounting
HONG KONG (Dow Jones)–Orient Overseas (International) Ltd. (0316.HK) plans to further raise rates for container shipments on the North Europe to Asia
Weekly Incident by Region: April 12-18 WEST AFRICA TOGO: Bulk carrier experienced an attempted boarding on 4 April at 06:01 N – 001:17 E, 7 nm southeast
Noble Corp.’s (NE) first-quarter profit more than doubled, topping Wall Street expectations as the offshore driller’s contract dayrates increased.
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