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RIO DE JANEIRO -(Dow Jones)- Shareholders of Brazilian drilling-rig holding company Sete Brasil approved a capital increase as the company prepares to line up

GLASGOW –  DEFENDER, the fifth Type 45 destroyer built by BAE Systems, has today set sail from the company’s Scotstoun shipyard to embark on her

Shipboard fires present crews with unique challenges that are often limited to the capabilities of the human body.  With that in mind, scientists at the

UPDATE: The captain of M/V Union Moon, plead guilty to excess alcohol by the master of a ship Friday morning.  The captain, Miroslaw Pozniak, 55, from

  We are downgrading Danaos to Neutral from Outperform, and Seaspan to Underperform from Neutral. – Credit Suisse Despite both Danaos’

Tokyo-based shipping firm Sanko Steamship Co. is making final arrangements to seek the rescheduling of loan repayments through a private-sector intermediary to

NEW YORK (Dow Jones) — Carnival Corp. (CCL) reported a better fiscal first quarter than expected despite the shipwreck of its Costa Concordia, and

New York, NY – March 8, 2012 – Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader in providing energy transportation services, today

HOUSTON (Dow Jones) — Royal Dutch Shell (RDSA) remains confident it will be able to start exploring for oil in the Arctic Ocean off the coast of Alaska

TORM has entered into an agreement to sell the MR product tanker TORM Lana. The parties have agreed not to disclose the sales price. TORM Lana will be

Monthly Incidents by Region WEST AFRICA NIGERIA: Chemical tanker underway approached on 7 March while underway near position 04:12 N – 006:54 E,

Exxon Mobil Corp. (XOM) plans to spend roughly $185 billion over the next five years to develop new energy supplies in anticipation of growing demand. In a

MUMBAI (Dow Jones)–The Shipping Corp. of India Ltd. (523598.BY) plans to raise up to $500 million in dollar loans from banks overseas in the financial

FRANKFURT (Dow Jones)–MAN Diesel & Turbo, a subsidiary of German truck maker and engineering firm MAN (MAN.XE), said Thursday it has received a

LONDON (Dow Jones)–More North Sea Forties crude is set to move to Asia this month, pushing up prices as part of an arbitrage that until December was

WASHINGTON – U.S. Senator Herb Kohl (D-WI) questioned Secretary of the Navy Ray Mabus about the future of the Littoral Combat Ship (LCS) program during a

COPENHAGEN (Dow Jones)–Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) said Wednesday its oil exploration services unit Maersk

LONDON (Dow Jones)–The April loading program for North Sea Ekofisk crude oil is scheduled at 337,788 barrels a day, up from 296,832 barrels a day

The shipping industry is under pressure to comply with ever stricter environmental regulations and, with oil more expensive than ever, to reduce fuel costs.

Tanker operators are bracing themselves for headwinds from U.S. and European Union trade sanctions imposed on Iranian oil, adding to the many challenges the