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Summary of Maritime Crime and Piracy for Period October 20 – 26, 2011.  Summaries provided by ONI. INDIAN OCEAN-EAST AFRICA INDIAN OCEAN: Cargo ship (HR

U.S. classification society ABS has laid out initial plans for strengthening its ties to the Korean maritime industry, announcing today the society will be

By Nathan Hodge Deficits, jobs and defense are shaping up as a single issue on Capitol Hill: In recent days, opponents of military spending cuts have issued

The European Commission has proposed increasing safety standards in offshore oil and gas operations from the design to the final removal of an installation.

SEOUL (Dow Jones)–Hyundai Heavy Industries Co. (009540.SE) on Thursday reported a 30% fall in third-quarter net profit due mainly to a decline in

Marine and offshore e-marketplace, ShipServ, this week released the results of its annual Internet Use in Shipping Survey at the SmartShipping conference in

By Ryan Tracy And Angel Gonzalez, The Wall Street Journal WASHINGTON—BP PLC on Wednesday got permission to drill its first well in the Gulf of Mexico

By Richard Spilman Taking shape in the Hyundai shipyard in Ulsan, Korea is an engineering marvel. The Dockwise Vanguard, previously referred to as the

Norwegian conglomerate Kongsberg Gruppen ASA (KOG.OS) Wednesday reported a net profit of NOK381 million, up from NOK363 million, and said a strong influx of

Hurricane Rina, now churning in the Caribbean north of Honduras, is expected to become a major hurricane as soon as late Tuesday and strike the eastern shores

By Somalia Report, After sources close to pirate groups claimed over the weekend that a ransom had been paid for the MV Iceberg, pirates on board the vessel

Horizon Lines today said it plans on slashing its trans-Pacific container service, Five Star Express (FSX), between the U.S. West Coast, Guam and China

***UPDATE***  The Associated Press retracted their story on this today, apparently things aren’t what they seem.  We will keep you posted with any

By Kevin J. Walsh The World Trade Organization estimated that the United States of America imported $1,936 trillion worth of goods in 2010 (WTO, 2010), more

Hess Corp. (NYSE:HES) is planning to proceed with the $2.3 billion development of a deepwater oil and gas project in the U.S. Gulf of Mexico, using a

By Alexis Flynn, Wall Street Journal LONDON—BP PLC shares rose in early trading Tuesday after the U.K. energy giant reported solid earnings and announced

By Alexander Rose, Wall Street Journal On April 28, 1789, mutineers commandeered HMS Bounty, en route from Tahiti to the West Indies with a cargo of breadfruit

WASHINGTON (Dow Jones)–Environmental groups have filed a formal challenge to air-quality permits that Royal Dutch Shell needs to drill for oil in the

HONG KONG–Over 70 commuters were injured–some seriously–after their passenger ferry crashed into a mooring pillar after departure from an

By Jonathan Hoenig We do not trade a firm’s earnings, management or products, only shares of its stock. Therefore, price alone should guide our decision