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Florida-based Sea Star Line LLC agreed this week to enter a guilty plea with the Antitrust Division of the Department of Justice and pay a $14.2 million fine

INDIAN OCEAN: Container ship (MSC JEANNE) was fired upon by six pirates in two skiffs on 21 November at 0536 UTC while underway in position 04:03S –

(Dow Jones) A flagging economy and more domestic production is leading to decrease in US oil imports–bad news for tankers. Frontline (FRO) expects

SEOUL -(Dow Jones)- Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) said Tuesday that it has signed an initial pact with companies that own the

RIO DE JANEIRO (Dow Jones)–Brazilian regulators have not advised U.S. oil major Chevron Corp. (CVX) that its license to drill in ultra-deep waters is

The Port of Los Angeles said today it has been working with the International Association of Ports and Harbors (IAPH) to develop an incentive program that

Milwaukee-based Rockwell Automation Inc. said last week that it has a won a contract with Korean-shipbuilding giant DSME to provide emergency shutdown, fire

CLEVELAND—U.S.-flag Great Lakes freighters (“lakers”) carried 9.8 million tons of dry-bulk cargo in October, a weather-driven decrease of 3

RIO DE JANEIRO (Dow Jones)–U.S. oil major Chevron Corp. (CVX) faces heavy fines in Brazil after the company accepted responsibility for an oil spill at

SINGAPORE (Dow Jones)–Asia’s petroleum tanker markets may extend a recent period of strength in the coming week, as charterers are busy fixing

DSME said today it has started construction on its No.5 Royal Dock that, once completed, will be the largest floating dock in the world.  Construction on the

Despite Chevron taking full responsibility (and up until now the majority of heat from Brazil’s oil regulating agency, ANP) for the estimated 5,000 to

Fred Olsen Energy’s drilling unit, Dolphin Drilling, says it has entered into contracts with Anadarko Petroleum Corporation (APC) for the provision of

International shipping association BIMCO announced today that it will be moving forward with the development of a standard contract for the employment of armed

SINGAPORE (Dow Jones)–STX OSV Holdings Ltd. (MS7.SG) on Sunday said it has won a contract worth US$536 million from a unit of a unit of Brazilian energy

RIO DE JANEIRO (Dow Jones)–The Brazilian unit of major U.S. oil company Chevron Corp. (CVX) takes “full responsibility” for a leaking well

HOUSTON -(Dow Jones)- Plans to reverse the Seaway pipeline may significantly cut the glut of oil inventories in the U.S. interior, but that will only whet the

With Cuba’s move to offshore drilling just 60 miles off the coast of Key West, the USCG, along with partner agencies, continue to make preparations for a

Here, cameras role while Georgian and Turkish men who are being held hostage by Somali pirates tell about the harrowing ordeal. If you listen closely, they

PARIS (Dow Jones)–French oil service company Technip SA (TEC.FR) and a unit of Brazil’s conglomerate Norberto Odebrecht won a contract to supply