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SEOUL (Dow Jones)–South Korean shipping-to-shipbuilding conglomerate STX Group said Sunday it won’t seek large-scale merger and acquisition bids

By Aweys Cadde, Somalia Report Police from Somalia’s semi-autonomous state of Puntland have arrested 15 suspected Somali pirates as they planned to

By Tennille Tracy, Wall Street Journal BP PLC won approval from U.S. officials Friday to look for oil at new sites in the Gulf of Mexico, the firms’s

HOUSTON -(Dow Jones)- The rate at which new deep-water permits are being approved under new rules in the U.S. Gulf of Mexico is improving, said Diamond

by Jonathan Feffer Former Rep. Harold Ford Jr. is of course, correct in pointing out the need to develop more fully local and contiguous energy sources and is

SINGAPORE (Dow Jones)–Keppel Corp. (BN4.SG) said Thursday its third-quarter net profit rose 33.3% from a year earlier, beating analysts’

By Jonathan Hoenig, Capitalistpig Hedge Fund LLC Being a contrarian is lonely. People think you’re crazy. Consider the cases of gold and Apple.

By Harold Ford Jr., The Wall Street Journal Philadelphia’s historic shipyard will soon be the construction site for two huge oil-tanker transport ships,

Global Summary of Maritime Crime and Piracy, week of 13 October 2011 (source: ONI) NIGERIA: Vessel (JOAN CHOUEST) attacked by pirates on 17 October near

Horizon Lines’ common stock started trading on the over-the-counter securities market today under the symbol HRZL following the companies delisting

Diamond Offshore Drilling Inc. (DO) third-quarter earnings rose 29% as the oil driller booked stronger revenue and higher average day and utilization rates for

By Daniel Michaels, Wall Street Journal ALESUND, Norway—While many American and European manufacturers transplanted production to low-wage countries in

By Solomon Moore, Wall Street Journal NAIROBI—Kenyan helicopters launched airstrikes in neighboring Somalia on Wednesday, striking at bases of al

OTTAWA (Dow Jones)–The Canadian government Wednesday awarded C$33 billion (US$32.3 billion) of shipbuilding contracts, the largest in the country’s

New Study Looks At The Economic Impacts of the Great Lakes-St. Lawrence Seaway System CLEVELAND—Cargo hauled on the Great Lakes in U.S.-flag vessels is

PARIS (Dow Jones)–Royal Dutch Shell PLC’s (RDSA, RDSB, RDSA.LN, RDSB.LN) new technology to produce liquefied natural gas aboard floating vessels

Houston-based drilling contractor Atwood Oceanics revealed Tuesday that one of its subsidiaries is the mystery buyer in an ultra-deepwater drillship

As world piracy hits a new high, more ships are escaping Somali pirates, says IMB report Piracy on the world’s seas has risen to record levels, with

AUCKLAND—A stranded cargo vessel off the east coast of New Zealand’s North Island has spilled more oil into the ocean, as efforts to pump the

Drone aircraft, officially called unmanned aerial vehicles (UAVs), are just starting to be used to spot, identify, scare pirates away, and prevent hostage