Finance

(Dow Jones) Many analysts have taken Transocean to the cleaners after it barely eked out a 3Q profit, but Citi is keeping its buy rating while lowering

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Thursday that its third-quarter net profit fell 25% from a year earlier due to weaker margins

Image courtesy Samsung Heavy Industries (Dow Jones) DryShips Inc.’s (DRYS) swung to a sharp loss in its fiscal second-quarter as write-downs from the

Image courtesy Frontline LONDON (Dow Jones)–Very Large Crude Carrier shipping rates on the benchmark Middle East to Japan route (Ras Tanura/Chiba)

Image: Frontline Tankers SINGAPORE (Dow Jones)–Asia’s freight markets for vessels carrying clean petroleum products may stay bullish in the coming

Image courtesy Reuters HONG KONG (MarketWatch)–The South Korean market led the way for hefty stock losses in Asia Friday, as risk appetite evaporated on

Image courtesy Frontline SINGAPORE (Dow Jones)–Asia’s crude tanker market may stay depressed by heavy supply as September booking begins, but

LONDON (Dow Jones)–Chinese shipbuilder and shipping firm Dongfang Shipbuilding Co. expects its upcoming listing on London’s Alternative

AMSTERDAM (Dow Jones)–Dutch oil and gas-services provider Fugro NV (FUR.AE) Friday warned that current economic uncertainty is causing delays in the

(Dow Jones) Huntington Ingalls Industries Inc. (HII) swung to a smaller-than-expected second-quarter profit as lower volume hurt sales. The country’s

(Dow Jones) Teekay Corp.’s (TK) second-quarter loss narrowed as the tanker-ship company posted a slimmer loss on derivative instruments than the

Noble Corp. (NE: NYSE) By Global Hunter Securities ($29.33, Aug. 9, 2011) Off 41% from its recent high as of Monday’s close and the worst performer in

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Tuesday its second-quarter net profit fell 15% from a year earlier because of a sharp

Spread Between Futures Contracts Makes Stashing Crude Offshore Attractive LONDON (Dow Jones)—Storing oil in tankers offshore is on the rise again in the

AMSTERDAM (Dow Jones)–SBM Offshore NV’s (SBMO.AE) shares slumped Thursday after the Dutch oil services company booked a $450 million charge

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE), the world’s No. 3 shipbuilder by sales, said Thursday its

SINGAPORE (Dow Jones)–Asia’s clean-petroleum tankers market will likely stay supported by increasing naphtha demand in the coming week, while slow

NEW DELHI—India on Friday approved Reliance Industries Ltd.’s proposed $7.2 billion asset sale to BP PLC, paving the way for the U.K. oil

SINGAPORE (Dow Jones)–Keppel Corp. Ltd. (BN4.SG) Thursday reported better-than-expected growth in second-quarter net profit after profit contributions

(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) second-quarter earnings jumped 19% as the company posted stronger revenue, though day rates fell and