News

FRANKFURT, May 29 (Reuters) – Shareholders of German shipping group Hapag-Lloyd on Monday approved a $400 million rights issue to fund a planned merger

Update Tuesday, 0950 CDT, 31 May 2017: We just got off the phone with U.S. Coast Guard Eighth District office in New Orleans and we were told there are

SEOUL, May 27 (Reuters) – South Korea said on Saturday it has resumed contact with a distressed fishing vessel that feared it was being followed by a

By Catherine Ngai and Devika Krishna Kumar NEW YORK, May 25 (Reuters) – Oil traders and analysts are expecting large volumes of crude to draw from

Spanish shipbuilder GONDAN has delivered what is said to be the first LNG-powered dual fuel tug ever built in Europe. The tug, named DUX, was delivered

By Natalie Obiko Pearson (Bloomberg) — Kinder Morgan Inc. has committed to expanding a pipeline that will allow Canadian crude to be exported to Asia, a

By Anna Hirtenstein (Bloomberg) — Power-generating kites backed by Royal Dutch Shell Plc, Schlumberger Ltd. and EON SE will start tests in the U.K. this

By Tony Capaccio (Bloomberg) — The White House budget office and the Navy are rushing to find an extra $600 million to buy a second Littoral Combat Ship

By Lefteris Karagiannopoulos OSLO, May 26 (Reuters) – Oslo-listed Flex LNG has signed contracts to buy six new liquefied natural gas (LNG) vessels for

A top U.S. Coast Guard official admitted at a recent congressional oversight hearing that the U.S. Coast Guard “has not been aggressively enforcing the

Note: Below is editorial by the Offshore Marine Service Association in response to the U.S. Customs and Border Protection Agency’s recent decision to

Inadequate manning and the crewmember fatigue that resulted caused the deadly sinking of the tugboat Specialist on New York’s Hudson River

By Serene Cheong (Bloomberg) — OPEC is finally making the move that could help complete a mission that it’s failed so far: shipping less oil to the

South Carolina Ports’ project to deepen Charleston Harbor to 52 feet has received the funding needed to begin construction as planned this fall, the port

By Idrees Ali and David Brunnstrom WASHINGTON, May 25 (Reuters) – A U.S. warship carried out a “maneuvering drill” when it sailed within 12

By Brian K. Sullivan (Bloomberg) — The Atlantic hurricane season will likely churn out an above-average 11 to 17 named storms, in part due to fading odds

The Master of a containership is reported to have committed suicide aboard his ship during a recent voyage from New York and Tilbury, England. The

By Idrees Ali and Phil Stewart WASHINGTON, May 24 (Reuters) – A U.S. Navy warship sailed within 12 nautical miles of an artificial island built up by

Maersk Drilling says it has been awarded a 150-day contract extension by ExxonMobil for the ultra-deepwater drillship Maersk Viking at a significantly lower

NAIROBI, May 24 (Reuters) – Djibouti has formally opened one of four new ports designed to cement the tiny Horn of Africa nation’s position as a