News

SEOUL, June 1 (Reuters) – The lead creditors of two of South Korea’s biggest shipbuilders have provisionally approved plans by Hyundai Heavy

Video from Aker Arctic of full scale ice trials for the Finnish vessels Louhi and Turva that were held in winter 2016 in the Gulf of

The first full-length trailer for the upcoming film Deepwater Horizon is here and after having watched it I have to say I’m really looking forward

Editor’s Note: The Brazilian appeals court decision referred to below involves the FPSO OSX 3. The Court has based its decision on the grounds that

By Lin Noueihed and Chine Labbé CAIRO/PARIS, June 1 (Reuters) – A French search vessel has picked up signals from one of the black boxes of EgyptAir

SEOUL, June 1 (Reuters) – A majority of Hyundai Merchant Marine Co Ltd (HMM) bondholders have approved a debt-for-equity swap plan, South Korea’s

By Joyce Lee GEOJE, South Korea, June 1 (Reuters) – Geoje Island, off the southeastern tip of the Korean peninsula, appears as prosperous as ever:

By Marianna Parraga and Sarah McFarlane HOUSTON/LONDON, May 31 (Reuters) – Four tankers carrying over 2 million barrels of U.S. crude are stuck at sea

By Mike Wackett (The Loadstar) – The number of container vessels sent to breakers’ yards so far this year will shortly eclipse the total demolished in

By Silvia Ognibene FLORENCE, Italy, May 31 (Reuters) – A 16-year prison sentence for the former captain of the Costa Concordia cruise liner for his role

Dutch marine contractor Boskalis says its joint venture Fehmarn Belt Contractors has been awarded a $334 million contract related to the construction

Some sobering comments from the head of the world’s largest shipping association on the perilous state of dry bulk market, currently in the grips of the

A U.S.-flagged freighter that spent Memorial Day weekend hard aground in Lake Superior is still stuck Tuesday as salvage crews continue on plans to refloat the

By Aradhana Aravindan and Keith Wallis SINGAPORE, May 31 (Reuters) – Not everyone in shipping is bemoaning the industry’s worst crisis in living

By Kyunghee Park (Bloomberg) — South Korean shipbuilder STX Offshore & Shipbuilding Co. filed for court protection, the latest trouble to surface in

SYDNEY, May 30 (Reuters) – Australia’s Fortescue Metals Group Ltd has won a tender to become the second provider of marine towage services at the

By Mikael Holter (Bloomberg) — Norway’s oil companies and the industry’s biggest union had set aside two days to negotiate over wages for offshore

Maersk Drilling has entered into a definitive agreement to acquire the newbuild harsh environment jack-up rig from struggling rival Hercules Offshore (Nasdaq:

ROME, May 28 (Reuters) – An Italian marine who Indian prosecutors accuse of murdering two fishermen during an anti-piracy mission returned home on

Australian authorities have detained a Panama-flagged bulk carrier in Brisbane after officials found that the crew was untrained in the operation of the