News

https://www.youtube.com/watch?v=YzcnpRZjX_s Check out this 360° video filmed aboard the U.S. Navy aircraft carrier USS Harry S. Truman while in the

By David Wethe (Bloomberg) — Transocean Ltd.’s profit dwindled in the second quarter as the world’s largest offshore driller struggles to win

By Mike Wackett (The Loadstar) — As ocean carriers reel from a disastrous first half this year, they seem to have lost lost their appetite for ordering

By Sabrina Valle (Bloomberg) — Keppel Corp.’s Brazil problems just keep growing. The world’s largest builder of offshore oil rigs has seen

By Nicholas Brautlecht (Bloomberg) — The call of the Caribbean is proving irresistible for Germany’s KfW IPEX, the development bank that funds the

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co., the South Korean shipping company currently under creditor banks’ control, tumbled the most

To all you towboat crews saving breakaway barges out there on America’s rivers, this Bud’s for you!  PS: Please drinking

Dutch shipbuilding group Damen opened its first U.S. office with a bang on Monday, announcing a four-tug order from Young Brothers.=. The order is the first to

By Libby George LONDON, Aug 2 (Reuters) – The UK-based trading arm of Beijing-backed Sinopec will give up the megatanker it booked to park crude in Asia

By Ryan Collins (Bloomberg) — U.S. natural gas traders may be in for a bumpy ride. Price swings in the gas market have been fairly muted over the past

The U.S. Justice Department announced Monday that Jacintoport International LLC and Seaboard Marine Ltd. have agreed to pay $1.075 million to settle a lawsuit

By Anshuman Daga and Jonathan Saul SINGAPORE/LONDON, Aug 2 (Reuters) – Singapore Exchange Ltd (SGX) is readying a formal offer to buy London’s

With construction of the Prelude FLNG facility nearing completion at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, subsea

COPENHAGEN, Aug 2 (Reuters) – Maersk Drilling will cut 122 jobs in the United States due to the early termination of a contract for deepwater rig Maersk

By Brooke Fox (Bloomberg) — Royal Caribbean Cruises Ltd. lowered its outlook for 2016 profit, citing an increase in fuel prices and a weak British pound

Offshore pipeline installation, heavy lift and subsea construction company Allseas has announced that its giant Pioneering Spirit has completed commissioning

Design and engineering companies Deltamarin and Elomatic have signed a large scale engineering contract with German shipbuilder MV Werften for the design of a

SINGAPORE, Aug 1 (Reuters) – The Maritime and Port Authority of Singapore (MPA) revoked the bunker fuel supplier and bunker craft operator licences of AC

Forty ships and submarines from 13 nations operate in close formation during Rim of the Pacific 2016. This year’s RIMPAC, the world’s largest

Some new video has emerged showing the moment a cargo ship slammed into a villa in Turkey’s Bosphorus Strait. As we reported last year, the incident