News

Daewoo Shipbuilding & Marine Engineering Co has completed construction of the world’s first floating liquified natural gas facility at the DSME

APM Terminals says it has completed the $1 billion acquisition of Barcelona-based Grup Maritim TCB’s port and rail interests, expanding the maritime

Houston-based Kirby Corporation (NYSE: KEX) announced an agreement Wednesday to purchase the inland tank barge fleet of SEACOR Holdings for $88 million in

The Port of London says more larger ships than ever called at the port in 2015, helping the total tonnage of cargo handled at Thames terminals climb to 45.4

By Toby Sterling AMSTERDAM, March 9 (Reuters) – Marine construction company Boskalis expects a drop in net profit this year as depressed commodity prices

A grounded capesize bulk carrier has been refloated more than 12 days after running aground in the Suez Canal. According to media reports and AIS, the New

March 9 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday, helped

Maersk Tankers says that it has completed the first drone delivery to a vessel at sea as part of a test to see whether or not drones can become

By Blake Schmidt and Sabrina Valle (Bloomberg) — Marcelo Odebrecht, the former head of one of Brazil’s largest industrial conglomerates, was sentenced

Rolls-Royce will supply a liquefied natural gas (LNG) propulsion package for a cargo vessel, which will deliver fish food on behalf of BioMar Group. A $6.5

By Ben Blanchard BEIJING, March 8 (Reuters) – The South China Sea is one of the world’s freest and safest shipping lanes, Chinese Foreign Minister

By Jack Kim and Ju-min Park SEOUL, March 8 (Reuters) – South Korea said on Tuesday it would impose new sanctions against 40 individuals and 30 entities

Offshore drilling contractor Transocean says it has reached a deal with Singaporean rigbuilder Keppel to delay the delivery and payments of five

By James Paton (Bloomberg) — Chevron Corp.’s Gorgon natural gas project off Australia’s northwest coast boasts the world’s biggest carbon dioxide

PARIS, March 7 (Reuters) – French-based CMA CGM, the world’s third-largest container shipping firm, said on Monday it expects its volume growth to

Norwegian oil major Statoil has decided to terminate its contract for the charter of the semi-submersible rig COSL Innovator, as well as suspend drilling

NAIROBI, March 7 (Reuters) – An Australian Navy ship has seized a huge cache of weapons near Oman’s coast from a fishing vessel bound for Somalia,

Semi-submersible accommodation vessel owner Prosafe is laying up two more rigs due to cuts by Mexican oil company Pemex, meaning that all five of

By Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore driller struggling with the industry’s biggest debt load, surged by a record for a second

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipbuilder, posted a record loss last year