News

  SINGAPORE/HONG KONG, Oct 29 (Reuters) – Shanghai International Port Group Co Ltd, the operator of the world’s busiest container port,

  Luxembourg-based Pacific Drilling (NYSE:PACD) says it has rescinded a construction contract for the ultra-deepwater drillship Pacific Zonda at Samsung

  By Sabrina Valle and Peter Millard (Bloomberg) — Oil majors had big plans for Brazil, but you can’t tell by looking at the country’s offshore

  By Rakteem Katakey and Javier Blas (Bloomberg) — Royal Dutch Shell Plc reported its biggest net loss in at least 16 years after Europe’s largest

  By Keith Wallis SINGAPORE, Oct 29 (Reuters) – Freight rates for capesize bulk carriers could slip further next week as too many ships available

No need to get wet when you are landing this Hard Drive Marine-designed craft that can literally crawl itself onto a beach. “Designed for extended stays

Norwegian oil major Statoil says it has completed a deal with ExxonMobil to explore for oil and gas offshore South Africa. Under the farm-in transaction,

By Mike Wackett, The Loadstar The withdrawal of services during the winter slack season will, in the next few weeks, propel laid-up cellular capacity past the

  In a rare occurrence, a Maersk tanker refueled a Military Sealift Command oiler while at sea during an exercise in international waters off the

  The future is not looking very good for a bulk carrier that remains pinned against a rocky shoreline along the Pacific coast of Mexico five days

  A U.S. Navy tug was unable to detect any ‘pings’ from the sunken El Faro cargo ship off the Bahamas and the search has shifted to using

  By David Tweed and Sangwon Yoon (Bloomberg) — The moment the U.S. Navy sailed a warship into waters claimed by China in the South China Sea it

Passenger crowding and a broadside wave may have capsized a whale watching off Tofino, British Columbia on Sunday leading to the death of six people, the

By Aibing Guo (Bloomberg) — Cnooc Ltd., China’s biggest offshore oil and gas producer, posted a 32 percent decline in third-quarter sales as a slump in

  By Mike Wackett, The Loadstar Drewry has almost halved its global growth forecast for container shipping this year, down to 2.2% from 4.3%, and its

  Teekay Tankers says delivery has been completed for all 12 suezmax crude oil tankers from its acquisition of Principal Maritime’s fleet announced

A unit of Fred Olsen Energy has decided to cancel its contract with Hyundai Heavy Industries for a newbuild semi-submersible drilling rig amid a

The recent kidnapping of four crew members from a cargo ship off the Niger Delta marks the return of attacks in West Africa and illustrates the

With the choice of ditching his Sea Harrier ZA176 in the Atlantic or trying an improbable emergency landing on cargo ship nearly 70 miles away, Sub-Lt Ian

Subi reef, located in the disputed Spratly Islands in the South China Sea, is shown in these handout satellite images provided by the Center for