News

Singapore-based rig builder Sembcorp Marine posted its lowest quarterly net profit in at least five years and forecast a challenging year ahead, as new rig

Recently merged Golden Ocean Group Limited has announced several changes concerning its leading fleet of dry bulk vessels. First, Golden Ocean has agreed with

The mood in Singapore last week while attending Sea Asia was, for the most part, quite subdued as everyone was looking at each other wondering what the future

One million barrels of oil. Enough to fill more than 60 Olympic-sized swimming pools. And there it sat in tanks outside San Francisco -- for three years --

The Canadian government has announced the sale or divesture of 50 Transport Canada-owned port facilities to interested parties under a new government program.

A multi-agency search is underway and will continue through the night for at least five missing boaters after a strong storm system passed the Mobile Bay,

Monday Update: The detention of the MV Kind Seas has been lifted by the Coast Guard, according to the ship’s managers. “Managers of the Kind Seas

The grounded 603-foot Canadian bulk carrier MV Mississagi was successfully refloated on the St. Marys River following lightering operations to offload

Iraq, OPEC’s second-biggest producer, will start exporting Basrah Heavy crude next month after offering discounts for the new grade in Europe, Asia and the

The UK’s National Crime Agency (NCA), with support from the Royal Navy frigate HMS Somerset and Border Force cutter Valiant, intercepted an ocean-going

APM Terminals has opened its new Maasvlakte II container terminal at the Port of Rotterdam, said to be the most technologically advanced and environmentally

The International Chamber of Shipping (ICS) and European Community Shipowners’ Associations (ECSA) have welcomed the decision by European Union leaders to

An Ecuador-flagged cargo ship has been successfully refloated and scuttled after running aground earlier this year in the Galápagos Islands. The salvage and

Cnooc Ltd., China’s biggest offshore oil and gas explorer, will keep its annual production target, undeterred by a 40 percent plunge in first-quarter

The U.S. Department of Justice has cleared the sale of Horizon Lines' Hawaii business to The Pasha

An Italian judge on Friday ordered that the presumed captain of a migrant boat that sank with the loss of more than 700 lives should remain in custody after

Investments in ballast water treatment are set to surge on the ratification of global environmental legislation that would help regulate vessels’ water

Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even

Mark Thomas, Director Towage & Marine Services at Teekay Shipping in Australia oversees the tug operations in Port Hedland, Australia, which is the

An oil slick has been spotted in the water near the Canary Islands that is believed to be from a Russian fishing trawler that sank in the area last