News

By Pamela MacLean (Bloomberg) — Defending America’s Cup champion Oracle Racing Inc. avoided the impoundment of one of its sailboats in a dispute with a

Statoil ASA plans to drill four wells in Russia with state oil company OAO Rosneft, showing Norway’s biggest energy producer is deepening its involvement in

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, was lifted on Wednesday by higher demand for panamax

Statoil announced today a significant natural gas discovery while drilling in the Snefrid Nord prospect in the Norwegian Sea.  Utilizing the Transocean

Saudi Oil Minister Ali al-Naimi has said oil demand was growing and expected oil prices, which hit a near six-year low in January, to

Port and Free Zone World (PFZW), the holding company for Dubai-based ports operator DP World, has closed a $1.2 billion loan deal, banking sources aware of the

MSC Cruises revealed Wednesday that the MSC Seaside, the first of the ultra-modern Seaside-class ships, will be the first ship in the MSC Cruises' fleet to be

The Asia cruise industry is experiencing dramatic double-digit growth of cruise ships, passengers and ports in the region, according new data released today by

Swiss-based trading house Gunvor, which had been trying to cut asset exposure to the Russian market, is among the winners of a large Rosneft tender, traders

In September 1946, the WWII-era U.S. Army Transport ship General M. G. Zalinski sank after running aground some 100 kilometers south of Prince Rupert, Canada

The Austal-built trimaran ferry Condor Liberation arrived yesterday for the first time into Guernsey’s St. Peter Port harbor to begin mooring trials in

HOUSTON–(BUSINESS WIRE)–Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that effective May 11, 2015, Cliff Chamblee will retire

Swiss-based power and automation technology company ABB says it has been awarded a contract worth $60 million to deliver Azipod propulsion and power systems to

International classification society ClassNK has retaken the top spot as the world’s largest classification society. ClassNK Chairman and President Noboru

Saudi Arabia’s plans to expand local refineries while maintaining its share of the global crude market point to one thing: higher

Oleo e Gas Participações SA, a Brazilian oil company under bankruptcy protection, on Monday said it suspended payments for an oil-production vessel to

On Friday, the U.S. Navy, Marine Corps and Coast Guard released their new maritime strategy in Washington, D.C. at a forum sponsored by the Center for

Petrobras announced today production has commenced at their P-61 platform in the Papa-Terra field located at the southern end of the Campos Basin. The P-61 is

New ship routing measures aimed at protecting environmentally sensitive areas in Coral Sea, home to the Great Barrier Reef, have been agreed by the IMO

The International Maritime Organization partnered with renowned BBC Wildvision to produce this short film, titled Invaders from the Sea, offering unique