News

Oil cavern space at the Louisiana Offshore Oil Port sold for 10 cents a barrel a month at an auction on Tuesday, offering a glimpse into the value of storage

Two crew are lucky to be alive after narrowly escaping a capsized tug just before it sank Monday night in strong winds and poor visibility near Southampton,

The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and

The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure are to buy a 30 percent stake in Associated British Ports for about 1.6 billion

MSC Mediterranean Shipping Company has announced the delivery and inauguration of the MSC Oliver, the second ship in the company’s 19,224 TEU ‘Olympic

A rise in illegal fishing off Somalia could spark a resurgence in piracy, United Nations and Somali fishing officials have warned, nearly three years after the

A Maersk containership ran aground in the Netherlands Tuesday morning as it approached the Antwerp area. Maersk Line spokesperson Michael Storgaard confirmed

Australia’s military shipbuilding industry needs to cut costs and become more productive to win contracts as the government seeks to buy 40 ships and

After literally years of hype, Allseas’ Pioneering Spirit (formerly Pieter Schelte) did not disappoint yesterday when I had the opportunity to see her up

China Rongsheng Heavy Industries Group Holdings Ltd., the shipyard that has become symbolic of a credit glut gone wrong, said a spate of canceled orders led to

ENSCO announced on Monday the receipt of a termination notice for their ultra-deepwater drillship DS-4 which is currently on contract to BP in the U.S. Gulf

The U.S. Coast Guard rescued all nine crewmembers from the Canadian tall ship Liana's Ransom 58 miles east of Gloucester, Massachusetts on

Some new video has surfaced online filmed from inside the Costa Concordia. The video appears to be filmed by man sneaking onboard the vessel at night in Genoa,

The Stena Line ferry Stena Germanica re-entered service last week as the first commercial ship in the world to run on methanol as its main fuel. Stena

Construction of a new LNG break bulk facility at the Gate terminal in Rotterdam kicked off this weekend with the ceremonial ground breaking. The project

Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big

Heerema Offshore Services says it has signed a Letter of Intent for the engineering and construction of a new semi-submersible crane vessel (NSCV) with Jurong

Dongfeng Race Team, one of six 65-foot racing yachts participating in the Volvo Ocean Race was dismasted early on Monday, March 30th. Race officials note that

France's CMA CGM, the world's third-largest container shipper, announced on Monday plans to order three giant vessels and said higher volumes and profit last

A tanker bound for Italy was loading 600,000 barrels of oil at the Libyan port of Hariga on Sunday, an oil official said, the eighth loading at the eastern