News

Cairn Energy Plc expects a slump by half in the cost of oil rigs to sustain the U.K. producer’s exploration in Senegal even after crude prices sank in

Some new photos released Monday night by the U.S. Coast Guard show damage to the chemical tanker Carla Maersk and Conti Peridot bulk carrier after colliding

At a shipyard in southern Japan, Mitsubishi Heavy Industries Ltd. engineers envision the newest fuel- efficient engines for liquefied natural gas carriers

Van Oord’s newest, and only cable-laying ship Nexus was christened this past weekend by Mrs J. Damen-Carli, the wife of Mr Kommer Damen, chairman of

Damen Shipyards Group has launched the first LNG-powered inland shipping tanker at its Romanian yard. The 3,040 m3 capacity tanker, known as the Damen

Luxembourg-based dredging and marine construction specialist Jan De Nul Group says it has placed an order for world's largest and most powerful cutter suction

Italian shipping firm Carbonfin S.p.A. has been sentenced to pay an overall criminal penalty of $2.75 million for violating the Act to Prevent Pollution from

The U.S. Coast Guard has detained an MOL containership in Seattle over multiple significant violations discovered during port state control

South Korea's GS Caltex Corp has bought Mexican crude for the first time in 25 years, as the refiner takes advantage of low prices to make cheap spot

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose Monday on higher demand for smaller

Solstad Offshore ASA (SOFF) announced today the signing of a 1+1 year charter agreement from Murphy Sabah Oil Co.,Ltd. (Murphy) for the hire of the anchor

Aberdeen-based Sentinel Marine Ltd has won a contract today from Statoil (U.K.) Limited to provide a new multi role Emergency Response & Rescue Vessel

More than a thousand delegates from the shipping industry gathered last month at the Hilton Athens for the Greek Shipping Forum, a day of speeches and panel

General Dynamics NASSCO has marked the keel laying for the first in a series of five Jones Act ECO tankers for American Petroleum Tankers (APT) under

With a nominal TEU capacity of 19,224, the MSC Oscar currently ranks in as the world’s largest containership. The ship right now is in the midst of its

German container shipper Hamburg-Süd expects to increase sales and volumes this year, Wirtschaftswoche reported on Saturday, citing chief executive Ottmar

Asian spot liquefied natural gas prices edged higher as scattered demand from Japanese buyers and others helped stem the recent decline in prices, traders

This compilation was apparently filmed aboard an Emergency Rescue and Response Vessel (ERRV) belonging to North Star Shipping. It was most likely filmed

Statoil says it is delaying two major projects on the Norwegian continental shelf amid low oil prices and the need for more robust planning in order to cut

A financial discussion on the offshore drilling