News

Petroleo Brasileiro SA halted drilling at its largest oil discovery in deep waters, two people with knowledge of the matter said, underscoring the technical

Höegh Autoliners says all units have now been discharged from its Hoegh Osaka car carrier in Southampton and the vessel is now completely empty of cargo.

Finnish marine power solutions provider Wärtsilä says it has been selected to supply 20 generating sets for five newbuild 14,500 TEU containerships being

The UK Maritime Accident Investigation Branch has released a new sonar image of the sunken MV Cemfjord resting on its side on the seabed off Scotland as the

Russia's Yamal LNG project expects the global liquefied natural gas market to move into a deficit by 2018, which will help the country boost its share of the

Vitol said today crude could resume a slump that saw prices fall 61 percent between June and January, as unrelenting growth in U.S. output leads to a

The Goliat FPSO (Floating Production Storage and Offloading) will soon depart Hyundai Heavy Industries and head southbound along the coast of eastern Asia

Five dry bulk shipping firms, including shipping tycoon John Fredriksen's Golden Ocean will form a new venture to coordinate chartering services, hoping to

A verdict in the trial of former Costa Concordia captain Francesco Schettino is scheduled to be handed down this week in Grosseto, Italy, marking the end of

U.S. West Coast port operations resumed in full on Monday after shipping companies suspended loading and unloading of freighters for the weekend, citing

At least 29 migrants died of hypothermia aboard Italian coast guard vessels after being picked up from an inflatable boat adrift near Libya, the mayor of the

Commodity shipping costs matched a record low set 28 years ago as China’s slowing demand for coal and weaker bookings before the Asian country’s New Year

A delegation of industry and government stakeholders from Japan has expressed some support of certain ship recycling yards in Alang, India after seeing

The recent surge in oil prices is just a "head-fake," and oil as cheap as $20 a barrel may soon be on the way, Citigroup said in a report on Monday as it

General Dynamics NASSCO on Saturday christened the U.S. Navy’s newest ship, the USNS Lewis B. Puller (MLP-3

Harvey Gulf International Marine on Friday made LNG bunkering history when the lead vessel in its new line of dual fuel offshore supply vessels became the

This video sequence filmed on 27 January 2015 offshore California near San Nicolas Island shows a Tomahawk Block IV missile launched from USS Kidd (DDG 100)

Hamburg authorities expect the decline in seaborne trade with Russia to accelerate this year as a lagging impact of the weak ruble cripples trade with the

Allseas’ giant oil rig decommissioning vessel was initially named after Pieter Schelte Heerema who besides creating one of the world’s premier

Rig contractor Diamond Offshore Drilling Inc reported a 7 percent drop in quarterly revenue as demand dropped due to weak oil prices, and said it would not pay