News

After losing 13 product tankers to Oaktree Capital Management earlier this year, Danish shipowner Torm has entered into an agreement with its 40+ lenders and

The newly delivered drillship Maersk Venturer has just been picked by Total for a 45-day/one-well drilling job offshore Malaysia.  The approximately USD $17

Singapore-listed KrisEnergy Ltd announced today it has chartered the Rubicon Vantage FSO vessel and a catenary anchor leg mooring (CALM) buoy for

Ship launching using rubber inflatables, or commonly known as airbags, is a very popular vessel launching method, particularly in Asia. Besides, many

Oil tanker Carabobo, bringing Venezuela's first import of crude oil, arrived late on Saturday at the Jose port, where it is scheduled to unload up to 2 million

The United Nations Security Council authorized naval inspections of ships off Somalia’s coast and beyond suspected of carrying illegal weapons and charcoal,

Royal Caribbean’s Quantum of the Seas arrived Thursday in Hamburg, Germany sporting its new ‘north star’, a gondola-like attraction that will

Vessel operating costs are expected to rise by almost three percent in both 2014 and 2015, according to a new survey by international accountant and shipping

Billionaire shipping tycoon John Fredriksen is looking to take control of Oslo-listed Flex LNG following the purchase of 12.7 million shares through his firm

U.S. and Canadian authorities are trying to figure out what to do about barge that broke free and is adrift in the remote waters of the Beaufort Sea off

By Jack Kaskey and Naomi Christie Oct. 24 (Bloomberg) — U.S. marine shipping stocks are poised to see their shares climb 59 percent in the next 12

Dutch offshore services company Rederij Groen has taken delivery of the ‘7-Waves’, the second of three identical Seismic Research Support Vessels ordered

More than $7 billion has been invested into the search for diamonds since 2000 according to De Beers Group. Much of that has been focused in places such as

United Arab Shipping Company (UASC) is on a major expansion drive, investing more than $2 billion in bigger ships and forming alliances with peers to boost

Shipping freight rates for transporting containers from ports in Asia to Northern Europe continued to fall for the sixth consecutive

Houston headquartered Genesis Energy, L.P. announced today that it has agreed to acquire the Jones Act-qualifying MT American Phoenix and two related charters

Chevron Corporation (NYSE: CVX) together with BP announced Thursday a significant new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of

Some new video has popped up online showing a construction barge sinking on the Chicago River last Friday afternoon in the middle of downtown

The U.S. Geological Survey’s Great Lakes Science Center says it has taken delivery of its newest research vessel and the vessel will be put to work

An investigation by the UK’s Marine Accident Investigation Branch into a January 2014 collision between a Rickmers’ cargo ship and a crane barge in