News

An auxiliary ship belonging to the Indian Navy sank off of the east coast of India on Thursday, killing at least one sailor and leaving four still missing.

Shipping companies and bunker oil traders scrambled to source fuel and take over supply contracts on Thursday after OW Bunker, one of the world's biggest

In Teekay Offshore’s 3rd quarter report released today, the company has announced their subsidiary ALP Maritime will be adding to its fleet six modern

Twelve Somali nationals have been acquitted of piracy charges in the Republic of Mauritius in the small island nation's first-ever maritime piracy

The U.K. hired a senior BG Group Plc executive to head its new oil and gas industry regulator under plans to boost the country’s recovery of fossil-fuel

Tugboat engineers at Australia’s Port Hedland will strike next week, risking disruption to iron ore shipments through the world’s largest bulk export

Danish ship fuel supplier OW Bunker said it may go bankrupt after discovering fraud by unnamed senior employees in its Singapore-based subsidiary which will

In the three months ending in August, the United States and Canada swapped a record amount of crude oil with each other, one of the more bizarre consequences

Following the successful installation of the FSRU Independence off Lithuania and the signing of two new long-term contracts offshore Colombia and Egypt on

For the Transocean Spitsbergen and the Songa Trym, 2014 will end mid-November. Due to overcapacity in Statoil’s rig portfolio, the company has decided

Houston-based jackup rig and liftboat contractor Hercules Offshore Inc. will cut 324 jobs related to the shut down of four rigs in the U.S. Gulf of Mexico,

Jacksonville, Florida-based Crowley Maritime Corporation has announced that its petroleum services group has sold two Jones Act tankers to Kinder Morgan Energy

With the assistance of tugboats, the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) was relaunched into the James River this week following more

Jones Act shipbuilder Aker Philadelphia Shipyard ASA (Oslo: AKPS) has announced that its Board of Directors has appointed Steinar Nerbovik as President and CEO

Global Marketing Systems, Inc (GMS), the world’s largest cash buyer of ships for recycling, has challenged the European Commission’s intention to

India pulled two naval warships out the Kolkata port yesterday after intelligence information that they might be targeted by terrorists, a navy officer

China plans a $16.3 billion fund to finance construction of infrastructure linking its markets to three continents as President Xi Jinping pushes forward with

The VLCC Al Kout was delivered last week by Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) as part of a series of vessels constructed for the

The global shipping market is unlikely to see a recovery in the next two years due to continuing oversupply of vessels, the chairman of China's largest

Things are slowing down at the U.S.’s largest oil-import