News

Capex can't be cut

Global output of liquefied natural gas may shrink after 2020 as falling oil prices prompt producers to withdraw plans for new plants and delay

In Noble Corporation’s 4th quarter earnings report released today, the company took a $713 million impairment charge on the retirement of three of their

Union-led work slowdowns could shut down the 29 U.S. West Coast ports in five to 10 days, the head of the shippers’ association said, urging the union to

While the price plunge and its effect on the global economy are evident, we should not forget that illicit economies are equally subjected to market

Authorities in New Zealand have granted a “temporary pause” in the salvage of the MV Rena shipwreck on Astrolabe Reef pending a decision over the

Shipping companies and terminal operators for 29 U.S. West Coast ports appeared to have hit a snag on Wednesday in protracted labor negotiations with the

One officer is dead and three others have been kidnapped following an attack on a Greek-owned VLCC anchored off the coast of

Privately-owned shipping company Copenship has filed for bankruptcy in Copenhagen after losses in the dry bulk market, its Chief Executive Michael Fenger told

The International Transport Workers’ Federation (ITF) is demanding that Allseas Group SA immediately change the name of 'Pieter Schelte' as it honors a

The offshore sector took another hit today as Maersk Supply Service and Maersk Drilling both announced major layoffs at their corporate headquarter in Denmark.

By Sabrina Valle and Denyse Godoy (Bloomberg) — Petroleo Brasileiro SA Chief Executive Officer Maria das Gracas Foster and five of her top managers

13 months after placing an order for twenty Capesize bulk carriers, Scorpio Bulkers is modifying their order and instead swapping out three of their Capes for

A yellow lab is lucky to be alive after a fall into the icy waters of Lake

Technip’s deepwater pipelay and heavy lift vessel Global 1200 entered the drydock at Damen Ship Repair Rotterdam (DSR) last month for a major upgrade,

Statoil ASA, Norway’s biggest energy company, unexpectedly appointed acting Chief Executive Officer Eldar Saetre to permanently succeed Helge

Iran is sidestepping Western sanctions and managing to sell hundreds of thousands of tonnes of fuel oil every month through companies based in the U.S.-allied

Royal Caribbean has announced that the first steel has been cut for the fourth Oasis-class ship, marking the official start of construction for the next

A Royal Caribbean cruise from Baltimore to Jamaica was cut short after more than 200 people became ill with the

Vroon Offshore’s 2011-built Emergency Response and Rescue Vessel VOS Vigilant took a bit of a pounding while operating off the Shetland Islands last