News

Finnish engine manufacturer Wärtsilä has won a major order for their LNG reliquefaction plants and gas handling systems which will be installed aboard four

Oil traded below $47 a barrel as forecasts for rising U.S. crude stockpiles bolstered speculation that a global glut that spurred a price collapse may

Another significant milestone in the construction of the expanded Panama Canal this week: the installation of the first new lock gate on the Pacific side. The

In the latest show of support for the Jones Act, 32 bipartisan Representatives have sent a letter to Senate leadership urging them to reject a

A semi-submersible saturation diving support vessel belonging to Cal Dive found itself adrift in the waters off the Louisiana coast on Monday following a fire

The American Bureau of Shipping says it has awarded approval in principle (AIP) for Hyundai Heavy Industries' next-generation HD12000 heavy duty, wide beam

In a follow-up statement today on last week’s deadly tugboat sinking in the Yangtze River, Sembcorp Marine Ltd confirmed three of their employees were

Thai dry bulk carrier Thoresen Thai Agencies Pcl said on Tuesday it planned to raise about 7.3 billion baht ($223.2 million) by offering new shares via a

Tuesday Update: The list of the vessel has decreased to 37 degrees as of Monday night as salvors continue to pump more clean water from the lower car decks.

U.K. Chancellor of the Exchequer George Osborne said he’s likely to announce further steps to help Scotland’s North Sea oil and gas

Belgian crude oil shipping group Euronav said on Tuesday that it was going ahead with its plan to list shares on the New York Stock Exchange in a public

The Island Innovator semi-submersible started turning to the right at PL674BS within the Zulu prospect located approximately 100 kilometers west of Stavanger

In the southern part of the Norwegian sector of the North Sea in 110 meters of water is the Johan Sverdrup field,  one of the largest discoveries ever made

Jacksonville-based Crowley Maritime Corporation has announced plans to increase capacity for its U.S. mainland to Puerto Rico service amid Horizon Line's

he United Arab Emirates oil minister said on Monday that the drop in oil prices was unlikely to last for long and that the country would not alter its energy

For Golar LNG’s CEO Doug Arnell, it’s been a good ride. For the past four years his company has increased its market cap 400 percent and grown to

Shanghai retained its title as the world’s busiest container port for a fifth consecutive year after widening the gap with its closest rival

Star Cruises’ new ships under construction at Meyer Werft shipyard will powered by ABB’s latest generation Azipod XO propulsion technology,

Norwegian subsea contractor DeepOcean AS is hoping to sign a major contract at the end of this week according to Chief Financial Officer Dennis de Vreede. In

China Ocean Shipping (Group) Company has received a $1.75 billion loan from the Export-Import Bank of China to buy 53 new ships, which it plans to order from