News

Frustrated with unprofitability, Maersk Tankers announced today they are buying their six remaining bareboat chartered crude tankers and immediately

The Norwegian Petroleum Safety Authority has granted the Statoil-contracted semi-submersible Transocean Spitsbergen the approval to begin drilling at

Ezra Holdings Limited today, announced plans to consolidate its Offshore Support Services division – EMAS Marine, into its associated company, EOC

For more than 30 years, the Louisiana Offshore Oil Port LLC has been a symbol of U.S. dependence on foreign oil, pumping Nigerian and Saudi Arabian crude from

The world's top two container shippers, Maersk Line and MSC Mediterranean Shipping Co, have struck a fresh vessel-sharing agreement after a previous three-way

An offshore crane operator just may have saved this supply vessel from

9 July 2014 - Norwegian shipbuilder Ulstein Verft delivered the state-of-the-art MV Island Performer to its owner Island Offshore

ABB Ltd., the world’s largest maker of transformers, won a $400 million contract to build the first electricity link between Newfoundland and the North

After signing a long term charter with Harren & Partner Schiffahrts for a pair of Type 116 heavy lift cargo vessels, SAL Heavy Lift is fortunately

French Prime Minister Manuel Valls said on Wednesday he would take steps "within hours" to end blockades of ports in Marseille and Corsica by workers of the

Investment firm KKR announced today it has acquired a majority stake in Aberdeen-based OEG Offshore Group, a company that supports the offshore oil and gas by

Oslo-listed Seadrill scrapped plans for a billion-dollar convertible bond issue after a fall in its share price and said its liquidity remained

MOL and China Shipping (Group) Company confirmed today an order for three icebreaking-capable LNG carriers from Daewoo Shipbuilding and Marine Engineering

In the dead of night, as his fuel tanker sailed through the narrowest section of one of the world's busiest waterways, Captain Thiwa Saman was wrenched from

Daewoo Shipbuilding & Marine Engineering Co. won an order valued at as much as $2.8 billion for nine ice-class vessels that will haul gas from the Yamal LNG

Belgian tanker owner Euronav has continued its fleet expansion today with a USD $342 million order for four VLCCs. The Japanese-built ships average 3-years of

Djibouti’s government said it rescinded DP World’s concession at the Doraleh Container Terminal after finding evidence of corruption and has begun

The U.S. Navy can’t meet its funding needs for surface warships and a new class of nuclear attack submarines from 2025 to 2034, according to the service’s

An improved outlook for global bulk shipping rates spells bad news for grain exporters as they go into the latest sales campaign, with increased freight costs

The world’s largest source of zinc is located 50 miles from the west coast of Alaska and over 100 miles north of the Arctic Circle at the Red Dog