News

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

A 55-foot tugboat towing an empty barge capsized and sank Wednesday night off of Point Judith, Rhode Island. All four people aboard the tug were rescued from

High-cost energy projects globally will struggle to stay profitable if crude oil prices stay around $80 a barrel to $85 a barrel and some proposed developments

U.S. Coast Guard marine investigators are trying to determine the cause of a collision between a passenger ferry and a commercial sailing vessel which occurred

British energy company BG Group is in talks with BP to link their two gas developments off Egypt's coast, as part of BG's drive to breathe life into its

With the huge influx of new steel heading into the offshore drilling market, Diamond Offshore Drilling announced today plans to retire and scrap six of their

A division of the Jones Act shipping company Matson has agreed to plead guilty to criminal charges and pay $1 million in connection to last year's molasses

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker

Crowley Maritime Corp. has announced that VT Halter Marine, Inc. in Pascagoula, Mississippi has cut steel on the first of two new LNG-powered ConRo ships for

Strong winds generated by the remnants of Hurricane Gonzalo in the North Atlantic caused a Stena Line ferry to break free from its moorings in Ireland with

A veteran captain of a Bald Head Island ferry was likely daydreaming when his vessel ran aground in December 2013 in North Carolina, injuring 14 people,