News

June 11 (Bloomberg) — China is hoarding crude at the fastest pace in at least a decade, shielding itself from supply disruptions and helping keep prices

By Ole Mikkelsen COPENHAGEN, June 11 (Reuters) – Denmark’s Thorco Shipping expects to expand its fleet by 50 percent in coming years and plans to

A group of civilian mariners got the surprise of their lives this Sunday when a giant Russian nuclear submarine came to the rescue after they had sent out a

A general cargo ship has caught fire while moored at the Port of Corpus Christi, Texas, with the extent of the fire currently

President Barack Obama signed into law a $12.3 billion water-projects plan that will pay for deepening ports for bigger ships, cutting costs for

The second shipment of four rolling gates for the new locks of the expanded Panama Canal has arrived in Colon,

The world’s first LNG-powered icebreaker will be powered by Wärtsilä dual-fuel engines, the Finnish engine manufacturer announced

Fifteen crew of a South Korean ferry that sank in April killing more than 300 people, most of them children, went on trial on Tuesday on charges ranging from

Aker Philadelphia Shipyard ASA (AKPS) is gaining additional product tanker newbuild orders following the start up of Philly Tankers AS, a new Jones Act tanker

Vard Holdings Ltd confirmed today the contract for the design and construction of a large Offshore Subsea Construction Vessel (OSCV) has been made effective.

KUALA LUMPUR, June 10 (Reuters) – Malaysia’s Icon Offshore Bhd, whose ships offer support services to oil platforms, has raised 945 million ringgit

Mitsubishi Heavy Industries has delivered a "super eco" cargo-passenger ship that MHI boasts as having outstanding energy savings, environmental load

Thick black smoke rises from the deck of the Liberia-registered bulk carrier Cape Tavor at the Palumbo dockyard in Valletta's Grand Harbour, June 9, 2014.

Rowan Companies’ fourth and final newbuild drillship, the Rowan Relentless, is now covered by a long term charter contract amid a very competitive

The United Nations envoy for Somalia has welcomed the release the eleven remaining of crewmembers of a ship hijacked by Somali pirates nearly four years ago,

A drunk captain is likely to blame for a ship grounding off the southwestern coast of Sweden.

Westport Shipyard, the largest yacht builder in North America, announced in an emailed statement they have been acquired by Westport, LLC, an ownership group

Turkish shipbuilder BOGAZICI A.S. recently delivered Amapola 1, the first Robert Allan Ltd. designed RAstar 3000 tug, to International Offshore Engineering and

By Kyunghee Park and Chris Cooper June 9 (Bloomberg) — Hyundai Group, the South Korean conglomerate planning to raise 3.3 trillion won ($3.2 billion)

“Connectivity is a key differentiator,” commented Raimo Warkki, IT exec at Stena Line, one of the world’s top ferry operators. “High