News

Norwegian Cruise Lines’ Norwegian Gem was caught in a tricky situation last Wednesday night while trying to evacuate a passenger who was suffering from

Prosecutors investigating South Korea’s worst maritime disaster in four decades said the captain of the ‘Sewol’ ferry and two crew members are facing a

April 28 (Bloomberg) — Iron ore futures in China, the biggest buyer of the steel-making commodity, fell the most in more than a month after a report that

Swiber International Pte. Ltd. and Swiber Offshore Construction Pte. Ltd. announced on 25 April the incorporation of a new wholly-owned subsidiary in Mexico,

By Karolin Schaps LONDON, April 28 (Reuters) – British energy company BG Group said it would review its assets after Chief Executive Chris Finlayson quit

By Narae Kim SEOUL, April 27 (Reuters) – South Korean Prime Minister Chung Hong-won announced his resignation on Sunday over the government response to

By Kyungji Cho April 27 (Bloomberg) — All 15 crew members involved in navigating a South Korean ferry that sank are in custody, the Associated Press

By Colin McClelland and Manuel Soque April 25 (Bloomberg) — Angola’s main port installed new cranes and provided more training to reduce its cargo

A former executive of Parker ITR Srl pleaded guilty on Thursday to conspiring to rig bids for marine hose and was sentenced to two years in prison, the U.S.

DUBAI, April 24 (Reuters) – Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as

The UK government announced plans today for the building of a new £200 million polar research vessel for the NERC (Natural Environment Research Council) and

Songa Offshore announced today they have sold the semisubmersible drilling rigs Songa Mercur and Songa Venus to Singapore-based Opus Offshore Group.  The

By George Obulutsa NAIROBI, April 25 (Reuters) – An Australian warship patrolling the Indian Ocean has seized more than a tonne of heroin worth A$289

For a sign of success for Prime Minister Shinzo Abe’s economic stimulus policies look no further than Japan’s once-stricken shipbuilding

By Michael Hirtzer April 24 (Reuters) – U.S. exporters last week shipped the most corn in at least 24 years, government data showed on Thursday, despite

CCTV America spoke with gCaptain’s Rob Almeida on the sinking of the South Korean ferry, Sewol. In his interview he shares his thoughts on the fateful

Knightsbridge Tankers and Frontline 2012 announced today the two companies had reached an agreement to combine Frontline 2012’s remaining fleet 25

Worldwide piracy incidents have fallen to their lowest level in seven years, but don’t go raising any victory flags just

Following up on an announcement last August, China COSCO has been busy this year selling their ships for scrap as part of their company’s restructuring

Captain Serge Prakhov from the Terasea Eagle, a 2013-built, 203 ton bollard pull tugboat operating in the Java Sea, sends us the following image today: His