News

STOCKHOLM, April 14 (Reuters) – ThyssenKrupp has signed a memorandum of understanding to sell its shipyard business in Sweden to defence firm Saab after

A barge carrying construction materials for U.S.-based Drummond Co Inc, Colombia's second biggest coal miner, was shipwrecked at the company's port late last

Abdalla el-Badri, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) announced this past Wednesday plans to absorb additional

New data released this week shows that Louisiana ranks first in the nation in economic impact from the U.S. domestic maritime industry, creating 54,850

Sailors stranded on merchant ships without food, supplies, or a way home won new

A California State University Maritime Academy cadet was found dead onboard the Academy’s Training Ship Golden Bear early Wednesday morning while docked

A small Australian exploration company said it has secured more than $6 billion in equity funding from unnamed investors to build a port and rail network to

Australian Prime Minister Tony Abbott said he’s confident crews hunting for the missing Malaysian jet have narrowed down the location of its black box to

SINGAPORE, April 11 (Reuters) – Singaporean oilfield service company Ezra Holdings Ltd reported its highest quarterly profit in a year thanks to improved

Loss-making shipping company Nanjing Tanker Corp will be delisted from the Shanghai Stock Exchange marking the first time for a company backed by the central

America’s newest energy hub just got a little

The U.S. National Transportation Safety Board said today that the high-speed ferry Seastreak Wall Street struck Pier 11 in Lower Manhattan in January 2013

McDermott International has announced the successful installation this week of the P-61 Tension Leg Wellhead Platform (TLWP) for the PPT BV Joint Venture,

By Gavin van Marle There is absolutely no sign that the overcapacity in container shipping is going to improve any time soon, according to a leading industry

Houston and the rest of the U.S. Gulf Coast have more crude oil than the region can

South Korean shipbuilder Samsung Heavy Industries said on Wednesday it won a $1.27 billion (1.34 trillion won) order to build two drillships for an unnamed

By Marty Graham SAN DIEGO (Reuters) – A family of four rescued from their sailboat after their infant daughter became seriously ill at sea returned

An Australian search plane picked up a transmission around the area where a ship previously heard pings, a day after investigators expressed optimism they can

Japanese bulk carrier specialist Oshima Shipbuilding won an order today to build a 60,000 dwt bulk carrier for Jinhai Marine Inc. Contract price for the new

SINGAPORE, April 10 (Reuters) – Singapore shares weakened slightly on Thursday, trailing behind other markets in Asia that were boosted by the latest