News

TOKYO, Jan 16 (Reuters) – Japanese crude buyers are set to switch back to private insurance providers for transportation of Iranian oil, after relief

The Israel Corp holding company is set to lose control of shipping company Zim under the terms of a bailout agreement being negotiated with Zim's creditors,

The Pentagon has given the U.S. Navy preliminary instructions to buy 32 of its troubled Littoral Combat Ships instead of the 52 previously planned, according

GasLog Ltd. (NYSE:GLOG) announced an agreement has been reached today with BG Group affiiate, Methane Services Ltd. (MSL), to purchase three of MSL’s LNG

A U.S. Navy pilot was safely recovered from the Atlantic Ocean today after the F/A-18E Super Hornet he was flying crashed approximately 45 miles off the

A volunteer lifeboat crew with the Royal National Lifeboat Institution were called out Tuesday to assist in the rescue of three crewmembers from a burning

Here is a timelapse video showing the recent launch of the SX121 design ‘Polar Onyx’ Offshore Construction Vessel (OSV) at the Ulstein Verft

Piracy at sea has reached its lowest levels in six years, with 264 attacks recorded worldwide in 2013, a 40% drop since Somali piracy peaked in 2011, the

For the forseeable future, Cairn Energy is a company focused on the Atlantic Margin according to CEO Simon Thomson.  This is an area that includes the mostly

he Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, marking its first gain this year,

Yantai CIMC Raffles appears to be making the offshore energy market a prime focus going forward.  Last month, the Chinese shipbuilder acquired a 90 percent

A 26-foot tugboat sank off the coast of Atlantic Beach, New York Monday night after separating from the barge it was

Southeast Asia-based upstream energy firm, KrisEnergy Ltd, has announced today the Engineering, Procurement, Construction, Installation and Commissioning

Brittany Ferries announced Tuesday that it placed an order for a LNG-powered cruise-ferry to replace the company's current flagship,

Reuters Commodities and Energy Senior Market Analyst, John Kemp, questions the effectiveness of the Jones Act in today's modern

California Congressman John Garamendi spoke at the National Maritime Strategy Symposium this morning and set an aggressive tone to revamp the maritime policy

The Irish Coast Guard is responding today to a chemical tanker adrift since Sunday off the west coast of

Diesel from the new Jubail refinery in Saudi Arabia will head to Europe for the first time this month, piling pressure on refineries already battered by huge

In the realm of maritime piracy, 2013 may be remembered as the year of the paradigm shift from East to West Africa. In stark contrast to the multinational

After a 10,625 nautical mile voyage from China, SBM Offshore’s Floating Production Storage and Offloading (FPSO) vessel Cidade de Ilhabela berthed