News

Saipem S.p.A. reported Tuesday that its jack up drilling rig, the Perro Negro 6, capsized and sank offshore Angola after the seabed beneath one of its three

By McQuilling Services, LLC, Situational awareness requires that people know their surroundings and the risks inherent therein. In a crowded theater, one

At four-hundred metres long, 59 metres wide and 73 metres high, the Triple-E series of containerships will be the world’s largest, and one of the most

UPDATE (10 JUL): MOL Comfort Fore Section has Sunk UPDATE 3 July: Mitsui O.S.K. Lines (MOL) has announced that the towing line has been reconnected to the

(Bloomberg) — Singapore deployed anti-pollution craft and patrol vessels to clean up an oil spill after two bulk carriers collided. About 100 metric tons

Excel Maritime Carriers Ltd., the Athens-based operator of 38 dry-bulk vessels, filed for bankruptcy protection in the U.S. after extending a voting deadline

Ship Finance International Limited (NYSE: SFL) (“Ship Finance” or the “Company”) today announced that the Company has agreed to acquire

Switzerland-based drilling contractor Noble Corporation (NYSE: NE) announced today plans to reincorporate from Zug, Switzerland to the United Kingdom.  The

(Bloomberg) — Qatar Gas Transport Co., the operator of liquefied natural gas vessels, said its joint venture with Angelicoussis Shipping Group Ltd.

Caterpillar Inc. (NYSE: CAT) has signed a definitive agreement to acquire Johan Walter Berg AB, including its core brand of Berg Propulsion, a leading

The charter of the Austal high speed vessel WestPac Express has been extended for a further six months by the United States Navy’s Military Sealift

Singapore-based rig-builder Sembcorp Marine announced today that they have signed newbuild orders for two jack-up rigs from Integradora de Servicios Petroleros

(Bloomberg) — The world’s biggest natural gas exporters will seek to defend linking prices to the cost of oil even after courts ruled they

South Korean shipyards Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy announced orders on Monday with a pair of LNG carriers and a

By Fredrik Dahl VIENNA, June 30 (Reuters) – The top U.S. energy official said he believed the oil market could cope with any further reduction of

In August of last year, the bulk carrier M/V Ocean Breeze found itself being absolutely pummeled by huge surf on a Chilean beach approximately 1.5 miles south

Huntington Ingalls Industries (NYSE:HII) announced this week that the company has been awarded a contract for the inactivation of the nuclear-powered aircraft

Seven missing, including six Americans.

Mariners aboard USNS Seay (T-AKR 302) rendered assistance to a commercial vessel in distress while underway in the Indian Ocean, June

The outlook for the drybulk shipping market is brightening after a stormy four years, but only those shippers that managed to avoid getting swamped by debt are