News

The mysterious Chinese businessman behind a $40 billion plan to build a canal through Nicaragua pledged transparency on Tuesday -- but refused to reveal where

Norwegian Car Carriers ASA (NOCC) is working with the Japanese Coast Guard to determine if one of their vessels was involved in a possibly fatal collision with

June 25 (Bloomberg) — The biggest jump in shipping rates since September is spurring speculation that demand from Chinese steelmakers is rebounding after

At South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME), first steel was cut yesterday for the hull of Petronas’ first Floating

June 25 (Bloomberg) — Petronet LNG Ltd., India’s worst- performing oil and gas stock this year, is considering slowing contracts for importing

Bollinger Shipyards delivered the DP 2-classed Ocean Sky today, the fourth Ocean Class tugs for Jacksonville-based Crowley Maritime Corporation. The first two

The not-for-profit, non-partisan advocacy group, United Against Nuclear Iran (UANI), has announced the launch of an around-the-clock Iranian vessel tracking

Rates to ship iron ore extended the year’s biggest rally on speculation Brazil expanded exports as Chinese steel mills, the biggest buyers, rebuild

Clean tanker rates for refined petroleum products on top export routes were mostly softer on Monday although firmer bookings boosted earnings in the

Castrol Marine has welcomed new guidance from Wärtsilä that undermines claims that mid-range base number (BN) oils represent a single cylinder oil solution

I had the opportunity to attend Marine Money Week in New York last week, the industry’s premier trade show for all things related to ship finance. Here

Three tugboats and a patrol boat were scheduled to reach the MOL Comfort today, approximately 1 week after the vessel split in two while battling inclement

June 25, 2013 marks third-annual "Day of the

Houston-based drilling contractor Atwood Oceanics, Inc. (NYSE:ATW) said Monday that it has entered into a turnkey construction contract with DSME for a fourth

By Meeyoung Cho SEOUL, June 24 (Reuters) – South Korea has pledged to the United States that it will cut imports of Iranian crude by 15 percent in the

In April 2012, Statoil and Aker Solutions announced a $1.9 billion contract to deliver a semi-submersible rig capable of year-round well-intervention services

Streamers towed behind a seismic survey vessel are fairly vulnerable when deployed, and extremely costly to replace when damaged or destroyed by vessel

By Bill Redmond It would not be unreasonable to ask if now is the time for the International Maritime Organisation (IMO) to be administered an effective enema,

Aberdeen-based offshore drilling contractor Awilco Drilling PLC, announced today they have signed a Letter of Intent (LOI) with Apache North Sea Ltd and TAQA

In the absence of hull fouling control systems, within six months of active service a vessel could have up to 150 kilograms of marine life per square meter