News

Belgian gas shipping company EXMAR NV said Wednesday that its joint venture with Teekay LNG, EXMAR LPG, has exercised an option for two additional midsize gas

JAKARTA, July 31 (Reuters) – An oil tanker owned by Indonesia’s state oil and gas company, Pertamina, spilled around 5,400 tonnes of fuel into the

Rongsheng Heavy Industries announced in a stock filing today their plan to issue HK$1,400,000,000 (USD $180 million) in convertible bonds in an effort to help

By Yimou Lee HONG KONG, July 31 (Reuters) – China’s largest bulk shipper, China COSCO Holdings Co Ltd , may sell some of its $1.6 billion in

July 31 (Bloomberg) — At Royal Dutch Shell Plc’s compound in the Nigerian city of Warri, the gate is locked, the grounds are empty and grass has

Teekay LNG Partners L.P. (NYSE:TGP), announced today that it has issued approximately 0.93 million common units in a private placement to an institutional

Houston-based deepwater well intervention firm, Helix Energy Solutions Group, Inc. (NYSE: HLX), has announced their plans to build the Q7000, their

The Bureau of Safety and Environmental Enforcement (BSEE) announced this afternoon that the drilling operation to permanently seal the well that blew out at

The fire-scorched cargo vessel, MV Hansa Brandenburg, has reached Mauritius nearly two weeks after catching fire in the Indian

Images via Sri Lanka Navy While enroute to Zhangjiagang, China, the chemical tanker Fairchem Sabre responded to a distress call from an overcrowded trawler

2nd Officer Yaroslav Karetnikov of the Mærsk McKinney-Møller created a timelapse video of his ship’s maiden port call to Busan, South Korea. Watch it

Containership owners such as Maersk Line, CMA CGM, Seaspan, SinOceanic, Costamare, Ignazio Messina, Capital Shipmanagement, CIMC and others are all moving

Port Hedland is located in the North West Pilbara region of Western Australia and is the world’s biggest bulk export port by tonnage.  The port

July 30 (Bloomberg) — Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, may pull out of a deal to invest in Israel’s

Update: 2 August 2013- According to a comment on Facebook, two of the straps that secured the helicopter to the deck apparently broke in a strong gust, causing

In Seaspan’s latest financial earnings report, CEO Gerry Wang broke the news about having placed a $550 million order for an undisclosed number of new

On July 15, the North Korea-bound cargo ship Chong Chon Gang was stopped by Panamanian authorities outside the Panama Canal.  Within the containers on board,

LONDON, July 29 (Reuters) – Transatlantic clean tanker rates were steady on Monday, although slower activity put the brakes on a recent rally. Rates for

The World Steel Association, whose members represent approximately 85% of world steel production, reported that world crude steel production for the 64

July 29 (Bloomberg) — Prince Alwaleed bin Talal, the billionaire owner of stakes in Citigroup Inc. and Time Warner Inc., has written publicly to Saudi