News

LONDON, July 12 (Reuters) – The owners of the Dutch liquefied natural gas (LNG) terminal in Rotterdam are studying the possibility of opening a third

July 12 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday on

(Bloomberg) — Cyprus, the Mediterranean island that reported its first offshore natural-gas find in 2011, is studying an expansion of planned export

(Bloomberg) — Brazil’s purchase of the first cargo of liquefied natural gas exported from Angola may signal weaker- than-expected demand for

Maersk Drilling has announced that its jack-up rig the Maersk Convincer has had its contract extended by Petronas for an additional one year period at an

Star Bulk Carriers Corp. (NASDAQ: SBLK) entered into a newbuilding agreement today with Shanghai Waigaoqiao Shipbuilding to build a pair of 180,000 DWT

The current heat wave on both US coasts makes the idea of going anywhere, with the exception of the beach, an unappealing task. Nevertheless, roads and

In a stock exchange filing this afternoon, Hercules Offshore announced their offer to acquire all the remaining shares of jack-up drilling firm Discovery

For the first time in history an Unmanned Aerial Vehicle, otherwise known as a drone, has completed an arrested landing on a U.S. Navy aircraft

July 11 (Bloomberg) — Fred Olsen Energy ASA, an offshore drilling company, climbed to a five-year high in Oslo as a better-than-estimated performance

Navios Maritime Acquisition Corporation (NYSE: NNA) has announced plans to acquire two chemical tanker newbuilds as well as the exercised option to acquire two

(Bloomberg) — China will remove “unreasonable fees” and introduce supportive policies for shipping companies in the second half of the year

The American Bureau of Shipping (ABS) reached a significant milestone today by registering over 200 million gross tons, corresponding to approximately 12,000

HONG KONG/SINGAPORE, July 11 (Reuters) – A court has granted a unit of China Rongsheng Heavy Industries approval to proceed with legal action to reclaim

July 11 (Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s largest container line, rose to its highest in three months in Copenhagen

Seadrill has announced a new contract for their LT-Super 116E jack-up rig West Freedom with Cardon IV Venezuela, an ENI SpA and REPSOL joint venture. The rig

The MOL Comfort saga has come to an end. According to an emailed report by the Indian Coast Guard, the burned out wreck parted her tow line and disappeared

SAO PAULO, July 10 (Reuters) – Dock workers at Brazil’s key shipping port of Santos, the largest in South America, stopped a strike over port

COSCO Zhoushan Shipyard Co. has announced today a contract to build four 111,000 dwt tankers for an undisclosed a European ship owner as well as a contract to

Volstad Shipping AS has signed a newbuild contract with Tersan Shipyard in Turkey for a new Subsea IMR and Construction Vessel. The vessel comes at a total