News

(Bloomberg) — The biggest glut since 1996 in the supply of the largest oil tankers means owners will have to wait three more years for rates to recover,

(Bloomberg) — Golar LNG Ltd., an owner of tankers hauling liquefied natural gas, was lowered to “hold” from “buy” at Pareto

Yesterday morning, the chemical tanker Harbour Krystal suffered an explosion and subsequent fire while sailing northbound off the coast of Lisbon, Portugal.

ULSTEIN has entered into a contract for the delivery of design and power package for two platform supply vessels of the PX121 design for the Dutch shipowner

ABUJA (Reuters) – Pirates attacked an oil industry supply vessel in Nigerian waters this week and kidnapped three crew, security sources said on

By Dinesh Nair DUBAI (Reuters) – Ports operator DP World Limited is selling its stakes in two container terminals and a logistics centre in Hong Kong for

The Sea Shepherd Conservation Society says that they are once again in hot pursuit of the Japanese Institute for Cetacean Research fleet as they return to the

Caterpillar Oil and Gas announced today that Russia’s largest offshore oil and gas platform has been outfitted with BeCat® 3500 diesel generator

(Bloomberg) — Petroleo Brasileiro SA, the world’s largest deep-water oil producer, will stop leasing new rigs as it struggles to contain costs and

(Bloomberg) — A Mitsubishi Corp. subsidiary plans to seek $750 million for a fund managed by former General Electric Co. shipping-team members that will

By Oleg Vukmanovic and Joyce Lee LONDON/SEOUL, March 6 (Reuters) – South Korean shipbuilder Samsung Heavy Industries on Wednesday cancelled a $2.39

The world’s largest ship classification society, ClassNK announced that it has granted AIP (Approval in Principle) to the MIBS (Minimal Ballast Water

Attractive payback periods from the additional investments required for LNG-fuelled shipping, along with no significant legal restrictions hindering

Maersk Line’s CEO Soren Skou kicks off TPM 2013 with the keynote speech. Watch it

(Bloomberg) — A 39 percent jump in iron-ore cargoes over the next three years will fail to offset a surplus of the biggest ships hauling the steelmaking

Ulstein Verft delivered Blue Power today, the third of six medium-sized Ulstein PX121 platform supply vessels (PSV) to Blue Ship Invest, a wholly-owned

COPENHAGEN, March 6 (Reuters) – Danish shipping company Norden on Wednesday reported a slim fourth quarter operating profit but said it expected markets

By James Regan and Benjamin Mallet PARIS, March 6 (Reuters) – France’s Bourbon SA, which supplies ships for the oil and gas industry, sees

(Bloomberg) — Indonesia, the world’s third-largest exporter of liquefied natural gas, will start importing the fuel by 2018 to meet increasing

The non-profit ocean research group OCEARCH is at it again, doing good things for mother nature. On 3 March, their team captured, tagged, studied, and released