News

(Bloomberg) — Bergen Group ASA, a Norwegian shipbuilder and offshore services company, would consider offers for one or both of its two remaining

In the past 24 hours, Singapore-based shipbuilder Keppel Offshore & Marine has added $460 million to their backlog with 5 new projects. The orders consist

(Bloomberg) — Rates to ship liquefied natural gas will decline over the next three years as trade fails to keep pace with the construction of new

A United States Court of Appeals has confirmed what many mariners have been saying for years: that Paul Watson and the Sea Shepherd Conservation Society are

(Bloomberg) — Royal Dutch Shell Plc, the world’s largest supplier of liquefied natural gas, agreed to buy LNG assets from Repsol SA for $4.4

(Bloomberg) — The largest oil tankers will remain unprofitable for at least two more years as the fleet overwhelms slowing demand for crude imports,

YENAGOA, Nigeria (Reuters) – Six foreign sailors were freed unharmed overnight by pirates who seized them off the coast of Nigeria’s oil-producing

Update: Tuesday updates show Rusty not deepening as fast as earlier forecasts, now expected to have max winds of 80 knots as it makes landfall just ENE of Port

By Jonathan Saul LONDON (Reuters) – Iran is using old tankers, saved from the scrapyard by foreign middlemen, to ship out oil to China in ways that avoid

(Bloomberg) — Singapore is the most likely hub for trading liquefied natural gas and reducing the government interference that keeps Asia’s prices

A high seas hit-n-run? We certainly hope not… The U.S. Coast Guard is seeking information from the public to help identify the source of a large debris

By Rob Sheridan (Bloomberg) — Hire costs for the largest oil tankers on the industry’s busiest trade route had this year’s biggest weekly

UPDATE Jan. 24, 2013: Cannibal Rat-Infested Ghost Ship Story Hijacks the Internet -FAQ Update: According to data from the U.S. National

By Margaret Cronin Fisk, Jef Feeley and Laurel Brubaker Calkins (Bloomberg) — Halliburton Co. may escape paying billions of dollars in damages for its

MANILA — The Philippine Coast Guard on Thursday said it has called off the search for the 14 missing crewmembers of a Panamian-flagged cargo ship that

Teekay reported their FY 2012 financials today and if there was one word to describe Teekay operations at this very moment, it would be “Growth.”

By Jeb Blount RIO DE JANEIRO, Feb 20 (Reuters) – A Brazilian judge dropped criminal charges against Chevron Corp, Transocean Ltd and 17 of their

By Joe Brock and Jonathan Saul ABUJA/LONDON (Reuters) – A spike in piracy off Nigeria’s oil-rich coast has shown gangs are willing to venture

(Bloomberg) — Bergen Group ASA, a Norwegian shipbuilder and offshore services company, climbed the most in more than 3 ½ years in Oslo after agreeing to

(Bloomberg) — Toyota Motor Corp.’s success in selling Thai-made vehicles to the Middle East and Latin America is fueling a boom for car carriers.