News

Jan. 25 (Bloomberg) — China Cosco Holdings Co., the nation’s biggest shipping company, is facing trading restrictions on its shares after saying it

By Kyunghee Park Keppel Corp., the world’s largest oil-rig maker, said there are opportunities to buy companies even as the entry of Chinese shipyards

By Jeanne M. Grasso & Jonathan K. Waldron All was relatively tranquil offshore in 2011–2012 with respect to Jones Act issues. Activities offshore had

SHANGHAI–Many in the shipping industry see a sluggish year ahead for Chinese exports, a cornerstone of the world’s No. 2 economy, despite other

Jan. 23 (Bloomberg) — Earnings for the largest oil tankers plying the industry’s busiest trade route plunged 76 percent, nearing a reversion to

In a boost for biofuels in marine applications, the Canadian government has announced that it is exploring the potential to use biofuels for its Navy. In a

TOKYO – Mitsubishi Heavy Industries, Ltd. (MHI), working jointly with Mitsui O.S.K. Lines, Ltd. (MOL), has developed installation technology of a ballast

By Frances Robinson BRUSSELS–The European Commission has opened an in-depth investigation to verify whether numerous public support measures granted by

The Clipper Stad Amsterdam, jointly owned by the city of Amsterdam and HR agency Randstad, has been plying the world’s oceans continuously since her

HOUSTON – Atwood Oceanics, Inc. (NYSE: ATW) announced today that one of its subsidiaries has been awarded a two-year drilling services contract by

By Saabira Chaudhuri Chevron Corp. (CVX) has signed petroleum agreements related to three offshore areas in Morocco, a push to expand its footprint in frontier

Jan. 23 (Bloomberg) — Chile’s richest family has turned the world’s worst-performing container shipper into a champion by shedding rented

Jan. 23 (Bloomberg) — Nippon Steel & Sumitomo Metal Corp., Japan’s top steelmaker, will consider using more Valemax carriers to receive ore

Jan. 23 (Bloomberg) — BP Plc’s head oil analyst for Asia, Giovanni Serio, plans to join Noble Group Ltd. in Singapore, four people with knowledge

OKPO, KOREA – On 15 January at 1435 local time, a shipyard worker was killed and 3 others slightly injured by a massive piece of steel that fell off

By TENNILLE TRACY WASHINGTON–Dow Chemical Co. (DOW) severed ties Friday with one of Washington’s most powerful groups representing the

Jan. 22 (Bloomberg) — The glut of supertankers competing for 2 million-barrel cargoes of Persian Gulf oil expanded to the highest in more than four

Jan. 22 (Bloomberg) — Rates to ship liquefied natural gas are dropping for the first time in four years amid a diminishing scarcity of the carriers

The Port of Kimitsu, Japan, received a Valemax super iron ore carrier for the first time on Saturday, 19 January.  The Vale Brasil, which has a capacity to

By Kjetil Malkenes Hovland and John D. Stoll STAVANGER, Norway–Statoil ASA (STO, STL.OS) Chief Executive Helge Lund said Monday in a town hall meeting