News

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.

Two chemical tankers inbound toward Houston collided in the early morning on Wednesday, approximately 70 miles south of Galveston according to a report by the

So you have worked at sea your entire career and are thinking about coming ashore, but you’re not sure what to expect or even where to start. What sort

Trond Christensen, Chief Operating Officer at Norwegian drilling contractor, Songa Offshore SE, announced his resignation today, effective 31 March.

(Bloomberg) — Earnings for Capesize ships, the largest carriers of iron ore and coal, remained at a six-week low as a dearth of cargoes curbed hiring of

(Bloomberg) — Singapore LNG Corp.’s fourth gas storage tank may have 260,000 cubic meters of capacity, enough to fit four A380 jumbo jets, the

LAGOS, Feb 20 (Reuters) – Nigeria Liquefied Natural Gas Company (NLNG) has appointed France’s BNP Paribas and GT Bank to help raise around $1.6

YENAGOA, Nigeria, Feb 20 (Reuters) – Pirates who kidnapped six foreign sailors from an oil servicing vessel off the Nigerian coast on Sunday are

In a first for the industry, tankers transporting LNG will receive discounted port dues at the Port of Rotterdam. The discount of 6% will only apply to those

By Reese Ewing and Gustavo Bonato SAO PAULO, Feb 19 (Reuters) – Brazilian dock workers in Santos on Tuesday left a Chinese ship they occupied for two

(Bloomberg) — Global liquefied natural gas prices on the spot market will enter a bearish cycle from 2016 to 2017 as new supply comes online before Asian

UAE rig-builder Lamprell announced today the successful of construction of the wind turbine installation vessel, Windcarrier 2 “Bold Tern.” Having

By Joe Brock ABUJA, Feb 19 (Reuters) – Pirates kidnapped six foreign sailors when they boarded a ship two days ago off Nigeria’s coast in the

Athens-based shipowner Diana Containerships reported their Q4 earnings today along with news of their acquisition of the M/V Hanjin Malta, a 4,024 TEU Panamax

By John McGarrity LONDON, Feb 19 (Reuters) – Colombia’s largest coal exporter Cerrejon has declared force majeure on at least some of its cargoes

Coal imports into China, the world’s largest consumer of the commodity, are poised to more than double in the next few years as local production falls,