News

WASHINGTON –A federal jury in Washington, D.C., today returned guilty verdicts against Sanford Ltd., a New Zealand fishing company, on six counts of

(Bloomberg) — Norway needs to simplify rules for offshore oil rigs and reduce labor costs to support efforts to increase oil and gas production in

Increased Asian imports of West African oil may lift demand for very large crude carriers as daily rates stay below $15,000, according to the Baltic and

(Bloomberg) — Nils S. Andersen, chief executive officer of A.P. Moeller-Maersk A/S, talks about second-quarter profit reported today and the outlook for

Danish Scan-Trans Holding A/S and U.S. based Intermarine, LLC announced a stock transaction today. The two companies will create an unparalleled platform for

Louisiana-based Harvey Gulf International Marine announced to reporters recently that it has signed long term charters for 3 of its LNG powered offshore supply

CANBERRA–Chevron Corp. (CVX) is unlikely to seek protection against swings in the Australian dollar that have intensified cost pressures at its flagship

Located 4000 meters off the northern Portuguese shoreline in approximately 50 meters of water, a pioneering piece of floating machinery is delivering up to 2MW

Scheldepoort Repair & Conversion Yard has been awarded a contract to convert the jack-up drilling rig ‘Shelf Explorer’ into offshore hotel

(Bloomberg) — Growth in Hamburg is stalling as Europe’s fiscal crisis spreads into China and other Asian countries, threatening the recovery of

Vancouver-based naval architecture firm Robert Allan Ltd announced today the delivery of the Al Fenci and Al Durrah, the first two new RAmparts 3200 tugs, to

(Bloomberg) — A surplus of oil tankers seeking cargoes in the Persian Gulf expanded, curbing an advance in charter rates for the vessels. There are 20

Controlling rougly 40 percent of the global container trade, the Germans are a superpower in the world of shipping, however that may be coming to an abrupt

SEOUL–STX Pan Ocean Co. (028670.SE), South Korea’s largest bulk carrier by sales, said Tuesday it swung to a net loss in the second quarter as

MUMBAI–The Indian government has selected Mercator Ltd. (526235.BY) to bring crude oil from Iran after it accepted a cover offered by a state-run

COPENHAGEN-Danish shipping conglomerate A.P. Moller-Maersk A/S(MAERSK-B.KO), banking on the ability of shippers to continue raising freight rates, boosted the

Aug. 14 (Bloomberg) — Record car shipments to China and a rebound in cargoes from Japanese automotive companies recovering from last year’s tsunami

Tokyo – ClassNK announced today that they have started full scale ship tests to develop a feedback scheme on the design for ships performances in actual

SEOUL–The world’s top two shipbuilders on Monday posted sharp declines in their second-quarter net profit, bled by the heavy discounts they have

The M/V Tønsberg, a RO/RO vessel was recently voted Ship of the Year. Fathom CTech’s Pete Lockley explored with the owners just what makes this