News

The U.S. Navy said one of its guided-missile destroyers collided with an oil tanker near the Strait of Hormuz in the Persian Gulf. The collision between USS

There’s nothing like being naked to make you feel just a little bit more vulnerable, especially when you’re being circled by a hammerhead shark in

Petrobras announced today they have signed contracts with Sete Brasil, Odebrecht and Etesco to charter and operate nine drillships. These ships will be built

The trustee unwinding Lehman Brothers Holdings‘ brokerage business has agreed to sell the company’s stake in a gas-shipping business to Wilbur

The five-story-tall valve that failed to stop the biggest offshore U.S. oil spill is heading toward a $4.5 billion surge in orders as deep-water oil

  Commander Christopher M. Senenko, commanding officer of the guided-missile destroyer USS James E. Williams (DDG 95), presents command ball caps to

(Bloomberg) — Reduced congestion in Chinese and Brazilian ports is cutting earnings for ships hauling raw materials, according to RS Platou Economic

The crew of the guided missile destroyer, James E. Williams rendered assistance to 10 Iranian mariners yesterday who had to abandon their burning vessel in the

On Tuesday 7 August 2012 seven Somali men were found guilty by a Kenyan court of attempting to commit an act of piracy against a French fishing vessel, MV

AMAZONAS, the first of three BAE Systems built Ocean Patrol Vessels being delivered the Brazilian Navy, departed the UK for Rio de Janeiro this morning after

(Bloomberg) — The world’s oldest shipping company sold its last vessel and is going out of business, according to the liquidator. Stephenson Clarke

Teekay Corp.’s (TK) second-quarter loss narrowed as the tanker-ship company saw revenue rise and voyage expenses decline, as it also recorded a foreign

(Bloomberg) — A.P. Maersk-Moeller A/S’s planned fleet of the world’s largest container vessels will be as groundbreaking for their shape as

(Corrects storage location in first paragraph of story published Aug. 9. Company corrects rate in second.)  (Bloomberg) — Golar LNG Ltd., a company

By Ensign Joseph P. Walter, US Navy For years now there has been talk about how the Arctic is heating up—both in the physical sense and in terms of

In their second quarter earnings report, Wilh. Wilhelmsen ASA (WWASA) reports further growth led to record high total income and operating profit. “We

PANAMA CITY, Panama – Following the recommendation from the Board of Directors of the Panama Canal Authority (ACP), the Cabinet Council of the Government

Singapore-based Sembcorp Marine announced today that they have secured contracts worth approximately USD $4 Billion from Sete Brasil ParticipacÇ’es S.A.

(Bloomberg) — Neptune Orient Lines Ltd. said its container-shipping arm, Asia’s third-biggest, had the first quarterly profit since 2010 because of

Tidewater Inc.’s (TDW) fiscal first-quarter earnings rose 34% on higher vessel revenue in its Sub-Saharan Africa/Europe regions, though American vessel