News

Hyundai Heavy Industries (HHI) announced today the signing of a newbuild contract with Vancouver-based Seaspan Corp. for five 14,000 TEU containerships,

LONDON–Braemar Shipping Services PLC (BSM.LN), an international provider of shipping, marine and energy services, said Wednesday its Shipbroking division

By Neena Rai Pirates carried out 297 attacks in 2012, the fewest in five years, with ships reporting a big drop off Somalia, the International Maritime Bureau

Jan. 16 (Bloomberg) — Carl Icahn’s new stake in Transocean Ltd. may raise pressure on the world’s largest offshore driller to split off some

Dutch police have identified a body found on 19 December, 20 nautical miles west of IJmuiden, as that of the 31 year-old Polish first mate of the Baltic Ace,

Jan. 15 (Bloomberg) — Rates for Capesize ships carrying iron ore, which advanced for a third day, may curb gains as accelerating fleet growth this

16 January Update:  A major hurricane force storm continues over the western North Pacific with winds up to 65 knots and significant wave heights up to 20

MOSCOW–The chief executive of Russia’s OAO Gazprom (GAZP.RS) said the state-owned natural gas monopoly doesn’t want the government to allow

Sembcorp Marine’s Jurong Shipyard announced today they have successfully righted the jack-up drilling rig which tipped over on December 3rd of last year.

Jan. 15 (Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s largest container line, said the industry needs to raise prices by as much as

101-meter catamaran will continue to support the operations of the United States Marine Corps’ Third Marine Expeditionary Force The United States

DUBAI, Jan 15 (Reuters) – Abu Dhabi National Energy Co (TAQA) confirmed the shutdown of one of its platforms in the UK North Sea, after discovering oil

Deepwater drilling contractor Ocean Rig UDW Inc. (NASDAQ: ORIG) has announced that its semi-submersible rig, the Eirik Raude, was chosen by an undisclosed oil

LONDON–The U.K. government has rejected lawmakers’ calls for a halt to Arctic oil and gas drilling, despite renewed safety concerns following the

The surplus of the largest oil tankers available for loading in the Middle East rebounded from a six-week low, according to a Bloomberg News survey. There are

Imports of liquefied natural gas into South Korea, the world’s second-largest buyer of the fuel, dropped 9.5 percent in December as prices rose.

Rates to ship liquefied natural gas will decline this year as new vessels join the fleet more quickly than global output of the fuel expands, according to

Vigor Industrial announced today they have reached an agreement with Daoda Marine Heavy Industry Company (DDHI) to purchase a new floating drydock for a total

ATHENS – DryShips Inc. (NASDAQ: DRYS) announced today the sale, via novation, of two of its 158,000 DWT suezmax dry bulk carriers, the Esperona and

A dangerous winter storm is developing rapidly over the western North Pacific east of Japan, one that has the potential to be even more powerful than Hurricane