News

ATHENS, GREECE – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, announced

Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, announced today they have entered into a contract with BG International Ltd for the provision of

Statoil ASA, Norway’s biggest oil and gas producer, will invest more than $7 billion in its Mariner project, the largest offshore development in the U.K.

Chinese demand growth for imported coal will almost halt next year before shipments contract in 2014 as the nation’s improving transport network allows

Tsakos Energy Navigation Limited (NYSE: TNP) rose over 4 percent today on the New York Stock Exchange after an announcement that they have signed six-month

MAN Diesel & Turbo announced today that Teekay LNG Partners (NYSE: TGP) has chosen their ME-GI dual-fuel, two-stroke, gas-injection engines for a pair of

Destined for the Gulf of Mexico, the deep-water semi-submersible crane & accommodation vessel Explorer Lifter was delivered today by Yantai CIMC Raffles

Ulstein announced today they have entered into a contract with Island Ventures II LLC, a joint venture partnership between Norwegian offshore operator Island

AMSTERDAM–Dutch oil services company SBM Offshore N.V. (SBMO.AE) Thursday announced a raft of new measures to put an end to a lengthy conflict over a

The worst commodity shipping market in 26 years may persist next year as an oversupply of vessels continues to curb ship owners’ ability to boost charter

Vale SA, the world’s biggest iron-ore exporter, may have paid about $158 million more for shipping in the past 19 months by using the largest available

A merger of international classification superpowers has been announced today. Norwegian classification society Det Norske Veritas (DNV) and German

The international oil services provider Aker Solutions has signed a contract with a subsidiary of McDermott for the delivery of subsea tie-in connectors to the

LONDON – Pirates have attacked and looted a tanker off the coast of Nigeria, taking five crew members hostage, the ship’s operating company said on

NAIROBI – A dozen soldiers guarding a North Korean ship impounded in Somalia’s autonomous Puntland region for maritime violations have hijacked the

The Sea Shepherd Conservation Society suffered a setback in court this week when the US Court of Appeals for the 9th Circuit ordered that the controversial

Chinese port operators agreed to buy a $135 million stake in a Taiwanese container terminal, the second-biggest mainland acquisition on the island, as closer

By Ivana Sekularac ZEEBRUGGE, Belgium – CMA CGM, the world’s third-largest container group, plans to list shares on the Paris Stock Exchange to get

Cheniere Energy Partners LP (CQP) reached an 20-year deal under which Total SA (TOT, FP.FR), the France-based energy major, has agreed to purchase nearly half

COSCO Nangtong and Qidong Shipyards won a USD $370 million FPSO newbuild order yesterday from Dana Petroleum to build a Sevan FPSO for the Western Isles