News

By Sanjeev Rana, Deutsche Bank  Global Shipbuilding Downturn Continues Global shipbuilding industry has been going through a downturn for the last four

Hyundai Heavy Industries (HHI) announced today that it has developed an independent liquefied natural gas storage tank model named the Lobe-Bundle Tank. This

HONG KONG–Shipping giant China Cosco Holdings Ltd. (1919.HK) said in a statement Tuesday that it plans to issue US$1 billion worth of 10-year U.S.

Over 150 representatives of the global maritime industry attended the Royal Institution of Naval Architect’s annual Presidents Invitation Lecture in

OSLO–Norwegian oil services company Seadrill Ltd. (SDRL.OS) said Monday its management unit Seadrill Management AS will move to London from Stavanger,

(Bloomberg) U.S. President Barack Obama has a rising opportunity to make good on two of his central campaign promises: harnessing domestic energy and

The “Ob River” is an ice classed LNG carrier with four membrane-type tanks, with holding capacity of 147.5 thousand cubic meters or 66.4 thousand

Rolls-Royce and Italian ferry operator, Lauro Shipping, have teamed up to design an innovative new gas-powered class of ferry based on the award-winning

*UPDATE Boskalis has acquired in excess of 8.5 million shares in Dockwise in the course of trading today. This shareholding represents slightly less than 22%

The Atlantic Council recently launched their Counter-Piracy Task Force report, an action oriented effort to analyze and make recommendations on the complex

TOKYO (Nikkei)–Mitsubishi Heavy Industries Ltd. (7011.TO) will unveil by 2015 a natural-gas-powered vessel engine that emits 30% less carbon dioxide than

Founded in 1870 in Hoboken, New Jersey, the Stevens Institute of Technology has earned a worldwide reputation for academic excellence in the field of naval

0618 GMT 22 November [Dow Jones] STOCK CALL: Keppel’s (BN4.SG) stock faces “a tug of war between good contract wins and margin concerns,” UOB

The driver of a tractor trailer aboard the MV Alborán, a car ferry operating between Algeciras, Spain and Ceuta, Morocco, is definitely lucky to be alive,

– Carbon War Room Global fuel prices are rising inexorably, while extraterritorial bodies are putting forth new and stricter environmental legislation

0727 GMT 21 November [Dow Jones] STOCK CALL: A.P. Moller-Maersk‘s plan to move away from the shipping segment to focus investment in other businesses,

BP PLC (PB.LN) Friday said it has appointed Lamar McKay as head of oil and gas production and development and he will take up the position Jan. 1, 2013. The

Maersk made some comments recently that indicated they may be moving away from the shipping business, however Group CEO Nils Anderson makes it 100% clear in

AMSTERDAM-based Oranjewerf Ship Repair appears to be a fast mover. Last Friday, the Damen Shipyards branch acquired the order to overhaul the former radio

(Bloomberg) — Nexus Energy Ltd., an Australian oil and gas explorer, said further exploration at the Crux field may justify the development of a floating