News

The KPI Bridge Oil Composite declined over 3% this week as bunker prices reduced dramatically after several days of declines in the crude markets.  With US

PARIS (Dow Jones)–Total SA (TOT) Friday said it has everything ready to “kill” a leaking gas well in the North Sea. “We could carry

COPENHAGEN (Dow Jones)–The port-operating arm of Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), APM Terminals, will invest over

(Dow Jones) Standard & Poor’s Ratings Services lowered its rating outlook on Navios Maritime Acquisition Corp. (NNA) to negative from stable,

SANTIAGO -(Dow Jones)- Chilean shipper Compania Sudamericana de Vapores SA‘s (VAPORES.SN) first-quarter loss widened to $205 million compared with a

LONDON -(Dow Jones)- The U.K.’s main offshore workers’ union has called for all helicopters operated by Bond Aviation to be grounded pending an

(Dow Jones) McDermott International Inc.’s (MDR) first-quarter profit slid 11% due to lower activity in the Asia Pacific region, though cost controls

LONDON -(Dow Jones)- Commodities titan Glencore International AG(GLE.LN) Wednesday reported mixed first quarter output across commodity products and said its

In the face of extraordinary challenges faced by the global shipping industry, Norwegian maritime conglomerate, Wilh. Wilhelmsen Holding ASA (WWI.OS),

HOUSTON (Dow Jones)–ConocoPhillips (COP) Chief Executive Ryan Lance said that the company stopped investing in its dry natural-gas production in North

Here’s how the Costa Concordia wreck removal will likely NOT happen, but they definitely show us some interesting insight into ship salvage. We talked

I met up with Andre Goedee, CEO of Dockwise, at the Offshore Technology Conference in Houston last week.  Here’s what he had to say… What’s

Successful start: On her maiden voyage to Hamburg, the Hyundai Together was the first ship with a carrying capacity of 13,000 standard containers (TEU) to be

High OPEC oil production, strong demand from China, and increased shipping from West Africa has added to tanker demand, however as far east refineries go into

Norway-listed Jinhui Shipping & Transportation Ltd. (JIN.OS), a ship owner, charter and investment company, Tuesday warned that it expects to record a

SINGAPORE (Dow Jones)–Cosco Corp. (Singapore) Ltd. (F83.SG) said Tuesday its first-quarter net profit fell 25% from a year earlier, mainly due to lower

SINGAPORE (Dow Jones)–Singapore-listed Sembcorp Marine Ltd. (S51.SG) said Tuesday its unit has secured a rig building contract worth US$208 million from

The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Pradip”, a Medium Range (MR) product carrier. The 1996 built

LONDON (Dow Jones)–BP PLC (BP) is looking to ship almost 1 million barrels of Forties crude to Chile in May, further tightening the oversupplied North

Wärtsilä announced today that they have been contracted by Koedood Diesel Service BV to supply a complete power system, including two of its 6-cylinder