News

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

-By Can Fidan, MTS Logistics As we all know, the current situation in the shipping world is that there is a large lack of demand against the current overall

HOUSTON – Cheniere Energy (NYSE Amex: LNG) announced today that Asian investment company Temasek,and private equity firm RRJ Capital, have agreed to

SAN RAMON – Chevron Corporation (NYSE: CVX) announced that the Pacific Santa Ana, a deepwater drillship built to Chevron’s specifications, has

COPENHAGEN (Dow Jones)–Nils Smedegaard Andersen, the chief executive of Danish industrial conglomerate A.P. Moller-Maersk A/S(MAERSK-B.KO), returned to

SYDNEY (Dow Jones)–Australia’s government on Sunday said it has awarded 12 new petroleum exploration permits for off the coast of Western Australia

HONG KONG (Dow Jones)–Swire Pacific Ltd. (SWRAY, 0019.HK) said it will spend HK$11 billion ($1.4 billion) over the next two years on building energy

MOSCOW -(Dow Jones)- Norway’s Statoil ASA (STO, STL.OS) signed Saturday a potential $100 billion cooperation agreement with Russian state oil company

Nearly a week ago, 7 people were killed off Qatar when an offshore LNG buoy terminal exploded unexpectedly.  Tugboat 53, which is part of the Svitzer/Nakilat

LONDON (Dow Jones)–Saudi Arabia’s state shipping company, Vela, will transport large volumes of oil to the U.S. again this month, repeating a trend

After a four days under the control of west African pirates, BW Shipping reports that the product tanker, BW Rhine, has been released off Nigeria by its

By Lars Petter Blikom, DNV As part of a project to define the future design of container feeder ships for operation in the Baltic Sea, some of my colleagues

It was a wild ride in the oil markets this week as crude prices fell off of a cliff today and WTI is now lower than $100 BBL.  While

Sauter Carbon Offset Design (SCOD) says they have come up with an alternative design for the USCG’s new Sentinel Class Fast Response Cutters (FRC) that

PARIS (Dow Jones)–French oil major Total SA (TOT, FP.FR) Friday reiterated it was ready to start “in the coming days” an operation to

To benefit from the current strong demand for high specification drilling units Seadrill announced today that it has entered into a turnkey construction

LONDON (Dow Jones)–The June loading program for North Sea Ekofisk crude oil is scheduled at 263,000 barrels a day, up from 237,097 barrels a day

Navios Maritime Partners L.P.’s (NMM) public offering of 4 million common units priced at a 4.5% discount to Wednesday’s close. The units were

FRANKFURT (Dow Jones)–German shipping group Hapag-Lloyd said Friday it has increased freight rates for all cargo and container types between Europe and

SINGAPORE (Dow Jones)–The Baltic Dry Index, the bellwether gauge of rates for ship dry commodities including grains, iron ore and coal, will likely find