News

Reflecting its renewed competitiveness in the international market for small and medium-sized commercial vessels, Austal announced today that they have

SINGAPORE–Keppel Corp. (BN4.SG) Thursday said third-quarter net profit fell 14.7% from a year earlier as a rise in costs outpaced revenue growth. Net

Diamond Offshore (NYSE: DO) reported their third quarter results today with somewhat mixed results.  Their net income for the third quarter was down 30

A recent investigation by the UK P&I Club revealed evidence that compliance with low sulphur fuel regulations has exacerbated ever-increasing incidences

On July 14, 2012, the MSC Flaminia was on a routine voyage from Charleston, USA to Bremerhaven, Germany, when a massive explosion crippled the ship. Of the 22

SHENZHEN–Shipping giant China Cosco Holdings Co. (1919.HK, 601919.SH) is teaming up with its Shanghai-based archrival to jointly operate major domestic

LNG fueled propulsion has been shown to meet the strictest emissions control regulations – such as the global 0.5% sulphur cap, to be implemented between

Dutch heavy lift operator Dockwise announced today that it has been awarded 10 new contracts and contract extensions for the mobilization of six drilling rigs,

While in Hamburg, Germany last month I sat down with Henrik Uhd Christensen, the Chief Executive of VIKING Life-Saving Equipment, a familiar brand to many who

(Bloomberg) — The biggest slump in Indian iron-ore exports on record is driving rates for ships hauling the cargoes to the lowest since at least 2005,

RIO DE JANEIRO–Brazil’s Merchant Marine Fund has approved additional financing for oilfield services company OSX Brasil SA (OSXB3.BR) to complete

Just days after an explosion killed 6 shipbreakers in Alang India, the European Commission is considering a proposal to legalize the export of toxic,

LONDON–Some Iranian tankers have been detected with a Tanzanian identification even though the East African nation has denied flagging them, as Tehran

Since she was delivered from the shipyard in 1999, Eidesvik’s multi-purpose support vessel, Subsea Viking, has been on continual contract with global

(Bloomberg) — The refusal of three BP Plc executives’ to testify about the 2010 Gulf of Mexico disaster should be held against the company at a

(Bloomberg) — China Shipping Development Co. and China Cosco Holdings Co., the nation’s biggest operators of dry- bulk ships, both rose the most

Wärtsilä announced today that they have won an order to supply their recently introduced Wärtsilä X72 2-stroke main engines for six new vessels to

Damen Shipyards announced today that they have signed a contract with Kuwait Oil Company (KOC) for 14 Damen ASD Tugs. The series consist of two types, with 9

While in Hamburg last month for the SMM Expo, I met up with Steinar Gundersen, the CEO of ECDIS-provider MARIS, and Bhupesh Gandi, MARIS’ Asia

Any of you scurvy dogs missing an eye?  A beachcomber in Pompano Beach, Florida may have found it.  Doesn’t look human though. Any guesses where it