News

Maersk Drilling says it is taking steps to reduce its offshore crew pool as it stacks North Sea rigs in light of the COVID-19 pandemic and crash in oil

By Jonathan Saul and Devika Krishna Kumar LONDON/NEW YORK April 27 (Reuters) – Oil traders are hiring expensive U.S. vessels, normally only used for

The Port Authority of Singapore has reported a ‘high degree’ of compliance with new a international law limiting the sulphur content of fuel used by

The U.S. Navy has accepted delivery of the USS Zumwalt, the lead ship in the Navy’s next-generation multi-mission destroyer.  Zumwalt (DDG 1000)

TOKYO, April 25 (Reuters) – Nearly 150 cases of coronavirus infection have been confirmed among crew members of an Italian cruise ship docked in Japan

April 27 (Reuters) – Norwegian Cruise Line Holdings Ltd on Monday warned of a quarterly loss and withdrew its 2020 forecast, as the cruise operator

By David Wethe and Jeremy Hill (Bloomberg) — Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an

By Stephen Stapczynski (Bloomberg) — Twenty port authorities in Asia, Europe, the Middle East and North America signed a declaration committing to stay

By Olivia Raimonde (Bloomberg) — Oil edged lower for the week after paring losses following the dramatic collapse on Monday that saw prices in New York

By Phil Stewart and Idrees Ali WASHINGTON, April 24 (Reuters) – In an extraordinary reversal, the U.S. Navy has recommended reinstating the fired

By Roslan Khasawneh SINGAPORE, April 24 (Reuters) – Supertanker freight rates eased this week as surging demand for floating storage cooled and crude oil

By Ronan Martin and Jack Wittels (Bloomberg) — The oil market is getting so glutted that tiny barges that would normally be busily moving fuels

By Idrees Ali and Phil Stewart WASHINGTON, April 24 (Reuters) – A U.S. Navy destroyer has been hit with a coronavirus outbreak as it carried out a

By Philip J. Heijmans (Bloomberg) — Malaysia’s push to explore energy blocks off its coast has turned into a five-nation face off involving U.S. and

Weeks Marine has completed the pile driving operation in the salvage of the Golden Ray vehicle carrier in Georgia’s St. Simons Sound.  In total, 80

HMM has launched its first of twelve 24,000 TEU containerships HMM Algeciras, the world’s largest containership.  The ship was officially named during a

MOSCOW, April 23 (Reuters) – Two Russian companies signed a deal on Thursday to build the world’s most powerful nuclear icebreaker to help boost

By Jack Wittels, Firat Kayakiran and Javier Blas (Bloomberg) — Oil refiners are hunting for vessels to store jet-fuel and gasoline that nobody is

The U.S. Navy hospital USNS Comfort has been ordered to return to its homeport in Virginia less than a month after arriving in New York to offer surge capacity

By Ron Bousso, Stephanie Kelly and Laura Sanicola LONDON/NEW YORK, April 22 (Reuters) – Oil traders are struggling to find enough ships, railcars,