News

HONG KONG–A young girl hospitalized in critical condition after Hong Kong’s worst maritime disaster in a generation succumbed to her injuries late

HOUSTON–The U.S. Gulf of Mexico is on track to surpass by 2019 the peak production levels last seen before the 2010 Deepwater Horizon disaster, analysts

Overseas Shipholding Group, Inc. (NYSE: OSG) announced today that a new service agreement has been signed with Maersk Oil Qatar AS (MOQ) for the FSO Africa, a

LONDON–Danish shipping giant A.P. Moller Maersk A/S (AMKBY) is in talks with Vitol SA over reports the trading house chartered one of the

The DNV-classed Far Solitaire (UT 754 WP) was delivered today from the STX OSV Langsten shipyard to its new owner, Farstad Shipping.  Last month, this vessel

Prosafe announced today they have signed a Letter of Intent for the construction of a semi-submersible accommodation rig at Jurong Shipyard Pte Ltd (JSPL) in

(Bloomberg) — European Union plans for a trade artery between the Black and North seas have stalled as an upgrade of the Danube waterway is held up by

The International Chamber of Shipping (ICS), whose members represent more than 80% of the world’s merchant fleet, has expressed disappointment and

On Monday, with support from BAE Systems Southeast Shipyard and Berard Transportation, Austal USA successfully completed the launch process of the recently

– By Claude Berube In many places of the world, abortions are illegal and highly taboo.  One such place is Morocco, yet approximately 600 to 800 women

After months of close work with Lloyd’s Register, Greek shipowner gains international standard  Piraeus-based tanker owner, Neda Maritime Agency Co.

(Bloomberg) — Hong Kong recovered the boat that was partially sunk in a crash that killed at least 38 people, and started an inspection to find the cause

Three contracts worth a total of NOK 9.17 billion (USD $1.6 billion) were signed today by Statoil and its partners for use of the semisubmersible drilling

Since acquiring Smedvig ASA in 2006, Seadrill has operated its management service company, Seadrill Management AS out of Stavanger, Norway while establishing

Petroleo Brasileiro SA (PBR) is very near to closing a deal on the sale of up to $6 billion in Gulf of Mexico assets, and has narrowed talks down to

Seismic vessels are among the most specialized vessels on the ocean, and as such, have very unique operational characteristics. In consultation with key

— By Gregory Lewis and Anthony Sibilia, Barron’s Online Is the midwater-rig market poised for a pickup? We think so! Increasing demand for midwater

At the end of August, Indonesian composite shipbuilder, North Sea Boats launched one of the most unique warships in the world from their facility in East Java.

Everyone seems to looooooooove the X-bows, including Shell, who has partnered up with the Ulstein Group to come up with a next generation design of an

The Island Innovator, a DNV-classed semi-submersible drilling and well intervention rig was delivered today by COSCO Qidong shipyard to its new owner, Odfjell