News

(Bloomberg) — Clarkson Plc, the world’s largest shipbroker, plunged the most since 2009 after saying this year’s earnings will be lower than

– By Donna McKinney, US Navy Research Laboratory With its strong dependence on gas-turbine engines for propulsion, the U.S. Navy is always looking for

Bermuda-based Knightsbridge Tankers (NASDAQ: VLCCF) reported their Q3 financials today and gave us an overview of the tanker and dry bulk markets.  With

By Jeonghee Han, Greenpeace Last summer Korea shocked the international community by announcing it would start ‘scientific’ whaling. Surprised by

Yemen plans to start negotiations with foreigner buyers of its liquefied natural gas to raise LNG prices in an effort to increase the impoverished

Workers on board the Floatel Superior operating on the Norwegian Continental Shelf had a rude awakening on Wednesday when they were forced to muster at their

After Overseas Shipholding Group, Inc. (NYSE:OSG) announced last month they were considering filing for Chapter 11 bankruptcy protection, their stock took a

At the end of June, the National Shipping Company of Saudi Arabia (Bahri) announced plans to merge with Saudi ARAMCO’s shipping arm, Vela International,

In an exclusive interview with ABC’s Good Morning America today, the crew of the ill-fated tall ship Bounty speak. Here’s what they had to say.

(Bloomberg) — A glut of the largest oil tankers in the Persian Gulf was poised to remain unchanged for a second week, a Bloomberg News survey showed.

Ever since the Bounty sank off Cape Hatteras last week a fiery online debate has literally raged. It’s a tragic event that pretty much everyone who has

Wärtsilä announced today the winning of a significant order from the Kuwait Oil Company to supply 28 engines for 14 new vessels under construction at

(Bloomberg) — Oil-tanker rates have jumped for vessels hauling refined fuel cargoes from the Caribbean and Europe on strengthening export volumes from

Transocean Ltd.’s (RIG, RIGN.VX) third-quarter loss widened as asset impairment and other items masked the offshore-drilling company’s revenue

Athens-based ship owners, Alpha Tankers and Freighters International, have chosen MAN Diesel and Turbo dual-fuel engines for two 160,000 m³ LNG carriers

KUALA LUMPUR–SapuraKencana Petroleum Bhd. (5218.KU) plans to acquire the tender rigs business of Norway’s SeaDrill Ltd. (SDRL.OS) for an

Over the past few days it was unclear whether or not the US Navy would be officially tasked to provide disaster relief to New York and New Jersey.  It

(Bloomberg) — Tankers able to deliver almost 215,000 metric tons of gasoline are waiting outside New York Harbor to unload their cargoes after the worst

US Department of Homeland Security Secretary Janet Napolitano has issued a Jones Act waiver to allow foreign-flagged ships from the Gulf of Mexico into ports

China’s Zhejiang Shipbuilding delivered the platform supply vessel Bourbon Calm today, the third in a series of four platform supply vessels of