News

(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

The American Maritime Partnership, representing more than 40,000 Jones Act vessels, issued a statement late Thursday regarding the delivery of petroleum and

Captain Robin Walbridge and the crew of the Bounty made a port call in Belfast, Maine this past August and gave a very telling interview with one of the

The American Bureau of Shipping (ABS) announced today they have signed a Memoranda of Understanding (MOUs) with several Korean entities to advance local

(Bloomberg) — Samsung Heavy Industries Co., the world’s second-largest shipyard, rallied the most in eight months in Seoul trading after

The United States Coast Guard’s Atlantic Area Commander, Vice Admiral Robert C. Parker and Rear Admiral Richard T. Gromlich, director of Operational

The Tilos‘ days are numbered following Goldenport Holdings Inc. (LSE: GPRT) announcement today that she has been sold and delivered to a third party

In the above video, Robert Kunkle, Technical Advisor at Mid Ocean Tanker Company (MOTC) talks with CNBC about the impact of Hurricane Sandy to the tanker trade

After spending two weeks in uncertain conditions somewhere in Nigeria, the 7-person crew of the Bourbon Liberty have been released by their captors.  The 7

(Bloomberg) — Rates for tankers hauling refined fuels jumped to more than a six-month high as superstorm Sandy disrupted shipping schedules, according to