News

Wilhelmsen Ships Service (WSS) has reported  consistent growth and increased market awareness over the last few years for its world-leading portfolio of 

Worldwide Maritime Crime and Piracy Update – week of 16 February 2012 (source: ONI) ARABIAN SEA: Vehicle carrier M/V LEILA reportedly hijacked on 15

Creditors of General Maritime Corp. (GMRRQ) are accusing the oil tanker operator and “old friend” Oaktree Capital Management LLC of contriving to

(Dow Jones) Teekay Corp.’s (TK) fourth-quarter earnings fell 44% on the impact of derivatives and other items, though the company reported revenue

(Dow Jones) Norwegian supply vessel operator Siem Offshore Inc. (SIOFF.OS) said Thursday that a relatively strong market for supply vessels in the North Sea as

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd.’s (S51.SG) fourth-quarter net profit fell 4.3% mainly because of lower operating profit from rig

SEOUL (Dow Jones)–Hanjin Shipping Co. (117930.SE) will maintain a oil hedging ratio of 30% of bunker fuel purchases this year in order to be less

TOKYO – Mitsui O.S.K. Lines, Ltd. today announced that the 78,000 DWT MOL-operated containership MOL Maneuver collided with the containership Zhen

(Dow Jones) Genco Shipping & Trading Ltd. (GNK) unveiled plans to offer $50 million worth of common stock to pay for general corporate purposes. Shares of

A new generation of 37,000-tonne tankers have been ordered for the Royal Navy fleet, the Ministry of Defense announced today. The new Military Afloat Reach and

JAKARTA (Dow Jones)–Indonesia needs to move quickly to expand and modernize its ports to keep up with a recent increase in exports and imports generated

SINGAPORE (Dow Jones)–Singapore’s Neptune Orient Lines Ltd. (N03.SG) on Wednesday reported a fourth consecutive quarter of losses and said it is

Technip was awarded by Statoil a contract, valued above €150million, for the major Åsgard Subsea Compression project located in the Norwegian Sea, 40

Northern Europe’s leading industrial gas company, AGA Gas AB, and Viking Line have signed an agreement on delivery of liquefied natural gas (LNG) to

STOCKHOLM -(Dow Jones)- The survival of BP PLC (BP) was at risk after the company was essentially shut out of lending markets following the Gulf of Mexico oil

In his first official visit to the country after assuming office last January 2, International Maritime Organization (IMO) Secretary General Koji

Just under two years ago, Faststream Recruitment, a UK-based maritime recruitment firm was hired by BP to provide contract workers for the Gulf of Mexico oil

Djibouti’s busy port is one of the most important gateways to the African continent and is strategically located at the confluence of the Red Sea and the

Diana Containerships Inc. (Nasdaq:DCIX), a global shipping company specializing in owning and operating containerships, today announced that the Company took

Huisman, the specialist in lifting, drilling and subsea solutions, successfully delivered the 600mt Wind Turbine Installation Crane onboard GeoSea’s DP2