News

It’s been a helluva year so far for Singapore-based offshore contractor, Ezra Holdings Limited, who has reported a 244% leap in net attributable profit

(Bloomberg) — Scrap prices for dry-bulk ships have plunged 13 percent in the past year as oversupply and unprofitable charter rates prompt owners to

COSCO Shipyard Group Co., a 51 percent-owned subsidiary of the COSCO Corporation, announced today that the following newly-built bulk carriers have just been

MOSCOW–Russia’s sea ports handled a total of 271.3 million metric tons of cargo in January-June, 5.4% more than in January-June 2011, according to

SINGAPORE–Rig builder Keppel Corp. (BN4.SG) said Wednesday that its Keppel FELS Brasil unit has secured a floating production storage and offloading

HOUSTON – Atwood Oceanics Inc. (NYSE: ATW), announced today that one of its subsidiaries has been awarded a twelve-month contract extension with an

Statoil has awarded Technip a letter of intent for construction of the hull for the world’s largest Spar platform on the Aasta Hansteen field. This will

July 11, 2012– Chenega Federal UK Ltd announced today the launch of Open Ocean, its intelligence led, integrated maritime security service. Led by a

MUMBAI–United India Insurance Co. has agreed to provide protection and indemnity cover to Indian tankers carrying oil from Iran with General Insurance

IRVING, Texas- Exxon Mobil Corporation (NYSE:XOM) announced today that its subsidiary, Esso Exploration Angola (Block 15) Limited (Esso Angola), has started

LONDON–Royal Dutch Shell PLC’s (RDSB.LN) controversial plan to drill for oil in waters off Alaska’s Arctic coast faces delays as the company

On June 30, Linden Pride, an NYK-owned LPG carrier rescued four Chinese fishermen in the vicinity of a fishing trawler sinking in the South China Sea. Linden

(Bloomberg) — Oil fell after Norway ended a strike that threatened to halt output by western Europe’s largest crude exporter and as China reduced

(Bloomberg) — Record coal stocks at power plants in China, the biggest consumer of the fuel, are threatening to reverse the rally in rates for commodity

(Bloomberg) — Norway’s government ended a 16-day dispute between offshore oil and gas workers and their employers, averting a lockout that had

For those analysts who were predicting jack-up day rates to remain flat for the forseeable future, international offshore drilling contractor, Atwood Oceanic

ATHENS – Greek containership owner, Danaos Corporation (NYSE: DAC), announced today that on June 29, 2012, it took delivery of its fifth and final 13,100

LONDON–Chevron Corp. (CVX) will invest billions of dollars developing a giant offshore project in a remote and technically challenging corner of the

(Bloomberg) — The surplus of tankers available to haul European gasoline across the Atlantic Ocean is set to remain at the highest in at least a year as

SINGAPORE–Saudi Arabian Oil Co., or Saudi Aramco, is shipping fuel oil from Northwest Europe to the Red Sea to meet Saudi Arabia’s peak domestic