News

Seadrill announced today they have ordered two high specification jack-up drilling rigs to be built at China’s Dalian Shipbuilding Industry Company

(Bloomberg) — Record production of so-called ultra-light oil from U.S. shale deposits will spur demand for tankers hauling refined fuels because of

(Bloomberg) — ConocoPhillips may cease shipments of liquefied natural gas from the U.S.’s only export terminal in Alaska because of insufficient

Ferus Smit shipyard in Westerbroek, The Netherlands launched the M/V Volgaborg today, the third of three multipurpose cargo ships built for Wagenborg Shipping.

Over the last few years, the exhaust gas cleaning system (EGCS) / scrubber market within the maritime industry has accelerated and with it so has scrubber

On 25 January 2013, the Media Luna, a newly-built AVT 3000 Class Voith Schneider tug sailed into Puerto de Bolivar, Colombia after voyaging under her own

By Melissa Akin MOSCOW (Reuters) – BP, which lost its first deal to drill for oil in Russia’s Arctic to ExxonMobil, tried to negotiate a new deal

By Jonathan Saul LONDON, March 4 (Reuters) – Archer Daniels Midland Co unwittingly used a vessel controlled by a sanctioned Iranian shipping firm last

(Bloomberg) — Transocean Ltd., the owner of the Deepwater Horizon rig that exploded while drilling in the U.S. Gulf of Mexico in 2010, reinstated

(Bloomberg) — Global shipbuilding capacity is about a third lower than it was at the 2008 peak as yards close or reduce employment, RS Platou Economic

UAE-based rigbuilder Lamprell (ticker: LAM), announced today that James Moffat has now taken up his role as Chief Executive Officer (CEO) for the Group. Peter

(Bloomberg) — Iran has a $3 billion credit with Turkey over natural gas it sold to its neighbor and may use it to import commercial and leisure ships,

(Bloomberg) — A lack of cargoes is limiting the market to ship liquefied natural gas as production needs to resume in Nigeria and start in Angola for

Here is a sneak peak at the U.S. Navy’s new Mobile Landing Platform (MLP), USNS Montford Point. The MLP is a new class of auxiliary support ship,

New chartering contracts for LNG are key to improving fuel efficiency in the sector, according to an official from French energy company Total. “The

By Nidhi Verma NEW DELHI (Reuters) – India’s Mercator Lines has stopped offering a ship for transporting Iranian oil to India due to U.S. political

Large cranes arrive on board a transport ship at a global shipping port being constructed in Stanford-le-Hope near London March 1, 2013. Three of the five

By Ari Rabinovitch JERUSALEM (Reuters) – The latest floating terminal technology could be the key to unlocking gas exports from Israel’s Tamar

(Reuters) – Ship owner Capital Product Partners LP said it would continue to lease three of its product tankers to Overseas Shipholding Group Inc, which

ATHENS, GREECE–(Marketwire – Feb 28, 2013) – Capital Product Partners L.P. (the “Partnership” or “CPLP”)