News

Austal held a keel-laying ceremony today for the third Independence-variant Littoral Combat Ship (LCS) – Jackson (LCS 6), one of five Austal-designed

MILAN – Saipem announced today they have been awarded new offshore engineering and construction contracts worth $1.1 billion in Brazil, Angola and the

The Valemax iron ore carrier Vale Minas Gerais docked at the port of Villanueva in the Philippines on Wednesday marking the first time a Valemax ore carrier

(Bloomberg) — Iranian oil tankers are mistakenly signaling their flag state as Tanzania-Zanzibar and no such registration took place, according to a

A report by NOAA in 2006 warned that “despite the implementation of domestic and international management measures, the status of Atlantic blue and

On 15 October, the fishing vessel Thejan Putha was hijacked approximately 50 nm off the Hambantota Coast of Sri Lanka. Ten armed asylum seekers-turned pirates

LONDON–Royal Dutch Shell PLC (RDSA) said Thursday that major construction had begun on the world’s first floating vessel that will use new

Following a lost of power during tropical storm Isaac off Cuba on 26 August, the Liberian-flagged container ship Hansa Berlin found herself bricked up off the

Reflecting its renewed competitiveness in the international market for small and medium-sized commercial vessels, Austal announced today that they have

SINGAPORE–Keppel Corp. (BN4.SG) Thursday said third-quarter net profit fell 14.7% from a year earlier as a rise in costs outpaced revenue growth. Net

Diamond Offshore (NYSE: DO) reported their third quarter results today with somewhat mixed results.  Their net income for the third quarter was down 30

A recent investigation by the UK P&I Club revealed evidence that compliance with low sulphur fuel regulations has exacerbated ever-increasing incidences

On July 14, 2012, the MSC Flaminia was on a routine voyage from Charleston, USA to Bremerhaven, Germany, when a massive explosion crippled the ship. Of the 22

SHENZHEN–Shipping giant China Cosco Holdings Co. (1919.HK, 601919.SH) is teaming up with its Shanghai-based archrival to jointly operate major domestic

LNG fueled propulsion has been shown to meet the strictest emissions control regulations – such as the global 0.5% sulphur cap, to be implemented between

Dutch heavy lift operator Dockwise announced today that it has been awarded 10 new contracts and contract extensions for the mobilization of six drilling rigs,

While in Hamburg, Germany last month I sat down with Henrik Uhd Christensen, the Chief Executive of VIKING Life-Saving Equipment, a familiar brand to many who

(Bloomberg) — The biggest slump in Indian iron-ore exports on record is driving rates for ships hauling the cargoes to the lowest since at least 2005,

RIO DE JANEIRO–Brazil’s Merchant Marine Fund has approved additional financing for oilfield services company OSX Brasil SA (OSXB3.BR) to complete

Just days after an explosion killed 6 shipbreakers in Alang India, the European Commission is considering a proposal to legalize the export of toxic,