News

Frontline Ltd., the world’s largest operator of supertankers, reached an eight-month low in Oslo trading after forecasting deteriorating returns from

Bourbon SA, owner of the biggest fleet of supply and crew ships for the oil industry, swung to a profit in the first half and said an increase in

Sembcorp Marine’s subsidiary Jurong do Brasil Prestacao de Services Ltda (JDB) announced today that they have secured a US$674 million contract for the

At around 1740hrs tonight, fire broke out onboard the Purse Seiner Ocean Breeze while in dry-dock in Lyttelton, New Zealand. The trawler was under repair after

International cargo shipper Goldenport Holdings Inc. (LSE: GPRT) announced today that it has agreed to acquire the sub-Panamax, 2,100 TEU container vessel

The Great Eastern Shipping Company Ltd. took delivery of a 1990 built Very Large Gas Carrier (VLGC) “Jag Vidhi” [about 49,700 dwt (75,000 cbm)].

China, the world’s biggest coal consumer, is poised to reduce imports of the commodity from Australia after the gap with domestic prices narrowed,

For the first time this year, slowing growth in oil demand is spurring analysts to cut estimates for earnings in the tanker industry’s largest vessels.

Mariners in the Gulf of Mexico region reported to us yesterday of a continual alert being received over distress frequencies off Cuba, one that we have been

On Saturday morning, the passenger ferry, Provincetown III, was delivering 149 passengers from Boston to the north-eastern tip of Cape Cod when it slowed to an

Athens-based containership owner/operator, Costamare Inc. (NYSE: CMRE) announced today that it has purchased the 15 year-old, 2,458 TEU container vessel

(Bloomberg) — Samsung Heavy Industries Co. plans to offer 500 billion won ($440 million) of bonds next month as South Korean shipyards sell a record

Seadrill Ltd.’s (SDRL, SDRL.OS) second-quarter earnings fell 14% as higher operating expenses masked the Norwegian oil-services company’s rise in

SINGAPORE–Triyards Holdings, a unit of offshore services provider Ezra Holdings, has been granted conditional eligibility to list on the mainboard of

The tow boat Major General John Peabody uses to survey his domain as regional head of the Corps of Engineers couldn’t stop last week in Greenville,

My name is Kumi Naidoo. I’m from Africa. I’m the executive director of Greenpeace International. I am participating in this action to draw

MOSCOW–OAO Gazprom (GAZP.RS) said Greenpeace activists who climbed onto its Prirazlomnaya offshore oil platform in the Arctic early Friday are not

The final three of six new ZPMC super-post Panamax cranes arrived at the Port of Seattle in late July aboard the heavy lift semi-submersible, Zhen Hua 23,

Greenpeace activists scaled OAO Gazprom’s Prirazlomnaya platform in the Arctic to protest drilling plans on Russia’s first major oil project in the

Shipping lines that carry generators and giant trucks for General Electric Co. and BHP Billiton Ltd. are becoming takeover targets amid a lack of funding for