News

(Bloomberg) — Wärtsilä Oyj, the world’s biggest maker of ship motors and power plants, fell the most in a year as customers postponed

(Bloomberg) — Mario Monti’s government is trying to attract as much as $18 billion in investment to Italy by relaxing a ban on offshore oil and

NEW DELHI–India’s state-run Oil & Natural Gas Corp. (500312.BY) will continue to explore for oil and gas offshore Vietnam in the South China

COPENHAGEN–Financially-troubled Danish shipper Torm A/S (TORM.KO) said Thursday it is still in talks to seal a long-term debt refinancing deal that

(Bloomberg) — Odyssey Marine Exploration Inc., a deep-ocean exploration company, said it recovered about 48 tons of silver from a World War II shipwreck

In mid-May, the SUNY Maritime training ship, Empire State, paid a visit to the Azores and left a bit of their bottom paint on the jetty.  This image was

(Bloomberg) — China secured the release of a 26- man crew aboard a Taiwanese fishing boat that was captured by Somali pirates more than 18 months ago,

(Bloomberg) — The number of oil-tankers booked to haul 2 million-barrel cargoes of crude from ports in the Persian Gulf is poised to slump to a 17-month

Appendages to the propulsion system at the stern of a vessel can offer ship owners and operators an easy and relatively painless solution to improving fuel

LONDON (Dow Jones) —Royal Dutch Shell PLC (RDSB.LN) could face a record $5 billion fine from authorities in Nigeria for an oil spill off the coast of

By Hursh Joshi, MaerskLineSocial Maersk Line does everything it can to avoid creating a negative impact on the marine environment. Despite these efforts on

(Bloomberg) — The world’s container shipping lines boosted reliability in June in terms of the number of boxes delivered on time, according to a

In a move to reduce debt, and to the overall benefit of the struggling dry bulk industry, Seanergy Maritime Holdings Corp (NASDAQ: SHIP) announced today that

Seajacks announced today they have placed an order with UAE-based Lamprell for the construction of a new self-propelled jack-up vessel, specifically designed

Recently the second of a series of four Damen Stan Patrol Vessels 4207, going by the name of ‘Oriku’, has been finalized in the Pashaliman

Rolls-Royce announced today that they have signed a £10 million contract with Simon Møkster Shipping for a wave piercing offshore vessel with a striking

(Bloomberg) — Sales of offshore wind turbines collapsed in the first half, a sign the power industry and its financiers are struggling to meet the

HOUSTON – (BUSINESS WIRE) – McDermott International, Inc. (NYSE: MDR) announced today that one of its subsidiaries has been awarded two projects

Aker Solutions announced today that they have signed a NOK 440 million SURF contract with McDermott, the main EPCI contractor for the Australian Ichthys

LONDON–U.K.-listed oil explorer Tullow Oil PLC (TLW.LN) said Monday it has decided to abandon a high-pressure oil well it was drilling off the coast of