News

Lamprell announced today the receipt of a USD $227 million contract award from an international drilling contractor for the construction of a jackup drilling

LONDON -(Dow Jones)- The senior BP PLC (BP.LN) executive accused of taking cash payments in return for giving sweetened tanker chartering terms has been

LONDON (Dow Jones)–Two cargoes of Nigerian Usan crude have been delayed from May to June, traders told Dow Jones Newswires Monday. The Total

DOF announced today that they have signed a NOK 225 million contract with Apache Energy Limited for the use of the anchor handling tug supply vessel, Skandi

Norwegian shipowner, Eidesvik, has entered into sales agreements of USD $64 million for the two supply vessels Viking Surf (built 2002) and Viking Thaumas

Hamilton, Bermuda – Seadrill continues to see strong demand for modern ultra-deepwater drilling rigs driven by high oil prices and large deep-water

The Arctic has large oil and gas resources and operations in this sensitive and harsh area will require efficient oil-spill preparedness solutions. “The

Bunker and crude prices stabilized this week as better than expected earnings and moderately improving government data had speculators holding their ground. 

By Hyundai Heavy Industries As the fuel consumption efficiency of a ship is becoming a primary concern for shipowners, the length of the hull and the operating

Given the current price of low sulfur diesel, the enormous global emphasis on reducing the carbon footprint of our industry, and the fact the price of natural

  SHANGHAI (Dow Jones)–China Cosco Holdings Ltd. (1919.HK) said Thursday that its net loss widened in the first quarter as its dry-bulk shipping

Houston-based offshore drilling contractor, Atwood Oceanics, announced today that one of its subsidiaries has been awarded a drilling services contract by a

USNS Spearhead (JHSV 1), the innovative high-speed catamaran transport ship under construction by shipbuilder Austal in Mobile, Alabama, successfully completed

Jumbo’s DP2 heavy lift vessel Jumbo Javelin has successfully installed the first Transition Pieces (TPs) for the Anholt Offshore Wind Farm in Denmark.

In a safety first for Aberdeen based diving contractors, Helix Well Ops UK successfully completed a dress-rehearsal of a saturation diver evacuation using a

In response to their continued global expansion, American Bureau of Shipping (ABS) has strengthened its executive leadership team with the election of Tony

Rolls-Royce provides equipment found on over 30,000 ships in 70 different navies around the world, including nearly every ship in the US Navy.  I met up with

Costamare Inc. (NYSE: CMRE), an Athens-based owner and charterer of containerships announced today that it has agreed to sell two 1984-built containerships,

If you’re in Bremerhaven, Germany and were expecting a container shipment from Port Said on board the Gerd Maersk, it’s going to be delayed…

The following is the summary of global piracy for the week of 19-25 April and weekly piracy warning, via Office of Naval Intelligence. YEMEN: Fishing vessel