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USS Carl Vinson Strike Group, Exercise Tandem Thrust 2003, US Navy Photo WASHINGTON (Dow Jones) Rear Adm. (Ret.) Robert James’s characterization of

In a webcast yesterday, Transocean, Ltd. (NYSE:RIG) CEO, Steven Newman, had a lot of positive news for investors, in stark contrast to their dismal stock price

Mars Tensioned-Leg Platform (TLP), Image by Garve Scott-Lodge  HOUSTON (Dow Jones)–Royal Dutch Shell (RDSA) said Thursday it has received approval from

Worldwide Piracy and Maritime Crime Summary, Week of 28 July 2011 (Source: ONI) Somali piracy incidents are occurring at low levels. This is likely due to the

SINGAPORE (Dow Jones)–Keppel Corp. (BN4.SG) said Thursday its unit has secured two contracts worth a total of S$146 million. As part of the first

Correction to this article…  Ship brokers MJLF & Associates pointed out to us this morning that VLCCs burn ~100MT of fuel per day, which results in

  Photo: Liao Shu-ling, Taipei Times SINGAPORE (Dow Jones)–The freight market for vessels carrying clean petroleum products may weaken in the coming

KALGOORLIE, Australia (Dow Jones)–Nearly a third of the world’s minerals could come from the deep sea using technology similar to that employed by

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Tuesday its second-quarter net profit fell 15% from a year earlier because of a sharp

HVDC Light transmission link will connect North Sea wind farms to German power grid Zurich, Switzerland, Aug. 2 2011 – ABB, the leading power and

  Photo: SHASHI ASHIWAL www.thehindu.com There must be a giant magnet sitting underneath Mumbai’s Juhu Beach because in less than 6 weeks, two huge

The MV Oceania (left) going down after a collision with the MV Xin Tai Hin (right) near Pulau Pisang. Image via NewStraitsTimes  In this unofficial account,

Spread Between Futures Contracts Makes Stashing Crude Offshore Attractive LONDON (Dow Jones)—Storing oil in tankers offshore is on the rise again in the

Out of the ashes of the once financially troubled Northrop Grumman Shipbuilding, Huntington Ingalls Industries charges ahead with the award of a $504M contract

Norwegian seabed-to-surface engineering and construction contractor Subsea 7 SA (SUBC.OS) Friday said it has won a $440 million contract from Chevron Australia

This Warning Notice, published by the International Sailing Federation (ISAF), is intended for Yacht Skippers considering a passage through the Gulf of Aden,

HOUSTON (Dow Jones)–BP PLC (BP, BP.LN) said Thursday it is pulling all personnel from offshore oil platforms located in the southern Green Canyon area

DUBAI (Zawya Dow Jones)–The MV Jubba XX, an oil tanker owned by and flagged to the United Arab Emirates, was released by pirates Wednesday, the

Maritime Crime and Piracy Summary, week of 21-27 July 2011 (Source: ONI) GULF OF GUINEA: Tanker (RBD ANEMA E CORE) was hijacked 24 July at 0140 UTC while

AMSTERDAM (Dow Jones)–SBM Offshore NV’s (SBMO.AE) shares slumped Thursday after the Dutch oil services company booked a $450 million charge