News

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

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSA.LN) Chief Executive Peter Voser said Thursday the Anglo-Dutch energy giant is in early stage talks with

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE), the world’s No. 3 shipbuilder by sales, said Thursday its

Image by Alastair Grant/AP LONDON — BP PLC shares fell Tuesday amid investor frustration at the company’s growth strategy in the wake of the Gulf

SINGAPORE (Dow Jones)–Asia’s clean-petroleum tankers market will likely stay supported by increasing naphtha demand in the coming week, while slow

AMMAN (Dow Jones)–The Iraqi government has officially asked Kuwait to stop work on the Mubarak Al Kabeer being built on the northern tip of the Persian

In the tale of two U.K. energy companies Tuesday, there was only one winner. Natural-gas-focused BG Group and oil company BP both reported higher first-half

New notation, ‘ShipRight FDA ICE’, introduces procedures which can help owners to manage their risks  Lloyd’s Register has given shipowners

The Perini Navi Group has launched a new series of 60 mt sailing yachts and has already signed two sales contracts for a total value of more than 70

NEW DELHI—India on Friday approved Reliance Industries Ltd.’s proposed $7.2 billion asset sale to BP PLC, paving the way for the U.K. oil

WASHINGTON (Dow Jones)–U.S. investigators are delaying the release of a much-anticipated report on the Deepwater Horizon oil spill, citing the need for

COVINGTON, LA  Hornbeck Offshore Services, Inc. (NYSE: HOS) and Marine Spill Response Corporation (MSRC) announced today that they have entered into a

Moving oil from the Middle East to Europe isn’t as easy as it used to be. For many European nations, sourcing oil from countries such as Saudi Arabia or

gCaptain.com’s Rob Almeida interviews Dr. Eleanor Kirtley from the Seattle-based naval architecture firm Glosten and Associates. Their discussion focuses

SINGAPORE (Dow Jones)–Keppel Corp. Ltd. (BN4.SG) Thursday reported better-than-expected growth in second-quarter net profit after profit contributions

(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) second-quarter earnings jumped 19% as the company posted stronger revenue, though day rates fell and

SEOUL (Dow Jones)–Hyundai Steel Co. (004020.SE), South Korea’s second-largest steelmaker by sales, said Thursday that it expects to win orders in

BEIJING—China plans an ultradeep dive by a manned submersible beneath the Pacific that would propel it past the U.S. in a race to explore potentially

NORFOLK, Va. —Three accused Somali pirates pleaded not guilty Wednesday to charges of killing four Americans on a hijacked yacht off the coast of