News

Odfjell announced today they have signed a newbuild contract worth close to USD $160 million with Hyundai Mipo Dockyard for four new 46,000 DWT chemical

(Bloomberg) — U.S. defense contractor Raytheon Co. won an appeals court ruling that revives claims Flir Systems Inc.’s Indigo Systems unit lured

(Bloomberg) — European Union regulators dropped an antitrust probe into marine-insurance agreements among groups of ship owners, saying there

LONDON–Royal Dutch Shell PLC (RDSB) expects to drill eight wells in the second half of its two-year Arctic exploration program, three more than it had

Fully-owned by Maersk until recently, the LNG carriers MILAHA RAS LAFFAN and MILAHA QATAR, recently carried out their first loading operations this month under

Overseas Shipholding Group, Inc. (NYSE: OSG), one of the world’s largest publicly traded tanker companies in the world carrying nearly 11 million DWT

Siem Offshore announced today the sale and delivery of the  4500T multi-purpose ROV support vessel, Siem Swordfish, which was concluded on July 31st.  This

SINGAPORE–Cosco Corp. Ltd. (F83.SG) said Wednesday its net profit in the fiscal second quarter fell 13% as revenue from its shipyard operations fell and

While Royal Navy ships protect the London Olympics others have rushed to prevent a pirate attack in the Middle East.  The minehunters HMS Middleton and HMS

(Bloomberg) — Oil in New York headed for the first monthly increase since April before meetings of central bank policy makers to discuss the economy and

To meet the increased need of polar scientific research,  China’s State Oceanic Administration (SOA), Chinese Arctic and Antarctic Administration

The North American Emission Control Area (ECA), under the International Convention for the Prevention of Pollution from Ships (MARPOL), comes into effect from

Prosafe has been awarded a contract by an undisclosed client for the provision of the Safe Scandinavia accommodation support rig at a project in the British

New York City Prison Barge, The Vernon C. Bain Center (VCBC), is an 800-bed jail barge that is designed to handle inmates from medium- to maximum-security in

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd., which hasn’t announced any 2012 ship orders, may find winning deals even harder

With an average contract duration of over 10 years, Greek containership owner, Danaos Corporation (NYSE: DAC) is largely protected from the fluctuations found

MELBOURNE–A worldwide glut of containers and a fall in demand for shipped goods during the global financial crisis have pushed shipping prices to

TOKYO–Nippon Yusen KK (9101.TO) said Tuesday that it has slashed its investment to build new liquefied natural gas carriers and floating production,

(Bloomberg) — Losses widened for oil tankers hauling 2 million-barrel crude cargoes on the industry’s benchmark route to Asia from the Persian Gulf

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. plunged to its lowest level since 2010 in Hong Kong trading after the U.S. Securities