News

LONDON–The sliding price of North Sea Forties crude, the main component of global benchmark Brent, is set to find support as up to 2 million barrels of

SINGAPORE (Dow Jones) —National Iranian Oil Co. will move its top fuel oil trader to head its Beijing office next month just as Europe’s embargo

Technip announced today they have been awarded a services contract for the Ichthys floating production storage and offloading (FPSO) unit.  This contract

At the Überseebrücke pier, the Port of Hamburg has for the first time been able to welcome an LNG-fuelled ship. The KV BARENTSHAV belongs to the

I met up with Pankaj Khanna, Chief Marketing Officer at Ocean Rig UDW at Marine Money in New York this week.   Ocean Rig (ORIG:NASDAQ) owns 9 offshore

Qatar Shipping SPC, a wholly owned subsidiary of Milaha (Qatar Navigation QSC), has secured a ten year US $110 million ship financing facility with QNB.

View Larger Map SYDNEY–A major rescue effort is underway after a boat carrying up to 200 asylum seekers capsized off the coast of Australia’s

OSLO (Dow Jones) –Norwegian oil giant Statoil ASA (STO) said Thursday it expects global oil demand to peak at 103 million barrels a day around 2030,

A new guide from Lloyd’s Register provides owners and operators with the technical information to reduce emissions in a cost-effective manner.  

Polarcus Limited (OSE: PLCS), a marine geophysical company headquartered in the UAE, announced today they had taken delivery of the Polarcus Adira, the eighth

Island Offshore took delivery today of the MV Island Crusader from STX OSV, Brevik.  This is the first of two Rolls-Royce designed gas powered vessels ordered

Effective from January 2013, Mr. Craig Jasienski has been appointed new president and CEO for EUKOR Car Carriers Inc., succeeding Mr. Sjur Galtung who will be

Rolls-Royce announced today the signing of an £18 million contract with Italian shipyard Rosetti Marino S.p.A for the design and delivery of an integrated

Technip was awarded by Marathon Oil Norge AS an engineering, procurement, installation and commissioning contract, worth above €300 million, for the

Greek shipowner, Paragon Shipping Inc. (NYSE: PRGN), announced today that it has taken delivery of the M/V Precious Seas, a 37,205 dwt Handysize vessel, from

The Berge Acongagua, owned by Norwegian company Bergesen Worldwide (BW Group) and operated by Brazilian mining group, Vale, docked at Nippon Steel Corporation

Just when we had almost forgotten about the ongoing construction of the world’s largest ship (by dimensions), Rolls-Royce, announced today they won the

In their second news release of the day, South Korean shipbuilder and engine manufacturer, Hyundai Heavy Industries, announced it has started exporting the

SEOUL (Dow Jones) –Hyundai Heavy Industries (009540.SE), the world’s largest shipbuilder, said Sunday it has won three orders worth a combined $600

Under perfect sailing conditions since leaving Newport, Rhode Island, the course record for the historic 635 nautical mile Newport-Bermuda Race was fully