News

Leg 8 of the Volvo Ocean Race recently took the fleet from Lisbon, Portugal, around the Azores, to Lorient, France.  Along the way however, they encountered

By Jarle Hammer, Republished from the DNV Bulk Carrier Update The dry bulk market has deteriorated significantly over the last six months, although rates have

PORT ARTHUR, Texas (Dow Jones)–Global oil supply is exceeding demand by 1.5 million barrels a day, the chief executive of state-owned oil giant Saudi

(Dow Jones) COPENHAGEN–The port-operating arm of Danish shipping and oil company A.P. Moller Maersk A/S (MAERSK-B.KO) Friday signed an agreement with

A lot of news this week, but not much total change in oil prices.  Minute by minute volatility is the only constant we have in this market.  While it

Tokyo – ClassNK has announced the release of new amendments to the ClassNK Rules on 15 June 2012. ClassNK constantly reevaluates its Technical Rules and

Tokyo – ClassNK announced today that it signed an agreement with the Lithuanian Maritime Safety Administration on 14 June 2012 granting ClassNK the

SBM Offshore announced today that they have received a letter of interim award (LOIA) from Shell for the supply, lease and operation of a FPSO for the Fram

The Leiv Eiriksson Consortium, a Norwegian continental shelf consortium managed by Rig Management Norway, has today awarded Eidesvik two contracts for their

Transocean Ltd. (NYSE: RIG) (SIX: RIGN), the world’s largest offshore drilling contractor, announced their monthly fleet update summary today with a

(Dow Jones) Citing environmental concerns, France Wednesday suspended offshore oil exploration drilling permits in its overseas district of Guyana, a move that

Castrol Marine has extended its cylinder oil range to address concerns about engine damage and performance as slow steaming and fuel sulphur content

A Damen Cutter Suction Dredger, type CSD500, has been built under license by Canal Naval Construction for the Egyptian General Authority for Fish Resource

(Dow Jones) LONDON–The price-supporting trade in crude oil from the North Sea to South Korea looks set to continue in July as Statoil ASA (STO) moves

STX OSV announced today that they have secured a contract for the design and construction of a large, advanced Offshore Subsea Construction Vessel (OSCV)

(Dow Jones) NEW DELHI–India has sought more crude oil and liquefied natural gas from Saudi Arabia, Algeria and Qatar as the U.S. and European Union

Farstad Shipping announced today the winning of charter contracts for 9 of their vessels, including two newbuild PSVs for Statoil.  Excluding options, the

Greek shipowner Seanergy Maritime Holdings (NASDAQ:SHIP) announced the sale of their 1995-built, 172,173 DWT Capesize bulk carrier, BET Scouter, now destined

(Dow Jones) RIO DE JANEIRO–Brazilian state-run energy giant Petroleo Brasileiro SA(PBR, PETR4.BR), or Petrobras, said Wednesday a “small

My interview with SMIT Lamnalco’s Chief Executive Officer, Daan Koornneef, at this year’s Offshore Technology Conference in Houston, Texas. When I