News

AMSTERDAM (Dow Jones)–Major oil companies are increasingly trying to push liabilities of offshore oil projects onto sub-contractors as risk awareness has

Rolls-Royce has been selected to supply a unique replenishment-at-sea (RAS) system to the Royal Navy. It will enable heavier-than-ever loads to be transferred

Hamilton, Bermuda – Teekay Corporation (Teekay) announced today that it has agreed to sell its remaining 49 percent interest in Teekay Offshore Operating

The Greek participating Amver tanker Delta Kanaris rescued four French sailors Sunday Feb. 27, 2011 after the sailors activated their personal locator beacon

According to gCaptain sources, Niels Stolberg, Chief Executive Officer of German heavy-lift shipping operator Beluga has stepped down from his post amid a

Noble Corporation (NYSE: NE) today announced that a subsidiary has exercised its first option with Hyundai Heavy Industries Co. Ltd. (“HHI”) for

SANTA BARBARA, Calif. — The co-chairman of the presidential panel that investigated last year’s Gulf of Mexico oil spill said Thursday the

HOUSTON — Transocean Ltd. (RIG) Chief Executive Steve Newman received compensation valued at $6.3 million in his first year at the helm of the

While Noble Energy (NBL) made headlines as the first operator to receive a deep-water drilling permit in the US Gulf since the Deepwater Horizon disaster, the

Private security firm Naval Guards Ltd successfully rescued their Dutch clients on board M/Y Capricorn after it had been overrun by pirates in the central

Summary of maritime crime developments and incidents, week of 24 February 2011 (source: ONI): INDIAN OCEAN: Yacht (CAPRICORN) was fired upon and boarded 2

Ulstein Verft today delivered the new PSV ‘Rem Hrist’ to Remøy Shipping.  ‘Rem Hrist’ is Remøy Shipping´s first vessel from

Wartsila has been awarded a contract by shipbuilding company STX Finland Oy to supply the propulsion machinery for a new passenger ferry to be built for

The ICC International Maritime Bureau (IMB) has recently seen a rise in the number of Nigerian oil frauds reported to them. Over the first few weeks of 2011,

The MV EMS RIVER, which was pirated on 27 December 2010, was released from pirate control on 1 March 2011. The Antigua/Barbuda flagged and German owned vessel

Petrobras yesterday announced the balance of the Brazilian Shipping Companies Program (EBN), part of a set of initiatives designed to reduce dependence on the

IMO Secretary-General Efthimios E. Mitropoulos has reached out to seafarers worldwide in an open letter distributed today via shipping and seafarer

WARNING TO: U.S. Registered Yachts and Sailing Vessels The U.S. Coast Guard strongly advises against all operation of and travel by U.S. yachts and sailing

Hanjin Shipping announced today that it received its first tanker. With Hanjin Shipping’s tradition to name its ships after cities around the world, the

Wärtsilä has introduced a new series of waterjet solutions. This new midsize series enhances Wärtsilä’s competitive range of stainless steel