News

Kongsberg has chosen the Kongsberg Maritime facility at Lade in Trondheim, Norway as the home of its new ‘Centre for Optimum Wind Park Operation’.

TOKYO – Mitsui O.S.K. Lines, Ltd. announced their plans today for the scrapping or cold lay-up of 10 to 20 Capesize bulkers in consideration of this

Rotterdam, The Netherlands – APM Terminals Maasvlakte II has selected Cargotec as the quay crane supplier for the company’s future Maasvlakte II

Swire has ordered eight IMT-997 platform supply vessels (PSVs), with four to be built by Universal Shipbuilding Corporation in Japan and a further four to be

(Dow Jones) VIENNA–The European Union has no intention of halting or delaying the implementation of shipping insurance-related sanctions against Iran,

The Pacific is a huge expanse of open ocean, and oddly enough the container ship Horizon Reliance happened to be in the right place at the right time for

With the expansion of floating offshore production into harsh environments such as the Barents Sea, high specification shuttle tankers will be needed to

Statoil and its partner Sinochem announced today their agreement to purchase the Peregrino FPSO from Maersk. The floating production, storage and offloading

Teekay’s Marine Market Analyst Christian Waldegrave provides insight into the global LNG market in the second quarter 2012, including a look at how Japan

(Dow Jones) OPEC Tuesday disclosed that its members continue to pump oil at levels not seen since 2008 as the most recent production figures show the

The latest update from Teekay’s Market Analyst Christian Waldegrave on the global marine tanker markets, including a look at how OPEC oil production

KUALA LUMPUR–Yinson Holdings Bhd. (7293.KU) has received a $737.3 million contract to lease a floating production, storage and offloading facility to the

(Dow Jones) OSLO–At least five of Norway’s oil and gas rigs will be shut due to a strike launched at midnight Saturday by 114 workers at oilfield

Dolphin Drilling Ltd. a subsidiary of Fred. Olsen Energy ASA, has entered into a three year contract with BP Exploration Operating Company Ltd. for use of the

(Dow Jones) KUALA LUMPUR–North American exports of natural gas threaten the dominance of gas exporting giants like Russia, Qatar and Algeria who

In this week’s As the Oil Pump’s: With holidays in a number of locations on Monday and Tuesday there was limited trading done on the world’s

Should US Mariners care about farm subsidies? Right now the hot topic in Washington is a debate over the US Senate’s authorization of the Farm Bill, a

Norwegian shipowner, GC Rieber Shipping annouced today they have awarded a newbuild contract to ULSTEIN for the delivery of a high capacity subsea

The downward trend in oil prices continues unabated.  Spain’s credit rating decline created an even greater concern over sovereign debt in the Euro

(Dow Jones) Tanker owner and operator B+H Ocean Carriers Ltd. (BHODD) filed for Chapter 11 bankruptcy Wednesday to restructure its balance sheet as it tries