News

UPDATE: We are saddened to report that the injured crewmember, the boat’s chief engineer, died in a Toronto hospital Wednesday morning.  The man, along

MOSCOW (Dow Jones)–Russian state gas firm OAO Gazprom (GAZP.RS) will begin production at its massive Sakhalin-3 offshore gas project in the Far East in

LONDON (Dow Jones)–Weak demand for North Sea Forties crude due to refinery maintenance season and the availability of cheaper alternatives have prevented

– By Captain Richard Madden Depending on the source, piracy in the Gulf of Aden/Horn of Africa (GOA/HOA) region is estimated to be costing the world

(Dow Jones) French oil major Total SA (TOT, FP.FR) may hire Transocean Ltd. (RIG, RIGN.VX) and Rowan Cos. (RDC) to drill relief wells to end an ongoing gas

SINGAPORE (Dow Jones)–Keppel Corp. Ltd. (BN4.SG) on Wednesday said it signed a letter of intent with returning customer Floatel International Ltd. to

(Dow Jones) Danish tanker and bulk vessel operator Torm A/S (TORM.KO) said Tuesday it is in final talks with two international groups of investors for a

Remember in Star Trek 4 when they had to transport humpback whales through in time in an spaceship/aquarium by slingshotting around the sun? Well, nearly a

(Dow Jones) Danish shipping and oil conglomerate A.P. Moller-Maersk (MAERSK-B.KO) said Monday that Chief Executive Nils S. Andersen’s sick leave has

ROME -(Dow Jones)- Saipem SpA (SPM.MI) said Monday it has been awarded new offshore and onshore drilling contracts worth about $300 million. In offshore

PARIS (Dow Jones)–Total SA (TOT) is studying all options, including drilling a relief well, to end an ongoing gas leak at its Elgin platform in the

Amid the hustle and bustle of this year’s Connecticut Maritime Association Conference in Stamford, Connecticut last week, I met with the very modest and

(Dow Jones) Already burdened with eroding credit quality, many U.S. shipping companies will face greater challenges in the near future as their older fleets

Teekay’s Market Analyst Christian Waldegrave reports on the LNG market in the first quarter of 2012. More details…via Teekay: Drivers for Demand of

Bullish on high-growth East African markets as new terminal and Inland Services investments planned; Mombasa, Dar es Salaam are Targets Mombasa, Kenya ‐

UPDATE: The Bolivian-flagged MV EGLANTINE was loaded with Brazilian sugar and destined for Bandar Imam Khomeini, Iran, according to the NATO Shipping Centre

LONDON (Dow Jones)–Total SA (TOT, FP.PR) has been forced to halt production from a platform in the Elgin gas and condensate field in the U.K. North Sea

In the above video, Teekay Market Analyst Christian Waldegrave gives an update on the offshore market for the first quarter of 2012.   Via Teekay: Offshore

LONDON (Dow Jones)–The number of Iranian supertankers storing crude long term rose this week, data from major brokerage ICAP showed Friday. Three NITC

The Southern Ocean is the most challenging place on earth to sail in and for the past quarter century, incredible video gathered from Volvo Ocean and past