News

Image by Lou Vest SINGAPORE (Dow Jones)–The Asia crude tanker market is slowing, with increased vessel availability from mid-July, but healthy gasoline

COPENHAGEN (Dow Jones)–Danish Maersk Line, the world’s largest container shipping company, has no intention of exercising an option that would

RIO DE JANEIRO (Dow Jones)–Brazilian oil-field services company OSX Brasil SA (OSXB3.BR) said Monday that it had received approval to start construction

The following is a press release issued by Transocean regarding an internal investigation into the causes of the Deepwater Horizon disaster.  The full report

Alstom has taken a 40% equity share in Scottish renewable energy company AWS Ocean Energy, representing Alstom’s entry to the wave energy market. Alstom

SHANGHAI: The new generation of 10,000 TEU container vessels contracted in China by Seaspan represents major improvements in energy efficiency, cargo capacity,

Combined Maritime Forces Gulf of Aden (June 15) – A U.S. missile cruiser, USS Leyte Gulf (CG 55), operating under the Singapore-led Combined Task Force

Maersk Oil, a fully-owned subsidiary of the A. P. Moller – Maersk Group, has approved its investment of $1 billion in the Field Development Plan for the

DryShips (DRYS: Nasdaq) By Sterne, Agee & Leach ($3.83, June 17, 2011) We are upgrading DryShips from Neutral to Buy ahead of an ocean rig listing in the

HOUSTON (Dow Jones)–Transocean Ltd. (RIG) said Friday that insurers of its sunken Deepwater Horizon drilling rig have asked a federal judge to decide if

By: Office of the Chief of Naval Operations, Strategic Mobility and Combat Logistics Division WASHINGTON (NNS) — After extensive coordination with

[Dow Jones] NOL (N03.SG) is flat at S$1.53, off its S$1.56 intraday high but remaining above water in a broadly lower market after announcing new shipbuilding

LONDON—The head of Greenpeace has scaled an oil rig offshore of Greenland operated by Cairn Energy PLC, defying a court order aimed at stopping activists

Gulf of Aden Convoy Schedule: Korean Naval convoy schedule for June/July 2011: Rendezvous point “A” (Eastbound): 12:07N – 044:11E.  Rendezvous

SINGAPORE (Dow Jones)–Singapore Technologies Engineering Ltd. (S63.SG) Wednesday said that its marine arm won a shipbuilding contract worth about S$171

SINGAPORE (Dow Jones)–Neptune Orient Lines Ltd. (N03.SG) said Wednesday it has signed letters of intent for the construction of 12 new container vessels

DUBAI (Zawya Dow Jones)–National Shipping Co. of Saudi Arabia (4030.SA), or NSCSA, said Wednesday its subsidiary National Chemical Carriers Ltd. Co., or

BRETON SOUND, La. – A sheen is spotted from a Coast Guard HC-144 Ocean Sentry aircraft off the coast of Venice, La., June 9, 2011. U.S. Coast Guard photo

SEOUL— (Dow Jones & Co) The turning back of a North Korean ship suspected of transporting missiles and parts, the highest-profile interdiction

LONDON (Zawya Dow Jones)-State-run Qatargas said Friday it delivered its first shipment of liquefied natural gas, or LNG, to Thailand, as demand for the fuel