News

LONDON -(Dow Jones)- The U.K.’s main offshore workers’ union has called for all helicopters operated by Bond Aviation to be grounded pending an

(Dow Jones) McDermott International Inc.’s (MDR) first-quarter profit slid 11% due to lower activity in the Asia Pacific region, though cost controls

LONDON -(Dow Jones)- Commodities titan Glencore International AG(GLE.LN) Wednesday reported mixed first quarter output across commodity products and said its

In the face of extraordinary challenges faced by the global shipping industry, Norwegian maritime conglomerate, Wilh. Wilhelmsen Holding ASA (WWI.OS),

HOUSTON (Dow Jones)–ConocoPhillips (COP) Chief Executive Ryan Lance said that the company stopped investing in its dry natural-gas production in North

Here’s how the Costa Concordia wreck removal will likely NOT happen, but they definitely show us some interesting insight into ship salvage. We talked

I met up with Andre Goedee, CEO of Dockwise, at the Offshore Technology Conference in Houston last week.  Here’s what he had to say… What’s

Successful start: On her maiden voyage to Hamburg, the Hyundai Together was the first ship with a carrying capacity of 13,000 standard containers (TEU) to be

High OPEC oil production, strong demand from China, and increased shipping from West Africa has added to tanker demand, however as far east refineries go into

Norway-listed Jinhui Shipping & Transportation Ltd. (JIN.OS), a ship owner, charter and investment company, Tuesday warned that it expects to record a

SINGAPORE (Dow Jones)–Cosco Corp. (Singapore) Ltd. (F83.SG) said Tuesday its first-quarter net profit fell 25% from a year earlier, mainly due to lower

SINGAPORE (Dow Jones)–Singapore-listed Sembcorp Marine Ltd. (S51.SG) said Tuesday its unit has secured a rig building contract worth US$208 million from

The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Pradip”, a Medium Range (MR) product carrier. The 1996 built

LONDON (Dow Jones)–BP PLC (BP) is looking to ship almost 1 million barrels of Forties crude to Chile in May, further tightening the oversupplied North

Wärtsilä announced today that they have been contracted by Koedood Diesel Service BV to supply a complete power system, including two of its 6-cylinder

-By Can Fidan, MTS Logistics As we all know, the current situation in the shipping world is that there is a large lack of demand against the current overall

HOUSTON – Cheniere Energy (NYSE Amex: LNG) announced today that Asian investment company Temasek,and private equity firm RRJ Capital, have agreed to

SAN RAMON – Chevron Corporation (NYSE: CVX) announced that the Pacific Santa Ana, a deepwater drillship built to Chevron’s specifications, has

COPENHAGEN (Dow Jones)–Nils Smedegaard Andersen, the chief executive of Danish industrial conglomerate A.P. Moller-Maersk A/S(MAERSK-B.KO), returned to

SYDNEY (Dow Jones)–Australia’s government on Sunday said it has awarded 12 new petroleum exploration permits for off the coast of Western Australia