News

Hercules Offshore Inc.’s (HERO) third-quarter loss widened sharply as the oil rig company was hit by a large asset impairment charge that overshadowed a

SEOUL–Hyundai Heavy Industries Co. (009540.SE), the world’s largest shipbuilder by sales, on Thursday posted a 35% slump in third-quarter operating

Wärtsilä announced today that they have been awarded the contract to supply integrated power and automation systems for two new icebreakers being built

Rolls-Royce announced today that they have broadened their capability in ship design with the establishment of a new team dedicated to the development of naval

(Bloomberg) — Technip SA, the French oil-services provider building the Prelude floating liquefied natural gas vessel for Australian waters, expects such

(Bloomberg) — Europe’s largest container lines are making an attempt to increase Asia-Europe rates to more than break-even levels and restore

Amid foggy circumstances, the CEO of offshore drilling contractor Songa Offshore, Asbjørn Vavik, has resigned.  Effective immediately, Jens A Wilhelmsen,

Nick Sloane from Titan Salvage, Sergio Girotto from Microperi, and Franco Porcellacchia, VP of Carnival Corp are interviewed by the AFP on the work being done

  LONDON–Two helicopter operators that transport workers to oil rigs in the North Sea have suspended flights using Super Puma aircraft after one

MELBOURNE–The forecast jump in ships carrying coal north from Australia that will come with the expansion of a northerly port by companies such as BHP

(Bloomberg) — Singapore will build a fourth liquefied natural gas tank as part of its plan to meet growing energy demand and take advantage of increased

Construction of the world’s largest ship is picking up speed. Recently, the very first propeller was loaded onto the Maersk Salalah container ship in

(Bloomberg) — China Cosco Holdings Co., the nation’s largest listed shipping company, said the industry will expand as Chinese economic growth

Energy efficiency, emission controls and ballast water management regulations are impacting the amount of information a ship owner or operator is required to

American Petroleum Tankers (APT) announced today that it has signed a commitment to build two new state-of-the-art product tankers at the National Steel and

Netherlands-based Iskes Towage & Salvage accepted delivery today of the first ever Damen Shipyards-built Hybrid tug at a signing ceremony at the Offshore

Rolls-Royce announced today they have won a £24 million order to design and equip four platform supply vessels (PSVs) for Brazilian ship owner Bravante Group,

(Bloomberg) — U.S. imports of containerized goods are the highest since before the recession as the economic recovery gains traction, boosting rates for

(Bloomberg) — Owners of oil tankers must scrap younger vessels for the market to recover by 2014 or 2015, according to shipbroker Braemar Seascope Ltd.

Seadrill announced today that they have entered into a Heads of Agreement (HoA) with Songa Offshore for the potential purchase of the ultra deepwater