News

(Dow Jones) Star Bulk Carriers Corp. (SBLK) said one of its ships suffered hull damage entering a Turkish port, forcing the company to declare the vessel

SINGAPORE -(Dow Jones)- Singapore shares ended higher Friday, led by gains in cyclical stocks as investors’ optimism over the global economy got a shot

Almost a year after they had planning to start production, oil has finally started to flow from Petrobras’ Cascade Field, 250 kilometers south of

MUMBAI (Dow Jones)–Indian Oil Corp. (530965.BY) has canceled an Iran spot shipment contract with Shipping Corp. of India (523598.BY) because of the

AMSTERDAM (Dow Jones)–Dutch oil services firm SBM Offshore NV (SBMO.AE) posted a steep 2011 net loss Friday and scrapped its dividend payment as charges

HONG KONG (Dow Jones)–The global slowdown in the shipping industry is claiming more victims and industry experts expect more defaults in the coming

SINGAPORE (Dow Jones)–The chairman of Yangzijiang Shipbuilding Holdings Ltd. (BS6.SG) said Thursday he doesn’t expect the yuan to appreciate more

OSLO (Dow Jones)– Norwegian oil and gas giant Statoil ASA (STO) Friday said it is introducing a new drilling rig concept for mature fields on the

Salvors have removed a total of 566 containers from Rena by Svitzer, and a further 72  have been recovered from the shore or sea by Braemar Howells container

HOUSTON (Dow Jones)–Royal Dutch Shell PLC (RDSA, RDSA.LN, RDSB.LN, RDSB) is suing in federal court more than a dozen environmental organizations that are

Wilhelmsen Ships Service (WSS) is firmly establishing itself as a major force within South America, as it extends its’ reach amid predictions that

STOCKHOLM (Dow Jones)–Troubled Danish shipping company Torm A/S (TORM.KO) expects to announce an extension of its financing agreement Thursday or

MOSCOW -(Dow Jones)- Russian Prime Minister Vladimir Putin, strong favorite to win the presidential election on Sunday, said Wednesday Russia should allow

Technip announced today that they had been awarded a subsea installation contract by ExxonMobil for the Hadrian South natural gas project in the Gulf of Mexico

Ordered from Rolls-Royce by Norwegian company Eidsvaag AS, the NVC 401 Forage Carrier’s sole purpose is to deliver fish food. This LNG-powered ship

The Hague, Netherlands – APM Terminals, the Hague-based global port operator, yesterday reported record breaking annual results for 2011. A revenue

SINGAPORE (Dow Jones)–Yangzijiang Shipbuilding Holdings Ltd. (YSHLF, 911609.TW, BS6.SG) posted a 24% rise in its fourth quarter net profit, capping a

19 days from today, maritime industry professionals from around North America, and in fact the world, will be converging on Stamford, Connecticut for one of

In October 2011, Teekay agreed to acquire the Maersk LNG fleet as part of a joint venture with Japan’s Marubeni Corporation.  To finance this $1.4

COPENHAGEN (Dow Jones)–Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) said Wednesday it has appointed Robert Maersk Uggla as the new