News

Bermuda-based Höegh LNG announced today a new joint venture with STX Pan Ocean that gives each party a 50% stake in the  153,600 cubic meter, tri fuel,

ABB announced today the winning of a $35 million order from the Baltic Shipyard Ltd to supply Azipod propulsion and associated distribution systems for a new

With Petrobras, and thus Brazil, standing to lose $3 billion or more in lost revenues due to missed oil and gas production targets,  the head of

(Bloomberg) — Petroleo Brasileiro SA, the world’s biggest oil producer in deep waters, asked Brazilian courts and regulators to override a ruling

With a full cargo of coal destined for Karachi, Pakistan, the Marshall Islands-flagged bulk carrier Sea Moon was about 140 miles southwest of Bermuda when an

There are a few headlines going around today in some major publications and by the Associated Press claiming that China has announced plans to build 50

China’s Rongsheng Heavy Industries announced today the delivery of a pair of 380,000 DWT Very Large Ore Carriers (VLOCs); one to Brazilian ore giant

d’Amico International Shipping S.A. (Borsa Italiana: DIS), has announced that its subsidiary d’Amico Tankers Ltd has signed a $66 million contract

NEWPORT NEWS, Va. — Huntington Ingalls Industries (NYSE:HII) announced today the receipt of a $296 million contract modification, under a previously

Following dismal news from the Brazilian Federal Court yesterday, offshore drilling contractor Transocean Ltd. (NYSE: RIG) (SIX: RIGN) received an

(Dow Jones) Shipping companies are demolishing their vessels at an unprecedented rate this year, hoping to eliminate some capacity to cushion the impact of a

In response to our article this week calling out 7 ships that were detained by the MCA, Captain Bjorn Hojgaard, Chief Executive Officer of Hong Kong-based

Amid the throngs of maritime professionals from around the world and the huge expanse of the 2012 SMM Hamburg conference, I sat down with the American Bureau

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today that at approximately noon Rio De Janeiro time (11 a.m., ET), the federal court in Rio de Janeiro

Teekay’s Market Analyst Christian Waldegrave gives his September 2012 conventional tanker market update while attending the Jefferies Conference in New

Damen Shipyards Group announced today they will be supplying Dutch maritime services provider Acta Marine with four Shoalbuster anchor handling tugs. Three

Noble Energy, Inc. (NYSE: NBL) announced today that it has signed a 3-year contract, at a day rate of $584,000, for the Atwood Advantage, a DNV-classed,

OSLO — DNV announced today that they have been awarded the contract to class the Petronas LNG FPSO (FLNG). The unit will be built by DSME in Korea and

While at the SMM Hamburg conference a few weeks ago, I met up with Sigurd Jenssen, Director, EGC at Wärtsilä Environmental Solutions Tell me a bit about

LONDON–A manager with the National Iranian Tanker Co. rejects U.S. claims that the oil transport company is a state company and says it should not be