News

The MV Iceberg 1 is a Panama-flagged Roll on-Roll off ship that was attacked and overrun by pirates on 29 March 2010.  Since that time, the crew has been

The Picchiotti Exuma, the 3rd yacht of Perini’s Vitrivius-series is the temperate-climate version of her 55-meter ice-class sibling and was widely

Weekly Summary of Maritime Crime and Piracy:  Week of 27 October 2011 (source: ONI) NIGERIA: Petroleum tanker (HALIFAX) hijacked by pirates on 29 October at

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Thursday that its third-quarter net profit fell 25% from a year earlier due to weaker margins

Transocean Ltd. (RIG) swung to a third-quarter loss on acquisition-related charges as a revenue shortfall hurt the offshore-oil driller’s margins.

Should Shipping Companies Lower Surcharges to Reflect Lower Threat? By Robert Young Pelton, Publisher, SomaliaReport.com This week’s hijacking of the

Who sends a ship to the waters off east Africa with a one-man, unarmed security force? Apparently the Greek owners of the Chemical Tanker Liquid Velvet

By Andrew Mwangura, Somalia Report UPDATE: Based on Somalia Report‘s information the vessel should be anchored off Bandar Murcaayo or Rasu Bina near

WASHINGTON (Dow Jones)–The chief executives of BP Plc (BP, BP.LN), Transocean Ltd. (RIG) and Halliburton Co. (HAL) declined to testify this week before a

Transocean Ltd. (RIG, RIGN,VX) filed a motion in federal court on Tuesday morning to force BP PLC (BP, BP.LN) to indemnify it against damages related to the

WASHINGTON (Dow Jones)–U.S. officials have extended oil-drilling leases for the vast majority of companies that say their work in the Gulf of

The United Nations Security Council today condemned all acts of maritime piracy and armed robbery at sea in West Africa’s Gulf of Guinea and welcomed the

LNG, as a promising fuel alternative, has not been used for container vessels.  Daewoo Shipbuilding (DSME) and Germanischer Lloyd (GL) have proved the

By Jama Deperani, Somalia Report Police from Somalia’s semi-autonomous region of Puntland arrested 150 pirates during a two week anti-piracy operation in

Gérard Mestrallet, Chairman and CEO of French energy company and European LNG player, GDF SUEZ, reinforced his company’s commitment to China and to

A few bits of good news this week, especially from the Gulf of Mexico region.  Matt Fuhrman, Recruitment Director from Swift Worldwide Resources commented for

LONDON (Dow Jones)–Ships sailing under the British flag will be able to carry armed guards for the first time to protect them from pirates attacks that

Lloyd’s List interviews IMO Secretary General Mr. Efthimios E. Mitropoulos, Swedish Navy Commander Frank Johnsson, BIMCO’s Torbin Skaanild, and

By Daniel Gilbert and Guy Chazan HOUSTON — The U.S. moved a step closer to becoming a major exporter of natural gas Wednesday as British energy company

ZURICH -(Dow Jones)- Power and technology group ABB Ltd. (ABBN.VX) is preparing for uncertain economic times ahead, its Chief Executive Joe Hogan said.