News

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

AET – one of the world’s largest tanker owner-operators and provider of lightering support services in the US Gulf – will take delivery of

After what must have been a rather miserable 2-month delivery from China, Argentinian towage and harbor company Remolcadores Unidos Argentinos (RUA) has just

The Master and Second Officer of the cargo vessel Rena today pleaded guilty to 10 out of the 11 charges laid by Maritime New Zealand (MNZ) against the men

(Dow Jones) Seadrill Ltd. (SDRL, SDRL.OS) swung to a fourth-quarter loss as the offshore-drilling contractor booked a hefty impairment charge. However, the

SEOUL (Dow Jones)–Hyundai Merchant Marine Co. (011220.SE), South Korea’s second-largest shipping firm by sales, expects the U.S. dollar to weaken