News

(Dow Jones) Already burdened with eroding credit quality, many U.S. shipping companies will face greater challenges in the near future as their older fleets

Teekay’s Market Analyst Christian Waldegrave reports on the LNG market in the first quarter of 2012. More details…via Teekay: Drivers for Demand of

Bullish on high-growth East African markets as new terminal and Inland Services investments planned; Mombasa, Dar es Salaam are Targets Mombasa, Kenya ‐

UPDATE: The Bolivian-flagged MV EGLANTINE was loaded with Brazilian sugar and destined for Bandar Imam Khomeini, Iran, according to the NATO Shipping Centre

LONDON (Dow Jones)–Total SA (TOT, FP.PR) has been forced to halt production from a platform in the Elgin gas and condensate field in the U.K. North Sea

In the above video, Teekay Market Analyst Christian Waldegrave gives an update on the offshore market for the first quarter of 2012.   Via Teekay: Offshore

LONDON (Dow Jones)–The number of Iranian supertankers storing crude long term rose this week, data from major brokerage ICAP showed Friday. Three NITC

The Southern Ocean is the most challenging place on earth to sail in and for the past quarter century, incredible video gathered from Volvo Ocean and past

Rio de Janeiro (Dow Jones) – Global mining company Anglo American PLC (AAL.LN, AAUKY) and Brazilian port developer LLX Logistica Sat (LLXL3.BR) may

The Council of the European Union today confirmed its intention to extend its EU Naval Force’s (EUNAVFOR) counter-piracy mission, Operation ATALANTA, off

Eidesvik has entered into an agreement with Lundin Norway for chartering of the LNG powered supply vessel Viking Prince, which will be delivered from Kleven

COPENHAGEN (Dow Jones)–Danish shipping and oil company A.P. Moller-Maersk A/S (MAERSK-B.KO) has ramped up its intra-Asia shipping operations

NEW DELHI (Dow Jones)–BG Group PLC (BG.LN) expects to sign a final agreement with GSPC Ltd. in mid-2012 to supply 2.5 million tons of liquefied natural

At least one vessel, possibly two, have been attacked in the Gulf of Guinea today at around 1200 GMT, approximately 90 miles south of Lagos, Nigeria. A nearby

Stolt Tankers B.V., a subsidiary of Stolt-Nielsen Limited (Oslo Børs: SNI) and owner and operator of MT Stolt Valor, reported today that the fire on the

One person is still missing after a Nigerian warship, NNS Thunder, collided with a Total-owned vessel on Nigeria’s Bonny River.  According to local

Chevron’s George Buck and Transocean’s Michael Legrand top the list of offshore managers banned last Friday by Judge Vlamir Costa Magalhaes from

LONDON (Dow Jones)–Cairn Energy PLC (CNE.LN) Tuesday shrugged off the disappointment of a $1.19 billion full-year loss, insisting that there were

How might you get a 45,000 ton, 193-meter long steel tube from one side of the planet to the other?  The world’s largest transport ship of course,

HONG KONG (Dow Jones)–China Rongsheng Heavy Industries Group Holdings Ltd. (1101.HK)–China’s biggest non state-owned shipbuilder by order