News

The world’s largest tanker owner, Frontline Ltd., has just announced the completion of major corporate restructuring following a sustained weak global

RIO DE JANEIRO (Dow Jones) — Brazil’s navy on Thursday called off an operation to unload fuel oil from the damaged Vale Beijing large iron-ore

WASHINGTON — As global leaders weigh Iran’s threat to block oil deliveries through the Strait of Hormuz, U.S. energy officials said Friday that

RIO DE JANEIRO (Dow Jones Newswires), Brazilian state-controlled oil and gas producer Petroleo Brasileiro SA (PBR, PETR4.BR) said a worker died and two were

MOSCOW (Dow Jones)–Some crew members were still aboard a Russian nuclear submarine ablaze early Friday after its hull caught fire

LONDON (Dow Jones)–The U.K. has awarded 46 new licenses to explore for oil and gas in the North Sea, the Department of Energy and Climate Change

(Australian Navy) HMAS Parramatta has provided essential life saving assistance to an Iranian flagged vessel in distress on Christmas Eve. Parramatta is on

An Isle Of Mann-registered ship was detained by authorities in Finland last week for smuggling missiles and explosives out of the country. The vessel was

29 December 2011 – Aker Solutions has been awarded a job by Statoil for the engineering, procurement and construction of a subsea production system for

In 2011, Allseas announced that they had awarded Daewoo Shipbuilding a 1.3Bn Euro contract for the construction of a massive catamaran designed for

Summary of Global Maritime Crime and Piracy, week of 22 December 2011 (Source: ONI) ECUADOR: Container ship boarded by five robbers with long knives on 27

In a highly non-traditional yet prudent move by Volvo Ocean Race organizers, 5 of the 6 racing yachts in the Volvo Ocean Race were picked up from their Indian

TOKYO-Mitsui O.S.K. Lines, Ltd. today announced that it has ordered a new cape-size bulker that will adopt element technologies of the next-generation

By JD, Somalia Report MT Enrico Levoli owned by Italian shipping company Marnavi was taken by pirates this morning according to the Italian owners

Vale S.A., the second largest mining company in the world, is also owner of the world’s largest sea-going ore carriers called VLOC’s, or Very Large

IBADAN, Nigeria (Dow Jones)–Shell Petroleum Production Co., or SNEPCo, on Sunday said the oil leak from its Bongo facility off the Nigerian coast has

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) said on Monday it expects around $11 billion in new orders next year

The Sea Shepherd crew has intercepted the Japanese whaling fleet on Christmas Day, a thousand miles north of the Southern Ocean Whale Sanctuary. The Sea

By JD, Somalia Report Police from Somalia’s semi-autonomous region of Puntland seized 43 pirates during operations against pirates in the village of

SEACOR Marine LCC announced today that it has invested in Windcat Workboats Holdings Ltd, a European operator of wind farm utility vessels. U.S.-based SEACOR