News

(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) first-quarter earnings slid 26% as the contract driller was hit with higher costs. The company declared

The idea was actually born in the in the ice-strewn reaches of the Great Lakes during the late 19th century when the car ferry ‘St. Ignace’ was

On the 10th of March, the cruise ship Star Princess, owned by Princess Cruises, sailed by a fishing vessel which had been stranded at sea for two weeks.

SINGAPORE (Dow Jones)–Keppel Corp. (BN4.SG) said Thursday first-quarter net profit more than doubled from a year earlier, mainly because of accounting

HONG KONG (Dow Jones)–Orient Overseas (International) Ltd. (0316.HK) plans to further raise rates for container shipments on the North Europe to Asia

SBM Offshore’s main product is the design, supply, installation and operation of Floating Production, Storage and Offloading (FPSO) vessels.   After a

At 1153 GMT, Total announced via Twitter that a team of 11 engineers had descended upon the stricken Elgin platform to commence “well kill”

Tidewater Inc. (NYSE:TDW) announced today that Dean Taylor, its President and Chief Executive Officer since March 2002, will retire as an executive officer of

The Board of Directors of Heidmar Holdings LLC, the holding company for Heidmar Inc, announced today that they had selected its new Executive team to lead the

HOUSTON -(Dow Jones)- Cheniere Energy Partners (CQP) said Monday it has hired eight banks to help it arrange $4 billion in debt financing, the latest step in

Statoil announced today that they have awarded Aker Solutions a $1.9 billion contract involving a new type of rig, categorized “Cat-B”, destined to

ABB announced today that they have won orders worth more than $60 million to provide complete power and Azipod propulsion systems for two new cruise ships to

(Dow Jones) A Sempra Energy (SRE) unit signed a commercial development agreement with Mitsubishi Corp. (MSBHY, 8058.TO) and Mitsui & Co. (MITSY,

NEW DELHI (Dow Jones)–French power company GDF Suez SA (GSZ.FR), GAIL (India) Ltd. (532155.BY) and the southern Indian state of Andhra Pradesh Tuesday

Teekay Corp. (TK) said it will sell 13 of its 17 directly owned conventional tankers to its subsidiary Teekay Tankers Ltd. (TNK) in a stock-and-debt deal

Aker Solutions has won a contract from Yantai CIMC Raffles Offshore Ltd to supply a complete drilling equipment package for a new jack-up drilling rig, being

A long and active life has come to an end, and Denmark has lost one of the few truly international businessmen that this country has produced. For more than

Iran is disabling tracking systems on most of its 39-ship tanker fleet, Reuters reported Friday, citing oil industry, trading and shipping sources, who said it

Proteksan Turquoise issued the most recent public statement from any of the parties linked to its 60m superyacht, Yogi, on 12 March. The vessel itself sank off

5 April – 12 April 2012 Despite a tremendous amount of continued volatility bunker prices are clearly trending downward at this point.  This week the