News

Niko Resources (TSX: NKO), a Calgary-based independent oil and gas operator, announced yesterday that it had signed a contract worth in excess of $700 million

COVINGTON, La.,- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that its Board of Directors has approved a new vessel construction program for

By Mohamed Odowa, SomaliaReport.com Claims that at least six Somali pirates were killed and three others were captured by the crew of the Greek owned MT

Leading global shipbuilder and defense contractor Austal has acquired a shipyard in the Philippines as part of its strategy to regionalize its manufacturing

SINGAPORE (Dow Jones)–Asia’s crude tanker markets may see continued support in the coming week due to healthy demand, while improving gasoil demand

Damen Shipyards will unveil its new Platform Supply Vessel (PSV) at EUROPORT 2011 and will launch a complete PSV range in the next few months. The PSV 3300 E3

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) said Monday it is considering acquiring German wind-turbine maker Bard

MT Halifax and her crew of 25 were overrun by pirates a few days ago, however according to Oyibos Online, an Nigerian Expat online newspaper, a letter was sent

(EUNAVFOR) On 4 November 2011, following a coordinated search and detection by a French Maritime Patrol and Reconnaissance aircraft, the German warship FGS

HOUSTON -(Dow Jones)- The third-party vendors refitting Transocean Ltd.’s (RIG) well control systems and blow-out preventers to comply with new rules

Sec of State Hillary Clinton Orders Embassies to Sell the Use of Contractors By Robert Young Pelton, SomaliaReport.com Somalia Report has obtained an

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