News

NAIROBI, Kenya—Ten heavily armed Somali militants, driving their boat under the cover of darkness, kidnapped a Frenchwoman on a resort island in northern

MUMBAI (Dow Jones)–India’s shipping industry should speed up the expansion of its ports, increase dredging facilities and invest in coastal

WASHINGTON (Dow Jones)–More than 30 House lawmakers are urging Spanish energy company Repsol YPF S.A. (REP.MC) to abandon its plan to drill for oil in

http://www.youtube.com/watch?v=xzSphdtgQeQ It’s not quite Robert Duvall’s air cavalry as seen in the film Apocolypse Now, but it’s still

– By John Bolton and Dan Blumenthal, Wall Street Journal   The Law of the Sea Treaty (LOST) — signed by the U.S. in 1994 but never ratified

MUMBAI (Dow Jones)–Lloyd’s Register, a global independent assurance provider to energy and transportation companies, aims to double its revenue

Global Summary of Maritime Crime and Piracy, Week of 22 Sep 2011 (Source: ONI) gCaptain Note: Via our friends in West Africa, it’s certainly clear that

SINGAPORE (Dow Jones)–Asia’s petroleum tanker markets will likely stay anemic due to persistent oversupply, though falling bunker prices could

Odyssey Marine Exploration announced today that it confirmed the identity and location of the SS Gairsoppa, a Nazi treasure ship, nearly 4,700 meters below the

ModuSpec BV and Scandpower AS, members of the Lloyd’s Register Group, are developing a new tool with origins from the nuclear power industry that may

By Isabel Ordonez And Alexis Flynn, Wall Street Journal Apache Corp. is substantially expanding its U.K. presence by buying a number of ExxonMobil’s

MSC Luciana, a 363-meter containership outbound from Antwerp lost engine power this morning and ran aground on a sandbar in the Westerschelde, approximately

A former US Navy SEAL was reported to have been arrested by Mozambique officials yesterday for illegal weapons possession while attempting to free a vessel

SEOUL (Dow Jones)–STX Offshore & Shipbuilding Co. (067250.SE) said Friday a European shipper has placed an order for a liquefied natural gas

WASHINGTON (Dow Jones)–Michael Bromwich, the former federal prosecutor who has led the U.S. agency that oversees offshore drilling through its response

– By Russell Gold, Wall Street Journal The Gulf of Mexico has staged a comeback as a source of oil for big energy companies, little more than a year

Summary of Worldwide Maritime Crime and Piracy (Source: ONI)   BENIN: Product tanker (MATTHEOS I) hijacked on 14 September at 0121 UTC during  ship-to-ship

ANKARA, Turkey—Turkey said it will declare a border on the continental shelf if the island of Cyprus proceeds with offshore oil and gas drilling

A product tanker with 23 crew members was hijacked off West Africa according a report by the International Maritime Bureau. The report says that a group of

Complimenting today’s official  (and final) US Coast Guard investigation report into the Deepwater Horizon disaster, the Bureau of Ocean Energy