News

COSCO Corporation (Singapore) Limited announced today that their subsidiaries, COSCO Shipyard Group Co., have delivered three bulk carriers to Asian buyers

Viking Supply Ships, one of TransAtlantic’s two business areas, announced today the receipt of a contract award for their AHTS-vessel, Magne Viking, to

It’s a huge day for a trio of offshore drillers selected by Statoil.  KCA Deutag, Odfjell Drilling and Archer have been awarded NOK 30 billon in

DOHA (Zawya Dow Jones)–The global oil markets are well supplied, Qatar’s energy minister said Tuesday, adding that “all issues” would

Fairstar Heavy Transport N.V. (FAIR) has signed a USD $247 million syndicated loan facility led by ING Bank. The facility provides the necessary liquidity to

Rolls-Royce and Istanbul Shipyard will be working together following their announcement today of an award by the Turkish Navy for three new ships.  Istanbul

Saipem announced today they have been awarded $1.1 billion in new Engineering and Construction contracts offshore Russia and the North Sea. In Russia, Saipem

(Dow Jones) Tidewater Inc.’s (TDW) fiscal fourth-quarter earnings soared from a year-earlier quarter weighed down by heavy charges, while higher

Vale has announced the construction of a second floating iron ore transfer station in Subic Bay, Philippines. These transfer ships facilitate the transfer of

**UPDATE** From the Australian Marine Safety Authority: One of the commercial tugs, PT Kotor, rendezvoused with the ID Integrity at approximately 10:30am

Ok, that would be a very difficult, but a “provable” hypothesis, as the fact is bunker prices are down and we did have the much anticipated

– By Neville Smith Like their shipbuilding and shipowning clients, classification societies are contending with tough market conditions and an uncertain

Three port employees have been injured following an accident in the Port of Gdynia, following a collision between the Swedish ferry, Stena Spirit, and an arm

HONG KONG -(Dow Jones)- Orient Overseas (International) Ltd. (0316.HK) plans to raise rates again for container shipments for the north-Europe-to-Asia route

Rolls-Royce announced today they have secured a £6 million contract to provide an integrated design, power & propulsion and equipment systems package for

(Dow Jones) Teekay Corp. (TK) swung to a first-quarter profit, due primarily to derivative gains, as the tanker-ship company’s revenue grew more than

Hanson-Wade’s Sara Patela speaks with Tony Foster, Marine Safety Superintendent/DPA and CSO at Gardline Marine Sciences on the subject of piracy off

On May 11, NYK accepted delivery of the Taharoa Destiny, a new 175,000 DWT class vessel dedicated to the transport of iron sand slurry from New Zealand. Never

SINGAPORE – Sembcorp Marine’s subsidiary Sembawang Shipyard, located on the northern tip of Singapore, has secured three major upgrade and

– by Deepak Johar, General Manager for Wilhelmsen Ships Service, India As local fuel supplies dwindle and the Indian subcontinent’s power demands