News

If it looks like a deal that’s too good to be true, it likely is, especially if it involves reflagging unregistered ships.  The following is a report by

Because they just won $4 Billion in contracts for three of their rigs, two of which haven’t even been built yet… The combined 3 rig package

Seadrill has again specified Rolls-Royce thrusters for three drillships to be built by Samsung in Korea. Each vessel will be equipped with six azimuth

Harmony Cruise, Korea’s newest cruise operator, has chosen Wilhelmsen Ships Service (WSS) to provide ships agency services at ports on its Japan

From 1 January 2013, all ships over 400GT on international voyages will be required to carry a Ship Energy Efficiency Management Plan (SEEMP), detailing the

The Port of Seattle’s Terminal 18, run by SSA Terminals, will have three more Super Post Panamax cranes, allowing it to handle the largest container

LONDON-(Dow Jones)- The Nigerian National Assembly will make a decision on whether to impose a $5 billion fine on Royal Dutch Shell SA’s Nigerian

SINGAPORE–Keppel Corp. Ltd. (BN4.SG) said Monday that its shipyard unit has secured three conversion contracts totaling S$103 million. The contracts are

(Bloomberg) — Nigeria, Africa’s largest oil producer, plans to increase exports of Akpo crude to six cargoes of 1 million barrels each in

(Bloomberg) — The biggest collapse in European demand for liquefied natural gas in at least 12 years and record Asian imports are sending fuel cargoes an

The Naval Criminal Investigative Service (NCIS) has made an arrest in connection with a shipyard fire that devastated the Los Angeles-class fast-attack

– By Rojda Akdag, Managing Director, MTS Logistics Labor stoppage, which is also known as a strike, is the problem aroused by the tension between a

The SINOPACIFIC Shipbuilding Group announced last Friday the signing of a newbuilding contract for (4) SPP35 platform supply vessels (PSV) and a Letter of

Scorpio Tankers Inc. (NYSE: STNG) announced today that it has signed an agreement with its lenders to extend the availability period of its $115

Aker Solutions has signed a contract with Hyundai Heavy Industries to supply a complete drilling equipment topside package to a new semi-submersible drilling

The first of four Panamax bulk carriers ordered by the Shipping Corporation of India Ltd. (SCI) were delivered last Friday by STX (Dalian) Shipbuilding Co.

Fjord Line’s two new international cruise ferries will be powered solely by environmentally friendly liquefied natural gas (LNG) instead of the more

BEIJING- (Dow Jones)-China’s CNOOC Ltd. (0883.HK) said Monday it has reached an agreement to acquire Canadian oil and gas producer Nexen Inc. (NXY) for

(Bloomberg) — Crude-oil shipments aboard supertankers bound for China fell 2.5 percent this week, according to ship-tracking data compiled by Bloomberg.

(Bloomberg) — Rates for ships that carry dry-bulk commodities will recover later than previously estimated as demand for cargoes slows, according to