News

One of the arguments made against arming merchant ships as defense against pirates is the claimed threat that doing so will merely escalate the violence

Image courtesy Samsung Heavy Industries (Dow Jones) DryShips Inc.’s (DRYS) swung to a sharp loss in its fiscal second-quarter as write-downs from the

Image courtesy Frontline SINGAPORE (Dow Jones)–Asia’s crude-tanker market may stay in the doldrums due to a supply overhang, despite stable

LONDON (Dow Jones)–United Arab Emirates-based oil rig engineer Lamprell PLC (LAM.LN) expects earnings in the second-half of the year to improve on

Image courtesy Frontline Oslo-listed oil tanker giant Frontline Ltd. (FRO.LN) Friday said it swung to a $35.24 million net loss in the second quarter, from a

PIRACY ADVISORY The Office of Naval Intelligence (ONI) assesses Somali pirates will resume a high level of operations when the southwest monsoon subsides in

  By Arian Campo-Flores, Valerie Bauerlein and Mike Esterl, Dow Jones & Co Hurricane Irene thrashed the Bahamas early Thursday, with widespread damage

Image courtesy Frontline LONDON (Dow Jones)–Very Large Crude Carrier shipping rates on the benchmark Middle East to Japan route (Ras Tanura/Chiba)

By Flemming Emil Hansen, Dow Jones & Co, Image by Jeff Shea/NY Times COPENHAGEN—Denmark this week launched its first formal strategy for the Arctic

Phyllis Macay Bob Riggle were murdered by Somali pirates, along with their friends Jean and Scott Adam NORFOLK, Va.—A pair of Somali men were sentenced

Image: Frontline Tankers SINGAPORE (Dow Jones)–Asia’s freight markets for vessels carrying clean petroleum products may stay bullish in the coming

Port of Salalah, Oman, (c) Robert Almeida Until recently, pirates have roamed around the open oceans looking for their next target, however they took a bold

OTTAWA (Dow Jones)–Prime Minister Stephen Harper flies this week to Canada’s High Arctic, where troops are conducting the country’s largest

Photo: Agusta Westland AW139 helicopter RIO DE JANEIRO (Dow Jones)–Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras,

(Dow Jones) Rescue teams in Brazil on Saturday morning resumed their search for a helicopter with four people on board that made an emergency landing at sea

The Finnish ferry KING carrying 54 passengers ran aground Friday after its master got stuck in the bathroom, according to a report from Reuters based on a

Image courtesy Reuters HONG KONG (MarketWatch)–The South Korean market led the way for hefty stock losses in Asia Friday, as risk appetite evaporated on

HOUSTON— (Dow Jones) The only thing that surprised the energy industry more than ExxonMobil Corp.’s mammoth oil find in the Gulf of Mexico is

[youtube width=”600″ height=”506″]http://www.youtube.com/watch?v=kO073dcrcy4 Go figure… I can’t imagine the decision to

Global Summary of Piracy and Maritime Crime – Week of 11 August 2011 (Source: ONI) NIGERIA: Unidentified gunmen exploded a bomb on 11 August at 0240 LT