News

– By Vigor Marine They don’t call it “shipping” for nothing. Worldwide, as much as 90 percent of the goods that move around the globe

(Dow Jones) The Norwegian government Wednesday announced it will start a geological survey of what oil and gas assets the Northern part of a previously

A cooperation between two leading energy efficiency improvers yields new potential to reduce emissions for shipowners around the world. At a press conference

Austal has secured an order for a highly efficient medium speed ferry with leading French Polynesian operator and existing customer, SNC Aremiti Ferry. The 80

According to Forbes, the net worth of Evergreen’s Founder and Group Chairman, Chang Yung-fa, is in the range of $1.6 Billion, and he is listed number 782

Norwegian shipowner World Wide Supply (WWS) has ordered another two PSV 3300 CD’s with Damen Shipyards. The two platform suppliers are added to the four

CARACAS (Dow Jones)–A U.S. citizen working for Houston-based oil services company InterMoor Inc. was shot and killed while on assignment in Venezuela on

DUBAI (Dow Jones)–Drydocks World, Dubai’s shipyard arm, is considering the sale of its entire Southeast Asian ship-building and repair operations

Amidst the fears of Global Economic Turmoil, the ship breaking yard in India at Alang in Bhavnagar District in Gujarat state is all set to demolish 400+

Panama City, Panama – Joe Nielsen, the former CFO for APM Terminals’ activities in the Americas Region has been named Managing Director, Latin

By JD, Somalia Report The Iranian Navy rescued an oil tanker from an attempted pirate hijacking in the Gulf of Aden on Monday, according to Somali pirates

Technip was awarded by Tullow Ghana Limited two contracts, worth approximately €100 million, for the Phase 1A of the Jubilee project. The Jubilee field

Rolls-Royce, the global power systems company, has completed the latest components in the power and propulsion system it is supplying for the Royal

RIO DE JANEIRO (Dow Jones)–Brazilian state-run energy giant Petroleo Brasileiro (PBR), or Petrobras, is expected to receive up to $7 billion worth of

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) Monday said it has secured a US$792.5 million drillship design and construction order, a

TOKYO-Mitsui O.S.K. Lines, Ltd. today announced that the MOL-operated containership MOL Summer rescued 116 survivors from the ferry Rabaul Queen, which sank

On February 1st, the passenger ferry MV Rabaul Queen sank in heavy seas off Papua Guinea.  The search for survivors continues. Papua New Guinea’s

SEOUL -(Dow Jones)- The world’s two biggest shipbuilders, Hyundai Heavy Industries Co. (009540.SE) and Samsung Heavy Industries Co. (010140.SE), reported

Diamond Offshore Drilling Inc.’s (DO) fourth-quarter earnings fell 22% as the oil driller reported weaker revenue and lower utilization rates for its

DOF Rederi II AS, a wholly owned subsidiary of DOF ASA, has today taken delivery of Skandi Hawk from Cochin Shipyard in India. The vessel is a combined