News

Ordered from Rolls-Royce by Norwegian company Eidsvaag AS, the NVC 401 Forage Carrier’s sole purpose is to deliver fish food. This LNG-powered ship

The Hague, Netherlands – APM Terminals, the Hague-based global port operator, yesterday reported record breaking annual results for 2011. A revenue

SINGAPORE (Dow Jones)–Yangzijiang Shipbuilding Holdings Ltd. (YSHLF, 911609.TW, BS6.SG) posted a 24% rise in its fourth quarter net profit, capping a

19 days from today, maritime industry professionals from around North America, and in fact the world, will be converging on Stamford, Connecticut for one of

In October 2011, Teekay agreed to acquire the Maersk LNG fleet as part of a joint venture with Japan’s Marubeni Corporation.  To finance this $1.4

COPENHAGEN (Dow Jones)–Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) said Wednesday it has appointed Robert Maersk Uggla as the new

AET – one of the world’s largest tanker owner-operators and provider of lightering support services in the US Gulf – will take delivery of

After what must have been a rather miserable 2-month delivery from China, Argentinian towage and harbor company Remolcadores Unidos Argentinos (RUA) has just

The Master and Second Officer of the cargo vessel Rena today pleaded guilty to 10 out of the 11 charges laid by Maritime New Zealand (MNZ) against the men

(Dow Jones) Seadrill Ltd. (SDRL, SDRL.OS) swung to a fourth-quarter loss as the offshore-drilling contractor booked a hefty impairment charge. However, the

SEOUL (Dow Jones)–Hyundai Merchant Marine Co. (011220.SE), South Korea’s second-largest shipping firm by sales, expects the U.S. dollar to weaken

(Dow Jones) Rowan Cos.’s (RDC) fourth-quarter earnings fell 21% as the offshore drilling company reported lower contributions from discontinued

Transocean Ltd.’s (RIG) fourth-quarter loss widened sharply as the offshore-oil driller reported higher charges, mostly due to impairment, though revenue

Aker Solutions has been awarded a contract by Statoil to deliver replacement and upgrading of the drilling equipment and systems on the Snorre A platform in

Technip, in partnership with DSME, was awarded by DONG E&P and BAYERNGAS, a contract for the HEJRE project development, offshore Denmark, at a water depth

SINGAPORE, 28 February 2012 – EMAS AMC, the subsea division of Ezra Holdings Limited (“Ezra”), today announces that it has been awarded a

27 February 2012 – A comprehensive regional strategy is critical if countries are to successfully combat piracy in the Gulf of Guinea, a top United

About 10 years ago, the ship I was assigned to was leaving San Diego when all of a sudden we heard a rather loud, and unexpected rumbling.  We were

MUMBAI (Dow Jones)–Adani Ports & Special Economic Zone Ltd. (532921.BY) said Monday it has received an initial letter from a government-run port

LONDON (Dow Jones)–New European sanctions will limit coverage of Iranian oil ships by the Japan P&I Club, the club said Monday, as the measures start