News

Class society ABS announces the release of its enhanced Guide for the Classification of Drilling Systems which provides a comprehensive approach to classing

Horizon Lines Inc. (HRZ) received a break on some of its expenses from former parent company CSX Corp. (CSX), which agreed to reduce Horizon’s charter

DALIAN, China (Dow Jones)–STX Group, a South Korean conglomerate, will catch up with its bigger rivals in offshore facility orders from the second

Photo: M/V Sinar Kudus coutesy EU NAVFOR According to a report from EU NAVFOR, the bulk cargo carrier the M/V Sinar Kudus was released from pirate control

The Maritime and Port Authority of Singapore said Saturday that it received reports that suspected pirates had boarded the Singapore-flagged chemical tanker

NEW YORK (Dow Jones)–Oil-tanker stocks look risky as the U.S. ramps up domestic crude production, analysts at Goldman Sachs Group Inc. (GS) said

Hyundai Heavy Industries, the world’s biggest shipbuilder, today reported first quarter net profit of KRW 903 billion, an increase of 21.16 percent

Horizon Lines Inc. (HRZ) said a federal court has agreed to reduce the company’s fine related to a conspiracy to fix rates and surcharges for marine

GULF OF MEXICO: While transiting back from the Mediterranean, the Discoverer Americas, an 830-foot long drillship, crossed paths with a small raft carrying 5

EU NAVFOR has reported that on the April 23 the bulk carrier M/V Renuar was released from pirate control after 133 days in captivity. The Liberian owned,

Summary of worldwide maritime crime and piracy (Source: Office of Naval Intelligence) CARIBBEAN SEA: A fishing vessel was robbed 21 April 2011 at 0100 UTC

Cruise ship operator Carnival Corp. (CCL) has sued BP PLC (BP, BP.LN), Transocean Ltd. (RIG), Cameron International Corp. (CAM), Halliburton Co. (HAL) and

ISTANBUL (Dow Jones)–Turkey will build a new canal connecting the Black Sea with the Marmara Sea to reduce traffic in the Bosporus, one of the

The first of two platform supply vessels (PSVs) of the PX106 type design was successfully launched from Alianca shipyard in Brazil mid-April. The vessel is the

NORFOLK, Va.—A Somali man the U.S. believes is the highest-ranking pirate it has ever captured pleaded not guilty in federal court Wednesday to piracy,

By Evan Ramstad, The Wall Street Journal Online’s Korea Real Time Report After orders for ships plunged in the second half of 2008 and virtually dried up

Shares in STX Offshore & Shipbuilding (067250.SE) are up 7.1% at KRW31,900 on news that the South Korean shipbuilder is close to winning a KRW3-trillion

While Earth Day was being celebrated around the world, a young maritime industry led agency added to the festivities by announcing it now has over 100

ABS just released news about two US-flagged liftboats that have been specified with their Wind IMR notation.  Per ABS code, a Wind Turbine IMR Unit is

WASHINGTON—Ali Mohamed Ali, 48, has been indicted for conspiracy to commit piracy and other charges that allege he acted as a negotiator on behalf of