News

ABB announced today that they have won orders worth more than $60 million to provide complete power and Azipod propulsion systems for two new cruise ships to

(Dow Jones) A Sempra Energy (SRE) unit signed a commercial development agreement with Mitsubishi Corp. (MSBHY, 8058.TO) and Mitsui & Co. (MITSY,

NEW DELHI (Dow Jones)–French power company GDF Suez SA (GSZ.FR), GAIL (India) Ltd. (532155.BY) and the southern Indian state of Andhra Pradesh Tuesday

Teekay Corp. (TK) said it will sell 13 of its 17 directly owned conventional tankers to its subsidiary Teekay Tankers Ltd. (TNK) in a stock-and-debt deal

Aker Solutions has won a contract from Yantai CIMC Raffles Offshore Ltd to supply a complete drilling equipment package for a new jack-up drilling rig, being

A long and active life has come to an end, and Denmark has lost one of the few truly international businessmen that this country has produced. For more than

Iran is disabling tracking systems on most of its 39-ship tanker fleet, Reuters reported Friday, citing oil industry, trading and shipping sources, who said it

Proteksan Turquoise issued the most recent public statement from any of the parties linked to its 60m superyacht, Yogi, on 12 March. The vessel itself sank off

5 April – 12 April 2012 Despite a tremendous amount of continued volatility bunker prices are clearly trending downward at this point.  This week the

To some gCaptain readers, the superyacht market may be an alien world, however, over the last ten years, this niche industry has exploded. With dedicated,

DryShips Inc. (DRYS) unveiled a bigger-sized sale of its stake in Ocean Rig UDW Inc. (ORIG) as the dry bulk shipper pares its stake in the offshore drilling

LONDON -(Dow Jones)- BP PLC (BP.LN) is investigating allegations of impropriety in its shipping division but still doesn’t know whether there is any

RiverWijs has recently taken delivery of two sister vessels, the Robert Allan Ltd. designed – RiverWijs Emma and RiverWijs Rowan. The christening was

COPENHAGEN -(Dow Jones)- Danish oil and shipping company A.P. Moller-Maersk A/S‘s (MAERSK-B.KO) container shipping arm Maersk Line won global market

A pair of Teekay spinoffs, Teekay Offshore (NYSE:TOO) and Teekay LNG (NYSE:TGP) both declared increased cash distributions today of $0.5125 per unit  and

Helix ESG’s reeled pipelay vessel, the Express, recently undertook its deepest work ever during a project in the Gulf of Mexico. Working in the Lloyd

SINGAPORE – EMAS AMC has successfully completed the first of several riser replacements for Statoil on the Norwegian Continental Shelf. The scope of the

The US Pacific Tsunami Warning Center has lifted it’s warning for the Indian Ocean following a magnitude 8.7 earthquake struck this morning off the

ABB has won a long-term service contract from Carnival Corporation to maintain and upgrade ABB’s Azipod equipment over the next 15 years for 20 ships in

LONDON (Dow Jones)–Up to 2 million barrels of North Sea Forties crude are set to head to Asia later this month, supporting the price of the grade, which