News

Shipping Companies Plead Guilty to Charges of Obstruction of Justice and Environmental Crimes WASHINGTON – Two corporations pleaded guilty yesterday in

Over the last four years, piracy off the coast of Somalia has become an international phenomenon, plaguing shipping in the Indian Ocean and resisting attempts

Currently under construction at the STX Finland yard in Turku, the NB 1376 represents a completely new generation of ferries with it’s

Inmarsat (LSE:ISAT.L), the leading provider of global mobile satellite communication services, today announced that Frontline, the world leader in the

McDermott International, Inc. (NYSE:MDR) announced today that has been awarded a US$2 billion contract to develop the subsea infrastructure required for the

It’s pretty much that simple.   At President Barack Obama’s State of the Union address last night, he gave Secretary of Defense Leon Panetta a

– By JD, Somalia Report Pirates Cut Hand off Hostage to Force $3M Ransom Somali pirates holding the crew of the hijacked Taiwanese flagged FV Shiuh Fu

By Brian Van Pay and Barbara Moore, US Department of State In the enduring spirit of friendship and cooperation, the United States and Canada conducted their

After 19 years with the company, the board of Heidmar has, with regret, accepted the resignation of its CEO, Tim Brennan. Since 1993, Mr. Brennan has held a

Nearly a dozen gunmen in the southern Philippines opened fire on three fishing boats killing 15.  According to a report by the AFP, this was likely an attack

An Algerian newspaper reports a local al-Qaeda cell planned to launch boats loaded with explosives at US and European ships with aid of suicide bombers.

Hamilton, Bermuda – North Atlantic Drilling has been awarded an 18 month contract extension for the drillship West Navigator by A/S Norske Shell. This

One of the largest container shipping companies in the world, MSC, announced today that the inherent cost of mitigating the threat of piracy, and rising

Wärtsilä and Kongsberg Maritime have been contracted to supply the power, positioning, and automation systems for two new drilling rigs ordered by Songa

Höegh LNG announced today that they have won a tender offer to provide a new floating storage and regasification (FSRU) for Lithuania’s energy

RIO DE JANEIRO (Dow Jones)–Speculation is growing that a leadership change could be under way at Brazilian federal oil company Petroleo Brasileiro (PBR,

The Maersk Group’s strategy to target growth markets aligns well with a recent UN report that found emerging economies now account for almost 30% of

Statoil has acquired a 30.625% working interest in the Pitu licence in Baffin Bay. The license was awarded to Cairn Energy during the first Baffin Bay

Royal Dutch Shell has won a $970 million bid (NS 11-1) for exploration rights offshore Nova Scota, says the Canada – Nova Scotia Offshore Petroleum

HOUSTON -(Dow Jones)- An Italian drilling rig scheduled to drill a deep-water well offshore Cuba has arrived to the shores of Havana, Cuban media said