News

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

On 24 January 2012, Dutch shipbuilder Damen Shipyards delivered three Cutter Suction Dredgers of its CSD 500 series to the Ministry of Emergency Situations

Back-to-back cruise ship projects at Gibdock’s No. 1 dock have seen the return of the 37,584 GT, 1,575-passenger capacity Thomson Destiny for its fourth

A Papua-New Guinea (PNG) flagged passenger ship/RoRo sunk yesterday in heavy seas off the eastern coast of Papua New Guinea.  350 people are reported to have

Vessels traversing the world’s oceans carry ballast tanks filled with seawater to ensure stability, trim and structural integrity. However, the water in

In recognition of the start of the 2012 Ice Season, which typically runs from February through July, we bring you this photo showing a massive crack across the

With regard to media reports about adjustments in the rules for berthing of Very Large Ore Carriers (VLOC) at Chinese ports, Vale clarifies that its vessels