News

TOKYO—Mitsui O.S.K. Lines, Ltd. announced today their plan to scrap five double-hull tankers (four VLCCs, one Suezmax) by the end of March. Scrapping of

(Dow Jones) Offshore oil-drilling contractor Transocean Ltd., newly clear of some legal clouds from its role in the 2010 Gulf of Mexico disaster, faces

HOUSTON -(Dow Jones)- Chevron Corp. (CVX) is being conservative about spending its abundant cash because it wants to be prepared for the right acquisition

At this year’s Surface Navy Association National Symposium in Washington, DC, I sat down for a chat with Joe Rella, Chief Operating Officer and President

Based on the precedent that Brazilian authorities have set with the astronomical fines recently charged to Chevron, the answer is yes.   Dow Jones reports on

More than 250 million people each year are affected by natural disasters. The annual number of natural disasters has more than doubled since 1980 as a result

U.S. District Judge Carl Barbier ruled yesterday that Transocean’s contract with BP, while drilling the Macondo Well, shielded Transocean from any

Lacking port entry permits into China, Vale had to come up with other options to unload it’s massive 400,000 ton ore-carrying ships.   Enter

Ms. Hanne B. Sørensen has been appointed new CEO of Maersk Tankers with effect from 13 February 2012. Hanne B. Sørensen has until now held the position

Weekly Summary of Maritime Crime and Piracy, week of 19-25 January 2012 – (source: ONI) INDIA: General cargo ship boarded by at least 10 pirates on 25

Harland and Wolff Heavy Industries Ltd (H&W) has been awarded the contract for the drydocking and service of the SeaRose Floating Production Storage and

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