News

Diamond Offshore Drilling Inc. (DO) third-quarter earnings rose 29% as the oil driller booked stronger revenue and higher average day and utilization rates for

By Daniel Michaels, Wall Street Journal ALESUND, Norway—While many American and European manufacturers transplanted production to low-wage countries in

By Solomon Moore, Wall Street Journal NAIROBI—Kenyan helicopters launched airstrikes in neighboring Somalia on Wednesday, striking at bases of al

Contracts will soon be awarded to Canadian shipyards for an aggressive $35-billion shipbuilding project, the largest military procurement in modern Canadian

In what may be the first reported case of Somalis doing their part to prevent Somalia-based piracy operations, a speed boat carrying 7 men, AK-47s, RPGs, and

With the release of the new Apple iPhone comes features like new high definition cameras, dual-core processors and Siri, a voice-based personal assistant. Each

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) has exceeded its annual order target of $11 billion by 9%,

WELLINGTON (Dow Jones)–Maritime New Zealand is focused Monday on removing oil from a cargo vessel grounded on a reef off the east coast of New

By Eric Uhlfelder, Barron’s Cargo shippers are in the tank, thanks to slowing global economic growth and oversupplies of dry-bulk ships, which transport

My interview this morning with Caterpillar’s (NYSE:CAT) Director of Marine Product Support, Jaime Tetrault (via Skype). Jaime has worked in various

LONDON—BP PLC Thursday announced it would make its highest-ever annual investment in the U.K., despite a steep tax increase on crude production enacted

BEIJING (Dow Jones)–China suspended shipping along Southeast Asia’s Mekong River on Monday after attacks on Chinese cargo vessels left

By Lucy Craymer And Rebecca Howard, Wall Street Journal WELLINGTON—Oil spilling from a cargo vessel stranded off the east coast of New Zealand’s

By Lucy Craymer, Wall Street Journal WELLINGTON—Oil from the damaged cargo vessel MV Rena has started to wash up on a popular beach on the east coast of

By Jama Deperani, Somalia Report Local fishermen in Somalia will now wear uniforms to differentiate them from the pirates, according to officials from

SINGAPORE (Dow Jones)–Keppel Corp. Ltd (BN4.SG) Friday said that five workers have been killed in an accident at the company’s shipyard in the

Global Summary of Maritime Crime and Piracy (source: Office of Naval Intelligence) BENIN: Chemical tanker fired upon, boarded, and robbed 2 October at 2337 LT

LONDON (Dow Jones)–Somalian piracy could spread further unless an onshore solution is found, the secretary general of the Organization of Petroleum

The Port of Los Angeles and California State University Long Beach (CSULB) have announced a partnership to develop and test a new $1.8 million seawater

By Tennille Tracy, The Wall Street Journal The Obama administration said Monday it was moving forward with oil-drilling leases off the coast of Alaska issued