News

By Anna Hirtenstein (Bloomberg) — Power-generating kites backed by Royal Dutch Shell Plc, Schlumberger Ltd. and EON SE will start tests in the U.K. this

By Tony Capaccio (Bloomberg) — The White House budget office and the Navy are rushing to find an extra $600 million to buy a second Littoral Combat Ship

By Lefteris Karagiannopoulos OSLO, May 26 (Reuters) – Oslo-listed Flex LNG has signed contracts to buy six new liquefied natural gas (LNG) vessels for

A top U.S. Coast Guard official admitted at a recent congressional oversight hearing that the U.S. Coast Guard “has not been aggressively enforcing the

Note: Below is editorial by the Offshore Marine Service Association in response to the U.S. Customs and Border Protection Agency’s recent decision to

Inadequate manning and the crewmember fatigue that resulted caused the deadly sinking of the tugboat Specialist on New York’s Hudson River

By Serene Cheong (Bloomberg) — OPEC is finally making the move that could help complete a mission that it’s failed so far: shipping less oil to the

South Carolina Ports’ project to deepen Charleston Harbor to 52 feet has received the funding needed to begin construction as planned this fall, the port

By Idrees Ali and David Brunnstrom WASHINGTON, May 25 (Reuters) – A U.S. warship carried out a “maneuvering drill” when it sailed within 12

By Brian K. Sullivan (Bloomberg) — The Atlantic hurricane season will likely churn out an above-average 11 to 17 named storms, in part due to fading odds

The Master of a containership is reported to have committed suicide aboard his ship during a recent voyage from New York and Tilbury, England. The

By Idrees Ali and Phil Stewart WASHINGTON, May 24 (Reuters) – A U.S. Navy warship sailed within 12 nautical miles of an artificial island built up by

Maersk Drilling says it has been awarded a 150-day contract extension by ExxonMobil for the ultra-deepwater drillship Maersk Viking at a significantly lower

NAIROBI, May 24 (Reuters) – Djibouti has formally opened one of four new ports designed to cement the tiny Horn of Africa nation’s position as a

By Ted Michael, Senior LNG Analyst, Genscape The U.S. China Summit ended on a positive note for U.S. LNG exports. While China runs a massive trade import

The OOCL France has set a new record as the largest ship to transit the Expanded Panama Canal since its inauguration nearly one year ago. The new record comes

May 24 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to its lowest in

FRANKFURT, May 24 (Reuters) – Hapag-Lloyd and Arab sector peer UASC are focused on speedy integration, Hapag’s chief executive said after the

By Mikael Holter (Bloomberg) — Seadrill Ltd. jumped as much as 26 percent as the offshore driller controlled by John Fredriksen said it’s getting

By Alex Nussbaum (Bloomberg) — For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters — the