News

HOUSTON, April 6 (Reuters) – Venezuela’s PDVSA will discharge in the coming days its first cargo of U.S. crude bought from British BP, who along

Singaporean rig builder Sembcorp Marine is headed to court to settle a dispute with Marco Polo Marine over the termination of a $214.3 million jack-up rig

A a federal judge in Hawaii has sentenced a South Korean shipping company to pay a total of $950,000 for its failure to maintain an accurate oil record

Two less offshore vessels looking for work today as Island Offshore announces charter contracts for the company’s vessels Island Valiant and Island

Here is a cool time-lapse video filmed over two months onboard the MV Mercosul Suape, engaged in

By Jonathan Burgos and Kyunghee Park (Bloomberg) — The world’s two biggest builders of oil rigs saw their stocks rise the most in more than two years

Swiss-based MSC Cruises has revealed major plans to build up to four new LNG-powered cruise ships exceeding more than 200,000 gross tons. The announcement

BEIJING, April 6 (Reuters) – China has begun operating a lighthouse on one of its artificial islands in the South China Sea near which a U.S. warship

By Gavin van Marle (The Loadstar) – A new survey of ship agents and brokers has discovered that nearly 20% of countries signed up to IMO international

By Keith Wallis SINGAPORE, April 6 (Reuters) – A traffic jam of nearly 30 large oil tankers has built up outside the Iraqi port of Basra due to loading

By James Paton (Bloomberg) — Chevron Corp. temporarily halted output at its $54 billion Gorgon liquefied natural gas project in Australia due to

April 6 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday,

GRAPHIC WARNING: This video may be disturbing to some viewers. Some horrifying new video has been released showing last month’s fatal sinking of the

The Panama Canal Authority (ACP) has announced a second round of draft restrictions for all vessels using the waterway as this winter’s strong

European ferry operator Stena Line has announced that it has signed a contract for four of the world’s most fuel efficient RoPax ferries to be delivered

Helsinki-headquartered Wärtsilä says it has been awarded a contract to design a new series of jack-up vessels to serve maintenance vessels in the offshore

DryShips, which owns dry bulk carriers and offshore support vessels, announced that it sold three of its vessels along with the associated bank debt to

By David Fickling (Bloomberg) — Here’s reason to hope that spring has arrived for the global sea freight industry: The Baltic Dry Index, a measure

By Jonathan Saul LONDON, April 5 (Reuters) – If Britain votes to leave the European Union, the country’s shipping sector faces years of disruption

By Guillermo Parra-Bernal and Aluísio Alves SAO PAULO, April 4 (Reuters) – State-controlled Petróleo Brasileiro SA unsuccesfully sought the appointment