News

By Rakteem Katakey (Bloomberg) — Royal Dutch Shell Plc, which is buying BG Group Plc in the industry’s largest deal in a decade, expects fourth-quarter

By Christian Wienberg and Jonathan Ferro (Bloomberg) — Container volumes have picked up this year after the market suffered from sluggish growth and

By Yu-Huay Sun (Bloomberg) — Chang Yung-fa, the billionaire founder of Evergreen Group who turned a second-hand bulk carrier into Asia’s biggest

BEIJING, Jan 20 (Reuters) – China’s Foreign Ministry said on Wednesday that a $1-billion deepwater oil rig was not drilling in disputed territory

A marine salvage legend well known for his role in raising the Costa Concordia has past away following a freak snowboarding accident in Utah. gCaptain has

By Jonathan Saul LONDON, Jan 19 (Reuters) – Italy’s RINA expects to start verifying safety and environmental standards for Iranian ships including

By Luca Casiraghi (Bloomberg) — Havila Shipping ASA said it has so far failed to get enough support from bondholders to postpone repayments on 5.7

By Mikael Holter (Bloomberg) — Norway’s Arctic ambitions just got a $7 billion boost from Statoil ASA. Norway’s largest oil company was able to halve

Meyer Turku Shipyard has celebrated the float out of the first ship being contracted and built totally under the ownership of the Meyer family of Germany. Mein

Wärtsilä Corp. is launching a complete concept for a series of innovative and cost effective shuttle ferries featuring zero or low emissions. The ferries,

Jan 19 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, continued its

By Rakteem Katakey and Grant Smith (Bloomberg) — Iran’s return to international markets will spur investment in the Persian Gulf nation’s neglected

Aibing Guo and Rakteem Katakey (Bloomberg) — China’s largest offshore oil company will cut output for the first time in more than a decade, prompting

By Jonathan Saul LONDON, Jan 19 (Reuters) – Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as

New photos and video from the French Navy shows the emergency towing vessel Abeille Bourbon underway in heavy seas off Brittany, France. These photos were

Bibby Marine Services has placed an order for a purpose-built walk-to-work vessel to serve exclusively in the offshore wind market in the North Sea. The order

By Angeliki Koutantou ATHENS, Jan 18 (Reuters) – Greece will evaluate on Wednesday an improved bid that China’s Cosco is due to submit for a

Kleven Verft has celebrated the launch of a first-of-its-kind diamond sampling and exploration vessel at its shipyard in Ulsteinvik, Norway. The $139 million

By Jonathan Saul and Marianna Parraga LONDON/HOUSTON, Jan 18 (Reuters) – An agreement to build oil tankers in Iran for Venezuela has been left in limbo

LONDON, Jan 18 (Reuters) – Britain’s Lloyd’s Register (LR) is working on resuming services to verify safety and environmental standards for