News

The 22,400 ton steel jacket for the Statoil-operated Mariner A platform on the UK Continental Shelf (UKCS) left the Spanish Dragados yard on Monday and is now

  By Toby Sterling and Anthony Deutsch AMSTERDAM, Aug 11 (Reuters) – Royal Imtech, the Dutch engineering services company, filed for protection from

  The Panama Canal Authority (ACP) says it will set temporary draft restrictions on vessels transiting the Canal because of drought caused by El Niño. In

  The U.S. Coast Guard offloaded more than 66,000 pounds of cocaine worth just over $1 billion from the USCGC Stratton in San Diego on Monday in what is

  Kinder Morgan has agreed to take over the existing contracts for the construction of four Jones Act-qualifying product tankers from Philly

Check out this incredible footage of a rare white humpback whale captured Monday off Queensland, Australia. While whale watchers across the globe were hoping

  Crowley Maritime Corp.’s global ship management group has landed more support work for the U.S. Government with the announcement Monday of a new

  Maersk Drilling says it has been awarded a new $16 million contract for the jack-up rig Maersk Giant with Danish energy utility DONG Energy, saving the

  Regional piracy watchdog ReCAAP has confirmed another fuel oil heist in the Malacca Strait over the weekend. ReCAAP says it was alerted Friday by the

  By Bloomberg News (Bloomberg) — China’s stocks rallied for their biggest gain in a month amid speculation the government will accelerate mergers

  By Anshuman Daga and Rujun Shen SINGAPORE, Aug 10 (Reuters) – Noble Group’s Chief Executive Yusuf Alireza sought to draw a line under a

  BY Anurag Kotoky (Bloomberg) — A southern Indian port has established the nation’s newest facilities to handle the world’s largest ships. The

Wärtsilä’s Board of Directors has appointed Jaakko Eskola as the new President and CEO of Wärtsilä Corporation Eskola will assume the position on

  SEOUL, Aug 10 (Reuters) – South Korea’s Daewoo Shipbuilding & Marine Engineering Co Ltd said on Monday it would sell non-core assets,

The U.S. Coast Guard will officially debut its newest National Security Cutter (NSC), Coast Guard Cutter James (WMSL 754) during a ceremony Saturday, August

  By Sinead Carew Aug 7 (Reuters) – Maritime stocks have broadly fallen this year as weak demand for some commodities and goods in Asia and

  SAO PAULO, Aug 6 (Reuters) – Brazilian prosecutors on Thursday presented formal charges against Jorge Zelada, the former head of state-run oil

Taiwan is bracing for a direct hit by powerful Typhoon Soudelor, which earlier this week earned the title of earth’s strongest storm of 2015. Our friends

  By Manisha Jha and Bill Lehane (Bloomberg) — The cost of hiring a ship to haul iron ore more than doubled in the last month amid speculation that

  By Nate Raymond NEW YORK, Aug 7 (Reuters) – Overseas Shipholding Group Inc investors have reached $16.25 million in settlements with the