News

The Capesize demolition market is off to its busiest start ever in 2015 amid some of the lowest dry bulk freight rates in the last three decades. According to

https://youtu.be/YAKSgZHa4G0 Here’s an animation explaining Shell’s response plans in the case of an oil spill while drilling exploratory wells in

Royal Caribbean Cruises (NYSE, OSE: RCL) has announced that it has entered into an agreement with Meyer Werft in Germany to order a fourth Quantum-class ship

A big milestone for a record build at the Ulstein Verft shipyard in Norway. Last month, the prefabricated aft section of newbuild Yno 302 arrived at the yard

Atlantic Towing vessels wrangle up an iceberg drifting near offshore rigs in the North Atlantic off the Newfoundland and Labrador coast. The photo was posted

Helix ESG accepted delivery of the Q5000 from Jurong Shipyard this week following sea trials. This DP3 well intervention rig is an upgraded version of its

Britain's BG Group said on Friday it was happy with Shell's $70 billion takeover bid despite a recent upturn in oil prices that led the company to increase the

MSC Mediterranean Shipping Group, a Geneva-based and family-owned company which has historically shied away from communicating with the public about their

Saudi Arabia is spending generously now on Asian refiners to lock in its position as the region’s biggest supplier of oil for decades to

A loss of power supply since May 5 has hurt production of liquefied natural gas (LNG) at Australia's North West Shelf export plant, a spokesperson for operator

ClassNK’s new Global Research and Innovation Center (GRIC) in Singapore is the Tokyo-based class society’s first research center outside Japan, and it

The U.S. Energy Department announced Thursday today that it given final authorization for LNG exports from the Dominion Cove Point LNG Terminal located on the

SBM Offshore said on Thursday it was cutting 300 jobs in addition to the 1,200 redundancies it announced last year, saying the low oil price had led clients to

SBM Offshore said on Thursday it was cutting 300 jobs in addition to the 1,200 redundancies it announced last year, saying the low oil price had led clients to

Italy's navy said on Thursday it believed it had found the wreck of a boat that sank last month killing up to 900 migrants off the coast of Libya, the

Italy's navy said on Thursday it believed it had found the wreck of a boat that sank last month killing up to 900 migrants off the coast of Libya, the

The Costa Concordia wreck is ready to be moved to a new dock about 10 miles away from its current location, where the ship will continue to be dismantled.

Farstad Shipping’s CEO Karl-Johan Bakken says today, “very demanding” conditions in the offshore market has forced his company to lay up

After a year of testing, Hyundai Heavy Industries, the world’s largest shipbuilder, says its new fuel saving propeller attachment is now ready to hit the

Talisman Energy AS (TENAS), operator of the Varg field, has received consent today from Norway’s Petroleum Safety Authority (PSA) to use the