News

In the three months ending in August, the United States and Canada swapped a record amount of crude oil with each other, one of the more bizarre consequences

Following the successful installation of the FSRU Independence off Lithuania and the signing of two new long-term contracts offshore Colombia and Egypt on

For the Transocean Spitsbergen and the Songa Trym, 2014 will end mid-November. Due to overcapacity in Statoil’s rig portfolio, the company has decided

Houston-based jackup rig and liftboat contractor Hercules Offshore Inc. will cut 324 jobs related to the shut down of four rigs in the U.S. Gulf of Mexico,

Jacksonville, Florida-based Crowley Maritime Corporation has announced that its petroleum services group has sold two Jones Act tankers to Kinder Morgan Energy

With the assistance of tugboats, the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) was relaunched into the James River this week following more

Jones Act shipbuilder Aker Philadelphia Shipyard ASA (Oslo: AKPS) has announced that its Board of Directors has appointed Steinar Nerbovik as President and CEO

Global Marketing Systems, Inc (GMS), the world’s largest cash buyer of ships for recycling, has challenged the European Commission’s intention to

India pulled two naval warships out the Kolkata port yesterday after intelligence information that they might be targeted by terrorists, a navy officer

China plans a $16.3 billion fund to finance construction of infrastructure linking its markets to three continents as President Xi Jinping pushes forward with

The VLCC Al Kout was delivered last week by Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) as part of a series of vessels constructed for the

The global shipping market is unlikely to see a recovery in the next two years due to continuing oversupply of vessels, the chairman of China's largest

Things are slowing down at the U.S.’s largest oil-import

“There’s some likelihood we’ll lose a builder,” commented Admiral Jonathan Greenert, the U.S. Navy’s Chief of Naval Operations

The U.S. Navy made aviation history Monday when an F-35C fighter jet made its first-ever arrested landing aboard an aircraft carrier at sea off the coast of

The Port of Antwerp is seeking an operator for a permanent LNG bunkering station for barges operating within European

Emergency response crew were called Tuesday to Warrenpoint Harbour in Ireland to attend fire reported in the cargo hold of a Gibraltar-flagged cargo

As Ebola persists in West Africa, shipping lines and traders are tweaking their contracts to protect themselves if the disease puts crews at risk of infection

Saudi Arabian Oil Co. lowered the cost of its crude to the U.S., where production is the highest in three decades, deepening a selloff that sent prices to the

As of the 1st January 2015 the sulphur limit in Emission Control Areas (ECAs) will take a highly significant drop from 1% to 0.1%. It may only look like