News

Keppel Shipyard announced today it will be converting a newly-built, 600,000 bbl ice-class FPSO for Bumi Armada as part of the FSPO Armada Kraken project which

Fred. Olsen Windcarrier's "Brave Tern" and "Bold Tern" jacked up at Global Tech 1 Offshore Windfarm in the North Sea off the coast of Germany.

The chief executive of Zim, Israel's biggest shipping company, has indicated he wants to step down once its $3 billion restructuring plan has been implemented,

The Swedish Coast this week is busy cleaning up an spill in the Baltic Sea that is believed to be coming from a decades-old

Hyundai Mipo Dockyard (HMD) announced today the winning of a six-ship petrochemical tanker newbuild order worth KRW 187,500,000,000 (USD $185 million). The

By Phoebe Sedgman July 1 (Bloomberg) — The authority that oversees Australia’s Port Hedland, the world’s biggest bulk-export port, merged with nearby

By Anna Louie Sussman NEW YORK, July 1 – U.S. ship builders are making a $500 million bet on robust domestic demand for crude oil from newly-tapped shale

Italian authorities voting on the final destination of the Costa Concordia shipwreck have opted to stick to original plans for the hulk, calling for its

On Friday June 6, the HOS Black Watch was launched at Eastern Shipbuilding's Allanton facility in Panama City,

Overall confidence levels in the shipping industry fell slightly during the three-month period to May 2014 but remain at their second-highest level for the

Germany's closely held Meyer Werft and the Finnish government are nearing a deal to buy the Turku shipyard in southwestern Finland from STX Europe , the

A major explosion at an Alang shipbreaking yard in India has killed five people and injured at least 10. According to local media reports, the blast occurred

A boiler room fire aboard a Holland America cruise ship carrying nearly 2,900 people prompted the vessel to return to port in Seattle but caused no significant

On June 24, 2014, various news sources reported that the Department of Commerce (“DOC”) had allowed two companies to export processed condensate,

KrisEnergy announced today they have made the final investment decision to drill upwards of 14 development wells at the Wasanna development in the Gulf of

OSLO, June 30 (Reuters) – Statoil has postponed a decision on the development concept for its flagship Johan Castberg Arctic oil project until the summer

Iron ore prices, heading for a second straight quarterly loss, will rebound as the daily closure of mines supplying high-cost output in China boosts demand for

The World Shipping Council (WSC) has released an update to its 2011 survey and estimate of containers lost at sea.

A Panamanian court on Friday ordered the release of three North Korean ship officers who were jailed after they were caught smuggling Cuban weapons through

Italian shipmaker Fincantieri said on Saturday it had priced its initial public offering at the bottom of its price range at 0.78 euros per share and cut the