News

By Stanley Carvalho ABU DHABI, May 8 (Reuters) – Oil services firm Gulf Marine Services plans to spend around $400 million up to 2016 and expand into

May 8 (Bloomberg) — There’s so much cheap iron ore flooding into China that rates for the ships that carry it are forecast to jump almost 70 percent by

By Peter Apps LONDON, May 7 (Reuters) – The cost of Somali piracy to the global economy fell by almost half last year as attacks slumped, but piracy in

Petrobras has awarded further subsea installation work to Saipem today within the Santos Basin Pre-Salt region utilizing their Field Development Ship 2 (FDS

Vietnam said on Wednesday a Chinese vessel intentionally rammed two of its ships in a part of the disputed South China Sea where Beijing has deployed a giant

  The naval architects at Ulstein have, for the first time, married the X-bow concept with an accommodation vessel… and unfortunately, it’s

Italy's Fincantieri said on Tuesday it had filed a request to list its shares on the Milan bourse, as state lender Cassa Depositi e Prestiti (CDP) moves to

The United States said on Tuesday it was investigating the movement of a huge Chinese oil rig that Vietnam says has entered its waters, the latest show of

In support of operations at the Hibernia and Hebron fields offshore eastern Canada, Hibernia Management and Development Company Ltd (HMDC) and ExxonMobil

Royal Boskalis Westminster says it is studying the feasibility of a new, even larger heavy lift transport vessel that will dwarf even its Dockwise Vanguard,

A pilot guides the 77,198 DWT bulk carrier MV King Milo up the River Clyde on its way to

May 6 (Bloomberg) — Standard Chartered Plc, the British bank that earns most of its profit from Asia, expects to increase its $5.5 billion of loans to

The American Bureau of Shipping (ABS) announced this week they have been awarded the classification contract for Petronas’ second new FLNG facility

By Anthony Russell As Russian forces took Crimea in late February, commentators repeatedly emphasized the Ukrainian peninsula’s strategic importance as a

By Narae Kim SEOUL, May 6 (Reuters) – A diver lost consciousness and died on Tuesday during the search operation for victims still missing after last

An internal Maersk Line Limited (MLL) memo sent to gCaptain indicates changes are on the horizon for the Norfolk, Virginia-based U.S. flagged shipping company.

HOUSTON, May 5 (Reuters) – State-run oil company Petroecuador is offering to buy up to 18 diesel cargoes, 240,000 barrels each, with deliveries starting

May 5 (Bloomberg) — Odyssey Marine Exploration Inc., a marine salvager specializing in extracting cargoes from sunken ships, recovered its first gold

Oivind Lorentzen, Chief Executive Officer of Fort Lauderdale-based SEACOR Holdings Inc. (NYSE: CKH) announced plans for further asset growth today as a result

Norwegian ship owner Island Offshore and Aberdeen-based Fletcher Shipping have just signed contracts with Rolls-Royce for a total of four new offshore supply