News

Caterpillar Marine recently shipped the first of five new Cat® G3516C marine gas engines from their Lafayette, Indiana manufacturing facility to the Port of

April 9 (Reuters) – Principal Maritime Tankers Corp, which is backed by Apollo Global Management LLC, filed with U.S. regulators to raise up to $100

By Phoebe Sedgman April 10 (Bloomberg) — The world is mining more iron ore than steelmakers need. Australia, the largest supplier, sent 504 ships from

HONG KONG, April 9 (Reuters) – SapuraKencana Petroleum Bhd’s second largest shareholder plans to sell up to $305 million worth of shares in the

An oil tanker carrying upwards of 60,000 liters of oil sludge sank in the Gulf of Thailand today according to the Thai News Agency. Surachai

SEOUL, April 9 (Reuters) – Samsung Heavy Industries Co Ltd said on Wednesday it won a 1.34 trillion won ($1.27 billion) order to build two drillships for

Dryad Maritime, the UK-based maritime intelligence firm reports 41 seafarers were taken hostage during the first quarter of 2014 in a report released today.

The deadly mudslide that destroyed a residential area northeast of Seattle on March 22, 2014 killed 34 people, including maritime industry veteran Steve

Alan Levin and Thomas Black April 8 (Bloomberg) — Aircraft black-box pingers, like those from the missing Malaysian jetliner lying somewhere in the

Crowley Maritime Corp has is expanding their operations into the international ship management sector today following an announcement that it has acquired

by Neil Chatterjee (Bloomberg) – Indonesia is seeking clarity on China’s intent behind its maritime claims in the South China Sea to avoid the risk

After a year where large vessels such as capesize bulkers and supertankers were barely earning break-even day rates, momentum has since picked up in the

The U.S. Navy is getting ready to deploy a prototype laser weapon technology reminiscent of something you would expect to see in a Star Wars movie. The

Overseas Shipholding Group Inc. won court permission to sign a deal with its lenders that would raise $300 million from a share sale as part of the company’s

A subsidiary of Seattle-based Saltchuk Resources, one of the nation’s leading transportation and petroleum distribution companies, has entered into a binding

By Andrew Noel and Veronica Ek April 7 (Bloomberg) — Alfa Laval AB agreed to buy Norwegian pumpmaker Frank Mohn AS, the manufacturer of Framo

By Chou Hui Hong April 7 (Bloomberg) — BG Group Plc, Britain’s third- largest natural gas producer, will move its global headquarters for marketing LNG

The sheer expanse of the world’s oceans is beyond the realm of comprehension for most.  Only those have crossed oceans from a sea-level perspective, or

950 miles northwest of Perth, Australia, the U.S. Navy’s towed pinger locator (TPL) may have found the tell-tale pings of the black box from MH370.

By Chou Hui Hong April 7 (Bloomberg) — Singapore’s political neutrality and English-speaking workforce will help the city-state become an Asian hub for