News

The Panama Canal Authority broke off talks about a $1.6 billion cost overrun with the Sacyr SA-led group working to expand the waterway, Sacyr said, pushing

Euronav, the Belgian crude oil tanker company, has just bid for the acquisition of five tankers from Overseas Shipholding Group (OSG) as part of an asset sale

A new year, a new shipping IPO by private equity investor Wilbur

Edison Chouest Offshore (ECO) has acquired the remaining assets from the fleet of Broussard, LA-based Bee Mar LLC, The Times-Picayune has confirmed citing a

The Greenwich, Connecticut-based company owns and operates medium-ranged tankers to transport refined petroleum and other

About 10 years ago, a concept was developed by a group of Scandinavian engineers that provided a highly simplified cargo transfer solution for conventional oil

The National Transportation Safety Board says that BAE Systems knew about the poor condition of multiple mooring bollards at its Mobile shipyard prior to when

Noble Corporation plc (NYSE: NE) has announced today it’s new standard specification offshore drilling company will be named Paragon Offshore and led by

Less than a month after its largest new-building order and a fully subscribed IPO, Scorpio Bulkers Inc. (SALT) has struck again, albeit more modestly.  This

Athens-based LPG shipper StealthGas (Nasdaq:GASS) has announced the newbuilding order of two LPG carriers from Japanese shipyards consisting of a 5,000 cubic

Finnish cargo handling equipment maker Cargotec reported a stronger-than-expected order intake in the fourth quarter, boosting hopes its troubled marine

A volunteer rescue crew with the Royal National Lifeboat Institute this weekend assisted in the rescue of 6 fisherman forced to abandon their trawler in waves

Fiscal austerity is here to stay, commented Rear Admiral Thomas Shannon, Commander of the United States Navy’s Military Sealift Command (MSC) while speaking

Efforts are underway to confirm the identity (and story) of a mystery castaway who washed up last week on a Marshall Islands atoll after allegedly surviving

India's top court has given the government a week to decide if it will invoke a maritime security law that carries the death sentence against two Italian

eams of workers, aided by ships and aircraft, will complete on Monday the sea cleanup of 164,000 litres of oil that leaked off South Korea's southern coast,

OSLO, Feb 3 (Reuters) – Oil tanker operator Frontline sold 8.8 million new shares in January as part of an equity distribution agreement with Morgan

The diverse business models of Japanese shipping giants NYK, MOL and K Line pulled them through to profitability at the nine-month stage, ending December 31

Bergen Group’s Hanøytangen yard is preparing to host the Floatel Superior after winning a contract for various yard services and modification work over

Volstad Shipping has announced today they have secured the required financing to execute the previously announced construction contract for a new 128-meter