News

Singapore-based rig builder Keppel FELS announced today they have secured their 66th jack-up rig newbuild contract since 2000.  Uruguayan firm, Parden Holden

Aug. 2 (Bloomberg) — Inmarsat Plc, the largest provider of maritime satellite services, rose the most in a year after forging a distribution partnership

ACCRA, Aug 2 (Reuters) – Ghana’s navy has intercepted a ship and arrested its crew on suspicion of involvement in the hijacking of an oil products

The world of private maritime security has utterly exploded in recent years following the rise of Somali piracy, and now the huge increase in attacks in the

Alstom has achieved a significant milestone this week when its tidal power turbine achieved a full nominal power output of 1MW at their European Marine Energy

Gibdock has underlined its growing reputation in the offshore vessel sector by securing its first dry docking contract from Technip, a world leader in project

The KM Patriot Andalan, a Pertamina oil tanker, is seen as it sinks at Ternate port, Indonesia Maluku Utara province July 31, 2013. The oil tanker owned by

KUALA LUMPUR, Aug 1 (Reuters) – Malaysia’s Petronas will directly procure newbuild liquefied natural gas (LNG) ships to bring down costs, the state

In the wake of the forthcoming legislation on ballast water, the UK P&I club has published an updated report highlighting a number of key issues that need

The American Bureau of Shipping (ABS) has announced the release of the ABS Guidance Notes on Accidental Load Analysis and Design for Offshore Structures. ABS

July 31 (Bloomberg) — IDA Ireland, charged with winning overseas investment for the country, is backing plans to develop a shipping-finance center in

Seadrill Limited entered into new contracts today for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore

In 2011, Virginia-based maritime security firm AdvanFort needed to some rifles to undertake counter-piracy missions in the Gulf of Aden and the Indian Ocean.

Rep. Duncan Hunter defends the Jones Act in this recent editorial for CNBC.

Belgian gas shipping company EXMAR NV said Wednesday that its joint venture with Teekay LNG, EXMAR LPG, has exercised an option for two additional midsize gas

JAKARTA, July 31 (Reuters) – An oil tanker owned by Indonesia’s state oil and gas company, Pertamina, spilled around 5,400 tonnes of fuel into the

Rongsheng Heavy Industries announced in a stock filing today their plan to issue HK$1,400,000,000 (USD $180 million) in convertible bonds in an effort to help

By Yimou Lee HONG KONG, July 31 (Reuters) – China’s largest bulk shipper, China COSCO Holdings Co Ltd , may sell some of its $1.6 billion in

July 31 (Bloomberg) — At Royal Dutch Shell Plc’s compound in the Nigerian city of Warri, the gate is locked, the grounds are empty and grass has

Teekay LNG Partners L.P. (NYSE:TGP), announced today that it has issued approximately 0.93 million common units in a private placement to an institutional