News

UPDATE (10 JUL): MOL Comfort Fore Section has Sunk The Indian Coast Guard has departed the scene today of the burned-out derelict of the once elegant

July 10 (Bloomberg) — Fred Olsen Energy ASA rose to a six- week high in Oslo ahead of the offshore drilling company’s quarterly results tomorrow,

Bollinger Shipyards, Inc. announced the appointment of Richard K. Murphy as a senior manager working on Coast Guard and other governmental programs at their

(Bloomberg) — Royal Dutch Shell Plc unexpectedly named refining boss Ben van Beurden to succeed Chief Executive Officer Peter Voser as Europe’s

The Malaysian-flagged MV Albedo, hijacked by Somali pirates in 2010 and held at an anchorage close to the Somali Coast, has sunk in rough seas, the European

SAO PAULO, July 9 (Reuters) – Dock workers at Brazil’s key shipping port of Santos, the largest in South America, are planning a 24-hour strike on

Royal Boskalis Westminster N.V. (Boskalis) has announced that their wholly-owned, and recently acquired subsidiary, Dockwise, has been awarded USD $175 million

UPDATE (10 JUL): MOL Comfort Fore Section has Sunk In a chat with the Indian Coast Guard this morning, they note that the the fire on board the fore section

SEOUL, July 9 (Reuters) – South Korea’s Daewoo Shipbuilding & Marine Engineering has won an order worth 481.2 billion Korean won ($417.61

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. is in talks with two coastal cities and government departments to secure financial

Mitsui O.S.K. Lines (MOL) reports today that the a fire has broken out on the rear end of the fore part of the vessel at around 0030UTC (0930 JST) on July

July 8 (Bloomberg) — West Texas Intermediate crude fluctuated near a 14-month high as U.S. equities climbed while ship traffic in Egypt’s Suez

LONDON, July 8 (Reuters) – Clean tanker rates for refined petroleum products on top export routes were mostly lower on Monday although the transatlantic

The European Union (EU) has launched a flurry of activity around maritime greenhouse gas (GHG) emissions in the last few months in a move that the industry has

Nigeria's federal court in Lagos reiterated an order for the maritime security agency to end a blockade of Nigeria's liquefied natural gas company (NLNG) ships

Navios Maritime Acquisition Corporation (NYSE: NNA) has announced the Nave Equinox, a 2007-built, 50,922 dwt MR2 Ice Class 1A product tanker was delivered

While in Houston earlier this year, I caught up with Leon Adegeest, a Dutch entrepreneur who, along with his team, developed a particularly useful software

While attempting to leave port on Saturday, the bulk carrier Cyprus Cement encountered some sort of propulsion issue and ends up tearing through a Norwegian

China Shipbuilding Industry Corporation (CSIC) announced today that their subsidiary, Shanhaiguan Shipbuilding received an order for 2 new jack-up rigs with an

By Koh Gui Qing and Yimou Lee HONG KONG/BEIJING, July 8 (Reuters) – An appeal for government financial support from China’s biggest private