News

Daewoo Shipbuilding and Marine Engineering (DSME) announced today a 572.8 billion KRW (USD $534 million) jack-up rig newbuild order from Maersk Drilling. The

Sept. 25 (Bloomberg) — OAO Gazprom, Russia’s natural gas exporter, plans to sign contracts for at least 80 percent of the liquefied natural gas

Dry bulk shippiner, Seanergy Maritime (NASDAQ:SHIP) reported another dismal 2nd half today with net losses of $13.7 million reflecting 20 percent lower time

SALEKHARD, Russia, Sept 25 (Reuters) – President Vladimir Putin said on Wednesday Greenpeace activists arrested for staging a protest at Russia’s

By Tom Weaver, In February 2010, the America’s Cup challenger BMW Oracle Racing defeated the Swiss Alinghy team on the water in a “deed of Gift

An Italian court on Tuesday called for a new expert examination of the Costa Concordia cruise liner to seek further evidence related to its sinking, accepting

Hapag-Lloyd AG, Germany’s biggest container shipping line, chose the head of A.P. Moeller-Maersk A/S’s freight-forwarding arm to succeed Chief

Carnival Corp., the world’s largest cruise-ship operator, forecast fourth-quarter results that trailed analysts’ estimates amid a decline in

After a year of beating the bushes of the ship finance sector, Pankaj Khanna, CEO of Singapore-based Pioneer Marine has gained funding from US-based private

Precious Shipping, a Bangkok-based dry cargo operator specializing in the small handy size (10,000 to 30,000 DWT) sector of the tramp freight market, announced

After 15 years at the helm of Diamond Offshore Drilling, President and CEO Lawrence Dickerson has decided to call it a day. “I have been privileged to

Environmental activists who conducted a protest at a Russian Arctic offshore oil platform last week will be prosecuted and could face piracy charges that are

Oracle Team USA continued their winning streak this afternoon after sailing a race that Kiwi opponent Dean Barker described as “flawless” in a

Sept. 23 (Bloomberg) — Shipping lenders are tightening rules on who their clients can trade with after the industry’s worst rout in at least 23

The captain of the Costa Concordia told a court on Monday that a junior officer who was at the wheel at the time shared the blame for the cruise liner

The platform supply vessel (PSV) ‘Blue Protector’ was delivered today from Ulstein Verft and is now available for charter on the North Sea spot

DUBAI, Sept 23 (Reuters) – Qatargas is not obliged to ship any liquefied natural gas (LNG) to Britain’s Dragon import terminal under a five-year

Many analysts, public and private equity investors and shipowners seem to believe the dry bulk order book has declined materially over the past eight and

Navios Maritime Acquisition Corporation (NYSE: NNA) announced today that it has agreed to extend the existing charters on the LR1 Product Tankers Nave Atropos,

Sept. 23 (Bloomberg) — Liquefied natural gas traders in northwest Europe won’t buy many short-term cargoes of the fuel until U.S. export projects