News

Jones Act shipping company Matson (NYSE: MATX) says it will cover all costs associated with the Honolulu Harbor molasses spill response, sparing Hawaiian

Software titan Larry Ellison's decision to race the 34th America's Cup on high-speed 72-foot catamarans has been criticized for pushing the competition too far

MV Mary Maersk, the third installment of Maersk Line's massive Triple-E class, quietly commenced her maiden voyage this week from Busan, South Korea with about

The Costa Concordia liner was pulled upright off the island of Giglio on Tuesday, in one of the world's most complex and expensive salvage operations which the

Farstad announced the winning of three new contracts today worth a total of NOK 150 million for operations offshore Brazil. The contracts consist of: Shell

Sept. 17 (Bloomberg) — China is building the most property in at least a decade, expanding shipments of logs and adding to record commodity cargoes that

Officials in Italy have confirmed that the parbuckling of the Costa Concordia has been completed after a 19 hour operation to upright the

Perini Navi’s latest beauty, the 73 meter Azipod-powered Grace E was launched today from their Picchiotti shipyard in La Spezia.  She shares the same

The cost of hauling iron ore and coal along China’s coast rose to a 16-month high, adding to signs the nation’s demand is strengthening for the

he European Union's efforts to impose economic sanctions on Iran suffered a new setback on Monday when a top court ruled that measures against the Islamic

UPDATE: 14:30 EST – D.C. Metro Police Chief Cathy Lanier has confirmed 12 fatalities, the U.S. Navy reports. D.C. Police Chief Cathy Lanier addressed a

STX Finland has announced that its Board has unanimously approved a restructuring of the company which will see current operations at the Rauma Shipyard ramped

By Jonathan Saul LONDON, Sept 10 (Reuters) – Crude oil tanker earnings on the major Middle East route stayed under pressure on Tuesday with a surplus of

Sept. 16 (Bloomberg) — Danske Bank A/S said Eivind Kolding will step down as chief executive officer today as the board replaces him with a candidate it

Hyundai Mipo Dockyard announced today the winning of a KRW 198 million order to build 5 Liquefied Ethylene Gas carriers from an undisclosed European shipowner.

A Washington State Ferry collided with a sailboat Friday in the San Juan Islands, sinking the sailboat but luckily sparing any

Large-scale gas exports from the United States will narrow the gap between U.S. domestic prices and those in Asia, but the boost to U.S. domestic gas prices is

Singapore shares were slightly lower on Friday, but oil and gas services provider Ezra Holdings Ltd surged to an eight-month high on market speculation about a

An Olympic organizing committee in Russia unveiled plans today to take the Olympic torch relay to the North Pole ahead of the XXII Olympic Winter Games in

With the parbuckling of the Costa Concordia nearly upon us, this recent aerial photo of the wreck site gives us a good view of what salvors are working