News

A woman was taken into custody by the San Diego Police Dept. Tuesday after trying to steal a research ship belonging to the Scripps Institution of

By James Pomfret and Grace Li HONG KONG, April 10 (Reuters) – Striking dock workers at a port operator backed by Hong Kong’s richest man Li

April 10 (Bloomberg) — Tanzania sees natural-gas reserves more than doubling by early 2015 from the 40 trillion cubic feet discovered by companies

(Bloomberg) — A glut of oil tankers competing to haul 2 million-barrel cargoes of crude from ports in the Persian Gulf is set to stay at the highest

(Bloomberg) — Striking dockworkers at Hongkong International Terminals Ltd., the port operator backed by billionaire Li Ka-shing, will hold talks with

At 0540 local time on Wednesday 26 September 2012, the Indonesian ferry, KMP Bahuga Jaya, sank after colliding with the I.M. Skaugen-owned LPG/Chemical

The American Bureau of Shipping (ABS) has released the ABS Guide for Building and Classing Floating Offshore Wind Turbine Installations to provide the most

(Bloomberg) — Vantage Drilling Co. sued a BP Plc unit over what it claims was a $265.5 million increase in financing costs stemming from the 2010 Gulf of

Teekay Tankers (NYSE:TNK) announced today a $188 million order for four new 113,000 DWT Long Range 2 (LR2) product tankers from South Korea’s STX

KIEL, Germany, April 8 (Reuters) – The city of Hamburg wants shippers Hapag-Lloyd and Hamburg Süd to resume merger talks so that they stand a better

By Jeb Blount RIO DE JANEIRO, April 8 (Reuters) – Brazil’s oil regulator, the ANP, said on Monday that it authorized Chevron Corp to restart output

(Bloomberg) — Global seaborne trade will more than double by 2030 as China’s expanding economy drives demand for commodities from crude oil to iron

Malaysia’s largest offshore supply vessel (OSV) operator, Bumi Armada, has just awarded Wärtsilä the contract to design the series of four new

    Two of Technip’s deepwater construction vessels, the G1200 (Technip BV), a rigid pipe S-lay and heavy-lift construction vessel, and the

Germany’s Lürssen Yachts on Friday launched what is now the largest superyacht in the the world. Named Azzam, the superyacht measures an astonishing

American inventor Thomas Edison would be quite pleased at the recent news from Zurich-based ABB. An early champion of direct-current (DC) electricity, Edison

By Lars Petter Blikom, Segment Director for Natural Gas at DNV Over the past week, here at DNV, we have done another market analysis to assess how fast LNG

April 5 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, fell on Friday for a

FRANKFURT, April 5 (Reuters) – Private equity groups 3i and Allianz Capital Partners have attracted three tentative bids for their jointly-owned ferry

Maersk announced today that the Danish Underground Consortium (DUC) has approved an $800 million expansion of the Tyra Southeast development in the Danish