News

STX OSV announced on Friday that New Orleans-based offshore supply vessel operator Tidewater Inc. acquired contracts for three platform supply vessels which

China CSSC Holdings Ltd. (600150.SH), the listed arm of China’s largest shipbuilder, said Saturday its profit likely shrank by 95% to 100% year on year

MOGADISHU – Somali pirates have released three Syrian hostages held in captivity since 2010 without payment of any ransom, government officials said on

BP Plc is seeking a reduction of as much as $3.4 billion in the fine it may have to pay for pollution caused by the 2010 Gulf of Mexico

By Christopher C. Williams, Barron’s Oil and gas producers are scoring major finds farther offshore than ever before. That, and rising energy prices, are

The U.S. Coast Guard on Friday said that it has completed interviews, evidence collection, and a thorough safety inspection onboard the Overseas Reymar tanker

Norwegian offshore supply vessel owner and operator, Farstad Shipping ASA announced today they have been awarded the following charter contracts worth NOK 32o

Royal Dutch Shell PLC’s (RDSA, RDSB) Kulluk oil rig violated nine conditions of its air-quality permit while drilling in the waters off Alaska, the U.S.

WASHINGTON – A nuclear-powered U.S. attack submarine struck a suspected fishing vessel shortly after passing through the Strait of Hormuz in the Gulf on

The US Office of Fossil Energy is currently reviewing a request submitted by Texas-based firm Pangea LNG for authorization to export 398.5 billion cubic feet

The index climbed 1.1 percent to 751, according to the London-based Baltic Exchange, an assessor of freight costs. Average hire costs for Panamax ships, which

A joint development project (JDP) between HHI and Lloyd’s Register meets market demand for a new generation of drillships With the heightened

Oil and gas exploration off Norway’s Jan Mayen Island, due to be opened up to drillers this year, poses “significant environmental

0903 GMT 9 Jan STOCK CALL: While both Keppel (BN4.SG) and SembMarine (S51.SG) are well positioned to benefit from increased industry spending and replacement

AMSTERDAM–Dutch dredging company Royal Boskalis Westminster NV (BOKA.AE) Thursday confirmed its earnings outlook for 2012 at an extraordinary meeting of

Rates to ship liquefied natural gas are gaining as the gap between prices in Europe and Asia is set to widen throughout the winter. A vessel was booked for

Ever since the AIVIQ lost the initial tow of Shell’s Kulluk drilling rig on December 27th, there were so many new developments and information pouring

These are the first ever photos captured of a live giant squid in its natural habitat. The photos are still images  taken from video captured back in July

Click HERE for latest update Update: The incident occurred at the Pier 11 ferry terminal in Manhattan, N.Y. Fifty-seven injuries have been reported after the

SKF AB, the world’s largest maker of ball bearings, agreed to buy Hamburg-based ship-component maker Blohm & Voss Industries GmbH to expand its