News

OSLO, April 21 (Reuters) – Norway took a major step towards opening up an environmentally sensitive Arctic area to oil and gas exploration when the

By Lambros Papaeconomou, NYFEX Asset Management LLC Dry cargo shipping company Excel Maritime Carriers Ltd. (EXM) saw its share price drop almost 45%

Barge shipping was halted Friday on parts of the Illinois and Mississippi rivers as flooding forced the closure of several locks until at least the middle of

(Bloomberg) — Greek ship owners, who control more vessels than those of any other country, are buying the most iron-ore carriers since before the global

The European Parliament on Thursday backed plans that would help make the scrapping of old ships safer, but voted against a proposal for a recycling fund

The specialized nuclear transport ships Pacific Heron and Pacific Egret left the Cherbourg Harbor in northern France on April 17th

Vale mega ship called at a port in eastern China this week, marking the first entry of the vessels since Beijing banned them in January

(Bloomberg) — Woodside Petroleum Ltd., Australia’s second-largest oil producer, said first-quarter sales increased 21 percent, boosted by its A$15

(Bloomberg) — Demand to ship liquefied natural gas declined last quarter as export volumes shrank, according to RS Platou Markets AS, the

Work towards the design of an AT/B dredge at Signal International has been stopped at request of Great Lakes Dredge and Dock... and let's just say Signal is

The U.S. Coast Guard announced Tuesday the acceptance of nine ballast water treatment systems as Alternate Management Systems

(Bloomberg) — Japanese shipping lines, buffeted by a decline in freight rates, are set to get a more than $500 million boost to their earnings from a

It’s been a good couple days for Samsung Heavy Industries. After winning an order for two LNG carriers yesterday, they have just announced another big

Samsung Heavy Industries added another 462.3 billion won ($409.38 million) to their backlog today with the order of a pair of LNG carriers for a Joint

“How long can smaller, less well-known owners, especially ones with only one ship, continue to run their grand and less than grand old ladies?”

Since May 2010, Transocean’s Cajun Express has been drilling offshore Brazil for Petrobras at a healthy day-rate of $517k per day. UK-based energy firm

April 15 (Bloomberg) — STX Offshore & Shipbuilding Co., a South Korean company that is rescheduling debt with creditors, jumped the most in two years

Update: The Crane barge was successfully towed to Port of LA/LB on Tuesday. The tug Delta Captain sank while towing the barge Saturday, according OSPR in

Kyunghee Park (Bloomberg) — STX Offshore & Shipbuilding Co., a South Korean yard that is undergoing debt rescheduling, led a decline among shipyards

Located about 425 km off Western Australia’s northern coast, the Browse Basin was expected to be one of Australia’s next major LNG production