News

John Cota, the infamous San Francisco bar pilot who crashed the Cosco Busan into the Bay Bridge in 2007, is suing the U.S. Coast Guard to get his license

Danaos Corporation, a Athens-based containership owner announced their 2012 year end financial results today. It was a challenging year for the global

It’s been a tumultuous few months for the largest US-based tanker operator. Today, OSG’s President and CEO Morten Arntzen announced his

BP Plc, Europe’s second-biggest energy company, signed a deal to export U.S. gas from the Freeport terminal in Texas, joining Royal Dutch Shell Plc,

French offshore contractor Technip named their latest offshore construction vessel today in a ceremony held at Metalships & Docks (MSD) shipyard in Vigo,

(Bloomberg) — Nordic American Tankers Ltd., the third-largest owner of oil tankers hauling 1 million-barrel cargoes, said it may double its fleet within

Polarcus Limited (OSE: PLCS) is pleased to announce that they have completed the sale and delivery of the 8-streamer 3D seismic vessel POLARCUS SAMUR to

Waste Heat Recovery (WHR) systems are a proven technology that enables ship-owners to make better use of existing energy within the vessel’s full

(Bloomberg) — OAO Novatek, Russia’s largest non- state gas producer, may require $5.6 billion worth of liquefied natural gas tankers to transport

Seadrill and SapuraKencana announced today they have entered into a US$2.9 billion sale and purchase agreement whereby SapuraKencana will acquire all of the

By Environment Correspondent Alister Doyle OSLO, Feb 11 (Reuters) – The high seas that cover almost half the Earth’s surface are a treasure trove

(Bloomberg) — Transocean Ltd. and federal prosecutors urged a judge to accept the oil driller’s agreement to plead guilty to a criminal charge over

(Bloomberg) — Returns for oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, reached the lowest level since August

A spokesman from Carisbrooke Shipping has confirmed that their multi-purpose bulk carrier, the British-flagged Esther C, has been attacked by pirates 85

After suffering massive losses over the past year, and with more losses forecasted amid terrible drybulk and tanker markets, Mitsui OSK Lines’ President

Maersk Line’s Chief Commercial Officer Lucas Vos announced his intentions to resign today from the Copenhagen-based shipping giant. “Lucas Vos has

(Bloomberg) — China’s exports rose 25 percent in January from a year earlier while imports increased 28.8 percent, resulting in a trade surplus of

DHAKA (Reuters) – A ferry carrying more than 50 people sank on Bangladesh’s giant Meghna River on Friday after colliding with a sand barge and

A recent market screening conducted by Swedish energy firm Swedegas has revealed significant interest in liquefied natural gas (LNG) throughout Sweden’s

(Bloomberg) — Tankers that carry about half of the refined oil products transported by sea will lose money for the next five years as an oversupply of