News

By Evrim Ergin ISTANBUL, Feb 13 (Reuters) – Top global shipping lines are looking to expand operations in Turkey to some of its fast-growing private

Overseas Shipholding Group Inc., the largest U.S. tanker operator, owes $463 million in U.S. taxes, the Internal Revenue Service said. The bankrupt

By Claire Milhench LONDON (Reuters) – A trade deal between the European Union and Singapore is unlikely to affect North Sea crude oil shipments to Asia,

Returns for Panamax vessels that haul coal and other commodities strengthened, nearing a two- month high, on increasing exports of the mineral from the U.S.

Heavy lift transport firm Dockwise reports quite a bit of positive news today. Their Board of Directors reached an agreement today with executives from

Oil tankers that move crude between U.S. ports are reaping windfall profits as domestic production surges and American laws prohibit exports. Rates for Jones

By Ayesha Rascoe WASHINGTON (Reuters) – Booming shale gas production is reshaping the energy outlook in the United States and Washington must re-examine

By Yereth Rosen and Gwladys Fouche ANCHORAGE/OSLO, Feb 12 (Reuters) – It may not be this year, but Royal Dutch/Shell and other oil companies will be back

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