News

NEWPORT NEWS, Va. — Huntington Ingalls Industries (NYSE:HII) announced today the receipt of a $296 million contract modification, under a previously

Following dismal news from the Brazilian Federal Court yesterday, offshore drilling contractor Transocean Ltd. (NYSE: RIG) (SIX: RIGN) received an

(Dow Jones) Shipping companies are demolishing their vessels at an unprecedented rate this year, hoping to eliminate some capacity to cushion the impact of a

In response to our article this week calling out 7 ships that were detained by the MCA, Captain Bjorn Hojgaard, Chief Executive Officer of Hong Kong-based

Amid the throngs of maritime professionals from around the world and the huge expanse of the 2012 SMM Hamburg conference, I sat down with the American Bureau

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today that at approximately noon Rio De Janeiro time (11 a.m., ET), the federal court in Rio de Janeiro

Teekay’s Market Analyst Christian Waldegrave gives his September 2012 conventional tanker market update while attending the Jefferies Conference in New

Damen Shipyards Group announced today they will be supplying Dutch maritime services provider Acta Marine with four Shoalbuster anchor handling tugs. Three

Noble Energy, Inc. (NYSE: NBL) announced today that it has signed a 3-year contract, at a day rate of $584,000, for the Atwood Advantage, a DNV-classed,

OSLO — DNV announced today that they have been awarded the contract to class the Petronas LNG FPSO (FLNG). The unit will be built by DSME in Korea and

While at the SMM Hamburg conference a few weeks ago, I met up with Sigurd Jenssen, Director, EGC at Wärtsilä Environmental Solutions Tell me a bit about

LONDON–A manager with the National Iranian Tanker Co. rejects U.S. claims that the oil transport company is a state company and says it should not be

WASHINGTON – The collision of a chemical tanker with a containership in the Houston Ship Channel in October 2011 was likely caused by the inappropriate

On Monday, Russian freight forwarder Sovfracht-Sovmortrans announced the signing of an agency agreement under which they were formally appointed sales agent

CARACAS–Venezuelan state oil monopoly Petroleos de Venezuela, or PdVSA, signed a 15-year crude supply contract with India’s Reliance Industries

Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA has subject final approvals entered into a Letter of Award for the provision of the semi

(Bloomberg) — The biggest shutdown of nuclear power in history will spur record demand for liquefied natural gas and the most profit ever for Golar LNG

One of the biggest issues facing ship owners these days is what do to about the IMO emissions regulations, particularly those referring to sulfur oxides (SOx),

Greek shipowner Tsakos Energy Navigation Limited (TEN) (NYSE: TNP) announced today a three-year time charter extension for the Arctic, a 2007 built, 163,216

In what initially appears to have been caused by a navigational error, an Aframax tanker owned by Vancouver-based Teekay Tankers, has run aground off the coast