News

LONDON-(Dow Jones)- The Nigerian National Assembly will make a decision on whether to impose a $5 billion fine on Royal Dutch Shell SA’s Nigerian

SINGAPORE–Keppel Corp. Ltd. (BN4.SG) said Monday that its shipyard unit has secured three conversion contracts totaling S$103 million. The contracts are

(Bloomberg) — Nigeria, Africa’s largest oil producer, plans to increase exports of Akpo crude to six cargoes of 1 million barrels each in

(Bloomberg) — The biggest collapse in European demand for liquefied natural gas in at least 12 years and record Asian imports are sending fuel cargoes an

The Naval Criminal Investigative Service (NCIS) has made an arrest in connection with a shipyard fire that devastated the Los Angeles-class fast-attack

– By Rojda Akdag, Managing Director, MTS Logistics Labor stoppage, which is also known as a strike, is the problem aroused by the tension between a

The SINOPACIFIC Shipbuilding Group announced last Friday the signing of a newbuilding contract for (4) SPP35 platform supply vessels (PSV) and a Letter of

Scorpio Tankers Inc. (NYSE: STNG) announced today that it has signed an agreement with its lenders to extend the availability period of its $115

Aker Solutions has signed a contract with Hyundai Heavy Industries to supply a complete drilling equipment topside package to a new semi-submersible drilling

The first of four Panamax bulk carriers ordered by the Shipping Corporation of India Ltd. (SCI) were delivered last Friday by STX (Dalian) Shipbuilding Co.

Fjord Line’s two new international cruise ferries will be powered solely by environmentally friendly liquefied natural gas (LNG) instead of the more

BEIJING- (Dow Jones)-China’s CNOOC Ltd. (0883.HK) said Monday it has reached an agreement to acquire Canadian oil and gas producer Nexen Inc. (NXY) for

(Bloomberg) — Crude-oil shipments aboard supertankers bound for China fell 2.5 percent this week, according to ship-tracking data compiled by Bloomberg.

(Bloomberg) — Rates for ships that carry dry-bulk commodities will recover later than previously estimated as demand for cargoes slows, according to

The Star Polaris, a 173k DWT Capsize bulk carrier owned by Star Bulk is well on its way to being a cursed ship and she’s not even two years

LONDON (Dow Jones) U.K.-listed BG Group PLC (BG.LN) said Friday that it and its partners have approved the signature of contracts worth $4.5 billion for the

(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) second-quarter profit fell 24% as the contract driller reported lower utilization rates in all of its

(Bloomberg) — Gasoline shipments across the Atlantic Ocean from Europe may increase after inventories of the auto fuel on the U.S. East Coast reached

(Bloomberg) — Wärtsilä Oyj, the world’s biggest maker of ship motors and power plants, fell the most in a year as customers postponed

(Bloomberg) — Mario Monti’s government is trying to attract as much as $18 billion in investment to Italy by relaxing a ban on offshore oil and