News

Frontline Ltd.’s (FRO) first-quarter earnings fell 53% on a double-digit drop in revenue as the company said demand in the tanker market continues to lag

Damen Shipyards Group announced today that they have taken over the shares of Swedish ship repair and maintenance yard Oskarshamnsvarvet in Oskarshamn. The

Fred Olsen Energy ASA announced today that one of their wholly owned subsidiaries has entered into a turnkey, $700 million contract with Hyundai Heavy

(Dow Jones) Ship Finance International Ltd.’s (SFL) first-quarter profit rose 21% on a stronger performance in the tanker market. The company, which

  Via K&L Gates Lake Michigan Carferry, Inc., the operator of the SS Badger today filed the first ever individual permit application to authorize

STX Offshore and Shipbuilding announced this week a signed $120 million Letter of Intent (LOI) with an unnamed Greek owner to build two 6,500-CBM LPG vessels

Asia Maritime Pacific Ltd and OSL Holdings Ltd announced that as of 17 May 2012 the two companies have merged their Hong Kong-based operations. The new merged

RIO DE JANEIRO -(Dow Jones)- Brazilian oil startup HRT Participacoes em Petroleo SA (HRTP3.BR) said Wednesday that it had hired a semisubmersible drill rig

Damen Shipyards has launched the first of its newly designed Stan Pontoon (SPo) 12032 which is the longest pontoon they’ve ever built, and part of a

By Keith Johnson and Julian E. Barnes WASHINGTON (Dow Jones)–The Senate will hold on Wednesday its first hearing since 2007 on ratification of the

LONDON (Dow Jones)–More North Sea crude is set to head to Asia in June, shipbrokers told Dow Jones Newswires Wednesday, continuing a trend that has

After wrapping up her deepest work ever at ENI’s Devil’s Tower Southwest project in the Gulf of Mexico, and another subsequent pipelay project in

HOUSTON–Transocean Ltd. (RIG, RIGN.VX) said an executive misspoke Tuesday morning when he said that the company expected the U.S. to file more charges

COSCO Corporation (Singapore) Limited announced today that their subsidiaries, COSCO Shipyard Group Co., have delivered three bulk carriers to Asian buyers

Viking Supply Ships, one of TransAtlantic’s two business areas, announced today the receipt of a contract award for their AHTS-vessel, Magne Viking, to

It’s a huge day for a trio of offshore drillers selected by Statoil.  KCA Deutag, Odfjell Drilling and Archer have been awarded NOK 30 billon in

DOHA (Zawya Dow Jones)–The global oil markets are well supplied, Qatar’s energy minister said Tuesday, adding that “all issues” would

Fairstar Heavy Transport N.V. (FAIR) has signed a USD $247 million syndicated loan facility led by ING Bank. The facility provides the necessary liquidity to

Rolls-Royce and Istanbul Shipyard will be working together following their announcement today of an award by the Turkish Navy for three new ships.  Istanbul

Saipem announced today they have been awarded $1.1 billion in new Engineering and Construction contracts offshore Russia and the North Sea. In Russia, Saipem