News

Norwegian shipowner, GC Rieber Shipping annouced today they have awarded a newbuild contract to ULSTEIN for the delivery of a high capacity subsea

The downward trend in oil prices continues unabated.  Spain’s credit rating decline created an even greater concern over sovereign debt in the Euro

(Dow Jones) Tanker owner and operator B+H Ocean Carriers Ltd. (BHODD) filed for Chapter 11 bankruptcy Wednesday to restructure its balance sheet as it tries

LONDON (Dow Jones)–OPEC producers, including from the Gulf, said Friday they saw no immediate need to cut production despite oil prices dropping below

PASCAGOULA, Miss. – The U.S. Navy today awarded Huntington Ingalls Industries (NYSE:HII) a $2.38 billion fixed-price-incentive contract for the design

Fairstar Heavy Transport N.V. (FAIR) announced today that they have taken delivery of the FORTE, a 216 meter long, 48,000 DWT, DNV-classed heavy lift transport

PORT ARTHUR, Texas (Dow Jones)–Saudi Arabia is currently producing crude at a rate exceeding 10 million barrels of oil a day, the chief executive of

SAO PAULO (Dow Jones)–An unusual strike by manual laborers at Brazil’s biggest port, in Santos, partially ended Thursday because of a court order,

Maersk Drilling announced today the ordering of a new ultra harsh, high specification jack-up rig at Keppel FELS in Singapore backed by a four-year-contract

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Thursday the Singapore High Court has issued an unfavorable judgment on its lawsuit against PPL

NEW DELHI (Dow Jones)–Royal Dutch Shell PLC (RDSA.LN), Reliance Power Ltd. (532939.BY) and Kakinada Seaports Ltd. will jointly build a terminal on

Tromsø-based shipowner, Troms Offshore Supply announced the receipt of a newbuild offshore supply boat delivered by STX Søviknes shipyard in Norway

As Qatar ramps up its exports of LNG, Qatar Gas Transport Company (Nakilat) has built one of the largest LNG fleets in the world. Nakilat

OSLO -(Dow Jones)- Southern Norway risks a gasoline shortage in the coming days, as maritime pilots strike as part of a wider public sector dispute over wages,

(Dow Jones) Japan infrastructure minister Takeshi Maeda and Brazil industry minister Fernando Pimentel signed a memorandum of understanding in Tokyo on Tuesday

Damen Shipyards has launched its newly designed, Lloyd’s Register-classed, ASD Tug 3212 at the International Tug and Salvage Convention (ITS) in

OSLO (Dow Jones)–Southern Norway risks a gasoline shortage in the coming days, as maritime pilots strike as part of a wider public sector dispute over

LONDON – Tokyo-based ship classification society Nippon Kaiji Kyokai, better known as ClassNK, officially announced that its register had surged past

RIO DE JANEIRO (Dow Jones)–The transportation arm of Brazilian state-owned energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, has

United Arab Chemical Carriers Ltd (UACC) is a Dubai-based shipowner with a modern fleet of 13 product tankers within the medium range (MR) (46,000–50,000