News

After a four days under the control of west African pirates, BW Shipping reports that the product tanker, BW Rhine, has been released off Nigeria by its

By Lars Petter Blikom, DNV As part of a project to define the future design of container feeder ships for operation in the Baltic Sea, some of my colleagues

It was a wild ride in the oil markets this week as crude prices fell off of a cliff today and WTI is now lower than $100 BBL.  While

Sauter Carbon Offset Design (SCOD) says they have come up with an alternative design for the USCG’s new Sentinel Class Fast Response Cutters (FRC) that

PARIS (Dow Jones)–French oil major Total SA (TOT, FP.FR) Friday reiterated it was ready to start “in the coming days” an operation to

To benefit from the current strong demand for high specification drilling units Seadrill announced today that it has entered into a turnkey construction

LONDON (Dow Jones)–The June loading program for North Sea Ekofisk crude oil is scheduled at 263,000 barrels a day, up from 237,097 barrels a day

Navios Maritime Partners L.P.’s (NMM) public offering of 4 million common units priced at a 4.5% discount to Wednesday’s close. The units were

FRANKFURT (Dow Jones)–German shipping group Hapag-Lloyd said Friday it has increased freight rates for all cargo and container types between Europe and

SINGAPORE (Dow Jones)–The Baltic Dry Index, the bellwether gauge of rates for ship dry commodities including grains, iron ore and coal, will likely find

  On the approach into the channel at Port Aransas, Texas this morning, the 74k DWT product tanker, FR8 Pride, a Scorpio Tanker-managed vessel, lost power

SINGAPORE (Dow Jones)–The G6 alliance of container shipping firms, which includes Singapore-listed Neptune Orient Lines Ltd.’s (N03.SG) APL

(Dow Jones) Rowan Cos.’s (RDC) first-quarter earnings rose 54% as higher day rates contributed to the offshore drilling company’s

BW Maritime believes their product tanker, BW Rhine, has been captured off Togo.  Here’s a statement made by the company. On 28 April 2012, BW Rhine, a

A product tanker has reportedly been hijacked yesterday in position: 06:01.14N – 001:20.2E, correlating to Lome Anchorage, Togo. The owners of the

– By ExxonMobil Connection The ExxonMobil Drilling team this month commenced operations on the Jansz-lo driling program for the Gorgon LNG Project off

Coinciding with the announcement of Lamprell’s newbuild jackup order today, DNV released a new rule book for self-elevating units, aka jackups, which

Lamprell announced today the receipt of a USD $227 million contract award from an international drilling contractor for the construction of a jackup drilling

LONDON -(Dow Jones)- The senior BP PLC (BP.LN) executive accused of taking cash payments in return for giving sweetened tanker chartering terms has been

LONDON (Dow Jones)–Two cargoes of Nigerian Usan crude have been delayed from May to June, traders told Dow Jones Newswires Monday. The Total