News

WASHINGTON – On May 8, 2010, the 310-foot-long passenger ferry Andrew J. Barberi lost propulsion control of one its two cycloidal propellers as the

(Dow Jones) A former engineer for BP PLC (BP, BP.LN) has been arrested and accused of deleting text messages detailing how much oil was gushing into the Gulf

In what must have been a rather tense meeting this morning, Fairstar Heavy Transport N.V. (FAIR) met with representatives of Dockwise in Fairstar’s

LONDON (Dow Jones)–Iranian oil stored at sea is building up due to international sanctions but the measures are also proving a boon to its home-grown

LONDON (Dow Jones)–Two cargoes from the May loading program of North Sea Forties crude have been deferred as the Nexen Inc. (NXY)-operated Buzzard oil

The Norwegian-owned offshore accommodation vessel, Edda Fides, one of the most advanced and sophisticated vessels of its type in the world, has been dry-docked

Newbuild orders for subsea construction and supply vessels have been placed today by Norwegian shipowners Rem Offshore and Island Offshore. Having built a

10 Taiwanese fishermen were forced to abandon ship 700 miles west of Guam this weekend when their 70-foot fishing boat Hsin Man Chun caught fire.  Upon

Fairstar Heavy Transport N.V. (FAIR) announced today that they have received an unsolicited, conditional, offer from Dockwise to acquire Fairstar shares at a

On Wednesday 18 April, EU Naval Force (EU NAVFOR) Spanish warship, ESPS Infanta Elena rescued 6 Sri Lankan fishermen and their fishing vessel from 7 suspected

Dockwise announced today their decision to convert their Type 2* heavy lift vessel, the Black Marlin, to a Type 1 vessel similar to its sister ship, the Blue

COPENHAGEN (Dow Jones)–Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) said Monday its oil and gas drilling services arm Maersk

COPENHAGEN (Dow Jones)–Financially strapped Danish shipping company Torm A/S (TORM.KO) said Monday a planned liquidity injection would result in its

LONDON (Dow Jones)–U.K. offshore safety inspectors are investigating reports of a fire on Nexen Inc.’s (NXY) Buzzard North Sea platform over the

Wallenius Wilhelmsen Logistics (WWL), the global shipping and logistics company, announced today that it is on track to reduce its relative greenhouse gas

Former offshore Rig Hand now accomplished country music singer, Trace Adkins pays tribute to the men who were lost on the Deepwater Horizon. Rest in Peace

In early April, a video surfaced which depicted a ship’s security team on an all-out assault against an apparent pirate attack.  For most the video was

13-19 April 2012 Another roller-coaster ride this week in the oil markets as volatility remains the only constant.  A positive meeting over this past weekend

Heavy lift and oversized cargo carrier, Jumbo Shipping, confirmed today the order for a second new K-class vessel, with an option on a third, to

(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) first-quarter earnings slid 26% as the contract driller was hit with higher costs. The company declared